Shark Tank India: Anupam Mittal, a renowned judge on Shark Tank India and founder of Shaadi.com, has responded to claims regarding alleged irregularities on the show. Following a Twitter user’s accusations of a ‘delayed funding scam’, Mittal took to Instagram to share his views on these assertions.
Mittal uploaded a creative featuring a shark surrounded by barking dogs, labelling it ‘Bark Tank streaming now’. In a somewhat satirical comparison, he likened the detractors to barking dogs.
Allegations Against Shark Tank India
These allegations emerged in June when a Twitter user, Anmol Sharma, who identifies as an entrepreneur, posted a series of tweets criticising Shark Tank India for benefiting the ‘sharks’ and Sony network at the expense of the contestants. Sharma painted a picture of ‘frustrated and broken’ participants who, despite giving compelling pitches and securing promises of investment on national television, had not received any funding.
Sharma detailed a timeline of the show’s operations, suggesting that startups promised funding during the August to November pitch sessions should ideally receive their funds within two months. However, he alleged that this was not the case.
Allegations of Start-ups Being Denied External Funding
Adding another layer to the controversy, Sharma suggested that some start-ups were also being denied funding by other investors. He claimed that potential investors were hesitant to commit funds to these start-ups because they were awaiting the promised investment from the sharks. Sharma highlighted the plight of these start-up founders, stating they were stuck in a vicious cycle due to this delay.
Awaiting Response from Other Shark Tank Judges
While Anupam Mittal has responded to these allegations, the other judges on the show – Ghazal Alagh, Namita Thapar, Vineeta Singh, and Amit Jain – as well as the channel have not yet commented on these claims.
As the controversy unfolds, audiences and start-ups are eagerly waiting to see how this situation evolves. Will the other ‘sharks’ and the channel step up and offer their side of the story? What will be the next development in this unfolding drama? Stay tuned as we bring you more updates from the world of Shark Tank India.
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