Are Shark Tank India Season 4 judges, employed by Sony Liv to invest in new businesses, running their own businesses with huge losses?
In a recent tweet, Harsh Goenka, the renowned industrialist and chairman of RPG Group, expressed his continued admiration for Shark Tank India, while subtly critiquing the show’s evolving dynamics.
He posted on X, ‘I still love watching #SharkTankIndia. But it seems some of our sharks are still navigating choppy waters. There’s more ‘bleeding’ in the tank than I thought!’
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According to FY24 Profit After Tax stats shared by Goenka, Acko General Insurance, led by Varun Dua, is the biggest bleeding shark with losses of Rs 456 crore. It is followed by Inshorts, owned by Azhar Iqbal, which reported a loss of Rs 228 crore. Ritesh Agarwal’s Oyo Rooms recorded staggering losses of Rs 184 crore (PBT before exceptional items), showcasing ongoing struggles, a trend evident in Oyo’s financial history.
Moving on, Kunal Bahl’s Snapdeal continues to face challenges with losses amounting to Rs 160 crore. Moderate losses were reported by Vineeta Singh’s Sugar Cosmetics (Rs 68 crore) and Aman Gupta’s boAt (Rs 54 crore). Shaadi.com’s Anupam Mittal is battling losses of Rs 18 crore for FY23, while Peeyush Bansal’s Lenskart reported losses of Rs 10 crore.
Goenka’s tweet caught the attention of both fans and critics of the show. While he openly declared his fondness for the entrepreneurial reality series, he pointed out that the “sharks” — the wealthy investors on the panel — seem to be facing more challenges than they might have anticipated. The reference to “choppy waters” and “more bleeding” in the tank suggests that Goenka believes the investment decisions, negotiations, or interactions between the sharks and entrepreneurs may be experiencing turbulence this season.
https://x.com/hvgoenka/status/1883088202162184621
The tweet also sparked speculation about the current dynamics between the sharks. In previous seasons, the sharks have had their own personal and professional tensions, and Goenka’s comment seems to suggest that this season might be no different.
While Goenka may have been commenting in jest, his tweet serves as a reminder of the realities of business and investment. It also reinforces the idea that even for seasoned investors, the waters of the Shark Tank can be treacherous. For fans, this adds an extra layer of excitement and curiosity, as they eagerly await what will unfold next in the tank.
As Shark Tank India continues to capture the imagination of viewers, Harsh Goenka’s tweet reminds us that entrepreneurship is not for the faint-hearted, and the journey, much like navigating a choppy sea, is full of twists and turns.
