How to Apply for Shark Tank India? [A Step-by-Step Guide]
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Shark Tank India has become a game-changer for Indian entrepreneurs, offering a platform to pitch innovative business ideas to some of the country’s most successful investors, or “Sharks.” It is an Indian’s most popular business reality television series that airs on Sony LIV and Sony Entertainment Television. The show is the Indian franchise of the American show Shark Tank.
Whether you’re a budding entrepreneur, a startup founder, or someone with an out-of-the-box idea, this show provides the opportunity to secure funding, mentorship, and exposure that could transform your business.
But how do you get on the show? Applying for Shark Tank India is a straightforward process, but it requires careful preparation and attention to detail. In this guide, we’ll walk you through the step-by-step process of applying for Shark Tank India, ensuring your business idea stands out and grabs the Sharks’ attention. Let’s dive in!
Step-by-Step Guide to Apply for Shark Tank India
If you’re an aspiring entrepreneur looking to showcase your business idea on Shark Tank India, follow these steps to apply:
Step 1: Online Registration
- Download the SonyLIV App: Install the SonyLIV app on your mobile device.
- Visit the Official Registration Page: Go to sharktank.sonyliv.com via the app or website.
- Complete the Registration Form:
- Fill in personal details such as your name, email, and phone number.
- Provide a compelling description of your business idea, focusing on its uniqueness, market potential, and scalability.
- Eligibility Criteria:
- You must be an Indian citizen aged 18 years or older.
- Minors can apply through a parent/guardian who will accompany them during auditions if selected.
Step 2: Create a Pitch Video
- If shortlisted based on your registration form, you’ll need to submit a 3-minute pitch video.
- In the video:
- Clearly explain your business idea and its viability.
- Highlight key aspects like market demand, growth potential, and innovation.
- Ensure your pitch is professional and engaging to stand out.
Step 3: Audition Round
- Attend in-person auditions held in major cities like Mumbai, Delhi, Bengaluru, and Kolkata.
- Present your business idea to the Shark Tank India team during this round.
- Be prepared to answer questions about your business model and demonstrate its feasibility.
Step 4: Pitching to Business Experts
- If selected from auditions, you will pitch your idea to a panel of business experts.
- Showcase the strengths of your business and respond confidently to their queries about market competition, financials, and scalability.
Step 5: Final Selection
- The final selection is based on the quality of your pitch and evaluation by the Shark Tank team.
- If chosen, you’ll appear on Shark Tank India to pitch directly to the Sharks for investment opportunities.
Additional Tips for Success
- Be Prepared: Research past seasons to understand what Sharks look for in pitches.
- Focus on Your USP: Highlight what makes your business unique and innovative.
- Practice Your Pitch: Attend workshops or webinars to refine your presentation skills.
- Stay Updated: Regularly check SonyLIV’s website or social media for updates about deadlines and guidelines.
Shark Tank India Concept
The show features a panel of potential investors or angel investors, termed as “Sharks”, who listen to entrepreneurs’ pitch ideas for a business or product they wish to develop. These self-made multi-millionaires judge the business concepts and products pitched and then decide whether to invest their money to help market and mentor each contestant.
Shark Tank India Sharks
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Shark | Company |
---|---|
Aman Gupta | Co-founder and Chief Marketing Officer of boAt Lifestyle |
Anupam Mittal | Founder and CEO of Shaadi.com and People Group |
Namita Thapar | Executive Director of Emcure Pharmaceuticals |
Peyush Bansal | Co-founder and CEO of Lenskart |
Vineeta Singh | CEO and co-founder of Sugar Cosmetics |
Ashneer Grover | ex-Managing Director and co-founder of BharatPe |
Ghazal Alagh | Co-founder and CEO of MamaEarth |
Amit Jain | CEO and co-founder of CarDekho |
Azhar Iqubal | Co-founder and CEO of Inshorts |
Deepinder Goyal | Founder and CEO of Zomato |
Radhika Gupta | Managing Director and CEO of Edelweiss MF |
Ritesh Agarwal | CEO and Founder of OYO |
Ronnie Screwvala | Co-founder and chairperson of UpGrad |
Varun Dua | Founder and CEO of ACKO |
Kunal Bahl | Co-founder of Snapdeal |
Viraj Bahl | Founder and CEO of Veeba |
FAQs
How to Register for Shark Tank India?
You can register for Shark Tank India by downloading the Sony LIV app or log on to www.sonyliv.com. Kindly note, the Sony LIV App download is free of cost.
Who can register?
Anyone who is an Indian citizen, residing in India, aged 18 years or above can register for Shark Tank India.
I am below 18 years but I have a business idea I wish to submit, how can I do so?
You cannot directly apply to the show. However, if your parent(s)/guardian(s) are agreeable, they can submit the business idea in their names on your behalf. If selected, any one (1) parent/guardian(s) will also have to accompany you for the auditions and shoot.
When will the registrations open and what is the deadline to submit the registration form?
Promotions will be aired inviting all the viewers who have access to the website or the applications. They can go to our website or download our App and register for the show. Please note, CMEPL (Culver Max Entertainment Private Limited (formerly known as Sony Pictures Networks India Private Limited)) has the right to change the timelines as per its convenience.
How will I know that I am selected?
CMEPL will go through the forms in detail and shortlist participants. If you are selected for the next round, you will receive a formal communication from CMEPL via the contact details (email ID/phone number) shared by you. Also note, that sometimes your selection e-mail may drop into the “spam/trash” section of the mailbox. Therefore, we request you to keep checking your “spam/trash” folder as well. Please keep a watch out for emails from Sony LIV.
What documents will I be required to submit during the application process?
During the different phases of the audition, you will be required to submit the following documents & videos as instructed –
For Phase 01
· Images of the product, if any
· Safety testing certificate (only valid for prototype and trading stage)
For Phase 02
· Prototype/product demonstration video (only valid for prototype and trading stage)
· Pitch video
· Written business plan (if you have any)
· Proofs of identity required during the KYC verification
For later stages
· Company registration documents
· Documents regarding financing (from investors, banks, etc.), if any
· Company financial documents (such as ITR, etc.)
· Any trademark and intellectual property certificates
Is there an application fee?
No, applying for Shark Tank India is free of cost; only data charges apply.
Can I apply if my business is not profitable yet?
Yes, startups with a viable model are eligible even if they aren’t profitable yet.
Do I need a prototype?
While not mandatory, having a prototype can strengthen your pitch if relevant.
Do I need to have a running/functional business to apply in Shark Tank India?
No. You can apply even if you just have a business idea. Participants at all stages of business can apply to Shark Tank India.
If I have multiple business ideas to submit, can I apply multiple times?
One mobile number can be used to fill out a single application form only. If you have multiple business ideas, you can submit them through different mobile numbers registered in your name.
I have made some errors in the form but I have accidentally submitted it. How do I rectify this?
Option A – The best solution would be to re-apply with a new mobile number (a number can be used once only).
Option B – You can also write to us at livsupport@sonyliv.com. We will try to address your query to the best of our abilities, but this is not a guaranteed method.