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Are Shark Tank India Judges Actually Running In Losses? Here’s The Real Truth

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Shark Tank judges losses

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Shark Tank judges losses

The second season of Shark Tank India has been winning hearts very much like season 1. Fans were brimming with excitement for season 2 to air, though they were a bit disappointed initially as Ashneer Grover, the BharatPe founder, was not included in the panel of judges. Now, the thing everyone is talking about is the current financial status of its judges and their companies. Are the companies of the Shark Tank judges really running in losses?

Who initiated the conversation?

Everything started when Harsh Vardhan Goenka, who is the chairperson of the Indian RPG Group conglomerate which is worth $3.80 billion worth, took to Twitter to share his views on the current financial status of the “Sharks”.

After posting a screenshot of the Financial Year 2022 earnings of the companies headed by the Shark Tank India judges, ending March 2022, Goenka added that it reminded him of the movie Jaws. He even went ahead and commented “bleeding” sharks mockingly.

harsh goenka takes a dig at shark tank judges
huffingtonpost

What did Harsh Goenka’s numbers say?

According to Harsh Goenka’s tweet which went viral, all the sharks are drowning in losses except for Aman Gupta. It shows that only Aman Gupta’s, boAt, seems to be reporting a positive figure of Rs 79 crore while the rest are marked in negative and red.

The other companies which include Amit Jain’s CarDekho, Anupam Mittal’s Shaadi.com, Peyush Bansal’s Lenskart, and Vineeta Singh’s SUGAR Cosmetics, are all running in losses. Emcure Pharma’s numbers, headed by Namita Thapar, were not included as it is not a startup like the other companies.

But Goenka never mentioned where he sourced these stats from.

Harsh Goenka Shark Losses
Harsh Goenka/Twitter

Are Goenka’s numbers even correct? What is the source of these pieces of information?

The Shaadi.com founder, Anupam Mittal, who has appeared in both seasons of Shark Tank India as a “Shark” has jibed back to the tweet on January 24, 2023, adding that Goenka’s data appears to be “superficial, biased and incomplete”. However, Mittal didn’t share any new numbers to contradict Goenka’s numbers.

Mittal said,

I know you meant it in jest so with all due respect sir, I think u reacted to what appears to be superficial, biased & incomplete data. Happy to learn from stalwarts, but just to clarify, like u, the sharks 🦈 don’t bleed red, we bleed blue 🇮🇳 & that’s why we do what we do 🤗

The exact statistics behind Shaadi.com’s 2022 financial year records are yet to be precisely determined as Shaadi.com has not revealed its financial year numbers ever since FY20, ending March 2020.

anupam mittal running in loss
economictimes

Reportedly, Mittal has asserted that the company is profitable indeed and will be IPO-ready in about 12 months. But it faces neck-to-neck competition from other matrimonial sites namely Bharat Matrimony and Jeevansaathi.com, both of which have already gone public.

Peyush Bansal and Lenskart

The popular eyewear company Lenskart, founded by Peyush, has been having an impressive promotional run these days with its humourous commercials featuring Peyush Bansal as well as film director Karan Johar. Entrackr, a startup information portal, and tracker does state in a report dated November 10, 2022, that Lenskart has indeed run into losses in FY2022, ending March 2022. According to Entrackr’s report, the company has seen a spike of over 72% in the total cost, which has led to a loss of Rs 102 crore in FY22.

Vineeta Singh and SUGAR Cosmetics

Vineeta Singh, the founder and CEO of the popular makeup brand SUGAR, has been unfortunately facing a long streak of losses every fiscal year. In FY21, SUGAR has reportedly faced losses of over Rs 21.1 crore, which surprisingly jumped by 255% to a loss of Rs 75 crore in FY22.

Amit Jain, the founder of Cardekho.com, is one of the new judges in season 2. The FY22 numbers of the car search and purchase platform’s own website have been actually pretty impressive. According to a report by Business Insider, the company has seen 81 percent growth in its consolidated revenue from operations.

amit jain cardekho
South China Morning Post

So is it true?

Although with different statistics, Goenka’s assertions hold true. While Aman Gupta is still making profits with his company boAt’s, the others have indeed faced losses.



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Arvind Kejriwal Reacts After Men Rob Car At Gunpoint Inside Delhi’s Pragati Maidan Tunnel

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men robbed in Pragati Maidan tunnel

Daylight robbery is not quite usual but it does not strike out the fact that it is highly possible. Many a time cases as such have surfaced online where normal people were robbed in broad daylight. Recently, the passengers in a taxi got robbed inside the Pragati Maidan tunnel in Delhi on Saturday afternoon.

Four men rob taxi passengers at gunpoint in broad daylight and here is what Delhi Police have to say

On Saturday, a delivery agent and his associate were robbed at gunpoint by a group of unknown assailants, stealing around Rs 1.5 to Rs 2 lakh cash from them. In spite of having 16 security guards in the Pragati Tunnel, there were no CCTV cameras installed. Although the Public Works Department assured that cameras are installed, they did not confirm their operational conditions.

two men robbed in Delhi near pragati tunnel
ndtvindia

The victims made a complaint at Tilak Marg police station later in the evening. The Pragati tunnel is a 1.5 km tunnel that connects New Delhi with Sarai Kale Khan and Noida. The police said that following the complaint made by the victims, a case has been filed under Sections 397 IPC which covers robbery, or dacoity with an attempt to cause death or grievous hurt and 34 (common intention).

The Deputy Commissioner of Police, Pranav Tayal, has shared that the complainant can be identified as Patel Sajan Kumar and his associate Jigar Patel. Patel Sajan works as a delivery agent for a private firm in Chandni Chow and has informed the police that he and Jigar were going to Gurugram to deliver the cash to a client.

As per the registered complaint, the two of them hired an Ola cab from near Red Fort. As soon as the cab entered the Pragati Maidan tunnel from Ring Road, four assailants on two motorcycles surrounded their cab and robbed the cash off them keeping them at gunpoint.

delhi robbery near pragati tunnel
ndtvindia

While the police are looking into the matter, Delhi Chief Minister Arvind Kejriwal is not satisfied with the deterioration of public safety needs

As soon as the CCTV footage surfaced, Arvind Kejriwal lashed out at Lieutenant Governor Vinai Kumar Saxena and demanded his resignation from the post.

Kejriwal took to Twitter to share the footage and wrote,

“If Central govt is unable to make Delhi safe, hand it over to us. We will show u how to make a city safe for its citizens”

Delhi Minister Atishi also took to Twitter and slammed the incompetency of the Lieutenant Governor. She tweeted,



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Railway Responds After Rain Water Leaking From Train’s Roof In AC Coach Goes Viral

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water leak avantika express

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water leak avantika express

Coming across train service complaints on social media is nothing new. Very often than not we find passengers complaining about bland food or bugs in the cooked food provided to them. Quite recently someone took to Twitter regarding a complaint where they found plastic in the railway food. But the latest thing that happened has actually stunned everyone when a video of the roof of a passenger coach train surfaced online.

Indian Railways slammed over water leakage in AC coach

Netizens have harshly criticized the poor management and maintenance of the train coaches after a surprising video surfaced online. Recently, a video went viral on social media platforms in which it can be clearly seen rainwater seeping in through the roof of the 2-tier AC coach of the Avantika Express. The Congress party also reshared the video uploaded by a passenger and took to Twitter to play the blame game immediately.

rainwater leaking through AC coach Avantika express
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The tweet said,

“काश खोखले प्रचार की जगह रेलवे के लिए कुछ काम किया होता। झंडी दिखाने वाले रेल मंत्री अभी विदेश में हैं, नाम वाले रेल मंत्री ध्यान दें। (Wish some actual work would have been done for the Railways in place of empty propaganda. The railway minister who shows the flag is currently abroad, the named railway minister should pay attention)”

It was a jab at the Prime Minister, Narendra Modi, who recently flagged off 11 Vande Bharat Express, the Railways’ newest hi-tech train.

Railways response to the above-mentioned tweet

The Western Railway took to Twitter to respond to that tweet hours later and stated that all the coaches of the Avantika Express train were properly checked.

indian railways
railenquiry

The tweet read,

“All coaches of Avantika Exp have been checked thoroughly & issue has been attended to promptly. The train has commenced its return journey & there are no such issues now. Passenger convenience is of utmost priority & WR leaves no stone unturned to resolve passengers’ grievances”

Netizens have strongly reacted to this video

Many Twitter users have either chosen sarcasm or disappointing words to slam the Railways.

This is probably not the first time that something has happened as per the claims of this Twitter user,



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SRK Gives Best Reply To A Pregnant Woman Who Wants To Name Her Twins Pathaan And Jawan

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SRK i am pregnant with twin babies

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SRK i am pregnant with twin babies

On Sunday, Shah Rukh Khan aka the King Khan, completed 31 years in Bollywood industry. It was in 1992, when he made his debut in the industry with the movie Deewana opposite late actress Divya Bharti. As the fans celebrated the big day on social media with amazing messages and tributes for the actor, SRK also decided to celebrate the occasion with his fans in his own style.

Shah Rukh Khan completed 31 years in Bollywood

He took some time out of his busy schedule and held an #AskSRK session on Twitter. Starting the question and answer session on Twitter, SRK wrote:

“Wow just realised it’s 31 yrs to the day when Deewana hit the screens. It’s been quite a ride mostly a good one. Thanks all and we can do 31minutes of #AskSRK ??”

In no time, his Tweet was flooded with a variety of questions from fans for their favorite actor. SRK, who is known for his hilarious sense of humor, gave amazing replies to his fans with wit and humor.

shah rukh khan deewana
siasat

SRK celebrated the big occasion with the fans

While interacting with the fans, King Khan stumbled upon a question that was asked by a female fan, who is currently pregnant with twins. The fan came up with an epic Tweet for the Pathaan actor. She asked:

“sir i am pregnant with twin babies..wish me luck i will name them pathaan and jawan.”

SRK was quick to notice the Tweet and come up with a reply to it

He replied,

“All the best but please name them something better!!”

Besides all the funny and hilarious answers, SRK was also seen giving some serious answers. A fan asked him if he would do a movie like Swades again, a role that was loved by one and all

Talking about his work front, SRK made a comeback after a hiatus of 4 years with Siddharth Anand’s blockbuster action-thriller Pathaan, which hit the theatres in January this year. SRK will be next seen in the upcoming action-thriller Jawan, which will be released on September 7th.

Jawan is directed by South filmmaker Atlee. Produced under SRK’s Red Chillies Entertainment, the movie also stars Nayanthara and Vijay Sethupathi in lead roles.



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