Over a year following the inaugural season of the Indian edition of Shark Tank, the seven esteemed investors made good on less than half of their investment pledges, according to a new analysis, the latest in a series of criticisms for the show.
The “sharks” overall invested in only 27 of the 65 investment pledges shown on the TV show, market intelligence firm PrivateCircle said. The sharks committed $4.87 million to the startups, but had only invested about $2 million as of last week, PrivateCircle said. The firm reached its conclusion by combing through corporate filings, it said. The analysis didn’t include debt investments.
The outlook appears even more precarious for the second season of Shark Tank India, which concluded in March of this current year. Despite the panel of sharks promising 115 deals, only a single investment has been disclosed to the local ministry.
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