Shark Tank India: Anupam Mittal’s shocking claim on why 90% of finalised deals fall apart
5 days, 23 hours ago

Shark Tank India: Anupam Mittal’s shocking claim on why 90% of finalised deals fall apart

Live Mint  

Ahead of Shark Tank Season 4, Anupam Mittal and Vineeta Singh have pointed issues with founders who come on the show to pitch their business. While speaking to Humans of Bombay, Anupam pointed out that a significant number of deals discussed on Shark Tank never actually come to reality as 90 per cent of the time, founders either back out or attempt to renegotiate the terms of the deal. Though Vineeta Singh did point out that offers made on the show might not always be favourable to founders, she added that one benefit the founders get is that in just one hour, they secure a deal which might otherwise take four to six weeks outside the show with angel investors. Mittal told Humans of Bombay, “A good percentage of the companies don’t get funded, and the reason is that 90 per cent of the time, founders back out or they want to change the structure of the deal.” He said, “It’s a big no-no for me.

History of this topic

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1 year, 11 months ago
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1 year, 11 months ago
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2 years, 1 month ago
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2 years, 8 months ago
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2 years, 10 months ago
Anupam reveals he invested Rs. 5.4 crore on Shark Tank India's entrepreneurs
2 years, 10 months ago
Anupam admits his ego was hurt when Ashneer undermined him on Shark Tank
2 years, 10 months ago
Anupam Mittal says they keep telling Sony ‘humari dihadi badhao’ for Shark Tank
2 years, 10 months ago
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