Anupam Mittal, the founder of Shaadi.com and People Group, recently opened up about his experience as one of the investors on ‘Shark Tank India’.
Season one of the show, in which entrepreneurs make business presentations to a panel of ‘sharks’ to get them to invest in their company, amassed a huge following throughout its run. The reality television series is based on the critically acclaimed and multi-Emmy Award-winning American show ‘Shark Tank‘, which has run through 13 seasons so far.
In an interview with comedians Rohan Joshi and Tanmay Bhat on the former’s YouTube channel, Mittal reflected on his time on the show and said he regretted some of the investments he made out of FOMO (fear of missing out). He had earlier said he invested a total of Rs 5.4 crore across 16 deals during the run of the season.
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Mittal said, “I did not go into the show thinking that I will put in money Rs 10 crore or Rs 20 crore in this or that idea. But my problem is I got caught in FOMO (fear of missing out). And in Shark Tank, there are your fellow investors, it’s a high-stress situation and a competitive spirit. The logic goes out of the window. You’re not thinking straight anymore.”
“The only way it gets exciting is when you invest money. So in that pursuit of excitement and getting caught up in FOMO I ended up making several deals I shouldn’t have,” he continued.
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“My deal flow is very strong, in terms of number of deals and even quality of deals. You know, I am talking to some of the top entrepreneurs, and my problem is I don’t have enough time and capital to be able to deploy in everything I think is great,” Mittal added.
Along with Mittal, the other sharks in the Indian version of the entrepreneurship-based show were Vineeta Singh of Sugar, Peyush Bansal of Lenskart, Namita Thapar of Emcure, Aman Gupta of boAt, Ashneer Grover of BharatPe, and Ghazal Alagh of Mamaearth.
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The first season of the show concluded early in February, with a special episode airing on February 11, on SonyLiv.