Shark Tank India 3: Namita Thapar Explains Why Most Deals Don¡¯t Materialize Post-Show
Ever since Shark Tank made a debut in India, people have been hooked on to it.?
Presently, the third season is underway. Every year once a season concludes, there¡¯s backlash about how some promised deals don¡¯t reach fruition. Many startup founders express disappointment about not receiving funding.?
There¡¯s always two sides to every story, right? Namita Thapar, one of the judges on Shark Tank India, recently revealed why many deals don¡¯t get materialized post the show.?
Namita Reveals That Several Founders 'Ghost' The Sharks Post The Show
In an interview with YouTube channel Finance With Sharan, Thapar mentioned that during the "due diligence" process, they often encounter? "lack of integrity" from founders who may unexpectedly cut off communication with investors after their deal is publicized on television, a phenomenon colloquially known as "ghosting."
Namita then went on to explain that the audience is often left ¡°clueless¡± about what happens beyond the tank and shared that they must know why a lot of deals don¡¯t go through.?
¡°A lot of people are very clueless when it comes to the count of investments because what they don¡¯t realise is when we start doing our due diligence, there are multiple things that¡ there¡¯s literally a lack of integrity on the part of founders. There are many founders who have ghosted me. There are many founders who, when we do the due diligence, the numbers they quoted at the tank, they are completely off, not just marginally but substantially off,¡± she said.
Namita Thapar also noted that in many instances, business owners disclose later in the process that they have multiple companies and are not willing to consolidate them for the deal to proceed.
¡°So what people don¡¯t realise is, that they see us giving these offers and then they say ¡®you did not do the deal¡¯ but what they don¡¯t realise is that there is a lot of integrity issues, which is why the count goes down substantially. I think this is one thing that whoever is following Shark Tank must be aware of, that there is a margin between what¡¯s revealed at the tank vs what really comes out in the due diligence,¡± she added.
Inside Namita Thapar's Massive Rs 600 Crore Net Worth?
As per media reports, Namita Thapar boasts an impressive net worth of Rs 600 crore, mainly attributed to her role as the Executive Director of Emcure Pharmaceuticals.?
?Namita Thapar completed her MBA in India before moving to the United States, where she worked as the Business Finance head at Guidant Corporation, a medical device company.After returning to India, Namita assumed the position of CFO at Emcure Pharmaceuticals and quickly rose to become the Executive Director.?
The company, founded by her father Satish Mehta, now has him serving as the CEO and Managing Director.Apart from her responsibilities at Emcure, Namita Thapar also heads Incredible Ventures Ltd, an education company. She has been a consistent presence on Shark Tank India since its inception, charging Rs 8 lakh per episode for season 1 and investing nearly Rs 10 crore in 25 featured companies on the show. Noteworthy investments include Bummer, Altor (a smart helmet company), InACan (a cocktail company), and Wakao Foods (a ready-to-cook food manufacturer).
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