Shark Tank India | What Can Students Learn From This Show?
Question : What is Shark Tank India?
Answer : Shark Tank India is a non-fictional show which is telecasted on Sony Tv wherein Sharks (Judges) listens to the pitch of the business entities, evaluate the potential of their business, see their perseverance, confidence and scalability of their business and offers entrepreneurs the demanded funds, if deserve.
Since Shark Tank India has been aired, it has managed to have a special place in the hearts of Indian viewers. It would not be unfair to say that it has emerged as one of the best shows of Indian history which is being watched by millions everyday. This show is based on an American Series which has had 13 season since its inception in 2009.
What Can Students Learn From Shark Tank India?
Throughout the season 1, many business terms were used by the Sharks which can be learnt by students especially the commerce students. Let’s go through some of them one by one.
D2C (Direct To Customer)
Direct-To-Consumer, or D2C, refers to the direct supply of services and products to consumers. This is usually done through online sales and platforms like Amazon, Flipkart, Zomato, Swiggy etc.
B2B (Business to Business)
B2B is a type of transaction where businesses trade with each other. For example, one business might sell products to another business. This is different from that of B2C (Business to Consumer) where a company sells directly to an individual consumer.
B2C (Business to Consumer)
Business-to-consumer (B2C) refers to selling of products and services directly between a business and the people who use those products or services.
HORECA (Hotel Restaurant or Cafe)
This is one of the most frequently term used by the Sharks of Shark Tank India especially by Mr. Ashneer Grover (Co-Founder of Bharat Pe). The term is a shortened word for the words Hotel/Restaurant/Café. The term is used frequently in many countries specially for the business which are associated Hotel, Restaurants or Cafe.
SAFE Note (Simple Agreement for Future Equity)
SAFE (Note) is a type of security that gives investors the right to buy shares of a company’s stock at a later time, depending on certain events. For example, if the company gets more funding in the future, the SAFE holders will have the right to buy shares at that new price.
EBITDA
EBITDA stands for “Earnings Before Interest, Taxes, Depreciation, and Amortization.” It is a metric used to measure how well a company is doing by looking at its income before those things happen.
Revenue Run Rate
Revenue run rate is a way to predict how much money a company will earn in the next year. This is done by looking at how much money the company has earned in the past year. This can help investors understand what the company’s future plans are and make a more informed decision.
Valuation
The valuation of a business is the process of figuring out how much the company is worth. This includes looking at things like how much the company could sell for, how much the company is worth to partners, and how much the company would be taxed if it was sold.
Supply Chain
The supply chain includes the different steps and procedures it takes to get a product or service to a customer. In business, the term “supply chain” refers to the system of people, organisations, activities, information, and resources that are involved in supplying a product or service to a customer.
Equity
Equity is one of the most important terms used by the judges on Shark Tank India. In finance, equity means that you own something and you have less debts or liabilities for it. You know this by subtracting the liabilities from the value of the assets.
Turnover
Turnover is the total amount of sales a company makes over a period of time. This is different from profit because it doesn’t take expenses into account.
Royalty
Royalties are payments made to someone who owns a product or property so that someone else can use or sell it. This could be in the form of a patent, copyright, or trademark.
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What i learnt
1) Ideas that target some problem
2) target population
3) define organization and designation and not many partners
4) business model
5) donot do so many things at one time.. focus on one.. build brand
6) revenue model
7) do thorough home work