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‘Bleeding in the tank’: Harsh Goenka ‘exposes’ Shark Tank India judges, shares losses of their companies

While Sugar Cosmetics, founded by Vineeta Singh, reported a loss of Rs 68 crore in FY24, boAt, led by Aman Gupta, incurred a loss of Rs 54 crore.

Sugar Cosmetics, founded by Vineeta Singh, reported a loss of Rs 68 crore (Image source: @shark.india/Instagram)Sugar Cosmetics, founded by Vineeta Singh, reported a loss of Rs 68 crore (Image source: @shark.india/Instagram)

Shark Tank India Season 4 is generating quite a lot of buzz on social media. Industrialist Harsh Goenka, who earlier shared his love for the start-up reality show, “exposed” the “sharks” in his recent X post. The chairman of RPG Group shared the FY24 profit after-tax data displaying the profits and losses of the companies run by the sharks.

Sugar Cosmetics, founded by Vineeta Singh, reported a loss of Rs 68 crore, while boAt, led by Aman Gupta, incurred a loss of Rs 54 crore. Shaadi.com, under Anupam Mittal, faced a smaller loss of Rs 18 crore, and Lenskart, headed by Peeyush Bansal, recorded a loss of Rs 10 crore.

Varun Dua’s Acko General Insurance has emerged as the largest loss maker with losses of of Rs 456 crore. Close behind is Inshorts, owned by Azhar Iqbal, which faced a loss of Rs 228 crore. Oyo Rooms, led by Ritesh Agarwal, saw significant losses of Rs 184 crore (PBT before exceptional items).

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Sharing the data, Goenka wrote, “I still love watching #SharkTankIndia. But it seems some of our sharks are still navigating choppy waters. There’s more ‘bleeding’ in the tank than I thought!”

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The post has gone viral with over 2,71,000 views and several comments.

One X user said, “The way they all grill gives an impression as if they are the most profitable companies of this country.”

Another user commented, “I still not able to understand that sharks expect pitchers that their business should be profit making, and their own companies are struggling since long to make profits.”

“It is a reality show for fun, not a business show,” a third user said.

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