Shark Tank India’s Anupam Mittal regrets making offers out of FOMO: ‘The logic goes out of the window’

The reputation of Sony’s actuality tv collection Shark Tank India refuses to die down although the present’s first season ended early this month. The motive isn’t just the format, which is novel to Indian audiences, but in addition the fascinating and vibrant personalities of the ‘sharks’ or buyers.

Shark Tank India options entrepreneur pitching and presenting their enterprise concepts to a panel of seven buyers. Depending on the success of the pitch, the sharks put money into the businesses, both by partnering up, or by beating the opposite out.

Anupam Mittal, the founder and CEO of Shaadi.com and People Group, was featured as one of many ‘sharks’. He just lately revealed that when he joined the present, his intention was to speculate as little cash as potential.

He advised comedians Rohan Joshi and Tanmay Bhat on the previous’s YouTube channel, “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.”

He admitted that he didn’t find out about Shark Tank’s course of and the sort of offers that got here his manner. “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.”

He added, “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.”