Shark Tank India judge Aman Gupta’s Rs 20 lakh investment in ice popsicle firm Skippi has made an astounding 2,900% return in just two years, turning it into Rs 6 million. Aman Gupta paid Rs 1 crore for a 15% interest in the firm in December 2021, along with four other sharks, in the inaugural season of the reality TV show.
At the ET Now Global Business Summit 2024, Aman Gupta mentioned in an interview with Sanjeev Bikhchandani of Info Edge that he made about 20 investments in the first season, totaling about Rs 6 crore.
“Skippi is where I deposited Rs 20 lakh, and I’m just going out for Rs 6 crore. Thus, only one business is returning all of the others to me,” Gupta stated, outlining the high-risk, high-reward aspect of investing in startups.
How Aman Gupta Makes Rs 5.8 Crore Profit
In addition to receiving money and support from the sharks, Skippi also profited from the exposure the brand received. After a 100-fold increase in sales, the company now hopes to generate Rs 100 crore in revenue in FY25.
According to a previous article by ET, the ice pop firm is profitable and projects its revenue to reach Rs 70 crore by the end of FY24.
The owner of the consumer electronics company Boat, Gupta, recalls a time two years ago when he was dependent on his wife’s income and had no money to invest.
He claimed that while seated next to other investment gurus like Anupam Mittal and Namita Thapar, he picked up valuable investing advice. “They have invested their entire lives. I no longer make investments outside of Shark Tank since I learned so much there, Gupta claimed.
In FY23, Boat, a D2C audio and wearables firm, recorded sales of Rs 4,000 crore. The company had previously submitted a draft red herring prospectus (DRHP) for a Rs 2,000-crore initial public offering (IPO) to the market regulator Securities Exchange Board of India (Sebi). However, the company proactively withdrew the DRHP.
Subsequently, Gupta stated that they were considering an IPO within the FY25–FY26 timeframe and were not in a rush to pursue a listing.
In conclusion, the success stories of Skippi and Boat exemplify the transformative power of Shark Tank India not only in terms of financial backing but also through the invaluable exposure it provides to budding entrepreneurs. Skippi, having received support and investment from the sharks, witnessed an extraordinary 100-fold increase in sales and now aspires to generate Rs 100 crore in revenue in FY25.
Boat, under the guidance of Gupta, experienced substantial growth, recording sales of Rs 4,000 crore in FY23 and contemplating an IPO in the FY25–FY26 timeframe.
The impact of Shark Tank India goes beyond mere financial contributions, as entrepreneurs like Gupta acknowledge the significant learning experiences gained from seasoned investors. As these success stories unfold, they not only underline the entrepreneurial spirit but also highlight the potential for sustained growth and innovation fostered by platforms like Shark Tank India.