Ritesh Agarwal and OYO Enter Shark Tank 3 India - Here's What You Need to Know

By Ritwik Ghosh,Kolkata India


Ritesh Agarwal, the founder and CEO of the renowned hotel chain OYO, has recently joined the esteemed TV show Shark Tank India as a shark for its upcoming season.

This significant announcement was made by Ritesh Agarwal on X (formerly known as Twitter) @sharktankindia, where he expressed his excitement to be a part of Season 3 and contribute to the support and growth of emerging entrepreneurs from all corners of India.

 In Season 3 of Shark Tank India, Ritesh Agarwal will be joining other esteemed sharks such as Peyush Bansal of Lenskart, Anupam Mittal of People Group, Namita Thapar of Emcure, and Vineeta Singh of Sugar Cosmetics. Together, they will evaluate and provide valuable insights to the aspiring entrepreneurs who present their business ideas on the show. The dates for the airing of Season 3 of Shark Tank India on Sony Entertainment Television, the platform that hosts this reality show, are yet to be announced. Agarwal, who has been leading OYO for approximately ten years, is not only a prominent figure in the startup ecosystem but also a notable angel investor. Additionally, he manages a family office called Aroa Ventures.

Shark Tank India has garnered significant popularity since its inception in 2021. To the delight of its viewers, the show is soon set to grace their television screens with its highly anticipated third season. Currently, the team has commenced shooting for this new installment. Shark Tank India is a business reality television series that is broadcasted on Sony Entertainment Television. Serving as an Indian adaptation of the renowned American show Shark Tank, it showcases entrepreneurs presenting their business proposals to a panel of investors, known as sharks. These sharks then evaluate the ventures and determine whether or not to invest in them. The inaugural season of Shark Tank India premiered on December 20, 2021, and concluded on February 4, 2022. Subsequently, the second season aired from January 2 to March 10 of this year. In June of the current year, registration for the third season was opened. Aspiring entrepreneurs were required to complete an online application on the Sony Liv App, providing a comprehensive description of their business idea, highlighting its distinctiveness and potential. Eligibility criteria mandated that applicants must be Indian citizens and at least 18 years of age. The application process involved several subsequent stages, including the submission of a video pitch, ultimately leading to qualification for a series of rounds before being selected for the show. It is important to note that investment offers would solely be based on the final pitch presented by the entrepreneurs.

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