Shark Tank India’s Ashneer Grover says he ‘didn’t make any money’ from the show, denies reports he was paid Rs 10 lakh per episode (2024)

Shark Tank India’s Ashneer Grover says he ‘didn’t make any money’ from the show, denies reports he was paid Rs 10 lakh per episode (1)Ashneer Grover appeared as one of the 'sharks' on Shark Tank India. (Photo: Sony Entertainment Television/Instagram)

Ashneer Grover said that he ‘coincidentally became famous’ because of Shark Tank India, and admitted that all the judges who appeared on the reality show accepted the job because they wanted some level of popularity.

Ashneer delivered a lecture at Lovely Professional University recently, and spoke about his experience on the show, and recalled some stories about his career as an entrepreneur.The BharatPe co-founder revealed that nobody made any money on the show, and had all committed to a number that they would all invest prior to signing on.

“None of us went with the intention of making money,” he said. “Let me tell you the truth, none of us made any money from the show. Some people said that we made Rs 10 lakh per episode, but I’d have been happy with even Rs 5 lakh. The concept of the show is very simple; they believe we have money, and they felt that we all have high-value startups, we’d be able to invest some money on the show. So, they asked us to commit to spending Rs 10 crore each on the show. We said okay. We weren’t paid anything for any episode; in fact, we worked like bonded labour for hours and hours.”

About his co-judges on the show, Ashneer said in Hindi, “I knew Anupam from before. I’d pitched him an idea once, and in the month that he took to get back to me, I accepted somebody else’s investment, so I ended up saying no to him. Vineeta was my junior in IIM; we never spoke but had exchanged flirtatious glances. She was one of those ‘hot juniors’. Aman is a great guy, our ‘auditions’ for the show were held together at my place. Peyush everybody knew from Lenskart, and Namita I met for the first time on the show.”

In addition to seeking fame, Ashneer said that the reason they agreed to doing the show was because they felt that this would be a great way to spend weekends, and thirdly, they believed that it might shine a light on startup culture in the country.

Shark Tank India’s Ashneer Grover says he ‘didn’t make any money’ from the show, denies reports he was paid Rs 10 lakh per episode (6)

Shark Tank India became a runaway hit after premiering on Sony Entertainment Television last year. A second season has been announced.

Shark Tank India’s Ashneer Grover says he ‘didn’t make any money’ from the show, denies reports he was paid Rs 10 lakh per episode (2024)

FAQs

Why did Ashneer Grover drop from Shark Tank? ›

Ashneer Grover was one of the judges on the first season of Shark Tank India but was dropped after his fallout with his former company BharatPe. His usage of the word “Doglapan”- which means duplicity or fake- also became very popular which made the entrepreneur write a book titled Doglapan.

Who is the richest shark in Shark Tank India? ›

From being the richest shark to having a whopping net-worth of approximately Rs 16000 crores: Lesser known facts about Shark Tank India 3's Ritesh Agarwal.

What is the most successful Shark Tank rejects? ›

'Shark Tank' Rejects That Became Super Successful
  • ©Ring Video Doorbell. Ring. ...
  • Copa di Vino. ...
  • Sheila Fitzgerald / Shutterstock.com. ...
  • Hammer & Nails - Hand & Foot Grooming Shop / Yelper. ...
  • ©BedJet. ...
  • ©Xero Shoes. ...
  • The Lip Bar / Facebook. ...
  • Chris Hollo / Big Shake's Hot Chicken and Fish.
May 15, 2023

Do sharks get paid to be on Shark Tank? ›

The Sharks, or investors, are compensated for their time on the show, but the money they invest in businesses is their own. If none of the Sharks choose to invest in an entrepreneur's business, the entrepreneur leaves the show empty-handed.

How rich is Ashneer Grover? ›

Reports indicate that Ashneer Grover's net worth has steadily increased over the years, reaching $95 million in 2022. Several reports suggest that Ashneer Grover's net worth in 2024 has reached $107 million.

Who is replacing Ashneer Grover in Shark Tank? ›

Amit Jain, who replaced Ashneer Grover in the new season of Shark Tank India, is the CEO of the online venture CarDekho.

Is Namita Thapar a billionaire? ›

Namita's Net Worth

With a net worth of Rs 600 crores, Namita is one of the wealthiest judges on Shark Tank. Most of her net worth derives from her income as the Executive Director of Emcure Pharmaceuticals.

Who has the lowest net worth on Shark Tank India? ›

  • Buzz on Web. ...
  • The Wealth Of Sharks. ...
  • On the other hand, Edelweiss mutual fund CEO Radhika Gupta has the lowest reported net worth among the 12 sharks - Rs 41 crore. ...
  • The Other Sharks.

Is Anupam Mittal a billionaire? ›

As of 2024, Anupam Mittal, an Indian entrepreneur and angel investor, is estimated to have a net worth of Rs. 185 Crores. His wealth accumulation stems from prosperous business endeavors, shrewd investments, and appearances on television.

Who turned down $30 million on Shark Tank? ›

Hanalei Swan, an 11-year-old prodigy, is one such remarkable individual who made headlines by turning down a staggering $30,000,000 investment offer on the hit TV show, Shark Tank. Hanalei's journey and her audacious decision to walk away from such a lucrative deal serve as an enduring source of inspiration.

How did Lori Greiner get rich? ›

In the mid-1990s, she invented a plastic earring organizer, patented it and launched her first company. The earring organizer was an immediate hit at JCPenney, which allowed Greiner to expand her business into other product categories, such as travel, electronics and household items.

Who is the most unsuccessful shark on Shark Tank? ›

While all the Sharks have their own successful pursuits, Mark Cuban is by far the richest Shark, with a net worth of $6.2 billion under his belt as of 2023. Cuban, who owns the Dallas Mavericks, has announced he plans to leave the show after season 16, presumably to focus on his newest venture, Cost Plus Drugs.

Who is Lori Greiner husband? ›

She is married to Dan Greiner.

Does Mark Cuban get paid for Shark Tank? ›

Originally Answered: How much money does mark Cuban earn per episode of shark tank? According to this story on the Sony hack , Mark Cuban was offered $30 000 in Season 5, $31 200 in Season 6 and $32 484 in Season 7. Presuming that he didn't renegotiate the deal, he was offered a 4% raise with every season.

Who owns Shark Tank now? ›

Disclosure: CNBC owns the exclusive off-network cable rights to “Shark Tank.”

What happened to Ashneer in Shark Tank India? ›

Ashneer, who became very popular after the first season of Shark Tank of India, wasn't a part of season 2 and that came out as a big shock to the audience. In one of his earlier interviews, Ashneer revealed that once he got to know that he isn't a part of the show anymore, he unfollowed all the other sharks.

What is the controversy in Shark Tank India? ›

In a recent episode of 'Shark Tank India', Anupam Mittal, known for his candid remarks, sparked controversy with his criticism of a young entrepreneur, Ha Tade, during a pitch session. Ha Tade, along with Siddharth Madhav, presented their innovative petrol detector and meter product, FuelV, seeking investment.

Who is the richest shark in Shark Tank India Season 3? ›

Shark Tank India 3: Check out the net worth of all the eight judges of the show
  • Ritesh Agarwal - Rs 16,000 crore. ...
  • Amit Jain – Rs 3,000 crore. ...
  • Deepinder Goyal – Rs 2,030 crore. ...
  • Aman Gupta - Rs 700 crore. ...
  • Peyush Bansal - Rs 600 crore. ...
  • Namita Thapar - Rs 600 crore. ...
  • Vineeta Singh - Rs 300 crore. ...
  • Anupam Mittal - Rs 185 crore.
Mar 25, 2024

How rich is Anupam Mittal? ›

As of 2024, Anupam Mittal, an Indian entrepreneur and angel investor, is estimated to have a net worth of Rs. 185 Crores. His wealth accumulation stems from prosperous business endeavors, shrewd investments, and appearances on television.

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