One of the most watched television programmes right now is Shark Tank India, where many up-and-coming business owners have entered the market. This is the venue where people can present their businesses and ideas to some of the nation’s most successful entrepreneurs.
Aman Gupta, Anupam Chopra, and Ashneer Grover are a few of the most well-known figures in reality television at the moment. The audience has adored this show because it teaches them what it takes to start a profitable business, particularly in a large nation like India, and how to build a successful brand in the future.
Many of the nation’s up-and-coming entrepreneurs have made some very impressive pitches, but one in particular caught the public’s attention. The business was in the bat-making industry and was called Tramboo Sports. The individuals who presented their ideas in the episode were Hamad Tramboo and Sad.
Shark Tank India lawsuit:
Additionally, the company secured a 30 lakh deal for 4% equity from Aman Gupta, the founder of BOAT, and Piyush Bansal, the founder of Lenskart. They approved the deal because it provided a significant evaluation for the future.
Following the show, Sony Television was sued by the Cricket Bat Manufacturers Association of Kashmir (CBMAK) for disseminating misleading information about the programme. The two business owners had stated that they were the only ones producing Kashmir Willow bats.
Official statement:
The CBMAK did not take this lightly, and for spreading false information, they filed a Rs. 100 cr lawsuit against the entrepreneurs and Sony Television. “We will not anybody discredit Kashmiri bat makers, misinformation, and discrediting of the hard work and dedication of the bat manufacturers,” continued one of the spokespeople when explaining the lawsuit’s justification.
This is a terrible impression for both the television network, which was already a widely watched global reality show, and the company that made the pitch. One of the biggest obstacles the show will likely encounter is this lawsuit.
We hope that these accusations are investigated and that the public is given access to a programme that provides them with the best advice possible on how to succeed in the business world. Although Shark Tank appeared to have a bright future, the CBMAK’s lawsuit could cause major issues for all the organisations that aired that episode.
So, this was all about the lawsuit on Shark Tank India. Also read, Player Virat Kohli breaks long-term deal with famous brand?
