The second season of Shark Tank India started on January 2 and has already attracted criticism for the judges not investing in makeup company Recode Studios. Namita Thapar, one of the judges, responded to accusations of not investing in Vineeta Singh’s rival business Sugar on social media.
Taking to Twitter, Namita wrote, “Being a shark doesn’t mean we are not entitled to our independent values & speaking candidly so if I don’t invest in a fellow sharks competition, that’s me, no regrets & if I call out toxicity & don’t join the ignorant that celebrate people w lack of integrity.. that’s me :).”
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At the beginning of the second season, the sharks were very impressed by the presentation of a makeup brand.However, they declined the offer due to the fact that it was a rival of Vineeta Singh’s Sugar Cosmetics.
“Shark Tank India Season 2 made it clear that it is a friendship club of rich people sitting there to demotivate hard-working individual businesses who make ‘profits’. Utterly ridiculous, never saw anything of this sort happening in the US Version ever,” a user wrote on Twitter Another user wrote, ”@amangupta0303 and @namitathapar gave a pathetic excuse for not investing in Recode Show name must be friendship tank of India not Shark tank India Promoting monopoly in the name of friendship.”
Shark Tank India, based on the popular US concept of the show of the same name, premiered its first season in December 2020. Along with the female entrepreneurs Namita and Vineeta, season one also featured Aman Gupta, Anupam Mittal, and the new shark on the panel, Amit Jain.