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বাংলা
Dhaka Tribune

Shark Tank Bangladesh begins its journey

Shark Tank allows entrepreneurs to pitch their business idea to a panel of investors, who can offer the entrepreneurs cash for a deal if they like the opportunity

Update : 10 Feb 2024, 06:20 PM

The global phenomenon show “Shark Tank” has finally started its journey in Bangladesh as "Shark Tank Bangladesh" as Bangladesh's top OTT platform, Bongo, signed a deal with Sony Pictures Entertainment to bring the world’s number-one business show to Bangladesh.

Shark Tank allows entrepreneurs to pitch their business idea to a panel of investors, known as “Sharks”, who can offer the entrepreneurs cash for a deal if they like the opportunity.

Whether it is a prototype of a new product, an existing product or service, or a company looking for a financial injection to grow, the entrepreneurs have to convince the five "Sharks" to invest in their idea and help turn their life's work into a household name.

Since launching in 2001 as “Money Tigers” on Nippon TV in Japan, the format has become a phenomenal worldwide success.

It is produced in territories on every continent under a variety of names including “Dragon’s Den”, “Lion’s Den,” and now “Shark Tank.”

The format has seen Dragons, Lions, and Sharks, all hugely successful entrepreneurs themselves, invest nearly $1 billion through all versions of the franchise across the globe, enabling dozens of companies to grow significantly.

Entrepreneurs who have been on-boarded into the “Shark” ecosystem have seen massive growth and generated billions of dollars in sales after receiving deals and being featured on the show.

Shooting for the much-anticipated show is scheduled to kick off on Monday (February 12), after having screened more than 2,000 companies to select the best businesses.

Producers from Sony, Arch Dyson, and Kevin Hyland, who have helped supervise and produce versions of the show around the world, will be present in Dhaka to unveil the Sharks and oversee the first few days of the shoot.

After a long wait, the panel of Bangladeshi Sharks is ready to be unveiled.

The investors, aka Sharks, are all business leaders in their own right and are excited to hear the pitches from the innovative Bengali entrepreneurs including Sami Ahmed of Startup Bangladesh, Nazim Farhan Chowdhury of Adcomm, Golam Murshed of Majesto Ltd, Kazi Mahbub Hassan of R Ventures, Samanzar Khan of AKS Khan Holdings, Fahim Mashroor of Bdjobs, and Ahmed Ali of TISTA.

Robi is the title sponsor, Startup Bangladesh is "Powered By Sponsor," Tally is the co-sponsor, Prime Bank is the banking partner, Olympic Foodie Instant Noodles is the snacks partner, Sunquick is the beverage partner, Yellow by Beximco is the wardrobe partner,  Kloth Studio is the style partner, Holiday Inn is the hospitality partner, Inn Star is the pre-pitch interview room partner, Euro Vigil Security Services is the security partner, Raw Exposure is the photography partner, Live2Web is the backstory partner, Chows is the restaurant partner,Miniso is the gift partner and Concito is the PR partner of Shark Tank Bangladesh Season 1.

Deepto TV will broadcast the inaugural season of the show while it will be streamed on Bongo.

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