New Delhi:- More than a year after the Indian version of Shark Tank's first season, the latest analysis of a string of criticisms of the show reveals seven high-profile investors have redeemed less than half of their investment pledges.

According to market research firm Private Circle, the "sharks" invested in only 27 of the 65 investment commitments shown on the TV show. Shark has offered $4.87 million to the startup, but had invested only about $2 million as of last week, according to PrivateCircle. The company said it reached this conclusion after reviewing internal documents.

Debt investments are not included in this analysis. Even more volatile is the outlook for the second season of Shark Tank India, which ended in March of this year. The Shark Group committed 115 deals, but only one investment was disclosed to the local ministry.  

Also Read:- Unlocking the Potential of Cryptocurrency: The Role and Value of Cryptocurrency Consultants

Of course, some qualifications are required. It's entirely possible that some investments are still in the due diligence process. Additionally, an ongoing technical glitch on the ministry's website could be a plausible explanation for the sparse disclosures.

Sony Network India, which broadcasts Shark Tank in India, declined to comment on Tuesday."Our findings indicate that some of the deals agreed on the show may have failed due to corporate due diligence concerns. Also, some start-ups appear to have abandoned the Shark Tank deal to raise higher-grade funding from other investors," said Sumanjan Kumar, senior financial analyst at Private Circle, in a statement.

Also Read:- Unveiling the Phenomenal Growth Story of Indian Commercial Companies: A Journey of Success and Opportunities

The new analysis is the latest criticism of the show which Sony says has reached more than 250 million people. In recent months, some startups that appeared on Shark Tank India have criticized the show for many investors ghosting the show after promising deals on TV. 

Anupam Mittal, founder of Shaadi.com and one of Shark Tank India's investors, defended the show in a recent LinkedIn post, saying 66% of the deals proposed during the show's first season were successfully completed, a figure higher than the show in the US. Most deals take three to six months to complete, he said.

Aman Gupta, co-founder of consumer electronics brand Boat and an investor in Shark Tank India, also defended the show, saying many entrepreneurs prefer to negotiate investment deals or scrap it altogether after it telecasts. PrivateCircle's analysis backs up this claim, finding that at least six startups abandoned the Shark Tank deal and sought funding from various investors at higher valuations. 

Also Read:- Unlocking Financial Success: Embracing the Mindset of a Rich Dad

The new season of the Shark Tank reported less investment pledges this time according to the sources. The Shark Tank investors had told that they will invest an amount of 100% of which they only had invested 45 to 50% this time which makes it half of the amount been told.