Shark Tank India investors have actually invested in only 27 out of 65 soft commitments to startups that appeared on the show, according to a research report.

What Happened? The investors had committed ₹40 crore on the show, but only ₹17 crore had been invested till July 12, research from PrivateCircle showed.

The first season of Shark Tank India featured investors like Ashneer Grover, Peyush Bansal, Anupam Mittal, Aman Gupta, Ghazal Alagh, Vineeta Singh, and Namita Thapar. Among them, Thapar fulfilled the highest percentage of investment commitments at 59%, while Anupam Mittal had the lowest at 29%.

See Also: Over ₹100 Crore Poured Into Startups By Shark Tank India: Report

Six startups from the first season chose to pass on the Shark Tank deals and raise funding at higher valuations from other investors, the report added. The analysis revealed that some deals on the show may have fallen through due to concerns in company due diligence.

In total, 117 startups participated in Season 1, with 65 of them securing deal commitments. Lenskart raised a notional Re 1 and was excluded from the count. Additionally, two rejected companies, Agri Tourism and Jhaji Achaar, received investments from sharks after the show ended.

Season 2 of Shark Tank India saw 166 companies pitching on the show, with 115 securing a deal commitment. However, only one company, coffee brand VS Mani & Co., has made investment filings so far.

The dataset was released amid allegations by some contestants that investors resorted to delaying tactics when it came to investing. Mittal, in response, has said that deal completion can take three to nine months, depending on the companies’ readiness.

Read Next: Travelling In Delhi Metro Today? Here’s What You Need To Know