Shark Tank Pakistan: Meet the Sharks Ready to Invest Big!

Pakistan is facing tremendous problems like unstable currency, high inflation, and external debt. Most people in Pakistan are young, and many of them probably want to start their own businesses. In fact, the findings of the GUESSS 2021 survey showed that in Pakistan, 27.5% of students want to be the founder of their own businesses. That number has likely risen since the survey was conducted.

Pakistan’s start-up world is growing quickly in areas like online shopping, financial technology, health tech, agricultural tech, and education tech. But, start-ups in Pakistan face unique problems compared to other countries:

  1. Not enough venture capital funding
  2. High costs for hiring and keeping employees
  3. International investors are hesitant
  4. People are spending less money
  5. The market is controlled by a few big companies

Grenlit Studios has bought the rights to bring the popular TV show Shark Tank to Pakistan. The company’s founders, Usman Malik, Rizwan Siddiqui, and Tariq Qazi, think this could really help the startups. They believe Shark Tank might offer a way to boost Pakistan’s start-up scene and help solve some of its problems. They successfully acquired the rights from Sony Pictures Television, which owns Shark Tank. They’re also collaborating with TikTok as the official entertainment partner for Shark Tank Pakistan. It’s because of the platform’s popularity among the target audience of Gen Z and Millennials in Pakistan

Shark Tank first aired in the US in 2009. It’s based on a Japanese show called Dragon’s Den. However, the US version has become popular worldwide. Here’s how it works: People with business ideas pitch them to six successful investors, called “sharks.” These sharks then decide if they want to invest their own in the idea for a percentage in the company, or in some cases, want a royalty as well in return. The Sharks themselves are highly successful people in their own respective industries.

The show has done well in many countries, including Australia, Bangladesh, India, and the UK. People think it’s successful because it helps start-up businesses. In countries like Bangladesh and India, the show has made it easier for anyone with a good idea to get money, no matter where they’re from or who they know. After Shark Tank came to India, many more people started trying to create their own businesses rather than work from 9 to 5.

So, can Shark Tank do the same good things in Pakistan? The founders think it can. They’re not just trying to help new businesses, though. They also want to make Pakistani TV better. Usman Malik, who knows a lot about buying rights to TV shows, says it’s not common for a small company like theirs to get such a big show. After seeing how well Shark Tank did in India, Grenlit Studios asked Sony if they could make a smaller version for Pakistan. They know Pakistan might not be able to make as big a show as other countries, but they still want to make it good. Sony will still be keeping a closer eye on the production side to make sure the quality remains consistent.

Shark Tank Pakistan Judges

Rabeel Warraich

rabeel warraich shark tank pakistan judge

Rabeel Warraich started a company called Sarmayacar that gives money to new businesses in Pakistan. He studied at Oxford and MIT, where he learned about money and business. Before starting Sarmayacar in 2017, he worked for big banks like Morgan Stanley and Citigroup. His company has helped several promising Pakistani businesses grow. Now, he’s also working for an investment company in London. Rabeel’s background in banking and his experience with startups make him a valuable advisor for new businesses.

Aleena Nadim

aleena nadeem shark tank pakistan judge

Aleena Nadim started EduFi, a company that helps Pakistanis pay for education. She’s young but already successful, having been named one of Asia’s top young business people by Forbes. Before EduFi, she worked in London, deciding which new companies should get investment. Aleena studied at MIT, learning about economics and business management. Her mix of education and real-world experience makes her well-suited to guide new businesses.

Romana Dada

romanna dada shark tank pakistan judge

Romana Dada has an important role in managing how Saudi Arabia’s investment fund spends money in Pakistan. She’s the one who decides which Pakistani businesses receive Saudi funding. Romana also co-founded Flyfwd Ventures, which invests in startups in developing countries. Her experience with both large funds and startups gives her a broad perspective on business growth and investment strategies.

Faisal Aftab

faisal aftab shark tank pakistan judge

Faisal Aftab works for Zayn Venture Capital, investing in new Pakistani companies. He’s helped many successful businesses get started, including NayaPay and Bazaar-tech. He studied in the US and England, learning about business and finance. Now, he’ll be a “Shark” on Shark Tank Pakistan, where he’ll listen to business ideas and may invest in them if the opportunity is right. Faisal’s long experience in spotting good businesses makes him a valuable advisor for new entrepreneurs.

The selection of these experienced business leaders will serve as valuable guidance and funding opportunities for the startups.

Shark Tank Pakistan will follow the usual show format, but it’ll also add some extra parts that fit Pakistan’s culture and society. They’ll talk about how to help more women become business owners and overcome obstacles they might face. The show will also look at the problems people in small towns and villages have when starting businesses. They’ll explore how new business ideas can help solve social and economic issues in Pakistan. By including these topics, the show will connect better with Pakistani viewers. It’ll also show how starting businesses can make life better for people across the country. This unique approach will make Shark Tank Pakistan more than just a business show. It’ll be a way to inspire change and growth throughout Pakistan.

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