In a recent episode of Shark Tank India, Anupam Mittal, CEO of Shaadi.com and one of the judges on the show, was left stunned after learning about the monthly salaries drawn by the management team of a startup called Nasher Miles.
In a clip shared on social media, Mittal can be heard questioning the Founder and CEO, Lokesh Daga, Founder and Chairman, Abhishek Daga, and Founder & Marketing Head, Shruti Kedia Daga, about their monthly salaries. When they revealed that each of them earned Rs 7 lakh, Rs 7 lakh, and Rs 5.75 lakh respectively, Mittal was taken aback.
Assuming that the figures mentioned were their annual salaries, Mittal asked for clarification, only to be informed that those were indeed their monthly earnings. This revelation left Mittal visibly shocked, prompting a humorous response from the marketing head, who quipped, “Anupam, hum south Bombay main rehte hain” (Anupam, we live in South Bombay).
The exchange highlights the disparity in salary expectations and standards between different regions and industries in India. While salaries in metropolitan cities like Mumbai (often referred to as South Bombay) are generally higher due to the higher cost of living and lifestyle expenses, such figures may still come as a surprise to some, especially in the context of a startup environment.
The incident serves as a reminder of the importance of understanding and managing salary expectations, both for employers and employees, particularly in the dynamic and competitive landscape of the startup ecosystem. It also underscores the role of platforms like Shark Tank India in shedding light on the realities and challenges faced by entrepreneurs and investors in the Indian business landscape.
As Shark Tank India continues to showcase the journeys of aspiring entrepreneurs and innovators, moments like these not only entertain but also offer valuable insights into the intricacies of entrepreneurship, investment, and business management.