Aman Gupta, a well-known shark, and the co-founder and CMO of the wearable firm boAt, thinks that aspiring business owners should work hard and maintain their modesty at this trying moment for startup founders.
All About Aman Gupta’s Advice!
Gupta acknowledged the startup ecosystem’s ongoing “funding winter” in an interview with Business Today. “Everyone was acquiring financing, and the procedure had gotten pretty easy, but the “funding winter” has sparked worries about businesses. It’s a good thing that even trustworthy businesses are under scrutiny. Even trustworthy businesses are under scrutiny, which is a good thing. Therefore, it was a case of the strongest surviving, and now the successful will be funded,” he said.
Gupta added that the scrutiny resulting from the capital shortage will bring order to the startup environment. Gupta, a shark on the well-liked reality series Shark Tank, invested roughly ₹18 crores in the second season of the show, which ended in March of this year. On the show, he has a reputation for acting with composure and good humor. When asked which firm he has invested in most successfully thus far, Gupta immediately responded, “boAt,” declining to mention any other.
The most successful investment I’ve ever made was this one. And, inshallah, it has produced excellent results and will keep doing so. Although Gupta acknowledged the growing appeal of AI tools, he disagrees with the notion that AI will eventually supplant humans in the workforce. Although AI is just getting started, it is here to stay, contrary to popular belief, which holds that it will never completely replace humans. It won’t replace people or any creative work. Gupta predicted that humans and AI would coexist.
“Through automated voices, we helped pioneer the use of AI in boAt, and we currently have a plethora more features in development. I won’t talk about them, though, as I’m aware that our competitors are closely watching us.” As a result, Gupta claims that everything is kept a secret.
