Anupam Mittal, a familiar face on Shark Tank India, recently shared insights into the transformative potential of artificial intelligence. Speaking during an interview with Himesh Madaan on YouTube, Anupam highlighted how AI could revolutionize industries, particularly healthcare. He explained that India requires innovative solutions tailored to its unique needs. “If we want to solve healthcare for 1.5 billion people, Western solutions are too expensive. We need something different,” he remarked.
Anupam pointed out the potential of large-language models in mapping personal health histories. With the rising costs of healthcare, he emphasized the importance of accessible, AI-driven solutions. According to him, the integration of AI could be the answer to creating affordable healthcare for millions.
During the interview, Anupam also shared an example of AI’s remarkable capabilities by discussing a company he had invested in. The startup, founded by two young innovators, developed a groundbreaking device, a locket with advanced technology. He explained that this locket listens to conversations, identifies voices, and connects to email and contact lists. “It remembers everything; who you spoke to, what you discussed, and what you should talk about next,” he shared, describing the device as almost magical in its capabilities.
Anupam reflected on his own entrepreneurial journey. He spoke candidly about a pivotal moment in his early career when he narrowly missed becoming a multi-millionaire. The dotcom bust brought unexpected challenges, but he believes those setbacks were crucial for his growth. “If I had succeeded back then, I might have become complacent and missed the opportunities that shaped my current success,” he admitted.
Anupam emphasized the importance of resilience in entrepreneurship. He views failures as stepping stones, teaching lessons that are critical to long-term success. His journey from early struggles to building People Group and Shaadi.com stands as a testament to perseverance. Sharing his perspective, he noted that it’s the ability to rise after setbacks that defines an entrepreneur’s character.
In a recent podcast, Anupam addressed a common issue faced during Shark Tank negotiations. He revealed that a significant percentage of deals fall through because founders often attempt to change terms after agreements are made on the show. “It sets a bad precedent. Accepting something on-air and then renegotiating later is a big problem,” he stated. His firm stance reflects the importance of integrity and trust in business dealings.
Anupam’s journey, filled with challenges and triumphs, continues to inspire. His insights into AI, entrepreneurship, and the evolving business landscape underline his commitment to nurturing innovation. As Shark Tank India returns, it opens doors for dreamers to turn their ideas into reality under the guidance of experienced mentors like him.
The upcoming season of Shark Tank India promises new opportunities for entrepreneurs to pitch their ideas. Anupam, alongside fellow sharks like Aman Gupta, Namita Thapar, Peyush Bansal, Vineeta Singh, and others, will evaluate innovative concepts from aspiring founders.