The second season of Shark Tank aired on Network Ten on 8 May 2016 and concluded 7 July 2016. The series was confirmed on 9 June 2015.
The show features a panel of potential investors, named "Sharks", who listen to entrepreneurs pitch ideas for a business or product they wish to develop. These self-made multi-millionaires judge the business concepts and products pitched and then decide whether to invest their own money to help market and mentor each contestant.