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New Delhi, Homegrown consumer electronics brand boAt has announced that Bollywood actor <keyword id="19921973" type="General" weightage="20" keywordseo="ranveer-singh" source="keywords">Ranveer Singh</keyword> invested an undisclosed amount in the company, becoming a key stakeholder in its future. As part of the deal, he has been signed on as the official face of boAt's audio products and will be the star of their immersive new campaign, 'Lost in <keyword id="19907242" type="General" weightage="20" keywordseo="nirvana" source="keywords">Nirvana</keyword>'. "His investment and strategic involvement validate our mission to revolutionise the audio experience in India. Together, we'll push boundaries, redefine sound, and create a community that thrives on passion and innovation," <keyword id="20199314" type="General" weightage="20" keywordseo="aman-gupta" source="keywords">Aman Gupta</keyword>, Co-founder, and CMO of boAt, said in a statement. According to the company, this partnership sets the stage for Singh's pivotal role in boAt's upcoming campaign for 'Nirvana series' boAt's sub-brand offering premium &amp; superior audio products, which includes <keyword id="19964109" type="General" weightage="20" keywordseo="tws" source="keywords">TWS</keyword> and headphones crafted for the ultimate listening experience. "boAt's commitment to best-in-class sound and youth connect resonates deeply with me. Investing in their journey is more than just a financial decision; it's about co-creating a revolution. Get ready for boAt to amplify the sound of India like never before!," said Singh. The 'Lost in Nirvana' campaign features captivating ad films that invite viewers to experience the Nirvana range's exceptional features, such as an impressive 120 hours of battery life, boAt signature sound, and cutting-edge Active <keyword id="20411802" type="General" weightage="20" keywordseo="noise-canceling" source="keywords">Noise Canceling</keyword> technology, the company mentioned.

Bollywood actor Ranveer Singh invests in consumer electronics brand boAt

<ul><li>The Indian truly wireless stereo (<keyword id="5617680" type="General" weightage="80" keywordseo="tws" source="Orion">TWS</keyword>) earbuds segment has reported an 85% growth in 2022.</li><li>Indian companies accounted for 80% of devices sold in the country.</li><li>boAt occupied seven positions in the top ten sold earbuds list.</li></ul> The truly wireless stereo (TWS) earbuds segment in India saw a huge boost in 2022, as the sales nearly doubled with an 85% growth in the year. The increased sales have been attributed to increased local manufacturing, affordable devices, and sales hosted by e-commerce giants. According to a<a href="https://www.counterpointresearch.com/india-tws-market-shipments-85-yoy-2022-top-5-spots-taken-indian-players-first-time/"> report</a> by Counterpoint Research, the shipments of TWS grew by 85% in 2022, and for the first time, Indian companies occupied the top five spots, led by Aman Gupta’s boAt. <cmsannotation type="cmsannotation" annotationid="Indian players continue to dominate" comment="subhead" text="Indian players continue to dominate">Indian players continue to dominate</cmsannotation> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Market share </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">boAt </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">39.7% </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Noise </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">7.7% </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Boult Audio </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">7.2% </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">MIVI </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.2% </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">pTron </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.2% </td></tr></tbody></table> Source: Counterpoint Research The TWS segment is one of the few segments in smartphone-related industries where Indian players are performing well, and, in this industry, their performance is unparalleled. In 2022, the top five spots in the TWS segment were occupied by Indian companies. While Indian companies have been performing well, this is the first time that Indian companies have held all five positions. <cmsannotation type="cmsannotation" annotationid="Four out of five TWS earbuds sold in Indian" comment="subhead" text="Four out of five TWS earbuds sold in Indian">Four out of five TWS earbuds sold in Indian</cmsannotation> Indian companies accounted for 80% of total TWS shipments in 2022, their highest share ever, with the top five brands accounting for 66% of total shipments. This means that for the first time, four out of five TWS earbuds sold in India were from an Indian company. “Four-fifths of the total market was captured by Indian brands, their highest-ever share. For the first time, the top five spots were taken by local brands, which captured two-thirds of the total TWS shipments in India,” said Anshika Jain, senior research analyst at Counterpoint Research. <cmsannotation type="cmsannotation" annotationid="boAt continues to lead the market" comment="subhead" text="boAt continues to lead the market">boAt continues to lead the market</cmsannotation> boAt, which has been the market leader, topped the list for the third year with a 39.7% market share in 2022, up from 38.9%. The company has reported an 89% year-on-year growth. The company captured seven spots in the top ten TWS devices sold in the country, and its Airdopes 131 earbuds alone occupied a 10% share of the total TWS shipments. <cmsannotation type="cmsannotation" annotationid="MIVI reports record growth" comment="subhead" text="MIVI reports record growth">MIVI reports record growth</cmsannotation> Another player that performed quite well in 2022 was MIVI. The domestic manufacturer reported a 544% year-on-year growth to occupy the fourth position with a market share of 6.2%, up from 1.8% in 2021. This has been attributed to new launches from the company and its presence in the popular sub-₹2,000 segment. <cmsannotation type="cmsannotation" annotationid="Domestic production increases 15x" comment="subhead" text="Domestic production increases 15x">Domestic production increases 15x</cmsannotation> Domestic production of TWS also received a huge boost in 2022, with the market share of domestic production in total shipments rising from 2% in 2021 to 30% in 2022, registering a 15x increase. “Domestic manufacturing saw rapid growth, contributing 30% of the total shipments in 2022, compared to just 2% in 2021. Key homegrown brands boAt, Mivi, and pTron ramped up their local manufacturing capabilities to account for 73% of the domestic shipment volume in 2022,” said Liz Lee, associate director, of Counterpoint Research. SEE ALSO: <a href="https://www.businessinsider.in/tech/gadgets/news/boat-noise-boult-mivi-ptron-companies-dominate-the-tws-segment-with-over-70-of-the-market-share/articleshow/94024965.cms">Indian companies dominate the TWS segment with over 70% of the market share, but domestic manufacturing remains at 16% at best</a> <a href="https://www.businessinsider.in/tech/news/homegrown-brands-dominate-the-truly-wireless-earbud-segment-as-shipments-double-in-india/articleshow/95602624.cms#:~:text=Indian%20companies%20dominate%20the%20TWS%20segment&amp;text=Of%20the%20top%20five%20companies,%2C%20Mivi%2C%20and%20Boult%20Audio.">Homegrown brands dominate the truly wireless earbud segment as shipments double in India</a> <a href="https://www.businessinsider.in/tech/mobile/news/four-out-of-five-smartphones-sold-in-india-were-from-chinese-companies/articleshow/93701715.cms">Chinese smartphones continue to lead the market share despite crackdown by the Indian government</a>

Four out of five wireless earbuds sold in India in 2022 were from an Indian company

<ul><li><keyword id="16271677" type="General" weightage="20" keywordseo="bullspree" source="Orion">Bullspree</keyword> is a stock market gaming platform that lets users participate in contests and win money by creating a portfolio of stocks.</li><li>‘Stock market ke fear ko fun me badalte hai,’ said co-founder Bavishi while inviting sharks to invest in the app.</li><li><keyword id="158171" type="General" weightage="20" keywordseo="Aman-Gupta" source="Orion">Aman Gupta</keyword>, co-founder of boAt and <keyword id="824423" type="General" weightage="20" keywordseo="Peyush-Bansal" source="Orion">Peyush Bansal</keyword>, CEO of Lenskart together made an offer for ₹75 lakh for 2.86% equity. </li></ul>It is not easy to earn money in the stock markets, mostly because very few people understand the nitty gritties of markets. An Ahmedabad-based startup Bullspree aims to educate people about market fundamentals through fun contests. Bullspree is a stock market gaming platform that lets users participate in contests and win money by creating a portfolio of stocks and competing with other users. Bullspree was co-founded by Harsh Dhanawat, Dharmil Bavishi, and Divyansh Mathur in November 2020. It is an experiential stock market gaming and learning mobile app that offers fun games about financial markets that can help users understand market dynamics better. “Stock market ke fear ko fun me badalte hai,” said co-founder Bavishi while inviting sharks to invest in the application in the second edition of <keyword id="1417364" type="General" weightage="20" keywordseo="shark-tank" source="Orion">Shark Tank</keyword>. The founders asked for ₹75 lakh investment from sharks for 1.5% equity at a valuation of ₹50 crore. Most sharks declined to invest in Bullspree on risky business nature While the presentation by the founders of the stock gaming platform impressed sharks, they refused to invest in the startup because of its risky nature of the business. <keyword id="127971" type="General" weightage="20" keywordseo="Anupam-Mittal" source="Orion">Anupam Mittal</keyword>, founder of Shaadi.com concluded that Bullspree is like a fantasy gaming platform. “You are Dream11 for financial stocks, fantasy trading ho gaya,” said Mittal. “Basically, we are an experiential learning platform jisse app well versed hote ho aur confidence build karte ho,” Bavishi responded. Sharks highlighted that their competitor StockGro is in a similar line of business. That may hamper the potential market share and growth in the future. <keyword id="246967" type="General" weightage="20" keywordseo="vineeta-singh" source="Orion">Vineeta Singh</keyword>, CEO of SUGAR Cosmetics and Namita Thapar, executive director at Emcure Pharmaceuticals were shocked that the startup’s valuation rose to ₹50 crore from ₹26.5 crore in February 2022. The startup said that it generated sales to the tune of ₹18.5 lakh with a gross transaction value of ₹90 lakh, in recent months. On a monthly basis, the company has been growing 100% as it tied up with colleges. Average revenue per paid user of the company has increased to ₹322 from ₹21 earlier, says Dhanawat on the reality show. Thapar declined to make an offer by saying there is no unique differentiator that Bullspree offers, as compared to its competitors. At the end, Aman Gupta, co-founder of boAt and Peyush Bansal, CEO of Lenskart together made an offer for ₹75 lakh for 2.86% equity at ₹26.22 crore valuation. The offer was accepted by the founders. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/adani-enterprises-20000-crore-fpo-now-open-analysts-maintain-cautious-optimism/articleshow/97369358.cms">Adani Enterprises’ ₹20,000 crore FPO now open, analysts maintain cautious optimism</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/adani-group-companies-lose-3-22-lakh-crore-in-market-value-amidst-tussle-with-hindenburg-research/articleshow/97374612.cms">Adani Group companies lose ₹3.22 lakh crore in market value amidst tussle with Hindenburg Research</a>

An app that wants to turn fear of stock markets into fun raises ₹75 lakh from sharks

<ul><li>Nashik-based EV startup <keyword id="14083003" type="General" weightage="100" keywordseo="revamp-moto" source="Orion">Revamp Moto</keyword> received an investment of ₹1 crore from <keyword id="158171" type="General" weightage="20" keywordseo="aman-gupta" source="Orion">Aman Gupta</keyword> and <keyword id="127971" type="General" weightage="20" keywordseo="anupam-mittal" source="Orion">Anupam Mittal</keyword> in Shark Tank India.</li><li>Ashneer Grover also claims to have invested in Revamp Moto after the show.</li><li>The company recently launched the RM Buddie 25, which it claimed to be the country’s first <keyword id="15986770" type="General" weightage="20" keywordseo="transformable-ev" source="Orion">transformable EV</keyword>.</li></ul>Revamp Moto, a Nashik-based EV startup, became popular after getting an investment of ₹1 crore from boAt co-founder Aman Gupta and Shaadi.com founder Anupam Mittal during Season 1 of Shark Tank India. The electric vehicle market in India has become highly competitive, with brands like Ola, TVS, Ather, and others competing for market share. While many options are available if you are looking for electric scooters, the market does not offer much for hawkers, vendors, delivery executives, and other workers. <cmsannotation type="cmsannotation" annotationid="Revamp Moto – founders and product" comment="subhead" text="Revamp Moto – founders and product">Revamp Moto – founders and product</cmsannotation> Revamp Moto was founded by Jayesh Tope, Pushkaraj Salunke and Pritesh Mahajan. The trio showcased the Revamp Mitra, a modular EV that comes with ten attachments, at the show. During the show, the company also spoke about the RM 25, a prototype at that time. <cmsannotation type="cmsannotation" annotationid="Shark Tank deal" comment="subhead" text="Shark Tank deal">Shark Tank deal</cmsannotation> Revamp Moto appeared on Shark Tank seeking an investment of ₹1 crore for a 1% share at a valuation of ₹100 crore. After a close fight between BharatPE cofounder Ashneer Grover and the duo of Aman Gupta and Anupam Mittal, Revamp Moto accepted the offer from Gupta and Mittal. The duo invested ₹1 crore in the company for a 1.5% stake at a valuation of ₹66.67 crore. <cmsannotation type="cmsannotation" annotationid="Ashneer Grover invests in Revamp Moto" comment="subhead" text="Ashneer Grover invests in Revamp Moto">Ashneer Grover invests in Revamp Moto</cmsannotation> Despite losing the deal to Gupta and Mittal during Shark Tank, Grover invested in Revamp Moto after the show. During an interview with Raj Shamani, Grover revealed that he was approached by the founders of Revamp Moto for an investment. <cmsannotation type="cmsannotation" annotationid="Revamp Moto raises $1 million" comment="subhead" text="Revamp Moto raises $1 million">Revamp Moto raises $1 million</cmsannotation> Revamp Moto raised $1 million (approx. ₹8.3 crore) in a pre-seed funding round led by Veda VC and Venture Catalysts. The round also saw participation from angel investors such as Ashneer Grover, Peyush Bansal, Deven Bhandari, Aman Gupta, and Anupam Mittal. In addition, there have been reports that the company is planning on raising an additional $3 million to ramp up production. <cmsannotation type="cmsannotation" annotationid="RM Buddie 25 – first transformable EV in India" comment="subhead" text="RM Buddie 25 – first transformable EV in India">RM Buddie 25 – first transformable EV in India</cmsannotation> Revamp Moto finally launched the RM Buddie 25 in December 2022. To recall, the scooter was showcased as the prototype RM25 during Shark Tank India. <div type="image" title="RM Buddie 25" msid="96790904" hostid="261" sizebytes="30026" caption="&amp;lt;p&amp;gt;RM Buddie 25&amp;lt;/p&amp;gt;"></div> The RM Buddie 25 was launched with a price tag of ₹66,999 and was dubbed as “India’s first transformable EV” by the company. The company has started accepting bookings for the scooter for ₹999 and deliveries are expected to begin in April 2023. The company is manufacturing the scooter at its facility in Thane. During the Shark Tank pitch, the company claimed that 90 to 95% of the vehicle is made in India. <cmsannotation type="cmsannotation" annotationid="RM Buddie 25 attachments" comment="subhead" text="RM Buddie 25 attachments">RM Buddie 25 attachments</cmsannotation> The main highlight of the RM Buddie 25 is its attachments. The company is currently offering the following attachments – <ol><li>Base rack</li><li>Carrier</li><li>Child seat</li><li>Insulated box</li><li>Saddle stay and bag</li></ol><cmsannotation type="cmsannotation" annotationid="RM Buddie features" comment="subhead" text="RM Buddie features">RM Buddie features</cmsannotation> The RM Buddie 25 comes with a range of 70 km on a single charge and offers a top speed of 25 km per hour, which means the vehicle does not require any registration as per government guidelines. Similarly, the rider is not required to have a license. Revamp has claimed that the RM Buddie 25 can be fully charged in 2 hours and 45 minutes. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/ottobot-yeti-an-unmanned-delivery-robot-that-can-deliver-products-even-when-you-are-not-at-home/articleshow/96784804.cms">Ottobot Yeti, an unmanned delivery robot that can deliver products even when you are not at home</a> <a href="https://www.businessinsider.in/tech/news/after-iphone-14-android-phones-will-soon-support-satellite-messaging-starting-with-qualcomms-snapdragon-8-gen-2-chip/articleshow/96756368.cms">After iPhone 14, Android phones will soon support satellite messaging, starting with Qualcomm’s Snapdragon 8 Gen 2 chip</a> <a href="https://www.businessinsider.in/tech/mobile/news/the-oneplus-11-5g-may-be-cheaper-than-the-oneplus-10-pro-in-india-price-specs-and-india-launch-date/articleshow/96734971.cms">OnePlus 11 5G may be cheaper than the OnePlus 10 Pro in India – price, specs, and India launch date</a>

Shark Tank S1 winner Revamp Moto launches an EV that lets you add a child seat, freezer box and more

Shark Tank India S2 returns without Ashneer Grover, meet the new shark

<ul><li><keyword id="53189" type="General" weightage="100" keywordseo="boat" source="Orion">Boat</keyword> raises funds to expand market share in smartwatches along with more innovative products.</li><li>The company is making significant progress in diversifying its manufacturing footprint via partnerships with various leading electronics manufacturing services (EMS) players in <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword>.</li><li>A significant proportion of Boat's products are now being produced in India (1 million units every month currently).</li></ul>Imagine Marketing Limited, the parent company of consumer electronics brand boAt, is raising Rs 500 crore from its existing shareholder, an affiliate of Warburg Pincus, a leading global private equity fund and new investor <keyword id="2237913" type="General" weightage="80" keywordseo="malabar-investments" source="Orion">Malabar Investments</keyword>. The investment, said the company, will enable it to accelerate its plans to attain leadership in the smartwatches category, scale up its business both within and outside India and further strengthen its R&amp;D and design capabilities. "The new funding will allow us to invest significantly to disrupt the smart watches spaces with more innovative products. And we are thrilled that investors continue to have strong conviction and confidence in the boAt story," said <keyword id="158171" type="General" weightage="50" keywordseo="aman-gupta" source="Orion">Aman Gupta</keyword>, Co-founder and Chief Marketing Officer, of boAt. The company is making significant progress in diversifying its manufacturing footprint via partnerships with various leading electronics manufacturing services (EMS) players in India, including Dixon, with whom it has also created a manufacturing joint venture. A significant proportion of boAt's products are now being produced in India (1 million units every month currently). The company said it is also planning to take the boAt brand overseas. "Through boAt labs (our 120-person in-house R&amp;D team) and our acquisition of KaHa Technologies, (a world-class wearables technology and IoT platform, with 64 patents and patent applications), we are developing the next generation of products," informed <keyword id="264384" type="General" weightage="50" keywordseo="sameer-mehta" source="Orion">Sameer Mehta</keyword>, Co-founder and Chief Product Officer of boAt. boAt closed FY 2022 with net revenue of approximately ₹3,000 crore with 100 per cent YoY growth. SEE ALSO: <a href="https://www.businessinsider.in/defense/news/defense-expo-2022-a-big-step-towards-self-reliance-in-defense-with-a-new-tank-gun-system-and-more/articleshow/95006121.cms">Defense Expo 2022: A big step towards self-reliance in defense with a new tank, gun system, and more</a> <a href="https://www.businessinsider.in/defense/news/made-in-india-lightweight-combat-helicopter/articleshow/94613836.cms">Here’s everything you need to know about the made-in-India lightweight combat helicopter</a>

Boat raises ₹500 crores from Warburg Pincus affiliate, Malabar Investments

Indian e-cycle startup <keyword id="15984550" type="General" weightage="80" keywordseo="gear-head-motors" source="Orion">Gear Head Motors</keyword> has secured investment from Aman Gupta, the founder of Boat, and Piyush Bansal of Lenskart on Shark Tank India. This is a major endorsement for GearHead, which has quickly become a major player in the transportation industry with its innovative and sustainable approach to electric vehicles. Founded in 2020 by <keyword id="15984552" type="General" weightage="50" keywordseo="nikhil-gunda" source="Orion">Nikhil Gunda</keyword> and Meher Sai, Gear Head Motors has made a name for itself by designing over 70% of its components in-house and assembling electric cycles tailoring to the specific needs of Indian commuters. GearHead Motors has launched four e-bike models - L. I. F. E - to solve urban commuting problems on the go. With research dating back to as early as 2015, <keyword id="2300" type="General" weightage="80" keywordseo="nikhil" source="Orion">Nikhil</keyword> and Meher, the co-founders of Gear Head Motors, have a deep understanding of the electric vehicle market and a commitment to testing and evaluating their products in real-world conditions. Their dedication to innovation and sustainability has helped Gear Head Motors grow from a small startup with an initial investment as low as Rs. 16,000 to a 35 crore-worth company in just four years. Since its inception, Gear Head Motors has delivered more than 8,000 tricycles and over 5,000 e-bikes. The company aims to bridge the gap between the global supply of electric vehicles and the needs of Indian customers and build an ecosystem that supports sustainable mobility in the future. Aman Gupta, who invested in Gear Head Motors through Shark Tank India, praised the company's founders for their dedication and expertise in the industry. Our sources revealed Aman's insight on GHMEV, "I am really impressed with the design of the e-cycle and happy to be investing in GearHead Motors. The founders have a clear market insight and I am excited to see what they can accomplish with the support." <keyword id="824423" type="General" weightage="50" keywordseo="peyush-bansal" source="Orion">Peyush Bansal</keyword>, also an investor in Gear Head Motors, added: "With Nikhil and Meher's experience and expertise in the Electric Vehicle sector, I am confident that they will be able to steer the industry with their 10X business idea and their 10X entrepreneurial journey. I am glad to be a part of GHMEV. Let's together grow the business. Speaking of the investments, "We are thrilled to have the support of Aman and Peyush as we continue to grow and innovate in the EV space," said Nikhil Gunda, co-founder of Gear Head Motors. "With this funding, we will be able to expand our operations and bring even more electric bikes to the market, helping to support sustainable mobility in India." According to Nikhil and Meher, the key to success in the electric vehicle industry is more than just technology. "EV is not just about Lithium Ion batteries," they said. "EV is an infrastructure, that is building trust and acceptance in the communities." Previously, Gear Head Motors raised 6 crores in a pre-seed funding round led by Hemin Shah and <keyword id="15984551" type="General" weightage="50" keywordseo="sudhakar-moparthy" source="Orion">Sudhakar Moparthy</keyword>. The company focuses on expanding the startup's operations in India and other Asian countries. As the demand for electric vehicles continues to grow in India and around the world, Gear Head Motors is poised to play a major role in shaping the future of transportation. With its strong foundation and ambitious plans for the future, Gear Head Motors is well on its way to becoming a leader in the e-cycle industry. The company's success on Shark Tank India is a testament to its potential for future growth. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/shark-tank-s2-girgit-that-sells-colour-changing-clothes-shoes-and-more-raises-funds/slidelist/96767200.cms">Shark Tank S2: Girgit that sells colour changing clothes, shoes and more raises funds</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/gautam-adani-will-be-in-the-hot-seat-on-rajat-sharmas-show-aap-ki-adalat-on-saturday/articleshow/96785740.cms">Gautam Adani will be in the hot seat on Rajat Sharma's show 'Aap Ki Adalat' on Saturday</a>

Shark Tank India: Gear Head Motor rides high, secures funding from Aman Gupta and Peyush Bansal

<ul><li><keyword id="15908229" type="General" weightage="100" keywordseo="hoovu-fresh" source="Orion">Hoovu Fresh</keyword> featured on the premiere episode of <keyword id="11924074" type="General" weightage="20" keywordseo="Shark-Tank-India" source="Orion">Shark Tank India</keyword> S2 and received an offer from Sharks Peyush Bansal (co-founder Lenskart) and Aman Gupta (co-founder boAt). </li><li>The Bengaluru-based startup received pre-Series A funding of ₹6.45 crore in 2022, led by early-stage venture capital firm Sauce.VC. </li><li>Only three years old, Hoovu Fresh was started in 2019 by sisters Yeshoda and <keyword id="15963614" type="General" weightage="50" keywordseo="rhea-karuturi" source="Orion">Rhea Karuturi</keyword>. </li></ul>Shark Tank India - Season 2 started this week, and already the pitches (and the judges) are creating a storm on social media. And if there’s one business idea that stood out from the rest, it’s Hoovu Fresh - the floral startup supplying traditional puja flowers. The Hoovu Fresh sister duo of Yeshoda and Rhea Karuturi courted interest from all the Sharks but ultimately walked away with an investment worth ₹1 crore <a href="https://www.instagram.com/p/Cm7FFm9yliW/?hl=en">from Sharks </a>Peyush Bansal (co-founder Lenskart) and Aman Gupta (co-founder boAt). The Bengaluru-based startup Hoovu Fresh by Rose Bazaar started as a subscription-based flower delivery model in 2019. As per the <a href="https://www.youtube.com/watch?v=sbtD2ImUzN4&amp;ab_channel=SETIndia">pitch on the show</a>, in just three years, Hoovu Fresh has expanded to eight cities and completed over two million orders. It’s also associated with over 300 temples and 500 farmers, and is available via multiple delivery platforms, including BigBasket, Swiggy, and Zepto, among others. But it all <a href="https://hoovufresh.com/pages/about-us">started with a desire </a>by the cofounders, Rhea and Yeshoda, “to achieve something really simple: make flowers a way of life for millions of households across India.” <cmsannotation type="cmsannotation" annotationid="Revolutionising the traditional flower industry" comment="subhead2" text="Revolutionising the traditional flower industry">Revolutionising the traditional flower industry</cmsannotation> Although the Karuturi sisters started Hoovu – Kannada word for flower – in 2019, their love for the floral industry is not recent. By their own admission, the two grew up in floriculture farms, “hearing about harvest cycles, auction prices and freight rates.” In 1994– the same year when <keyword id="15949601" type="General" weightage="50" keywordseo="yeshoda-karuturi" source="Orion">Yeshoda Karuturi</keyword> was born–their father started Karuturi Global with a rose farm. Today, Karuturi is one of the <a href="https://economictimes.indiatimes.com/nri/working-abroad/ramakrishna-karuturi-man-behind-karuturi-global-worlds-largest-producer-of-cut-roses/articleshow/10973220.cms?from=mdr">world’s largest producers of cut roses</a>, spread across Ethiopia, Kenya and India. And with the growth of the family business, the sisters have directly observed the changing landscape of the flower industry in India. As they state <a href="https://hoovufresh.com/pages/about-us">on their website</a>, “we saw how the industry changed dramatically - from unorganised, fragmented markets to the setting up of the International Flower Auction Bangalore, the first exports of cut roses from Bangalore and the awe-inspiring Kenyan farm, which was the world’s largest rose farm.” However, while the supply chain in the cut-flower industry changed over the years to add value for both the producers and the end consumers, the supply chain in the ‘traditional flower’ industry remained the same - incredibly fragmented and unorganised, with high wastage. As per Hoovu Fresh, traditional or ‘puja’ flowers are the flowers an average Indian consumer uses almost daily - mostly for prayers or simple, everyday activities. “Most Indians interact with traditional flowers - jasmine, marigold, chrysanthemum, bud roses, etc - every single day. They use it in their morning prayer, to decorate their hair, to hang up in their auto, car, offices. Traditional flower usage is a ubiquitous need, just like the daily newspaper or milk,” states Hoovu Fresh. Combining their knowledge of agriculture with the untapped potential of the industry, the duo came up with a way to reduce the turnaround time from harvest to reaching the customers. Hoovu Fresh claims to have reduced the turnaround time to 12-24 hours from 36-48 hours. Furthermore, Hoovu Fresh also states that it uses innovative packaging to extend the shelf life of the flowers to 15 days from the usual 2 days. Apart from flowers, Hoovu Fresh’s product offerings <a href="https://hoovufresh.com/collections/agarbathi-and-dhoop">include </a>agarbathis, dhoop sticks and incense cones in five different flavours - Rose, Jasmine, Lavender, Sandalwood and Tulsi. They also <a href="https://citytoday.media/2022/12/07/hoovu-fresh-raises-790k-in-a-pre-series-a-round-led-by-sauce-vc/">partnered </a>with the ISKCON temple in Bangalore for flower decorations. <cmsannotation type="cmsannotation" annotationid="Pre-series A funding locked" comment="subhead2" text="Pre-series A funding locked">Pre-series A funding locked</cmsannotation> Yeshoda, 28 and Rhea, 25 aren’t just familiar with the flower industry, but also with the world of business, having worked with their father before starting Hoovu Fresh. Yeshoda, who has a Master's in Accounting and a Bachelor’s in Business Administration from Washington University in St Louis, worked as the executive director for Karuturi Global after graduation. In her role, she focused on the company’s overseas operations. Currently, she acts as the CEO of Hoovu Fresh. Rhea, who is the CTO at Hoovu Fresh, graduated from Stanford University with a Bachelor’s degree in Science, Technology and Society, with a concentration in Communication and Media. Prior to starting Hoovu Fresh with her sister, she worked with multiple publications like the Times of India, Deccan Herald, the Stanford Daily and the Bay City Beacon, among others. The Karuturi sisters are currently chasing the sweet smell of success, but Hoovu Fresh has been in the news long before Shark Tank India came knocking. Just a year after its inception, the sisters pitched Hoovu Fresh at the Techstars Bangalore Cohort in 2020. At the time, <a href="https://www.moneycontrol.com/news/business/this-bangalore-based-flower-delivery-start-up-is-enjoying-the-fragrance-of-success-5456931.html">Hoovu Fresh already had </a>25 employees and was doing 15,000 deliveries a month. The duo also went on to win the National FICCI Flo Incubator award for the most innovative startup. Two years later in December 2022, the startup received <a href="https://www.vccircle.com/saucevc-others-back-flower-delivery-startup-hoovu-fresh">pre-Series A funding</a> of ₹6.45 crore led by early-stage venture capital firm Sauce.VC. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/zomato-bharatpe-nykaa-and-more-the-revolving-door-for-top-execs-at-new-age-companies/articleshow/96728402.cms">Zomato, BharatPe, Nykaa and more: the revolving door for top execs at new age companies</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/indias-services-sector-growth-hits-6-month-high-in-december-on-strong-demand/articleshow/96729592.cms">India's services sector growth hits 6-month high in December on strong demand</a>

Shark Tank India judges Peyush Bansal and Aman Gupta invest in Hoovu Fresh - Here’s all about this floral startup

Food and grocery delivery behemoth <keyword id="6358977" type="General" weightage="20" keywordseo="Swiggy" source="Orion">Swiggy</keyword> is on a roll, pushing out multiple new services simultaneously, ahead of the festive season, and its much-touted Rs 11,664 crore IPO. Experts anticipate the IPO to hit the bourses in the upcoming months. Earlier last week, the company's shareholders had approved of raising the fresh issue component of the IPO, from Rs 3,750 crore previously to Rs 5,000 crore. This will allow Swiggy to add an extra Rs 1,250 crores to its coffers for future growth. The remaining Rs 6,664 crore will be an OFS (offer for sale), largely paving a way for Swiggy's old investors to exit. In the buildup to its IPO, the delivery giant is dialing up the competitive fever big time with rival <keyword id="19901323" type="General" weightage="20" keywordseo="Zomato" source="keywords" meta.keywordsubtype="org" meta.entityname="Zomato" meta.hostid="261" meta.entityid="Zomato">Zomato</keyword>, which went public in 2021. Swiggy recently launched <keyword id="23440051" type="General" weightage="20" keywordseo="XL-Fleet" source="keywords">XL Fleet</keyword> for large-scale <keyword id="20299302" type="General" weightage="20" keywordseo="food-delivery" source="keywords">food delivery</keyword> and Bolt, which is an <keyword id="23461052" type="General" weightage="20" keywordseo="AI-powered-logistics" source="keywords">AI-powered logistics</keyword> system. Per some media reports, the company is also launching an invite-only concierge membership program called the "Rare Club", which will have an annual fee of up to Rs 50,000. <h2>Who doesn't love a little pettiness? </h2>But that's not it. In the time being, Swiggy is also aggressively looking for ways to gain maximum public attention, one of which is by sponsoring the fourth season of the popular entrepreneurial reality show <keyword id="11924074" type="General" weightage="20" keywordseo="shark-tank-india" source="Orion">Shark Tank India</keyword>. But here's the catch-a key condition of this deal is to not bring back Zomato CEO <keyword id="19901325" type="General" weightage="20" keywordseo="deepinder-goyal" source="keywords">Deepinder Goyal</keyword> as a shark. Media reports suggest that Swiggy is set to close on a massive Rs 40-60 crore sponsorship deal with the show. But in a seemingly low-ball move, Swiggy has blocked the return of Zomato CEO Deepinder Goyal as one of the investors on the show. Goyal had made his debut on the third season of the show, and was looking to make a comeback alongside long-time regulars such as Anupam Mittal, Aman Gupta, Namita Thapar and Peyush Bansal. <h2>Bolting ahead with XL</h2>In a move that clearly underlines its ambitious expansion plans, Swiggy also recently announced the launch of its new XL Fleet service, which will look to cater exclusively to bulk orders and large-scale food deliveries. Per Swiggy's co-founder Nandan Reddy, XL is a natural evolution of Swiggy's services. As it is, a recent report by Bain and Company highlighted that India's food services market is set to double to a massive Rs 9 trillion by 2030, surging up significantly from its current standing of Rs 5.5 trillion. Not just that, the customer base is also set to expand from 320-340 million as of 2023 to 430-450 million by the end of the decade. Earlier this year, Zomato had also stepped in this segment by launching its large-order electric fleet, which could serve orders for a gathering of up to 50 people. Alongside this, Swiggy has unveiled Bolt, which is an AI-powered logistics system specifically designed to optimize delivery routes, predict demand patterns, and improve overall operational efficiency. The aim is to bring down on delivery time and costs, giving Swiggy a massive competitive edge in the growing food and quick delivery market. With this feature, Swiggy claims that users can get certain meals such as burgers, <h2>Challenges Await </h2>As of FY24, Swiggy's operating revenue stood at ₹112.5 billion, a 36% jump from the previous year. The company also managed to reduce its net losses by as much as 44% to ₹23.5 billion. While these may come across as positive signs, which are also pushing the company's unlisted shares to new heights, Swiggy significantly lags behind Zomato in both food delivery and quick commerce segment. Consider this. Per Morgan Stanely, as of FY24, Swiggy's GOV (gross order value) at Rs 24,700 crore, was far lower than Zomato's Rs 32,200 crore. Swiggy's GOV and AOV grew at a CAGR of 15.5% and 2.5% respectively, between FY22-24. In contrast, Zomato's GOV and AOV registered a CAGR of 23% and 3.7%, respectively. At 12.7 million, Swiggy's MTU (monthly transacting users) for FY24 were also a far cry behind Zomato's 18.4 million. Even when it comes to average order value (AOV), Swiggy's Instamart lags behind Zomato's Blinkit. This is also why analysts believe that despite Swiggy narrowing the gap on most key metrics like AOV, GOV and more, the company's share will command a lower valuation than that of its rival Zomato.

Ahead of much awaited IPO, what is Swiggy upto? Launching XL Fleet, premium membership and kicking out Zomato CEO

<ul><li>As many as 27 startups that appeared on the show secured funds from external investors, says Redseer Consulting.</li><li>Startups on the show cumulatively raised ₹100 crore on <keyword id="1417364" type="General" weightage="20" keywordseo="shark-tank" source="Orion">Shark Tank</keyword> across seasons 1 and 2.</li><li>The biggest shark amongst all is Aman Gupta, the founder of BoAt who invested ₹24.6 crore across 70 deals. </li></ul><keyword id="13108748" type="General" weightage="20" keywordseo="shark-tank-judges" source="Orion">Shark Tank judges</keyword> are indeed sharks who have bargained the best deals — putting in a lot less than what was asked — and making the startup founders dilute a lot more than they intended to. True to their nature, they also picked a lot of winners who were able to gain business, funding along with publicity from screen time – that has helped many D2C brands in particular. Redseer Consulting, in a recently released report, has found that 27 startups that appeared on season 1 of the show secured funds from external investors. ”Most startups that appeared on the show secured deals 6 times greater in value from outside investors within a span of 1.5 years. Their current valuation is also 2.5 times greater than what they were valued on <keyword id="15913368" type="General" weightage="20" keywordseo="shark-tank-season-1" source="Orion">Shark Tank season 1</keyword>,” said Kanishka Mohan, partner at Redseer Consulting. In season 1, as many as 117 pitches were made, out of which 65 of them accepted deals on the show, 20 rejected deals and 32 were not offered a deal at all. All these sections of startups, received a fair amount of interest from external investors. Six startups which were not offered a deal on the show like — On2Cook, Theka Coffee, Good Piggy Bank, Sabjikothi and Nushka were able to secure deals outside. “In all, most startups that appeared on the show fared well afterward, securing better deals and increasing valuations,” the consulting firm said. Who’s the biggest shark? As much as ₹100 crore was invested in startups that pitched their ideas on Shark Tank season 1 and 2 by eight sharks. And the shark with the most appetite is Aman Gupta, the founder of BoAt who invested ₹24.6 crore across 70 deals. He is followed closely by Peyush Bansal, the co-founder and CEO of Lenskart who invested ₹21.5 crore across 67 deals. The most active shark of season 1 who missed the second season is Ashneer Grover, the co-founder of BharatPe, who invested ₹5.3 crore in 21 deals. Shaadi.com founder Anupam Mittal who was recognized as one of India’s best angel investors, as per Hurun, had invested ₹14.4 crore across 50 deals on the show. Sharks loved to invest in startups pertaining to the food and beverage sector . Amongst the few deals made in healthcare and manufacturing, most of them came from Thapar and Bansal who have expertise in these sectors. “Most of the deals made on the show had one shark onboard; however, it never happened that all the sharks invested in a single business,” Redseer said. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Shark </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Appeared in </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Amount invested </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No of deals </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Preferred sector </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Aman Gupta </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Seasons 1 &amp; 2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹24.6 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">70 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">F&amp;B </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Peyush Bansal </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Seasons 1 &amp; 2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹21.5 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">67 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Healthcare </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Namita Thapar </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Seasons 1 &amp; 2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹20.6 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">62 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Healthcare </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Anupam Mittal </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Seasons 1 &amp; 2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹14.4 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">50 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">F&amp;B </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vineeta Singh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Seasons 1 &amp; 2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹11.3 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">40 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">F&amp;B </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ashneer Grover </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Season 1 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹5.3 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">F&amp;B </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Amit Jain </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Season 2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹7.2 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">F&amp;B </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ghazal Alagh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Season 1 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1.3 cr </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">7 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">F&amp;B </td></tr></tbody></table>Source: Redseer Consulting

It pays to pitch on Shark Tank – most startups raise external funding at avg 6x the value

<ul><li>Developed by <keyword id="57604" type="General" weightage="50" keywordseo="iit-delhi" source="Orion">IIT Delhi</keyword> alumni, Primebook costs just ₹15,000.</li><li>It features an 11.6- inch display and runs on PrimeOS.</li><li>The brand accepted and secured ₹75 lakh investment from Peyush Bansal and Aman Gupta for 3% equity.</li></ul>Primebook, a made-in-India <keyword id="16085612" type="General" weightage="20" keywordseo="android-laptop" source="Orion">Android laptop</keyword> brand, revealed its first-of-its-kind laptop - Primebook 4G for students on <keyword id="1417364" type="General" weightage="100" keywordseo="shark-tank" source="Orion">Shark Tank</keyword> India season 2. The idea looks inspired by Google’s affordable Chromebook laptops that focus on low-intensity tasks targeting learners and students who don’t use them for gaming, designing, or video editing. Pitchers presented their Android laptop ‘Primebook’ and shared how their product differs from others. They claimed that students could reduce their education costs by 85% using their laptops. Having piqued the interest of four out of five sharks, PrimeBook received individual offers from Aman Gupta, Vineeta Singh, Peyush Bansal, and Anupam Mittal, along with a combined offer from all five sharks. The brand accepted and secured ₹75 lakh investment from Peyush Bansal and Aman Gupta for 3% equity. <cmsannotation type="cmsannotation" annotationid="PrimeBook Android laptop" comment="subhead" text="PrimeBook Android laptop">PrimeBook Android laptop</cmsannotation> Founded by IIT Delhi alumni Aman Verma and Chitranshu Mahant in 2018, the brand has since worked with NGOs, schools, and EdTech companies to enable a smooth transition to hybrid and e-learning. As the name suggests, the Primebook 4G is integrated with a 4G wireless SIM connectivity and the brand's proprietary Android 11-based operating system- PrimeOS. According to the company, this OS is specifically designed for learners, and users can access millions of Android apps from Prime Store. With MediaTek Kompanio 500 processor, Primebook 4G is said to deliver fast performance and an immersive learning experience. Besides this, the Android laptop is integrated with Mobile Device Management (MDM), by which parents can control usage. Also, with MDM’s help, they can access history and timelines and enable safe browsing. Primebook just weighs 1.2kg, making it easy to carry. Further, the PrimeOS is coupled with 4GB of RAM and 64GB of internal storage, which is expandable up to 200 GB. It has an 11.6- inch display, a 2MP full HD camera for video calls, and a claimed battery life of 10+ hours once fully charged. The laptop has a price tag of ₹15,000, currently available in a single variant. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/british-company-develops-the-first-ever-tractor-that-runs-completely-on-cow-dung/articleshow/96882132.cms">British company develops the first-ever tractor that runs completely on cow dung</a> <a href="https://www.businessinsider.in/tech/apps/news/these-audio-setting-tweaks-can-make-music-sound-better-on-spotify/articleshow/96876010.cms">These audio setting tweaks can make music sound better on Spotify</a>

IITians who created ₹15,000 laptop get ₹75 lakh on Shark Tank India S2

The business reality show '<keyword id="11924074" type="General" weightage="100" keywordseo="shark-tank-india" source="Orion">Shark Tank India</keyword> 2' offers a platform for entrepreneurs with scalable, sellable business ideas. From Paithani sari brand owner impressing the <keyword id="6785521" type="General" weightage="80" keywordseo="sharks" source="Orion">sharks</keyword> with her story, struggle, and setting an example for women entrepreneurs, to Stage, an OTT platform in local Indian dialects that provides employment to over 1,000 Haryanvi artists. But what has grabbed the eyeballs of viewers is a pitch for which the sharks offered Rs 5 crore. The promo has raised curiosity levels by not showing the pitch, but one of the judges, CarDekho.com co-founder and CEO <keyword id="30126" type="General" weightage="80" keywordseo="amit-jain" source="Orion">Amit Jain</keyword>, said: "5 crore 5 per cent." Shaadi.com founder and CEO Anupam Mittal heightens the excitement by adding: "Biggest offer on 'Shark Tank India'." The caption reads: "Who are these pitchers and why are the Sharks offering them ₹5 crore?" Indeed, it is a lucrative offer, but the identity of the beneficiary and the pitch that attracted it will become known only in the coming episode of reality show. 'Shark Tank India' features six sharks: Anupam Mittal (founder and CEO, Shaadi.com - People Group), Aman Gupta (co-founder and CMO, boAt), Namita Thapar (executive director, Emcure Pharmaceuticals), <keyword id="246967" type="General" weightage="50" keywordseo="vineeta-singh" source="Orion">Vineeta Singh</keyword> (co-founder and CEO, SUGAR Cosmetics), <keyword id="824423" type="General" weightage="50" keywordseo="peyush-bansal" source="Orion">Peyush Bansal</keyword> (founder and CEO, Lenskart.com) and Amit Jain (CEO and co-founder, CarDekho Group, InsuranceDekho.com). 'Shark Tank India' airs on Sony Entertainment Television. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/peyush-bansal-and-aman-gupta-invested-1-crore-in-hoovu-know-all-about-this-floral-startup/articleshow/96730114.cms">Shark Tank India judges Peyush Bansal and Aman Gupta invest in Hoovu Fresh - Here’s all about this floral startup</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/nadella-advocates-using-tech-to-drive-inclusivity-and-making-a-difference-says-microsoft-very-committed-to-india/articleshow/96730670.cms">Nadella advocates using tech to drive inclusivity and 'making a difference', says Microsoft 'very committed' to India</a>

You Searched For "aman gupta" and got 12 results

Bollywood actor Ranveer Singh invests in consumer electronics brand boAt

IANS

Four out of five wireless earbuds sold in India in 2022 were from an Indian company

Sourabh Jain

An app that wants to turn fear of stock markets into fun raises ₹75 lakh from sharks

Bhakti Makwana

Shark Tank S1 winner Revamp Moto launches an EV that lets you add a child seat, freezer box and more

Sourabh Jain

Shark Tank India S2 returns without Ashneer Grover, meet the new shark

Sourabh Jain

Boat raises ₹500 crores from Warburg Pincus affiliate, Malabar Investments

IANS

Shark Tank India: Gear Head Motor rides high, secures funding from Aman Gupta and Peyush Bansal

ANI

Shark Tank India judges Peyush Bansal and Aman Gupta invest in Hoovu Fresh - Here’s all about this floral startup

Srishti Magan

Ahead of much awaited IPO, what is Swiggy upto? Launching XL Fleet, premium membership and kicking out Zomato CEO

Ira Alok Puranik

It pays to pitch on Shark Tank – most startups raise external funding at avg 6x the value

Katya Naidu

IITians who created ₹15,000 laptop get ₹75 lakh on Shark Tank India S2

Rahul Verma

CarDekho founder Amit Jain offers ₹5 crore for a pitch on 'Shark Tank India'

IANS

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