In a recent episode of Shark Tank India Season 4, three enterprising founders – Ajith Sunny, Ranjit Kumar Behra, and Prince Jacob Thomas – pitched their sports brand Metashot, leaving the Sharks with varied opinions and a dash of humor. As the trio introduced their innovative cricket gaming company, Anupam Mittal couldn’t help but draw a humorous connection between their names and Bollywood villains, commenting, “It looks like all of Bollywood’s villains have gathered here!”
*Metashot’s Pitch and Product*
Metashot, a Bangalore-based cricket gaming company, sought Rs 80 lakh in exchange for 1.5% equity, valuing their company at Rs 53 crore. The company’s goal is to revolutionize cricket with tech-infused bats and gear by integrating sensors into their smart bats. These innovations enable players to track and analyze their performance, providing valuable insights to enhance their skills. Since their sales began in September 2023, Metashot has sold over 18,000 bats.
*Founders’ Achievements and Financials*
The founders impressed the Sharks by revealing that they had already raised Rs 4.2 crore in funding and achieved nearly Rs 10 crore in revenue in their first year. They projected a 5X increase in revenue for the next year, driven by the expanding gaming market.
*Sharks’ Reactions*
While Kunal Bahl remained uncertain and Peyush Bansal took offence at a suggestion for a different company direction, Anupam Mittal and Vineeta Singh showed interest in Metashot. Anupam and Vineeta made a joint offer, doubling the initial ask to Rs 1.6 crore for 5% equity, valuing the company at Rs 32 crore. Vineeta suggested marketing the product as a fitness device, not just a gaming console. After a brief discussion, the founders accepted the offer, leading to a celebration by Anupam and Vineeta.
*Conclusion*
Metashot’s successful pitch on Shark Tank India Season 4 demonstrates the potential of innovative, tech-driven sports products in the market. With the support and guidance of the Sharks, the company is poised for significant growth, aiming to transform the way cricket is played and analyzed. The founders’ achievements and financial projections highlight the vast opportunities in the gaming and fitness markets, making Metashot a promising venture to watch.
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