What Happened to Flatheads, Revamp Moto, and Skippi Ice Pops – Where Are They Now?
Shark Tank India helped lots of new entrepreneurs, giving them a chance to show their ideas. Many people pitched their businesses, inspiring those who dream of starting their own. But what happened to those startups after Shark Tank? How are they doing now? This article will look into what these entrepreneurs are up to today, making it easy for everyone to understand their journey after being on the show.
We will share the stories of three startups: Skippi Ice Pops, Revamp Moto, and Flatheads. We’ll cover their Shark Tank journey, the founders’ pitches, and their current situations.
Also, read this- These Are The New Sharks Coming in Season-3 Know Their Net-worth
How Skippi Ice Pops Is Doing Now: Revenue, Founders, Valuation, and More
Skippi Ice Pops is a sweet journey born from the dreams of its founders, Ravi Kabra and Anuja Kabra. With 16 years of experience in the food and beverage world, Ravi’s adventure began alongside his father, but his true entrepreneurial spirit led him to Australia. There, he not only built a home but also started a new chapter in life.
Returning to India for family, Ravi was inspired to create something nostalgic, something that echoed his childhood. Thus, Skippi Ice Pops was born, a frozen delight crafted by the husband-wife duo. Yet, a few months into this flavorful venture, tragedy struck with the loss of Ravi’s father.
Skippi Ice Pops made waves on Shark Tank India, standing out for its commitment to purity – 100% natural colours, flavours, preservatives, and sweeteners. The sharks were captivated by this dedication.
In a historic Shark Tank moment, Skippi secured an all-shark deal, raising 1 crore rupees for a 15% stake. By May 2022, just five months after the episode aired, their monthly sales surged to 2 to 2.8 crores per month, a jaw-dropping 40x increase from pre-Shark Tank India.
Skippi’s success reaches far beyond the tank, with even Ashneer Grover hailing it as a standout from Shark Tank India’s debut season.
They processed 20,000 orders from online platforms, expanding from regional manufacturers to national distributors. Currently available in 1,500 outlets in Hyderabad and 8,000 outlets nationwide, including Amazon and Flipkart, Skippi Ice Pops are priced at ₹20 per pop. They offer delightful combinations in boxes of 12 pops with six flavours.
Also Read, Karthik Madhira IPS Biography: From Indian Cricketer to IPS Officer!
What Happened to Revamp Moto after Shark Tank?
Revamp Moto, a dynamic venture founded by Jayesh Tope, Pritesh Mahajan, and Pushkaraj Salunke in 2020, has been creating ripples in the electric bike industry with its groundbreaking offerings—the RM Mitra and the RM Buddie25. The spotlight found them on Shark Tank India Season 1, where they aimed to redefine our perception of electric vehicles.
Before their Shark Tank debut, Revamp Moto had already secured orders worth $50,000 for their electric bikes, an astounding 250 crores in Indian currency. Remarkably, these orders were for bikes still in the prototype stage, underscoring the tremendous potential and anticipation surrounding their products.
As a pre-revenue startup during their Shark Tank pitch, Revamp Moto sought funding to jumpstart electric bike production. The company has since made significant progress, unveiling the RM Buddy25 and announcing the commencement of bike production in September 2023. Excitingly, deliveries are slated to begin as early as November 2023.
Revamp Moto’s journey is one of determination and innovation, highlighted by its ability to attract attention and investments from notable figures. On Shark Tank India, Anupam Mittal and Aman Gupta invested 1 crore rupees for a 1.5% equity stake, offering crucial support to the company’s vision.
After being featured in our Top 10 EV startups video last year, Revamp Moto remains a captivating focus of interest, especially with their ambitious goal of selling 40,000 bikes. The upcoming year holds the promise of revealing whether Revamp Moto can successfully scale up and transform its vision into a widespread reality. With a steadfast commitment to pushing the boundaries of electric mobility, Revamp Moto stands at the forefront of India’s electric vehicle revolution.
[ According to Tracxn.com, here is a breakdown of Revamp Moto’s annual revenue]
Revamp Moto has two exciting bikes –
the RM Buddie 25, known as the ‘Pocket Rocket,’ boasts powered-resistant batteries and smart mobile connectivity, priced at just ₹69,999. The upcoming RM Mitra, dubbed a ‘Chalati Firti Dukaan,’ is set to launch in Feb 2024 with an estimated Delhi price of ₹1.06 lakh. Ergonomically designed for everyone, explore the world of Revamp Moto on their website for a ride that fits every pocket and style.
Flatheads Post-Shark Tank: Unveiling Revenue, Monthly Sales, Market Value and much more!
Meet Flatheads, a homegrown direct-to-consumer (D2C) footwear brand that stepped into the scene in 2019, founded by Ganesh Balakrishnan and Utkarsh Biradar in Bangalore. Specializing in lightweight and eco-friendly casual footwear tailored for India’s diverse weather, Flatheads quickly carved a niche for itself.
In the spotlight of Shark Tank India Season 2, Ganesh Balakrishnan took the stage solo, revealing Utkarsh’s departure from the startup dream. Seeking a financial boost, Ganesh pitched for 75 lakh rupees in exchange for a 3% equity stake.
Despite commendable sales, with sneakers bringing in 3.4 crore rupees in FY22, Flatheads faced deep losses attributed to soaring marketing costs. Ganesh had been funding Flatheads from his pocket, bringing the company perilously close to closure. This financial tightrope dissuaded most Sharks from diving into an investment.
But then came a twist of fate. Ganesh’s pitch went viral just two days after its TV debut in December 2022, sparking a remarkable turnaround. By July 2023, the entire inventory was sold out, leading to Flatheads finding a lifeline through acquisition. Styched, a D2C fashion brand, acquired Flatheads in an all-equity deal.
This strategic move breathed new life into Flatheads under new ownership. Fast forward to November 2023, and Flatheads, despite adversity, has undergone a relaunch. Ganesh’s resilience has steered the brand through choppy waters, showcasing its determination to survive.
The acquisition by Styched, a Singapore-headquartered brand, brought a mix of cash and equity, aiding Flatheads in funding inventory, settling debts, and managing financial commitments. Although the deal’s specifics remain undisclosed, market data from Tracxn valued Flatheads at $3.53 million post-money as of May 2022.
Flatheads’ journey is a testament to the unpredictable nature of the business landscape. In the face of apparent defeat, opportunities for revival can emerge. Styched’s acquisition has given Flatheads a second chance, turning it into a symbol of tenacity in the ever-evolving world of startups.