Shark Tank Bowled.io
In this episode of Shark Tank India Bowled.ioBowled.io, a sports-based gaming platform presents the pitch. Will the founder get a deal from the sharks? To know about the deal read till the end.
|Founders||Akshay Khandelwal and Rahul Singh|
|Ask||₹ 80 lakhs for 1% equity|
Akshay Khandelwal is from Singapore and Rahul Singh is from Uttar Pradesh and they are the co-founders.
Akshay is an engineer who has vast experience. He joined 1x Bet, an online betting application in the year 2019 where he was in charge of handling D2C and blockchains.
Rahul had 5 years of experience working in Samsung and then he had the opportunity to work with star sports as a broadcaster.
About the company Bowled.io
In India, there is very little scope to carry the passion. If you are a cricket fan then this is a good opportunity to carry your passion with Bowled.io. Bowled.io is a sports-based social gaming platform for cricket fans on which cricket lovers can play several cricket games that can fetch them real cash prizes and recognition. Club teams and national teams can connect with their fans through this Bowled.io application. They have launched it 3 weeks earlier in 125+ countries and more than 3 lakh people have played several games on this application.
The application has 3 features:
- Live Cricket Lounge
In the Marketplace concept, one can buy, sell and trade NFTs. The USP is that they are trying to build an economy around this application.
Ask by the Owner of Bowled.io
The owner asked for 80 lakhs for 1% equity in the company.
Bowled.ioBowled.io Sales And Revenue
The revenue stream are of 3 types:
- Selling of digital assets
- In-game transaction fee
- Sponsorship fee
They have generated a lifetime revenue of 1.2 crore rupees till they launched their business. They had daily active users of 1000-1500 in the month of April, and May after the launching of the application. In the month of Jan 2022, they raised 2.5 crore rupees at a 50 crore valuation and 12 crore rupees at 80 crore floor and 200 crore rupees cap in the year May 2022. They are burning about 40-45 lakhs rupees per month. They are having 10 crore rupees in hand. They will invest in product development and networking.
Cakelicious Shark Tank
Offers and counter offers
No sharks were interested and there were no offer and counter offers.
Bowled.io Final deal
No de was finalized with any shark.