Shark Tank Conker App
In this episode of Shark Tank India Conker App, a skill-based startup presents the pitch. Will the founder get a deal from the sharks? To know about the deal read till the end.
|Company name||Conker App|
|Ask||₹40 lakhs for 2% equity|
Conker App Founder
Arvind Arora is the founder of the company and he came from Bangalore. His career started as an offline teacher but later he started teaching chemistry online. He has worked with many fintech companies.
About the company Conker App
Conquer app is a skill-based startup that offers skill-based courses through experts. They offer job opportunities. The simple way to use it is to download the app and select the skill set according to your choice. Next, complete the course and submit the resume. In the last 6 months there were nine lakh downloads of the Conker App. They have a rating of 4.8. Till now 60k students have given reviews. More than one lakh learning hours are completed through their app. Their vision is to make Conker App on the top of the list of skill-based apps. And most importantly the students who did their courses from Conker App should get a job. They avoid traditional exam patterns and teach courses such as how to teach online, YouTube mastery, Facebook mastery, and LinkedIn mastery courses. The daily active users are 6000 and the monthly active users are 1.5 lakhs.
Ask by the Owner Conker App
Initially, the owner did not ask for any investment, instead, he wanted all the sharks to be involved behind this mission.
Later he made an ask of 40 lakhs for 2% equity of the company at the valuation of 20 crores.
Conker App Sales And Revenue
Their last round valuation is 20 crores. And currently have an open second round for 40 crores. Their lifetime sales is 1.2 crores. Last month’s sales were 22 lakhs. The gross margin is 50%. The net margin is 8%. A2 motivation is a YouTube channel run by Arvind where monthly sales are 12 to 15 lacs.
Shark Tank Metro Ride
Offers and counter offers
No offers were given as all the sharks stepped out of the deal.
Conker App Final deal
No final deal was done.