Shark Tank India Season 2 GunjanApps Studios
In this episode of Shark Tank India, GunjanApps Studios the gaming app for kids will pitch their business idea. Will they be able to impress sharks and get a business deal? Keep reading to know the details of the pitch.
|Company name||GunjanApps Studios|
|Founders||Saurav Gupta and Gunjan Gupta|
|Ask||₹2.5 crores for 1% equity|
GunjanApps Studios Founders
Saurav Gupta and Gunjan Gupta are the founders of GunjanApps studios. Both of them are from Kolkata. Saurabh was brought up in Howrah and he worked as a software engineer before. Gunjan comes from Uttar Pradesh.
About the company GunjanApps Studios
GunjanApps Studios is India’s biggest kids gaming company. This is a series of more than 40 mobile games for kids. Kids of the age category 1.5 years to 12 years can learn English, Maths, puzzles, and workout in the form of games.
They have converted the games app for learning purposes for children and have launched several such apps in the market. They started the company in 2016 with one app and today they are growing with more than 40 apps. They had more than 200 million downloads. Their vision is to make Gunjan apps available to every child. Among all the games, maths games it is the most popular as it has 60 million downloads with 3 lakh positive reviews.
Ask by the GunjanApps Studios Owners
The founders made an ask of ₹2.5 crores for 1% equity of the company at the valuation of ₹250 crores.
GunjanApps Studios Sales and Revenue
The revenue is generated from three streams, first is advertisements, second is in-app purchases and third is subscriptions. From advertisements 96% of revenue is generated, 3% of revenue from subscriptions and 1% comes from in-app purchases. In FY 21 to 22 the annual sales are 24 crores in FY 22 to 23 the sales in 5 months is 8 crores. The annual revenue run rate is rupees 17.4 crores in FY 20 to 21 the annual sales are 14.7 crores there gross profit is 22.8 crores and EBITDA is 21 crores. the net profit is 15 crores. Currently, their team size is 32 members.
Offers and Counter Offers
as all the sharks stepped out so no offers encounter offers but done
Final deal of GunjanApps Studios
No final deal was done