Three young entrepreneurs from Ahmedabad pitched their product “Helios” on Shark Tank India. Helios is a laser training device designed to help athletes improve their reflexes, stamina, and agility.
The entrepreneurs highlighted the features of Helios, including point-based training, reflex testing, and personalized feedback through an accompanying app. They emphasized the device’s portability and potential applications across various sports and fitness activities.
The Sharks were impressed by the innovation but raised concerns about the entrepreneurs’ limited experience in manufacturing and scaling the business. Negotiations ensued, with the Sharks offering investment in exchange for equity. Ultimately, the entrepreneurs accepted a deal that exceeded their initial request.
This pitch showcased a novel sports training tool and the challenges faced by young entrepreneurs seeking funding and navigating the business world.
About The Company – Hyperlab
| Startup / Company Name | Hyperlab |
| Industry | Sports & Fitness Industry |
| Founder | Hitarth Parikh, Chahil Patel, and Harsheet Maliwal |
| Product / Service | Helios |
| Revenue | NA |
About The Pitcher
| Number of Presenters | Three presenters |
| Name of Presenters | Hitarth Parikh, Chahil Patel, and Harsheet Maliwal |
| Pitchers City | Ahemdabad |
| Pitchers State | Gujarat |
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Hyperlab Pitch Details
| Shark Tank Episode | Episode 18 |
| Original Ask Amount | ₹ 10 Lakhs |
| Original Ask Equity | 1% Equity |
| Original Valuation | 10 Crores |
| Offer Received | 1) 25 Lakhs For 1% Equity (Aman Gupta) 2) 50 Lakhs For 5% Equity / 25 Lakhs For 1% Equity (Vineeta) 3) 25 Lakhs For 1% Equity (Namita) 4) 10 Lakhs For 1% Equity (Amit) 5) 1 Crore For 5% Equity (Anupam) |
| Final Deal Amount | ₹ 25 Lakhs |
| Total Deal Equity | 1% Equity |
| Sharks in Deal | Aman Gupta |
Solutions Offered by Helios
The Helios laser training device addresses a specific need in the sports and fitness market: providing a portable and data-driven training tool to improve athletic performance. Here’s a breakdown of the solutions it offers:
Measurable Training:
- Tracks parameters: Unlike traditional training methods, Helios goes beyond just observing performance. It measures aspects like speed, reaction time, and consistency, providing athletes with quantifiable data to track progress.
- Personalized feedback: The accompanying app analyzes the collected data and offers personalized feedback on strengths, weaknesses, and areas for improvement. This allows athletes to tailor their training routines for better results.
Enhanced Skills:
- Multiple training modes: Helios offers various modes like point-based training, reflex testing, and “killer mode” to target different aspects of athletic performance, including agility, stamina, and reaction time.
- Simulates real-world scenarios: The device can be adapted to various sports by mimicking movements and drills specific to that activity. This helps athletes translate their training gains into real-world performance.
Accessibility and Scalability:
- Portable and versatile: The device is compact and can be used anywhere, making it suitable for individual training or group sessions.
- App integration: The mobile app provides a user-friendly interface to track progress, analyze data, and access additional training resources.
Additional Considerations:
- Potential applications: While primarily targeted towards athletes, Helios could also be beneficial for general fitness enthusiasts and physical therapy purposes.
- Data privacy: The app collects user data, so ensuring its security and responsible use is crucial.
Overall, Helios offers a solution for athletes and fitness enthusiasts seeking a data-driven and personalized approach to training, helping them improve their performance and achieve their goals.
Interesting Facts About Hyperlab
Here are some interesting facts about the Helios pitch on Shark Tank India:
- Unique Product: Helios offered a novel approach to athletic training, combining laser technology with data analysis for personalized feedback.
- Bootstrapped Venture: The company received a government grant and investment from an incubator, demonstrating resourcefulness.
- Sharks’ Interest: Despite the entrepreneurs’ lack of experience, the Sharks recognized the potential of the product and its applications.
- Focus on Data and Personalization: The pitch highlighted the importance of data-driven training and personalized feedback in achieving athletic goals.
- Challenges Highlighted: The concerns raised by the Sharks regarding manufacturing and scaling reflected the difficulties faced by young entrepreneurs.
These facts paint a picture of a promising startup with a innovative product, driven by passionate young minds. The pitch also sheds light on the challenges faced by entrepreneurs in the initial stages of building a business.
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