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Mepack Shark Tank India S3 Full Pitch Details

Full detailed information about Mepack pitch in Shark Tank India Season 3. Know more about the business, founders, pitch, deals and hidden facts.
Mepack Shark Tank India

Struggling to justify the cost of a gym membership you barely use? Introducing Mepack, a revolutionary startup that disrupts the traditional gym membership model! Mepack offers pay-per-day gym access, allowing you to ditch the commitment and customize your fitness routine to fit your busy schedule. Imagine only paying for the days you actually hit the gym – sounds too good to be true, right? Join us as we delve into the details of Mepack’s Shark Tank India pitch, where the founders faced the Sharks’ scrutiny. Did their innovative concept land them an investment, or did it fall flat? Stay tuned to find out!

About The Company – Mepack

Startup / Company NameMepack
IndustryFitness Industry
FounderRishab Ahuja & Rohan Raj
Product / ServiceGym Membership Service
Revenue12000 (lifetime) March 23 started

About The Pitcher

Number of PresentersTwo presenters
Name of PresentersRishab Ahuja & Rohan Raj
Pitchers CityDelhi
Pitchers StateDelhi

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Mepack Pitch Details

Shark Tank EpisodeEpisode 32
Original Ask Amount₹ 7 Lakhs
Original Ask Equity10% Equity
Original Valuation 70 Lakhs
Offer Received1) 7 lakhs for 10% Equity (Aman & Ritesh)
Final Deal Amount7 Lakhs
Total Deal Equity10% Equity
Sharks in DealAman & Ritesh

Solutions Offered By Business

Mepack aims to shake up the fitness industry by offering a unique solution for gym goers with unpredictable schedules:

  • Pay-per-Day Access: Ditch the lengthy contracts and monthly fees! Mepack allows you to create a custom gym subscription by only paying for the days you plan to attend. This flexibility eliminates wasted money on unused memberships.
  • Variety and Choice: Mepack isn’t limited to a single gym. Partnering with various gyms, they offer users the freedom to choose the gym that best suits their needs and location, day by day.
  • Transparency and Control: The Mepack platform provides clear pricing for each gym, allowing users to budget effectively. They can view amenities offered by each gym and make informed decisions before booking their workout session.
  • Flexibility for Busy Lifestyles: Traditional gym memberships often clash with unpredictable schedules. Mepack caters to those with busy lives or fluctuating workout routines. You can plan your gym visits around your availability without feeling pressured to stick to a rigid schedule.

However, it’s important to consider some potential limitations:

  • Limited User Base: The target audience might be limited to those who infrequently attend the gym. Regular gym-goers might find traditional memberships more economical.
  • Availability and Pricing: Mepack’s success hinges on partnerships with gyms and their willingness to offer per-day access pricing, which might not be universally available.
  • Competition: Existing players like Cultfit and Fitpass offer similar membership options. Mepack needs to differentiate itself by providing a seamless user experience and potentially offering additional features.

Overall, Mepack offers a promising solution for those seeking a more flexible and cost-effective way to access gyms. Whether their model can disrupt the established gym membership market remains to be seen, but it certainly presents an attractive option for a specific user segment.

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Lesser Known Facts About Mepack

  1. Pay-per-Day Gym Access: Mepack disrupts the traditional model by offering customizable gym subscriptions based on daily usage, a first-of-its-kind concept on the show.
  2. Targeting Busy Schedules: Mepack caters to individuals with unpredictable schedules who can’t commit to regular gym memberships.
  3. Sharks Questioned Viability: The Sharks expressed doubts about the size and profitability of the target market (infrequent gym goers).
  4. Competition Concerns: Existing players like Cultfit and Fitpass offering similar access to multiple gyms raised concerns about differentiation.
  5. Pivot to Gym Management Software: Amit Jain, a Shark, saw potential in the founders and offered investment on the condition they develop software to automate gym management tasks – a potentially more scalable solution.
  6. Founders Accepted New Direction: Despite initial disappointment, the founders embraced the opportunity to create gym management software, showcasing their adaptability.
  7. Investment Secured: Mepack secured a deal Amit Jain and Ritesh Agarwal for ₹7 lakh for 10% equity, albeit for a different business idea.
  8. Open Debate on Gym Memberships: The pitch sparked a debate about the future of gym memberships, with a potential shift towards more flexible and pay-per-use models.
  9. Importance of User Experience: Mepack’s success hinges on creating a user-friendly platform that seamlessly integrates gym selection, booking, and payments.
  10. Technology and the Fitness Industry: The pitch highlights the increasing role of technology in the fitness industry, with solutions like Mepack personalizing the gym experience.


Business Profiles

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Trending Searches Related to Mepack
  • Mepack Shark Tank India
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