Gear Head Motors Rides the Deal Tide With the Sharks! - Start-Up Hyderabad
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Gear Head Motors Rides the Deal Tide With the Sharks!

 2 weeks ago    

With electronic vehicles in a boom right now, it becomes essential to have an affordable electric bicycle and tricycle brand. The brainchild of V Sai Meher Krishna & Gunda Nikhil, Gear Head Motors is a Hyderabad-based startup. Selling at a price range starting from Rs. 24,000 up to Rs. 38000, the e-bikes run 50km per charge. They have the vision to make gearhead bikes a household name. With total revenue of Rs. 4 crores and a projection of Rs 20 crores, currently, there are 4 models available.

Gear Head Motors has already signed a 20 crore government order for tricycles. However, the order will not be fulfilled this year. The 4 models that are available are L,I,F,E which have a detachable battery. For the smaller bikes, the battery charge lasts for 2 hours, and for the bigger bikes, it lasts for 3 hours. The battery is lithium-ion, and the battery box can be customized.

Sharks with GHM founders
Credit: Founders of GHM with Sharks Aman & Peyush

With the equity split of 60-40 between the founders, Gear Head Motors seeks an investment of 75L for 2% equity @ a 37.5 cr valuation. Upon discussions with the Sharks, it was revealed that there is a parent company called GHM labs where the designs and technology are developed. The founders countered with a new offer for the merged entity of GHM labs and Gear Head Motors’ at 1 crore for 3% equity @ a 33.33cr valuation. They got an offer from Sharks Aman and Peyush for 1 crore for 7.5% equity @ a 13.33cr valuation. The founders chose this offer and are on a ride to bring e-bikes to every home in India.

Patil Kaki seals the deal!

Image result for patil kaki shark tank

In this fast-paced world where we live away from home, home-style snacks can definitely cure our homesickness. To bring us a home away from home, Vinit Govinda Patil, Geeta Govinda Patil, and Darshil Anil Savla turned their small business of snacks with 5000 into a thriving company called Patil Kaki. Starting in 2020, Patil Kaki sells home-style and hygienic snacks to users from their website. Being a primarily women-run business, the products are hand-made and semi-automated. They offer a range of snacks, modaks, and Puran polis, among others. currently, the shelf life of these products is 25-30 days, but the founders plan to expand the products to increase the shelf life through nitrogen flushing. For lower shelf-life products like modaks and puran polis, they plan to dive down the cloud-kitchen route.

Shark Tank India Season 2- Patil Kaki
Credit: Founders of Patil Kaki & Sharks Aman & Peyush

With a dream to reach every house in India, they have currently made 1.02cr to date this year and have a gross margin of 25%. They seek an investment of 40 lakhs for 2.5% equity. They received multiple offers from Sharks Anupam, Vineeta, Aman & Peyush. Sharks Anupam and Peyush offered them 40 lakhs for 4% equity @ a 10cr valuation. Patil Kaki decided to team up with Anupam & Peyush.

Brandsdaddy AFE sign a deal to put out fires safely with Sharks!

Dealing with fire incidents in the nick of the moment can seem quite a stressful thing. Most times, there is a lack of information about how to use the extinguisher or fire equipment. There is a 66% shortage of fire stations, 78% of equipment, and over 90% of people are unaware of how to use the extinguisher. Moreover, there is a massive shortage of firefighters. To solve this problem, Roshaan & Annkita Mishra began Brandsdaddy AFE (Auto Fire Extinguisher). Their product is an Auto Fire Extinguishing Ball that can instantly extinguish the fire to assist in evacuating. The ball has a shelf life of 5 years, is portable, and is made in India.

Brandsdaddy primarily sells its product currently to companies, the government, insurance agencies, etc. The product costs Rs. 5000 direct to the consumer and from a B2B aspect, the price is Rs. 1000-1500. In FY21-22, the company had sales of 1.44 crores with a growth rate of 184.3% since inception. With 12-12.5L monthly sales, their gross margin is 60% with a net of 10%.

Brandsdaddy shark tank
Credit: Brandsdaddy Instagram

Seeking an investment of 70L for 5% equity @ a 14cr valuation, they received an offer from Shark Namita for 35L for 5% equity and 35L in debt @12% interest @ a 7cr valuation. The founders chose this offer. With their tagline ‘Phattega bomb, bhujegi aag’, they aim to equip people with the ability to put out fires.

Read more about other Shark Tank companies: Shark Tank India Archives

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Rituka M

I am an avid reader and have a passion for writing. Being a law student coming from a commerce background, I have a flair for learning about the dynamic legal and business fraternity, as well as becoming an entrepreneur myself. Innovation, creativity, and hard work are the sole drivers to growth and is my mantra for life.

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