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Hornback Shark Tank India Season 2

by IndiaSuccessStories
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Hornback Shark Tank India Season 2 Got 50 Lakhs Funding in Exchange of 2.5% Equity by Amit Jain.

Hornback Shark Tank India Season 2

Pitch no 116 with company details

Hornback

A consumer goods firm called Hornback focuses on offering intelligent mobility solutions. Aside from the electric bicycle, Hornback has already created and produced a number of other goods, such as race vehicles, DRDO kamikaze drones, patented home automation systems, solar lamps that have won awards, and more.

Founder of Hornback

The company was founded by IIT Bombay alumni Nishith Parikh and Rajkumar Kewat. They are the designers of the first folding electric bicycle in the world with a diamond frame that is protected by four patents.

Hornback Funding Round

Company Name

Hornback

Shark Tank India Season

2

Episode No

37

Season No

2

Brand

Hornback

Idea

Foldable cycle

Original Ask

50 Lakhs for 1% Equity

Deal

50 Lakhs for 2.5% Equity

Invested By:

Amit Jain

At the heart of Hornback's pitch was a commitment to reimagining urban mobility with a focus on sustainability and convenience. Their foldable cycle offered commuters a compact and portable transportation option that could easily be folded and stored in tight spaces such as apartments, offices, or public transportation vehicles. With features such as lightweight design, durable construction, and seamless folding mechanism, Hornback aimed to provide urban dwellers with a practical and affordable alternative to traditional modes of transportation.

The Pitch:

Hornback entered the tank with a groundbreaking idea to address the challenges of urban transportation with their foldable cycle innovation. Their concept aimed to provide a convenient, eco-friendly, and efficient solution for commuters navigating bustling city streets. With an original ask of ₹50 Lakhs for 1% equity, Hornback sought investment to further develop their foldable cycle technology, expand their manufacturing capabilities, and launch their product into the market.

The Deal:

Hornback's innovative foldable cycle concept and their compelling pitch resonated with investor Amit Jain, who recognized the potential for disruption and growth in the urban mobility market. Securing a deal with Amit Jain, Hornback gained not only the financial backing they needed but also a strategic partner with expertise in scaling consumer products. With his support, Hornback is poised to accelerate the development and commercialization of their foldable cycle, making sustainable urban commuting accessible to people around the world.

Investors Behind Lil'Goodness

Amit Jain: With the backing of investor Amit Jain, Hornback is well-positioned to lead the charge in revolutionizing urban commuting with their foldable cycle innovation. The investment will enable Hornback to ramp up production, enhance their marketing efforts, and establish distribution channels, bringing their innovative product to market and empowering commuters to embrace sustainable transportation options.

Conclusion:

Hornback's success on Shark Tank India Season 2, Episode 37 underscores the potential of innovative solutions to address pressing urban challenges and improve the quality of life for city dwellers. As they continue to innovate and expand their reach, Hornback stands poised to reshape the future of urban mobility, one foldable cycle at a time.

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