Competishun Shark Tank India Season 3
Competishun
Competishun is a well-known brand in the IIT-JEE and NEET coaching fields. It offers Pre-Engineering and Pre-Medical training to candidates wishing to get ready for and compete in national and international scholarship exams, including JEE (Main+Advanced), formerly known as IIT-JEE (Indian Institutes of Technology – Joint Entrance Examination).
Founder of Competishun
Competishun was founded by Mohit Tyagi. He studied at Delhi’s Indian Institute of Technology.
Competishun Funding Round
Company Name | Competishun |
Shark Tank India Season | 3 |
Episode No | 49 |
Season No | 3 |
Brand | Competishun |
Idea | Coaching classes for IIT/JEE |
Original Ask | 2 Crores for 1% Equity |
Deal | No Deal |
Invested By: | ——– |
Competishun's idea centered around offering coaching classes specifically tailored for the highly competitive IIT/JEE entrance exams. Recognizing the challenges and pressures faced by students preparing for these exams, Competishun aimed to provide comprehensive study materials, expert guidance, and innovative teaching methodologies to maximize success rates. Their goal was to empower students with the knowledge, skills, and confidence needed to excel in the exams and secure admission to prestigious engineering institutions.
The Pitch:
With an original ask of ₹2 Crores for 1% equity, Competishun showcased their holistic approach to IIT/JEE coaching and highlighted the effectiveness of their teaching methods. They emphasized the track record of success achieved by their students and outlined their plans for expansion and technology integration. The founders' passion for education and their commitment to empowering students resonated with the sharks, who recognized the importance of quality coaching in shaping future engineers and innovators.
The Deal:
Despite the ambitious pitch, Competishun left the tank without a deal. While the sharks acknowledged the potential of the business and the importance of education in India, they expressed concerns about the scalability and differentiation of the coaching model. Without a clear competitive advantage and a solid plan for growth, the sharks hesitated to invest in Competishun at the proposed valuation.
Conclusion:
Although Competishun did not secure an investment in Season 3, Episode 49 of Shark Tank India, their presence on the show highlighted the demand for quality education and the challenges faced by students preparing for competitive exams. By focusing on innovation, personalization, and student success, Competishun has already made an impact in the IIT/JEE coaching industry. As they continue to refine their approach and expand their reach, Competishun remains committed to empowering the next generation of engineers and driving positive change in the education sector.