Hornback Shark Tank India Season 2

by IndiaSuccessStories March 18, 2024

written by IndiaSuccessStories March 18, 2024 0 comment

Table of Contents

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

Conclusion:

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Hornback Shark Tank India Season 2

Hornback

Founder of Hornback

Hornback Funding Round

The Pitch:

The Deal:

Investors Behind Lil'Goodness

Conclusion:

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Hornback

Founder of Hornback

Hornback Funding Round

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The Deal:

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