LOKA Shark Tank India Season 1

Table of Contents

LOKA Shark Tank India Season 1

Pitch no 36 with company details

LOKA

We are LOKA, the first metaverse startup in India, building an immersive and interactive virtual environment for exploration, gaming, socializing, and shopping.

Our goal when we founded LOKA in 2020 was to localize and introduce Indian culture to the metaverse. We are a group of enthusiastic designers, illustrators, and game developers that enjoy making interesting and enjoyable experiences for our customers. We want to be at the vanguard of this transformation because we think the metaverse is the internet’s future.

Founder of LOKA

Currently, Krishnan Sunderarajan holds two positions: co-founder of Foodebaba and founder of LOKA.

LOKA Funding Round

Company Name	LOKA
Shark Tank India Season	1
Episode No	12
Season No	1
Brand	LOKA
Idea	Metaverse App
Original Ask	40 lakhs for 5% equity
Deal	40 lakhs for 24% equity
Invested By:	Anupam Mittal, Aman Gupta and Peyush Bansal

The Pitch:

LOKA entered the tank with a bold vision to transform the digital landscape through their Metaverse app. Their pitch highlighted the growing popularity of virtual worlds and emphasized how LOKA aimed to create an immersive platform where users could socialize, explore, and engage in virtual experiences. With a focus on cutting-edge technology and user-centric design, LOKA sought to capture the imagination of the Sharks and secure the investment needed to propel their app to new heights. Their initial ask of ₹40 lakhs for a 5% equity stake reflected their confidence in the potential of their platform to disrupt the digital space.

The Deal:

Impressed by LOKA's ambitious vision and the potential of their Metaverse app to redefine digital engagement, Anupam Mittal, Aman Gupta, and Peyush Bansal saw an opportunity to invest in a platform at the forefront of technological innovation. They collectively offered the full amount of ₹40 lakhs in exchange for a 24% equity stake, effectively valuing the company at ₹1.67 crores. This strategic investment not only provided LOKA with the capital needed to accelerate their development efforts but also brought on board investors with a wealth of experience and expertise in the tech industry.

Investors Behind LOKA

Conclusion:

The success of LOKA on Shark Tank India Season 1 underscores the growing interest and investment in virtual reality and the Metaverse. By offering a platform that promises to revolutionize digital experiences, LOKA is poised to make a significant impact on how people interact and engage with technology. With the support and guidance of Anupam Mittal, Aman Gupta, and Peyush Bansal, LOKA is well-equipped to navigate the challenges and opportunities of the evolving digital landscape, shaping the future of digital engagement in India and beyond.

LOKA Shark Tank India Season 1

LOKA

Founder of LOKA

LOKA Funding Round

The Pitch:

The Deal:

Investors Behind LOKA

Conclusion:

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LOKA Shark Tank India Season 1

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LOKA

Founder of LOKA

LOKA Funding Round

The Pitch:

The Deal:

Investors Behind LOKA

Conclusion:

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