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Season 1

RoadBounce Shark Tank India Season 1

by IndiaSuccessStories
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RoadBounce Shark Tank India Season 1 Got 80 Lakhs Funding in Exchange of 20% Equity by Peyush Bansal.

RoadBounce Shark Tank India Season 1

Pitch no 53 with company details

RoadBounce

RoadBounce is a technology for measuring road roughness based on vibration. A smartphone app called RoadBounce, which is seeking for a patent, assists in estimating road roughness and driving comfort.

Founder of RoadBounce

Deshmukh, Ranjeet. Pune, India. Software Development, Team Leadership, and Technology Development are areas of interest. Currently, he is the founder of RoadBounce, an innovative mobile platform that uses big data analysis to reduce road accidents and automatically detect potholes.

RoadBounce Funding Round

Company Name

RoadBounce

Shark Tank India Season

1

Episode No

17

Season No

1

Brand

RoadBounce

Idea

Pothole Detection Software and Data

Original Ask

80 lakhs for 10% equity

Deal

80 lakhs for 20% equity

Invested By:

Peyush Bansal

At the heart of RoadBounce's pitch lay a commitment to leveraging technology for social good and enhancing road safety for all stakeholders. Their pothole detection software aimed to transform the way road infrastructure was monitored, maintained, and managed, providing authorities with actionable data to prioritize repairs and upgrades. By harnessing the power of sensors, GPS technology, and data analytics, RoadBounce sought to create a comprehensive platform that not only identified potholes but also analyzed traffic patterns, road conditions, and environmental factors to optimize transportation networks and enhance the overall driving experience.

The Pitch:

RoadBounce's pitch aimed to tackle the widespread problem of road hazards, particularly potholes, which pose significant risks to drivers, pedestrians, and vehicles alike. Their innovative software utilized advanced technology, including sensors and data analytics, to detect and map potholes in real-time, providing valuable insights to government agencies, transportation authorities, and urban planners. With a focus on improving road safety, minimizing accidents, and optimizing infrastructure maintenance, RoadBounce sought to make a meaningful impact on the lives of millions of people across India.

The Deal:

Impressed by RoadBounce's innovative approach to addressing a critical issue of road safety, investor Peyush Bansal recognized the potential for their solution to make a significant impact on society. He offered the full amount of 80 lakhs in exchange for a 20% equity stake, acknowledging the value of RoadBounce's technology and its potential to revolutionize road infrastructure management in India. This strategic investment not only provided RoadBounce with the capital needed to scale their operations but also brought on board an investor with a shared vision for leveraging technology to drive positive change.

Investors Behind RoadBounce

Peyush Bansal: RoadBounce eagerly accepted the offer from Peyush Bansal, marking a significant milestone in their journey to revolutionize road safety through their pothole detection software. With the backing of an investor who shared their passion for innovation and social impact, RoadBounce was well-positioned to expand its reach, enhance its technology platform, and make a meaningful difference in improving road infrastructure and safety across India.

Conclusion:

The success of RoadBounce on Shark Tank India Season 1 highlights the transformative potential of technology in addressing critical societal challenges such as road safety. By offering a cutting-edge solution for pothole detection and data analysis, RoadBounce is poised to revolutionize road infrastructure management and enhance safety for millions of people. With the support of investor Peyush Bansal, RoadBounce is well-equipped to realize its vision of creating safer, more efficient transportation networks and improving the quality of life for communities across India.

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