Shark Tank India Season 3 - As you know, Shark tank India season 3 on air this month. The hyp of the show buzzing Internet and social media through motivational quotes, struggling and results all across the internet. We have seen lots of strong entrepreneurs in the season. Some of the pitchers make a significant story which makes us proud and hilarious sometimes. Today, we are going to discuss one of the pitchers who came in Shark Tank India Season 3 for pitching.
Read more:- Shark Tank Season 3 Judges Name
What is WTF Gyms Pitch Based For in Shark Tank India Season 3?
WTF Gyms isn't like other gym chains. They work with already-existing neighbourhood gyms to convert them into upscale, reasonably priced fitness facilities, operating on a business model akin to OYO. This innovative solution tackled the problem of the high prices and variable quality that are frequently connected to Indian gyms.
Vishal and Anita, the entrepreneurs, had a tremendous enthusiasm and intensity when they gave their presentation. Their goal of democratising fitness and opening it out to a larger audience was well-expressed. The Sharks were moved by their passion and conviction, which increased the presentation's effect.
What is the Valuation of WTF?
As per Vishal Nigam & Anita Nigam, the investment they asked from the Sharks is around Rs. 1 Crores for 2% equity. Which means the current value of the WTF Gyms is 50 Crores.
Main Highlight By WTF Gyms
1. Partners with Rebrand Neighborhood Gyms to Premium Gyms
2. WTF Offering 5 Years of Partnership
3. Affordable Pricing Through WTF Gyms Membership
4. WTF AI Boat, Which Helps Monitor member activity and guide them time to time through its AI Features.
Vision of WTF Gyms
As of now, In Delhi NCR and Bangalore WTF Gyms enrol with 43+ gyms around the city. Now WTF Gyms is planning to launch its service in Kolkata and other regions of India.
Did WTF Get The Deal?
No, WTF Gyms do not get any deals from Sharks. As the valuation which was put by the WTF Gyms did not get justified by the owner.
For more updates from Shark Tank India Season 3, keep exploring 5 Dariya News.