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Hyperlab Shark Tank India: A Deep Dive into the Sports Tech Startup

Hyperlab Shark Tank India
Hyperlab Shark Tank India
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Web Admin

Web Admin

5 Dariya News

17 Feb 2024

Hyperlab, a sports tech startup focused on revolutionizing athletic training, made a splash on Season 3 of Shark Tank India. Their innovative product, Helios, captured the attention of the Sharks, sparking a bidding war and ultimately landing them a deal. Let's dive into the details of Hyperlab's Shark Tank appearance and explore what makes its technology so unique.

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The Product: Hyperlab Helios - Your AI-Powered Virtual Trainer

Hyperlab's flagship product, Helios, is a smart training system that combines AI and biomechanics to provide personalized virtual coaching. It uses sensors and computer vision to track and analyze athletes' movements, offering real-time feedback and tailored training programs. Think of it as having a pocket-sized coach constantly monitoring your form, identifying weaknesses, and suggesting improvements.

The Pitch: Sharks Impressed, Bidding War Ensues

The founders, Hitarth Parikh, Harsheet Maliwa,l and Chahil Patel presented Helios confidently, highlighting its cutting-edge technology and potential to transform athletic training. They impressed the Sharks with their expertise, passion, and clear vision for the future. Soon, a bidding war erupted, with Sharks battling each other to invest in Hyperlab. 

With a government grant of Rs 45 lakh for product development, Hyperlab has demonstrated its dedication to technical innovation by incorporating AI and ML algorithms into its application. Hyperlab is inviting the Sharks to join them in redefining the future of fitness and training, with an appeal of Rs 10 lakh for one percent stock.

Read more:- Nasher Miles Takes Flight on Shark Tank

The Deal: Aman Gupta Secures Hyperlab's Future

First, Shark Aman offered 10 lakh 1% equity in this deal. The co-founder and CEO of SUGAR Cosmetics, Vineeta Singh, made an offer of Rs 50 lakh in exchange for 5% stock. The executive director of Emcure Pharmaceuticals Ltd., Namita Thapar, made a second offer of Rs. 20 lakh for 1% stock.

Vineeta later withdrew her offer and stated, "Rs 20 lakh for one percent equity."The CEO and creator of Shaadi.com, Anupam Mittal, stated: "Look, you still have roughly Rs 40 to 45 lakh in the bank." It's almost time to pull the trigger. You have four lakh rupees burned. Before March, you'll run out of money. Additionally, you should always have at least six months to gather funds before running out of them."

After a heated exchange, Aman Gupta, co-founder and CEO of boAt, emerged victorious with a ₹25 lakh investment. The deal also included valuable mentorship and guidance from Gupta, a seasoned entrepreneur in the consumer electronics space.

More Than Just a Deal: Hyperlab's Future

Hyperlab's Shark Tank appearance was more than just securing funding. It provided valuable exposure, increasing brand awareness and potential customer interest. With the backing of Aman Gupta, they are well-positioned to scale their operations and bring Helios to a wider audience.

Impact on the Sports Industry

Hyperlab's technology has the potential to democratize access to high-quality coaching, benefiting athletes of all levels. It can bridge the gap between skilled trainers and remote locations, offering personalized guidance regardless of geographical constraints. By providing data-driven insights and targeted training, Hyperlab aims to boost performance, prevent injuries, and ultimately push athletes toward peak fitness.

 

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