VsnapU Shark Tank India Pitch:
VsnapU is a one-stop solution for all photographic needs. The startup appeared in the Shark Tank India season 2 Finale. The founder shared that they are serving a market which is estimated at ₹2 Lakh Crores.
VsnapU were available in 40 cities across India & 28 countries around the Globe at the time of their pitch. The founders shared that they have done over 30 thousand shoots across the globe. They had roster of around 1,000 photographers. The founders had a vision to organize the industry and they sought an investment of ₹50 Lakhs for 1.5% of the company valuing the business at ₹33.33 Crores.
VsnapU was started in 2017. The company has raised two investments prior to its Shark Tank appearance. Their last round was closed just 3 months ago at ₹17 Crore pre-money valuation where they raised ₹2.1 Crores. The company operates in both B2C and B2B segments. The company charges ₹1,414 per hour service fees for providing photographers.
VsnapU pays photographers 55% of the revenue and they take the rest. They are currently running at a ₹15 Lakh per month revenue. The founders disclosed that this would be their Gross merchandise value and after commissions, they would make ₹72 Lakhs per month in Gross revenue.
VsnapU Shark Tank India Negotiations & Funding:
Vineeta was the first shark to go out citing that its a risky business long term because phones are improving rapidly. Anupam added that he is not interested in the B2B side of the business due to low margins and B2C would be difficult to crack due to high CAC therefore he went out of the deal as well.
Namita agreed with the other sharks but also added that this business didn’t fit her logic therefore she went out as well. Peyush went out due to high CAC as well. Aman went out due to competition in this market. VsnapU went out of the tank without a deal.
Who are the founders of VsnapU?
Kaushik Singh, Aanshu Sharma, Taranbir Singh Sahni & Parminder Singh Sahni founded VsnapU.
How is VsnapU doing after Shark Tank India?
Our research in the VsnapU revealed that despite not getting a deal on Shark Tank India, The company is still in business as of August 2024. You can check out their website for more updates or click the Amazon button below to check other Shark Tank India products.
Thank you for supporting the blog as we make small commissions on purchases through the above link.
Here are other companies from Season 2 Episode 46.