- Founder/Owner: Ayush Singh
- Business: Tech-hospitality and entertainment company
- Ask: ₹1.5 Crores for 5% Equity
- Valuation/ Networth: ₹30 Crores
- Funding: No Deal
- Sharks: No Deal
- Episode: Season 3 Episode 41
MaplePods Shark Tank India Pitch:
MaplePods is an Indian startup which appeared on Shark Tank India Season 3 Episode 46. The company repurposes car shells and converts them into luxurious and private spaces. MaplePods is a tech-hospitality and entertainment company. They have various services of pods providing different offerings. They are currently available in 4 cities, and they would soon have 8 more operational pods as franchises. The founder sought an investment of ₹1.5 Crores for 5% of the company, valuing the business at ₹30 Crores.
MaplePods can be booked through their website and consumer can pick their preferred package, date and time. They are also developing a mobile app for IOS and Android. The company started operations in 2021. Their base packages start for ₹5,000 for 2.5 Hours.
MaplePods shared that they operate from 12 PM to 3 AM daily at a Mumbai hotel. they on average have 6 bookings per day. They also charge full payment in advance. They offer curated packages for Birthdays, Anniversary, Movie, Family and other occasions.
MaplePod’s Revenue & Financials during Shark Tank India:
MaplePods makes about ₹9 lakhs for one location from which they pay hotels 30% of their revenue. ₹3 Lakhs goes to franchise partners leaving the company with the remaining ₹3 Lakhs as profits. They also charge franchise fees of ₹12 Lakhs upfront.
The company made a revenue of ₹60 Lakhs in FY22-23 from booking and another ₹50 Lakhs from Franchises. In total, They made revenue of ₹1.1 Crores last financial year. They are hoping to do a projected profit of around 30% in FY23-24.
MaplePods Shark Tank India Negotiations & Funding:
Namita was the first shark to go out because she felt like that scaling this business would be a major challenge. Vineeta shared the same sentiment therefore she goes out as well. Aman felt like the founder didn’t have a grasp on his numbers therefore he went out as well. Anupam and Ritesh didn’t fully understand the business therefore he went out as well.
Who is the founder of MaplePods?
Ayush Singh Founded MaplePods. He is 27 years old at the time of his pitch and lives in Delhi.
How is MaplePods doing after Shark Tank India?
Our research in the MaplePods revealed that despite not getting a deal on Shark Tank, The company is still in business as of May 2024. The company shared through their socials that they have over 15,000 satisfied clients with 4.1/5 rating. In April 2024, they also revealed that their Mumbai pod is getting a renovation with a new theme. we will update this article once more information comes to light but in the meantime you can check out other Shark Tank India Products by clicking the amazon button below!
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Here are other companies from Season 3 Episode 41.