- Founder/Owner: Rishabh Ahuja and Rohan Raj
- Business: Custom Gym Subscription
- Ask: ₹7 Lakhs for 10% Equity
- Valuation/ Net worth: ₹70 Lakhs
- Funding: ₹7 Lakhs for 10% Equity(Conditional)
- Sharks: Aman Gupta
- Episode: Season 3 Episode 32
MEPACK Shark Tank India Pitch:
MEPACK is an online platform that empowers customers to tailor their own gym subscriptions according to their preferences. Presently, they boast a roster of 75 gyms located in Delhi. The platform provides comprehensive reviews covering details such as location, trainers, equipment, and more to aid customers in making informed decisions. To subscribe, customers must select a minimum of 10 days, with pricing varying depending on the chosen gym. Additionally, vendors are equipped with panels that enable them to effectively monitor their monthly bookings.
MEPACK Financials & Revenue during Shark Tank India:
MEPACK was launched in June 2023, and since then, they have achieved impressive lifetime sales of ₹12,500. Looking ahead, their future plans include expanding their service offerings to include yoga and Zumba classes, as well as extending support to gyms in recruiting trainers. To facilitate these expansions, they intend to allocate 10% of the requested amount towards team building, 30% towards marketing efforts, 40% towards the development of their website and app, and the remaining 20% for miscellaneous purposes.
Who are founder of MEPACK?
MEPACK was founded by Rishabh Ahuja and Rohan Raj. Rishabh, aged 20, is currently pursuing a B.Com degree from Ram Lal Anand University in Delhi. Similarly, Rohan, also 20 years old, is pursuing a BA in Stenography from Dyal Singh Evening College in Delhi. The company commenced operations with an initial investment of ₹75,000.
MEPACK Shark Tank India Negotiations & Funding:
Aman was the first shark to opt out, expressing concerns about the viability of the business and advising against pursuing it for the long term. Anupam shared similar sentiments, citing past failures of attempts to change the gym model, and suggested exploring alternative business models before choosing to exit from negotiations. Namita also expressed doubts about the viability of the current model and encouraged the founders to consider starting a different business.
On the other hand, Amit and Ritesh made an offer of ₹7 lakhs for 10% equity, with the condition that the founders bring on board another co-founder specializing in coding. Their proposal aimed to develop a Platform as a Service product for management and automation tailored for small gyms.
How is MEPACK doing after Shark Tank India?
Our research into MEPACK while they did secure a deal on Shark Tank, whether that deal closed is still unclear. It could be because they are still in the due diligence phase.
As of March 2023, The company is experiencing growth due to the shark tank effect. We will update this article with financials and deal closure once more clarity comes to light. In the meantime, you can check out Shark Tank products through Amazon by clicking the button below!
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Source: Instagram @mepackfitness
Here are other companies from Season 3 Episode 32.