- Founder/Owner: Omkar Pimple
- Business: 4D Edutainment
- Ask: ₹1.2 Crores for 3% Equity
- Valuation/ Networth: ₹40 Crores
- Funding: No Deal
- Sharks: No Deal
- Episode: Season 3 Episode 37
MYRACLE.IO Shark Tank India Pitch:
Myracle.io, a spatial technology, made its appearance on Shark Tank India Season 3 Episode 37. It revolutionizes the physical world into a 4D science lab, crafting an immersive environment through audio, visual elements, interactivity, and physical movement. This innovative software is still in its early stages and is presently operational in 16 schools. Its primary function is serving as a classroom demonstration tool. For effective usage, teachers necessitate a tablet and a smart screen to employ Myracle.io for educating children. Specifically targeting Generation Alpha (ages 12-16).
MYRACLE.IO Financials and Revenue during Shark Tank India:
The annual subscription fee is ₹75,000 per school. Over the next three years, they project to expand to 1000 schools. Currently, they have 1200-1500 students using the Myracle.io app.
Who are founders of MYRACLE.IO ?
Omar Pimple is the founder of Mycrale.io and another company in Germany. He completed a Computer Engineering degree from VIT, Mumbai. Both companies are financially bootstrapped.
MYRACLE.IO Shark Tank India Negotiations & Funding:
Namita was not excited about the model and thus chose to opt out of negotiations. On the other hand, Amit believes the product is not up to par and, consequently, chose to exit the deal. Anupam also expresses his concerns, believing the sales model is incorrect and suggests adopting a bottom-to-top approach. Additionally, he mentions that generative AI is the next big thing and opts out. Ritesh, in his advice to the founder, emphasizes the need to improve the product’s quality and suggests working on pricing before opting out. Similarly, Aman, expressing his views, believes the founder is out of touch with reality and citied advanced labs in schools, ultimately choosing to opt out of the deal.
How is MYRACLE.IO doing after Shark Tank India?
Our research into Myracle.io revealed that while they did not get a deal on Shark Tank India, their appearance on the show had a positive impact on their business. Also, this has given them validation and exposure all over India which would, in turn, translate into sales. We will update this article with sales numbers once they come to light but in the meantime, you can check out Shark Tank India products by clicking the Amazon button below!
Thank you for supporting the blog as we make small commissions on purchases done through the above link.
Source: Instagram @myracle.io
Here are other companies from Season 3 Episode 37