Shark Tank Portl
In this episode of Shark Tank India Portl, a life-size interactive fitness mirror that can track your fitness in every step of your day-to-day life presents the pitch. Will the founder get a deal from the sharks? To know about the deal read till the end.
| Company name | Portl |
| Founders | Indraneel Gupta, Armaan Kandhari, Vishal Chandapeta |
| Ask | ₹ 1.5 crore for 1% equity |
Portl Founders
Indraneel Gupta(CEO), Armaan Kandhar(COO)i, and Vishal Chandapeta(CTO) are the founders of Portl.
Indraneel Gupta did his schooling in Hyderabad. He played state-level cricket for Hyderabad.
Vishal spent 8 years in the US.
About the company Portl
Portl is a life-size interactive fitness mirror that can track your fitness in every step of your day-to-day life. It can track all the activities and can provide you with real-time guidelines. With the AI system of Portl it suggests personalized and enhanced workouts for its users. Very soon with the subscription model you can access live classes, nutrition coaching and mental wellness. They have installed 50 + Portl studios and they have confirmed the order of 5000 more Portl studios. They are available on their own website and experience centers. The features of the Portl studio are :
- Health Vitals
- Portl Fitness Test
- User Preferences
- Interaction with the mirror
The sensor monitors, measures, and analyzes all the activities. The price of the mirror is 1,25,000 rupees. They have started in the year 2021.
Ask by the Owner Portl
Pitchers asked for 1.5 cr. rupees in exchange for 1% equity at a valuation of 150 crore rupees.
Portl Sales And Revenue
The company has raised two rounds of funding. One round is of 7.5 cr rupees at a post-money valuation of 30 crore rupees in the month of June 2021. From June to April, they made their team, content, and product. They started their sales in April 2022. The gross margin is 45% when they sell it directly to customers and 30% when they sell through distributors. The international market has 52% of gross margin. The monthly burn is 26 lakh rupees, monthly sales is 10 lacs, and monthly expenses are 36 lakhs.
Shark Tank Snitch
Offers and counter offers
Anupam offers 1.5 crore rupees for 5% equity at a valuation of 30 cr. rupees.
Vineeta’s offer was 50 lakhs for 1% equity and 1 cr. debt at 12 percent interest at a valuation of 50 crore rupees.
Aman and Namita offer 1 cr for 2% equity and 50 lakhs debt.
Aman, Namita, and Peyush together counter offers 1 cr. rupees for 2.5% equity and 50 lakhs debt.
Portl Final deal
The final deal was for 1.5 cr. rupees in exchange for 2.5% equity with Aman, Peyush, and Namita.