- Founder/Owner: Pusarla Venkat Suraj
- Business: Rage Room
- Ask: ₹20 Lakhs for 30% Equity
- Valuation/ Networth: ₹66.6 Lakhs
- Funding: No Deal
- Sharks: No Deal
- Episode: Season 3 Episode 23
The Rage Room Shark Tank India Pitch:
The Rage Room is an Indian startup which appeared on Shark Tank India season 3 Episode 23. The compnay allows customers to break items inside a room and vent out anger without causing harm to yourself or anyone. The setup includes bottles, air conditioners, televisions, washing machines, and more items. The company is currently based in Hyderabad and has destroyed over 500 products so far. The owner’s vision is to make India a stress-free country, and to fulfill this, he sought an investment of ₹20 Lakhs for 30% of the company, valuing the business at ₹66.67 Lakhs.
The Rage Room was started in October 2022. The owner added that they also have a splash room in their facility for people who do not like to break things but want to throw paint on walls to get their anger out. Further, He added that their consumer base varies from mom-daughter duos to friends, couples, and people with anger issues. 70% of the consumers are female.
The Rage Room Revenue & Financials during Shark Tank India:
The Rage Room charges anywhere between ₹650 to ₹1500 per session depending on objects. The owner added that between 250-300 people visit their facility in Hyderabad every month. Also, They give all consumers a crate upon arrival which costs the business ₹300-320 and includes bottles, keyboards, mice, etc. Moreover, Their raw materials are procured from a recycling company and sent back to them after use.
The Rage Room has a monthly revenue of ₹1.5-1.6 lakhs at the time of their pitch. Out of this, they pay ₹50,000 in rent, raw materials take another ₹40,000, and salaries take about ₹26,000, leaving them with a gross profit of ₹44,000.
The Rage Room Shark Tank India Negotiations & Funding:
Aman was the first shark to go out because he thought that the owner was not serious about the business as Suraj was still only working part-time on this. Namita commented that this company should not be promoted as mental health and anger management issues as she believed that there were other resources available for those issues, therefore, she went out of the negotiations as well.
Vineeta didn’t like the hypothesis the company was giving about anger management as there were no clinical studies to prove those claims; therefore, she goes out of the negotiations as well. Anupam shared the same sentiment; therefore, he goes out as well. Peyush felt like the business was not investable; therefore, he went out as well. Therefore, The Rage Room walked out of the Tank without a deal.
Who is the owner of The Rage Room?
Pusarla Venkat Suraj owns The Rage Room. He is from Hyderabad and works as the head of finance in a corporation.
How is The Rage Room doing after Shark Tank India?
Our research into the company The Rage Room revealed that despite not getting a deal on Shark Tank, the company is still in business and thriving as of February 2024. The show gave the company and owner exposure and validation from all across India, which would help generate awareness and, in turn, revenue for the business. While their financials are not yet public, we will update this article as soon as more information comes to light. In the meantime, you can check out Shark Tank India products by clicking the Amazon button below!
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Source: Instagram @therageroomhyd
Here are other companies from Season 3 Episode 23.