- Founder/Owner: Srijan Mehrotra
- Business: Advance AI based Image Model Wrapper
- Ask: ₹25 Lakhs for 10% Equity
- Valuation/ Networth: ₹2.5 Crores
- Funding: ₹25 Lakhs for 10% Equity
- Sharks: Anupam Mittal, Ritesh Agarwal and Amit Jain.
- Episode: Season 3 Episode 31
Model Verse Shark Tank India Pitch:
Model Verse is an Indian startup which appeared on Shark Tank India Season 3 Episode 31. This advanced artificial intelligence platform helps display garments on AI-generated models resembling humans. This platform also allows users to choose any hairstyle, skin tone, ethnicity, and color, which can be simulated on the models. The price per image is ₹35. They have a team of 5 people, all of whom are on contract.
Model Verse Revenue & Financials during Shark Tank India:
They started soft sales in Mar ’23, and up until the filming episode, they had made ₹2.4 lakhs in sales. The founders explained their future plans to go live and charge people on a monthly basis, projecting revenue of ₹13 crores in sales for FY24-25 after investing ₹25 lakhs in the asking amount.
Who are founder of Model Verse?
Model Verse was founded by Srijan Mehrotra, a 25-year-old pursuing an MBA from IIM Kozhikode.
Model Verse Shark Tank India Negotiations & Funding:
Amit Jain made the first offer of 25 lakhs for 10% equity. Anupam and Ritesh combined their offer, also proposing 25 lakhs for 10% equity. Ritesh then requested Amit to join forces with him and Anupam. Aman and Namita chose to stay sidelined from negotiations, believing the founder had received a good deal from the other sharks. The deal was finalized with Anupam, Ritesh, and Amit agreeing to invest 25 lakhs for 10% equity.
How is Model Verse doing after Shark Tank India?
Our research into Model Verse revealed that while they did get 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 @ModelVerse.in
Here are other companies from Season 3 Episode 31.