Conker App Shark Tank India Pitch:
Conker is an Indian startup which appeared on the Shark Tank India Season 2. It is a skill-based startup. The company delivers skill-based classes through experts and gives job opportunities in related fields as well. The founder sought an investment of ₹40 Lakhs in exchange for 2% equity in the business valuing the company at ₹20 Crores.
Conker App had over 9 Lakh downloads in just 6 months prior to their pitch on Shark Tank India. They have a strong rating of 4.8 Stars out of 5 with over 60,000 total reviews by students. They also had learning of over 1 lakh hours.
Conker App’s Financials & Revenue during Shark Tank India:
Conker App has raised a pre-seed round at ₹20 Crores. Currently, they are raising a second round of funding at ₹40 Crore valuation at dilution of 10% equity. They already had ₹1.5 Crore in commitments. The company teaches mastering courses for all the skills.
The company made a revenue of ₹1.2 Crores in their lifetime. The founder shared that they have only been operational for the past 6 months. Last month, the brand made a revenue of ₹22 Lakhs with a 50% gross margin. they also had a net profit of 8%. They had daily active users of 6,000 and monthly active users of 1.5 Lakhs.
Conker App Shark Tank India Negotiations & Funding:
Peyush asked the Conker App founder what is his ask for the investment but didn’t get a clear answer. He asked again but didn’t get the answer so he decided to get out of the negotiations very early in the pitch.
Namita went out due to the founder not having focus from the founder on one thing. Anupam went out because the founder did not know his business well. Amit couldn’t understand the numbers therefore he went out as well. Aman also went out for the same reason.
Who is the founder of Conker App?
Arvind Arora founded the Conker App. He has worked in Ed-tech companies in the past. He has a YouTube channel with over 14 million subscribers. That channel brings in ₹12-15 Lakhs of revenue per month.
How is Conker App doing after Shark Tank India?
Our research in the Conker App revealed that while the company’s appearance on the show gave them an initial boost in popularity, The company went out of business sometime in late 2023. The founder is still focusing to growing his A2 motivation YouTube channel where he has over 20 million subscribers. You can check other Shark Tank India products by clicking the Amazon button below!
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Here are other companies from Season 2 Episode 42.