- Founder/Owner: Nitin Sharma & Neelam Sharma
- Business: Mobile App
- Ask: ₹80 lakhs for 5% Equity
- Valuation/ Networth: ₹16 Crores
- Funding: No Deal
- Sharks: No Deal
- Episode: Season 3 Episode 50
Road Pilot Shark Tank India Pitch:
Road Pilot is an app where drivers can connect with truck owners and search for jobs. In the app, drivers can avail life insurance, find nearby mechanics, and dhabas. In the past three months, Road Pilot has helped 1000 drivers find work. The founders sought an investment of ₹80 Lakhs for 5% of the company, valuing the business at ₹16 Crores.
Road Pilot has a total of 5,237 users on their platform. 2,780 out of these are truck drivers, 1,367 are fleet owners, and the rest are dhabas & mechanics. The company charges truck owners ₹199 for the basic plan, in which the owner can post 1 classified post. Their second plan is ₹999, in which the user can post 3 classified posts and view contacts of 10 drivers. They also offer a premium plan for ₹2,499, in which the user can create an unlimited number of job posts and view an unlimited number of driver contacts.
Road Pilot also offers 3 plans to truck drivers. The first plan is gold, which costs ₹40, and the user can apply for 1 job. Secondly, they offer the Diamond plan, in which the driver can apply for 10 jobs. Their platinum plan costs ₹2,950, which comes with unlimited job applications, a discount on dhabas, contacts of mechanics, medical claim of ₹1 Lakh, and personal accident insurance of ₹5 Lakhs.
Road Pilot’s Revenue during Shark Tank India:
Road Pilot also conducts a background verification of all the drivers on board. They closed their last financial year of FY22-23 with revenue of ₹9.87 Lakhs. They made revenue of ₹1.17 lakhs in the month of September 2023. 70% of the total revenue comes from truck drivers, and 30% comes from fleet owners.
Road Pilot Shark Tank India Negotiations & Funding:
Aman was the first shark to go out, citing that it’s a trust business and it would be hard for fleet owners to trust someone unknown they meet through the app. Anupam goes out because he felt like the product is not market fit yet. Namita & Vineeta go out due to the same reason. Amit goes out, citing it’s not a big market and this is not an investable company. Road Pilot leaves the tank without a deal.
Who is the founder of Road Pilot?
Nitin Sharma & Neelam Sharma founded Road Pilot. They are from Lucknow.
How is Road Pilot doing after Shark Tank India?
Our research into Road Pilot revealed that while they did not get a deal on Shark Tank India, their appearance on the show would have 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!
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Source: Instagram @1stroadpilot
Here are other companies from Season 3 Episode 50: