Making a 3D representation of your company is made possible by the No-code Software-as- a- Service (SaaS) Enterprise Metaverse Platform Cloudworx It would also enable you to remotely regulate every element of this. You may also create a 3D model for your customer whereby users may investigate your goods and make purchases from the same model. Apart from certain European and Indian customers, Finnish government and Spanish government use their software. For two percent of the business, the company wanted investment of ₹40 lakhs.
Cloudworx generates a heat map of the whole factory and creates 3D models of one of Namita’s factories from all the machinery and things in a Demo for Sharks. It also enables the operator to remotely turn on or off the equipment. Their monthly software expenses range from $5000 to $10,000, equivalent in Indian terms to ₹4-8 lakhs. Add a data element first using Cloudworx; next, create 2D and 3D look and face. Building App processes in Step 3 will allow one to link all the pages and fine-tune everything. Cloudworx also enables 1 click on 18 platforms for publishing the application.
Launched in January 2021, their lifetime sales come at ₹1.45 Crores. In sales last month, Cloudworx made ₹14 lakhs. Their monthly increase runs around 25%. Completing the sales cycle takes two months. May 2020 saw them raise ₹71 lakhs at ₹8 Crore valuation. The founder revealed that they are raising the present round at ₹12.18 Crores.
Company Name: Cloudworx
Founder: Yuvraj Tomar
Product: Metaverse
Highlights
1. Users can develop digital twins devoid of programming knowledge or 3D modeling ability.
2. Based on clouds, a platform guarantees scalability and simple access from anywhere.
3. Integration of IoT with artificial intelligence lets real-time monitoring and automation possible.
4. Applications in industry including smart cities, manufacturing, logistics, and more.
5. Drag-and-drop capability enables non-technical people able of it.
6. Improved operational insights enable companies to picture and maximize their virtual environment workflows.
Pitch Details
Ask: ₹40 lakhs for 2% equity, valuing the company at ₹20 crores.
Deal: After negotiation Namita Thapar and Anupam Mittal finished the deal at ₹40 lakhs for 3.2% equity.
Investors: The investment came from Namita Thapar and Anupam Mittal.
Conclusion:
The pitch from CloudWorx on Shark Tank India emphasized the possibilities of digital twins in the metaverse but also the difficulties in presenting new technology to financiers. Although the platform provides innovative ideas for companies looking for digital transformation, some sharks find it challenging to completely appreciate its worth given its complexity. The conversation exposed uncertainty regarding the instant acceptance of such technologies as well as potential for long-term development. Notwithstanding conflicting opinions, the pitch effectively presented CloudWorx as a creative tool with the capacity to transform operational effectiveness in several industries.
Key Takeaways from the Episode
1. Differentiate Your Brand: Make a memorable value offer.
2. Support Your Valuation with Strong Financial Data and Growth Prospect.
3. Know Your Numbers; be ready with income, margins, and consumer acquisition expenses.
4. Give scalability first priority; investors want companies with well-defined growth strategies.
5. Strong narratives help to increase investor confidence.
