A student community portal called EventBeep was created to assist students in finding clubs, events, activities, and opportunities in Indian schools and universities. With the help of the app, students will be able to participate in extracurricular activities, remain informed about school events, and look into networking opportunities. In order to bridge the gap between students and events, the founders presented their creative proposal. They emphasized how extracurricular activities enhance campus life, yet students frequently miss out because of a lack of communication and event visibility.

Company Name: EventBeep

Founder: Rakhi Pal, Saurabh Mangrulkar, Venkatesh Prasad

Product: Next Gen Students community Application

Highlights

• By providing a unified platform for event discovery, registration, and engagement, the founders of EventBeep aimed to address the disjointed operations of student communities and events on the majority of campuses.
• With more than 37 million college students in India, EventBeep caters to a sizable student population. In order to make the app the preferred platform for student participation in all college-related events, the founders proposed expanding its use throughout schools and universities.
• The pitch focused on the growing need for platforms that facilitate networking, event participation, and student connection.
• Since he thinks student groups are essential for encouraging creativity, collaboration, and networking, Aman valued the idea and vision. He did, however, wonder if the platform stood out much from other event apps or social networking sites.
• Ashneer acknowledged the market’s potential but questioned the app’s monetization approach and long-term revenue-generating goals.
• Peyush expressed interest in the platform because of its innovative features and scalability. According to him, schools and universities represent a sizable market, and EventBeep has the potential to become a vital component of student life if implemented effectively.
• Aman Gupta, Ashneer Grover, and Peyush Bansal made the decision to invest in the firm following a heated debate and some negotiating. They valued the company at ₹10 crores and offered ₹30 lakhs for 3% Equity.

Pitch Details

Ask: ₹30 lakhs for 2% equity

Deal: After negotiations, Aman, Ashneer and peyush together secured a deal for ₹ 30Lakhs for 3% equity.

Investors: The investment came from Aman Gupta, Ashneer Grover and Peyush Bansal.

Conclusion

EventBeep’s creative solution for the student population, which addresses the gap in event discovery, participation, and networking at universities and colleges, made its Shark Tank India pitch incredibly persuasive. The founders clearly outlined their plan to expand across campuses in order to meet the needs of India’s expanding student body. The Sharks acknowledged the significant development potential in the specialized student engagement industry, although some reservations over market competition and monetization tactics.

Aman Gupta, Ashneer Grover, and Peyush Bansal worked together strategically to obtain the contract, which combined their knowledge of branding, financing, and scalability for ₹30 lakhs for 3% equity. Under their direction, EventBeep may improve user experience, hone its model, and grow quickly. This collaboration sets the stage for EventBeep’s expansion, establishing it as a platform that can revolutionize how students interact with campus life and activities. This makes it an interesting endeavor with a lot of long-term promise.

Significant findings

• Innovative Concept
• Target Market
• Pitch and Investment Ask
• Strong Investor Expertise
• Scalability and Growth Potential
• Concerns Raised
• Strategic Guidance

Key Takeaways from the Episode

1. The episode demonstrated the difficulties in growing businesses, whether they are in consumer goods (MeatYourEggs) or technology (EventBeep). Investors stressed the value of having a sound business plan, a well-defined market strategy, and strategies for long-term growth.
2. The pitch emphasized how crucial it is to confront taboo subjects and how building a solid clientele and raising awareness will be essential to the company’s success.
3. The Sharks’ quest for strategic partnership that would help the firms develop faster from improved distribution to tech-driven innovation-influenced the deals struck in the episode.