Using sensors and artificial intelligence, Roadbounce is a novel road safety tool that detects road hazards including potholes and obstructions, therefore offering riders and drivers proactive warnings. It also compiles and assesses road conditions, therefore producing a road quality map. Presenting its idea on Shark Tank India, Founder Ranjeet Deshmukh requested 80 lakhs rupees for a 10% equity investment in the venture. Their data at the time of the pitch totalled about 50,000 kilometers.
Running under a service-based approach, Roadbounce gets money from either the government or road builders. Though the COVID-19 epidemic caused a revenue drop of 30 lakhs in FY 20-21, the company had previously brought in ₹1.5 Crore in income in FY19-20. With intentions to meet contracts of ₹2.5 Crores by year-end, Roadbounce obtained contracts year-to- date in FY21-22.
Company Name: RoadBounce
Founder: Ranjeet Deshmukh
Product: Software Company
Highlights
- Using smartphone sensors, AI-driven road condition assessment finds road anomalies without further equipment needed.
- Provides tools for budget optimization, live monitoring, and interactive visualizations to support infrastructure management—that is, complete solutions for governments and businesses.
- Has digitized over 22,000 kilometers of roadways, therefore enhanced client worldwide safety and saving costs.
- Real-time data collecting and analysis made possible by user-friendly mobile apps helps to enable preventative maintenance and improved driving conditions.
Pitch Details
Ask: ₹80 lakhs for 10% equity (Valuation: ₹8 crores).
Deal: After negotiation Peyush Bansal, finished the deal at ₹80 lakhs for 20% equity.
Investors: The investment came from Peyush Bansal.
Conclusion:
RoadBounce’s presentation on Shark Tank India underlined its dedication to transform infrastructure management and road safety by means of innovative technologies. Using artificial intelligence and smartphone features, the company provides reasonably priced and quick ways to identify and examine road conditions. The good investment obtained during the event emphasizes the possible influence of RoadBounce’s ideas in building safer and more dependable road systems all around.
