Skate Supply India is focused on bringing high-quality skateboarding products to Indian consumers. They offer a wide range of products that cater to all levels of skateboarding enthusiasts, from beginners to professionals. The company provides skateboards, longboards, cruisers, and surf skates from some of the most well-known international brands. With exclusive distribution rights for these brands in India, they are positioned to lead the way in the country’s skateboarding culture, which is seeing increasing interest.
They aim to build their own skateboarding brand while expanding the accessibility of skateboarding gear in India. Through their presence on platforms like Shark Tank India, they have sought investments to scale their operations and enhance their brand recognition. Despite a successful pitch in terms of product appeal, Skate Supply India did not secure funding during the show but remains focused on growing their brand and reaching more customers.
Company Name: Skate Supply India
Founder: Jaspreet and Ravinder Singh Walia
Product: Skateboard Manufacturing and Distribution Company
Highlights:
1. Exclusive Distribution Rights: Their unique position in the market comes from their exclusive rights to distribute twenty worldwide skateboard brands in India.
2. Skate Supply India provides skateboards, longboards, cruisers, and surf skates among other skating goods to appeal to all skill levels of aficionados.
3. Target Market: Using a growing community of young people drawn in by extreme sports and unconventional lifestyles, the brand concentrates on the developing skateboarding culture in India.
4. Operating a plant in China for sourcing and production of their goods, they guarantee quality control and maintain cost competitiveness.
5. Although at first concentrating on distribution, Skate Supply India wants to develop its own brand in India, so leveraging the growing interest in skateboarding.
6. Growing Market Potential: Skateboarding is becoming more and more popular in India, hence the company is positioned to attract the interest of younger people willing to try new activities as well as novices and expert skaters.
Pitch Details
Ask: ₹50 lakhs for 2% Equity (Valuation: ₹25 crores).
Deal: After negotiations deal couldn’t happen
Investors: NO DEAL
Conclusion: Ultimately, Skate Supply India’s presentation on Shark Tank India Season 4 highlighted its ability to use India’s developing skateboarding scene. The company has positioned itself as a major participant in the Indian market with exclusive distribution rights for 20 foreign brands and a wide selection of products that suits skaters of all ability. Their China manufacturing base guarantees quality and competitive price range. The company did not get investment from the sharks despite its aspirational aspirations to launch their own brand and the rising market for skating gear in India.
Their great worth and the difficulties of a fresh brand in a crowded market were the key causes of the lack of investment. Still, Skate Supply India’s excellent product line and rising skateboarding scene in India create space for possible future expansion. They are still concentrated on growing their brand and probably will keep trying to be more noticeable in the market.
