Tipayi designs wooden balance bikes devoid of pedals and breaks. The founder said that their bike designs have various advantages. First of all, from day one children begin to learn about balance. Second, their bikes are adaptable and could be changed with children’s developing bodies; they would not outgrow their bikes fast. Their designs are patented, and India produces all of their bikes.
Made of high materials and sustainable wood, tipayi bikes are all weather proof. Using their bikes, children can improve their motor abilities, core muscular ability, and confidence, the founder also pointed out. The company has lately started exporting to the United States and delivers their bikes all over India. Their sales over their lifetime count 700 units. The entrepreneur valued the company at ₹5 Crores and sought a ₹50 Lakh investment in exchange of 10% equity.
Company Name: Tipayi
Founder: Prem Kale
Product: Kids Wooden Balance Bike without Pedals and Brakes
Highlights
1. Made of premium wood, environmentally friendly materials guarantee sustainability.
2. Pedal-free design lets kids organically grow in balance.
3. Lightweight yet strong, built with child safety in mind.
4. A chic, natural-looking substitute for plastic motorcycles is minimalist aesthetic.
5. Encourages in young rider’s confidence, balance, and coordination to develop their skills.
Pitch Details
Ask: ₹50 lakhs for 10% equity, valuing the company at ₹5 crores.
Deal: After negotiations, deal couldn’t happen
Investors: NO DEAL
Conclusion
Pitch from Tipayi presented a well-made, environmentally friendly product fit for early childhood development. The pitch lacked a deal with the investors even with its creative design and great market possibilities. Comparatively to current plastic balance bikes, the main issues were probably those of scalability, price, and market demand. Although the product appeals greatly to parents searching for environmentally friendly toys, its narrow approach could restrict its investment possibilities. Tipayi is still a great product with a clear goal, though, and with the correct marketing plan it might still carve itself a successful place in the children’s mobility market.
