Wonderlooms is an adventure gear company focused in designing chic, cozy, and useful items for travellers. They provide a selection of adventure-based protection items including travel gadgets, robust backpacks, and clothing meant for outdoor lovers and tourists. The items provide a blend of style and utility while being built to resist tough environments.
Seeking financing to increase their brand and reach a more wider audience, the entrepreneurs, Prateek Vats and Deepesh Shrivastava, presented their company on Shark Tank Their goal is to give adventure enthusiasts premium, creative tools so that their trip is more pleasant and easy.
Company Name: Wonderlooms
Founder: Prateek Vats and Deepesh Shrivastava
Product: Adventure Apparels for Rider
Highlights:
1. Wanderlooms specializes on creating gear like backpacks, protective apparel, and other accessories for travel and adventure aficioners.
2. Products are made to be functional and durable, to resist demanding conditions and hostile surroundings.
3. While usefulness comes first, the goods also have sophisticated, elegant designs that appeal to explorers’ taste.
4. Wanderlooms uses clever elements such waterproof fabrics, multipurpose sections, and ergonomic designs to improve user comfort and ease.
5. Products target travellers, outdoor enthusiasts, and individuals who appreciate visiting unusual locations.
6. Some of their goods are meant to minimize environmental effect via means of sustainability in mind.
7. Specifically made to provide safety and protection during outdoor pursuits including biking, camping, and hiking is the gear.
Pitch Details
Ask: ₹50 lakhs for 2.5% Equity (Valuation: ₹20 crores)
Deal: After negotiations Namita Thapar and Ritesh Agarwal finished the deal at ₹50 lakhs for 4% equity.
Investors: The investment came from Namita Thapar and Ritesh Agarwal.
Conclusion: Finally, Wanderlooms made a strong case for Shark Tank India Season 4 by highlighting their original adventure-oriented equipment meant for travel buffs. Emphasizing its dedication to durability, style, and utility, the brand satisfied outdoor enthusiasts and tourists. Prateek Vats and Deepesh Shrivastava, the creators, effectively expressed their ideas of offering premium goods improving travel experiences.
The Sharks found their pitch appealing, hence Namita Thapar and Ritesh Agarwal received an investment offer of ₹50 lakh for a 4% equity share. This alliance is supposed to enable Wanderlooms to keep innovating in the adventure gear market, reach more consumers, and expand. After the investment, the company’s valuation came out to be ₹12.5 crore, a major turning point in their path.
