By ‘Shark Tank India’ season 3, Hyperlab, a pioneering sports-tech startup, clinched a significant deal worth ₹25 lakh with Aman Gupta, marking a pivotal moment in their journey to revolutionize athletic training.
Founded by Hitarth Parikh and Chahil Patel, Hyperlab introduced ‘Helios’, a patented sports trainer engineered to propel athletes towards peak performance. Their innovative blend of sports and technology caught the attention of investors, setting the stage for a captivating showdown in the tank.
Hyperlab’s Helios integrates cutting-edge AI and ML algorithms, offering a dynamic training experience that redefines conventional methods. The company’s commitment to technological innovation was further recognized with a government grant of ₹45 lakh for product development, underscoring its potential to reshape the future of fitness and training.
At the heart of Helios lies real-time analytics and innovative laser projection technology, empowering athletes to customize workouts, track progress, and unlock their full potential through precision drills and analytics. Moreover, the platform offers specially curated workout regimes across various sports like football, badminton, and basketball, catering to diverse fitness needs. During their pitch, Hyperlab initiated a captivating showdown, pitting all Sharks against each other in a race to secure a deal with the founders. Amidst the intense competition, Aman Gupta, co-founder and CMO of BOAT, emerged victorious, offering ₹25 lakh for one percent equity, aligning with Hyperlab’s vision and potential.
The Sharks’ responses reflected the confidence and excitement surrounding Hyperlab’s innovation. Vineeta Singh, co-founder and CEO of SUGAR Cosmetics, initially offered ₹50 lakh for 5 percent equity, while Namita Thapar, executive director of Emcure Pharmaceuticals Ltd, proposed ₹20 lakh for one percent equity. Vineeta later revised her offer to ₹20 lakh for one percent equity, emphasizing the strategic value Hyperlab could gain from their partnership. Anupam Mittal, founder and CEO of Shaadi.com, provided valuable insights into financial sustainability, highlighting the importance of maintaining a healthy runway for growth. Namita Thapar also expressed willingness to connect Hyperlab with potential investors, emphasizing their support beyond the deal.
Reflecting on their experience, Hitarth Parikh, founder and CEO of Hyperlab, described ‘Shark Tank India 3’ as a game-changer, providing invaluable lessons, connections, and industry insights. The platform not only validated Hyperlab’s belief in their product but also fueled excitement for their journey ahead. With the deal sealed, Hyperlab is poised to accelerate its mission of bringing cutting-edge sports technology to athletes and fitness enthusiasts worldwide. The buzz generated by their pitch underscores the potential of Hyperlab to redefine athletic training on a global scale.
‘Shark Tank India 3’ continues to showcase groundbreaking innovations and entrepreneurial spirit, streaming on Sony LIV, inspiring aspiring entrepreneurs across the nation.
