Shark Tank India: Primebook start-up gets funding
Android laptop made in India ‘Sharks’ Peyush Bansal and Aman Gupta invested Rs 75 lakh in Primebook during the second season of the well-known business reality show Shark Tank India. The business accepted Peyush Bansal and Aman Gupta’s joint offer from Lenskart and boAt for 3% of the equity.
Primebook, which has a current worth of Rs 25 crore, said in a statement that it will use the cash raised to further develop the brand’s technological foundation and advertising strategy so that it can target its target demographic.
“The Primebook team firmly believes that geniuses can be created in any household. We want to make sure that enthusiastic learners’ access to technology serves as a tool, not a barrier, for their success. Shark Tank’s funding will enable us to assemble the ideal team and strengthen our infrastructure so that we can reach students across the nation “Co-founder and CEO of Primebook, Aman Verma, stated.
Only one out of every ten children in India has access to a computer, despite the fact that using one can save educational costs by 85%, according to Primebook’s founders and team during their presentation to the judges. Consequently, a vision was used to create the brand.
“In any home, geniuses can be created, according to Primebook. We want to make sure that ambitious students’ access to technology serves as a tool for their achievement rather than a barrier to it. We can strengthen our infrastructure and hire the right staff to help us build our vision so that we can reach students across the nation thanks to the funding from Shark Tank “Primebook’s co-founder and COO, Aman Verma, stated.
Even though using a computer can save educational costs for students by 85%, only one out of every ten children in India have access to one, according to Primebook’s founders and team in their presentation to the judges. Consequently, the brand was created with a vision.
The brand received individual offers from Vineeta Singh, Aman Gupta, Peyush Bansal, and Anupam Mittal as well as a combined offer from all five sharks after catching the attention of four of the five sharks.
startup based in Delhi Aman Verma and Chitranshu Mahant, co-founders of Primebook and graduates of IIT Delhi, established the company in 2018. The company claims to have collaborated with NGOs, educational institutions, and edtech firms globally to facilitate a seamless transition to hybrid and online learning.