Woloo is a washroom finder app that got featured in Shark Tank India and works on a subscription-based model. This article aims at woloo app, woloo funding, woloo.in, woloo shark tank, woloo app full form, shark tank India and shark tank India finale episode
|Founder||Supreet Kaur Shah, Manish Kelshikar, and Rupali Kelshikar.|
|Valuation||Rs 12.5 Crore|
|Net WOrth||Rs 64 Lakhs|
|Business Category||Washroom locator app|
|Funding Asked||Rs 50 Lakh for 4% Equity|
|TV Show||Shark Tank India – Episode 35|
Woloo | Shark Tank India
Supreet Kaur Shah, Manish Kelshikar, and Rupali Kelshikar are the founders of Woloo. They started their pitch by telling that a man understands a girl’s pain only when he becomes the father of a girl.
Woloo is an innovation that is a loo discovery platform. It helps users to locate the nearest washroom when they are out of their home and navigate towards the same. This app uses an aggregation model which certifies restrooms in A Grade Restartunts and certifies the same in hygiene and safety ratings.
They have 1200+ Certified restaurants in Mumbai and this is a subscription-based business model. It uses shared economy and this is the reason why it is a highly scalable affordable option for people
What is their ask for funding from Sharks? | Shark Tank India
Their ask is Rs50 Lakhs for 4% Equity. The valuation of a company is Rs 12.5 Crores.
QnA | Sharks asking Woloo | Shark tank India
What are revenue sources?
Their primary model of revenue is their subscription.
You can avail monthly subscription for Rs99 and an Annual subscription for Rs365. The second revenue option is their redemption system.
This app has currently 12000 Downloads, 6000 Paid users, and 4000 Active users.
What is their net worth and sales?
They have clocked revenue of Rs 23 Lakhs in last 3 Months and their last month sales were of Rs 9 Lakhs.
1:1 | Sharks investing in Woloo | Shark Tank India
He has made his decision and he is out from the pitch as he feels that on the platform level they have not solved the problem. Monetization is also not clear so he is out.
She is unable to understand the logical business model. Vineeta is out.
There can be two business models as if you are a washroom locator then that’s a flaunt model as Google is best for you. If you are a washroom certified agency then that’s not a core is yours. He is out.
The problem this startup is targeting is very real but the solution for the same is very complex so Peyush is out from pitch.
The problem is large enough to solve for now she is out but wished co-founders all the best for their future.
He does not feel that will they be able to transform this into a business. Google maps and platforms like Zomato are upgrading themselves then washrooms will be able to list their ratings on google maps. For these reasons, Anupam Mittal is out from pitch.
Will the deal be locked or not?
One has to start with funding that’s why she made an offer.
Namita’s Offer- Rs 25 Lakhs for 10% Equity and Rs25 Lakhs as debt @12%
Orignal ask- Rs50 Lakhs for 4% Equity
Rs35 Lakhs for 6% Equity.
Namita Said that this was non-negotiable and her final offer. If they do not want to take this then she wished them all the best for their future.
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