Bakarmax’s founder started his pitch in a very interesting way.
There was a wave of becoming Engineers, so everyone started becoming one. Then there was a wave of having MBA degrees, then everyone started getting one. Then there was a wave of stand-up comedians. So, there were stand-up comedians everywhere in the country.
Now the trending wave is having a startup and raising funds for that. That’s why Bakarmax founder came to Shark Tank India and sought funding, later he’d fly to Dubai with the money.
I’m just kidding.
Who is the Founder of Bakarmax?
Sumit Kumar is the founder of Bakarmax. He’s a character I must say.
In childhood, Sumit used to watch animations and cartoons a lot. Also, he had an interest in comics. He wanted to pursue a career in this. That’s when he thought of making comics and animation for the adult audience.
What is Bakarmax?
He founded Bakarmax which is a full-fledged web comics & animation studio. Before founding the company he interned with other popular companies, like the Chacha Chaudhary team.
They release 4 webcomics & 2 animation shorts per month. They release these products on their own platform which has 40 more contributors.
Bakarmax also made an Ad for Cred which gained huge traction. It basically went viral.
How much money did he ask for Bakarmax?
Sumit Kumar came to Shark Tank India seeking ₹35 Lakhs for 5% equity in the company. Which gives the company a valuation of ₹7 Crores.
Bakarmax has made some portfolios, but marketing is not their strong part. They only have 9000 traffic to their website, which is like really low.
What are the Monthly Sales of Bakarmax?
The average monthly revenue is ₹5.8 Lakhs.
Which shark gave Bakarmax an offer?
Namita Thapar was out because she thought humor is subjective and she didn’t like the animation Sumit showed during the pitch. Also, she advised them to make ads for clients rather than spending money on original content, as this path will bring in more money.
Ashneer Grover was out because he thought the founder was more concerned about the art than making it a business.
Anupam Mittal was out. However, he advised them to grow their service business more and continue making original content. Because if any intellectual property becomes popular then it’d be like having a jackpot.
But the problem is, there’s no guarantee when that jackpot will arrive.
Aman Gupta was out because he thought Sumit Kumar as an individual was funny, but the animation he showed was not funny. That’s why he didn’t make an offer.
Peyush Bansal was interested but he didn’t make any offer because he thought at the time the business was not big enough. It didn’t have a large audience.
|₹35 Lakhs for 5%
|Company Net Worth