What Happened to Bullspree After Shark Tank India?
What is Bullspree?
Bullspree is a gaming application. You can learn the basics of the Stock market with this gaming application.
There are multiple contests in the application. You can take part in those contests. You will have your own collection of stocks. Based on your stock performance you will see your placement among the players.
These contests have different entry fees. Whatever the entry fee is, you’ll get 100 times Bullspree coins. Using the Bullspree coins you can make a stock portfolio. At the end of the contest, the person on the top of the leaderboard will win the contest.
Bullspree is built on Flutter & Node JS. You can download the game from both PlayStore and App Store.
There’s no actual stock buying or selling happening in the application so there’s no risk.
Who is the Founder of Bullspree?
Divyansh Mathur, Dharmil Bavishi & Harsh Dhanawat are the founders of Bullspree. They are from Ahmedabad.
Dharmil is an Industrial Engineer. He worked in an E-commerce company.
Dharmil met Divyansh in Jagriti Yatra. It’s a 15-day train journey that has tons of entrepreneurs inside who get to do networking.
Divyansh completed his B. Tech in IIT Delhi. He has experience of leading a team. He takes care of all the development.
Harsh is a chartered accountant.
How much money did they ask for Bullspree?
They came to Shark Tank India seeking ₹75 Lakhs for 1.5% equity in the company. Which gives the company a valuation of ₹50 Crores.
Their competitor is a company like StockGro which recently raised $32 million.
How much money did they raise for Bullspree?
Bullspree has also raised money in 2 rounds.
| Time | Money Raised | Valuation |
| 2021 September | ₹2 Crores | ₹12.5 Crores |
| 2022 February | ₹1 Crore | ₹26.5 Crores |
For marketing purposes, Bullspree tied up with multiple colleges. They also worked with multiple Influencers. Their customer acquisition cost is ₹52.
Average revenue per user
| February 2022 | ₹21 |
| July 2022 | ₹322 |
Which shark gave Bullspree an offer?
Namita Thapar was out. She didn’t find any key differentiator in the business. Also, the founders couldn’t answer some questions regarding their competitors. That also didn’t give Namita the confidence to invest in their business.
Vineeta Singh was out because she’s not too comfortable investing in businesses like this.
Anupam Mittal was out. Anupam checks the three T’s in any business. Team, Time & TAM. Anupam liked the team. He liked TAM. But he didn’t like the time. According to Anupam, they’re a bit too late for the party. That’s why he didn’t invest in the business.
Aman Gupta liked the team. He offered ₹26 Lakhs for 1% equity and ₹49 Lakhs debt. Which gives the company a valuation of ₹26 Crores. This was exactly their previous round valuation.
| Offer 1 | Offer 2 |
| Aman Gupta – ₹26 Lakhs for 1% equity & ₹49 Lakhs debt | Aman Gupta & Peyush Bansal – ₹75 Lakhs for 2.86% |
Peyush Bansal joined Aman Gupta. They offered ₹75 Lakhs for 2.86% of their business.
The founders wanted to do a counteroffer. But later they didn’t.
| Company Name | Bullspree |
| Founder | Divyansh Mathur, Dharmil Bavishi & Harsh Dhanawat |
| Asked Amount | ₹75 Lakhs for 1.5% |
| Final Deal | ₹75 Lakhs for 2.86% |
| Shark | Aman Gupta & Peyush Bansal |
| Company Net Worth | ₹26.22 Crores |
| Company Website | play.google.com/store/apps/details?id=com.app.stockcash |
| Company Status | In Business |
What deal did Bullspree get in Shark Tank India?
They took the offer. The deal was closed at ₹75 Lakhs for 2.86%.
