What Happened to Cloudworx After Shark Tank India?
What is Cloudworx?
Cloudworx is a SAAS platform that lets you make metaverse applications for your company without actually writing any code. You can make a 3D model of your entire business with the help of Cloudworx. You can monitor all the details easily.
All these things can be done remotely. You don’t need to write any code anywhere.
You can sell your products online using this metaverse.
Who is the Founder of Cloudworx?
Yuvraj Tomar is the founder of Cloudworx. He previously worked at Google & CISCO.
Cloudworx Before Shark Tank India?
Yuvraj started working on Cloudworx in 2019. He raised one seed round for it.
How much did he ask for on the pitch?
Yuvraj came to Shark Tank India seeking ₹40 Lakhs for 2% equity in the company. Which gives the company a valuation of ₹20 Crores.
How much money did he raise for Cloudworx?
Cloudworx did 1 seed round. He raised ₹71 Lakhs on ₹8 Crores valuation in May 2020.
How to use Cloudworx?
Let me give you an example of a factory. Suppose you own a factory. Everything in that factory will be converted into 3D models and you can visualize the entire thing with a heatmap.
There’s an energy mapping feature in the software. You can easily turn on or off any machine you want with the press of a button. You don’t have to be physically present in your factory to do that.
You can check the workforce with this also. How many people are present in your factory, that can be shown in the application? Yes. To use the software you don’t need to have any coding skills.
You might be wondering whether you need to download any extra software or application for using this. There’s absolutely no need to do that. You can use it in your browser.
- 1st – Add all the data elements
- 2nd – Create 2D & 3D look and feel
- 3rd – Create application workflows
- 4th – Design & link all the pages
- 5th – Publish your 3D model
Unit Economics of Cloudworx
To use the software you have to purchase both software and hardware.
| Software costing | Hardware costing |
| ₹4.14 Lakhs ~ ₹8.28 Lakhs | ₹830 ~ ₹1660 |
What are the Annual Sales of Cloudworx?
Their lifetime sales are ₹1.45 Crores. Their monthly sales are ₹14 Lakhs.
Which shark gave Cloudworx an offer?
Vineeta Singh was out. She thought she couldn’t help him in the business that much.
Amit Jain was out. He didn’t find any key differentiator in the business.
Aman Gupta was out. He advised him to work on the consumer metaverse also.
Anupam Mittal & Namita Thapar were interested in the business. They offered ₹40 Lakhs for 5%. Under the condition that a tech team will investigate the business in more detail, they would look into the use case of the SAAS platform he created.
| Offer 1 |
| Anupam Mittal & Namita Thapar – ₹40 Lakhs for 5% |
He gave a counteroffer of ₹40 Lakhs for 3.2%.
What deal did Cloudworx get in Shark Tank India?
Cloudworx got a deal from Anupam Mittal & Namita Thapar. The deal was ₹40 Lakhs for 3.2%.
| Company Name | Cloudworx |
| Founder | Yuvraj Tomar |
| Asked Amount | ₹40 Lakhs for 2% |
| Final Deal | ₹40 Lakhs for 3.2% |
| Sharks | Anupam Mittal & Namita Thapar |
| Company Net Worth | ₹12.58 Crores |
| Company Website | www.cloudworx.ai |
| Company Status | In Business |
What is the net worth of Cloudworx?
After the Shark Tank India deal, the net worth of Cloudworx is ₹12.58 Crores.
Is Cloudworx still in Business?
Yes, Cloudworx is still in business.
