What Happened to HoloKitab After Shark Tank India?
What is HoloKitab?
HoloKitab is a technology-based company. It uses augmented reality technology and turns the content of boring books into 3D objects. It started as a book venture.
Who is the Founder of HoloKitab?
Nikhil Miglani & Dipanshu Bajaj are the founders of HoloKitab. They started working with VR in 2017. Later they didn’t find the business scalable. Then they shifted from VR to AR.
HoloKitab Before Shark Tank India?
They started HoloKitab in December 2020. It has sold more than 10,000 books. They are offering AR as a service now.
They want to develop a brand name in the education sector.
How much money did they ask for on the pitch?
They came to Shark Tank India seeking ₹45 Lakhs for 10% equity in the company HoloKitab. Which gives the company a valuation of ₹4.5 Crores.
What are the Annual Sales of HoloKitab?
| Fiscal Year | Annual Sales |
| 2020 – 2021 | ₹2 Lakhs |
| 2021 – 2022 | ₹10 Lakhs |
| 2022 – 2023 | ₹3 Lakhs to date |
Which shark gave HoloKitab an offer?
Aman Gupta was out. He found the business model a bit confusing. The brand was working with B2B and B2C both. There was no focus at the moment.
Peyush Bansal was out. He thought the business model was too early. He didn’t find anything that could differentiate them from other similar players. That’s why it didn’t seem like an investable business at the moment.
Vineeta Singh was out. As it was a pre-revenue company. It was quite hard to figure out how the business would grow in the future.
Anupam Mittal was out. He couldn’t figure out whether the company would become big or not.
Namita Thapar offered them ₹45 Lakhs for 25% equity in the company HoloKitab. The offer was given under 2 conditions,
- They need to expand their business in other industries.
- They need to change their revenue model.
| Offer 1 |
| Namita Thapar – ₹45 Lakhs for 25% |
What deal did HoloKitab get in Shark Tank India?
HoloKitab got a deal from Namita Thapar. The deal was ₹45 Lakhs for 25% equity.
| Company Name | HoloKitab |
| Founders | Nikhil Miglani & Dipanshu Bajaj |
| Asked Amount | ₹45 Lakhs for 10% |
| Final Deal | ₹45 Lakhs for 25% |
| Shark | Namita Thapar |
| Company Net Worth | ₹1.8 Crores |
| Company Website | holokitab.in |
| Company Status | In Business |
What is the net worth of HoloKitab?
The net worth of HoloKitab is ₹1.8 Crores.
Is HoloKitab still in Business?
Yes, HoloKitab is still in the AR business.
