What Happened to MetroRide After Shark Tank India?

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What is MetroRide?

MetroRide is an AI-based EV platform. It connects daily commuters to public transport. One can book 2 or 3-wheeler electric vehicles through the application.

MetroRide has many women drivers also. Currently, MetroRide is available in Hyderabad, Bangalore and Delhi.

Who is the Founder of MetroRide?

Kaaman Agarwal & Girish Nagpal are the founders of MetroRide.
Girish previously worked in leadership positions. Kaaman is the tech guy.

MetroRide Before Shark Tank India?

MetroRide has served more than 6 Lakh people in 1.5 years. The average wait time is only 2 minutes. They are not a competitor of the public transport. Rather they help people take public transport.

Currently, they have 150 vehicles onboard. These 150 vehicles are making 3000 ~ 3250 rides per day.

How much money did they ask for on the pitch?

They came to Shark Tank India seeking ₹75 lakhs for 1% equity in the company. Which gives the company a valuation of ₹75 Crores.

How to get MetroRide?

One can easily download the MetroRide application from Google Play Store and Apple Store.

Once you download the MetroRide application you can choose whether you want to share a ride with others or book a private ride. Once you select that option you’ll see your pickup point. Then you’ve to select the metro station you want to go to.

After doing all these, MetroRide will assign you a driver. You can book a maximum of 2 seats.

What are the Annual Sales of MetroRide?

Fiscal YearAnnual Sales
2021 – 2022₹54 Lakhs

Which shark gave MetroRide an offer?

Namita Thapar was out. She thought the valuation was too high for the business.

Anupam Mittal was out. He thought there was no business model. In the long run, it wouldn’t sustain unless they get 100’s of millions of $.

Aman Gupta was also out. He advised them to onboard more vehicles as soon as possible.

Amit Jain was out.

Peyush Bansal was out.

What deal did MetroRide get in Shark Tank India?

MetroRide didn’t get any deal in Shark Tank India.

Company NameMetroRide
FounderKaaman Agarwal & Girish Nagpal
Asked Amount₹75 lakhs for 1%
Final DealNo Deal
SharkNo Shark
Company Net Worth₹75 Crores
Company Websitemetroride.in
Company StatusIn Business

What is the net worth of MetroRide?

Currently, the net worth of MetroRide is ₹75 Crores.

Is MetroRide still in Business?

Yes, MetroRide is still doing business and transporting people to metro stations.

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