What Happened to Tipayi After Shark Tank India?
What is Tipayi?
Tipayi is a self-balancing cycle brand. With Tipayi kids can learn to balance in their cycle from Day 1. Tipayi cycle doesn’t have any pedals & brakes.
The target group for Tipayi is 1 to 5 years old. They have bikes that can be customized according to different height of the child. When kids are young, they find it difficult to balance the cycle. Tipayi makes it easy for them.
The Tipayi cycle is all-weather resistant. The cycle is made of sustainable wood & premium components. The cycle is quite easy to handle. Kids can carry their own bikes.
Tipayi cycles come in 3 stages. They have 4000+ followers on Instagram.
Who is the Founder of Tipayi?
Prem Kale is the founder of Tipayi. He’s from Pune. He built the first cycle at the age of 17. He founded the company in 2019. He had woodworking skills that helped build this business.
Prem Kale is a dropout. He didn’t continue his education after the 10th standard.
How much did they ask for in the pitch?
Prem Kale came to Shark Tank India seeking ₹50 Lakhs for 10% equity in the company. Which gives the company a valuation of ₹5 Crores.
How much money did he raise for Tipayi?
Prem Kale didn’t raise any money for Tipayi.
How to get Tipayi?
You can get the Tipayi cycle online & offline. You can easily get this in India and recently they’ve started exporting this cycle in the USA also.
Unit Economics of Tipayi
The price of the Tipayi cycle starts from ₹5,000.
What is the Annual Sales of Tipayi?
| Fiscal Year | Annual Sales |
| 2019 – 2020 | ₹50,000 |
| 2020 – 2021 | ₹3 Lakhs |
| 2021 – 2022 | ₹21 Lakhs |
Till now, they haven’t done any marketing for Tipayi. All the sales are happening organically.
| Margins | B2C | B2B |
| Gross Margin | 40% | 30% |
| Net Margin | 30% | 22% |
Which shark gave Tipayi an offer?
Namita Thapar was out because this was a pre-revenue startup for her.
Anupam Mittal was out. He wasn’t confident that this could become a big business.
Vineeta Singh was out. She thought the TAM was too small.
Peyush Bansal was interested in the business. He invested in another startup called Ariro Toys. He thought they could help Tipayi grow as both are basically in the same segment. He offered ₹5 Lakhs for 10% and ₹45 Lakhs debt at 12% interest. It’s not a rich valuation.
| Offer 1 | Offer 2 |
| Peyush Bansal – ₹5 Lakhs for 10% and ₹45 Lakhs debt at 12% interest | Peyush Bansal & Aman Gupta – ₹5 Lakhs for 10% and ₹45 Lakhs debt at 12% interest |
Aman Gupta was interested in the business. He joined Peyush Bansal’s offer.
What deal did Tipayi get in Shark Tank India?
Unfortunately, Prem Kale didn’t take the offer from Aman & Peyush. He didn’t want any debt-associated offer.
What is the net worth of Tipayi?
Currently, the net worth of Tipayi is ₹5 Crores according to Prem’s valuation.
| Company Name | Tipayi |
| Founder | Prem Kale |
| Asked Amount | ₹50 Lakhs for 10% |
| Final Deal | No Deal |
| Shark | No Shark |
| Company Net Worth | ₹5 Crores |
| Company Website | www.vamshycle.com |
| Company Status | In Business |
Is Tipayi still in Business?
Yes, Tipayi is still doing business.
