What Happened to Wyld After Shark Tank India?
What is Wyld?
Wyld is a social currency visa-powered payment card based in India. It gives people the opportunity to earn money from their Instagram posts and reels.
Who is the Founder of Wyld?
Yash Sakhlecha, Rij Eappen & Dishan Sanghvi are the founders of Wyld. They are from Mumbai. Dishant is the CEO, Rij is the CMO and Yash is the COO.
Wyld Before Shark Tank India?
They started the company back in July 2023. They have 500 active users. These users are spending ₹3500 on average and getting 30% cashback on average.
How much money did they ask for on the pitch?
They came to Shark Tank India seeking ₹50 Lakhs for 0.5% equity in the company Wyld. Which gives the company a valuation of ₹100 Crores.
How much money did they raise for Wyld?
They raised money in two rounds for Wyld.
| Time | Money Raised | Valuation |
| January 2022 | ₹2.75 Crores | ₹18 Crores |
| August 2022 | ₹2.5 Crores | ₹55 Crores Floor, ₹100 Crores Cap |
How to get a Wyld card?
If you have more than 1000 followers on Instagram, then you can apply for a Wyld card. There are many partner brands associated with Wyld. When you have a Wyld card you can connect that with your local bank account and deposit money in it.
Then using the card, you can shop from those partner brands. There are 200+ partner brands at the moment. Then when you post your photo or reels on Instagram tagging that particular partner brand, you’ll get a cashback reward.
You can get anywhere between 30% ~ 100% cashback rewards. Then you can use that money anywhere you want. There’s an application for using the Wyld card also.
The partner brands are bearing the cost of these cashback rewards. Brands pay Wyld in advance. Wyld is doing the marketing for these brands and at the same time saving their marketing budget.
But just because you’re getting cashback you can’t misuse it. You can’t avail of cashback from the same brand more than twice in 1 month.
Based on your social media following, you’ll get a Wyld score from the team. Based on your score you can avail of these cashback rewards. The score ranges from 100 to 1000.
| Wyld score | Cashback on post | Cashback on stories |
| 100 – 200 | 30% | 15% |
| 200 – 300 | 30% | 15% |
| 300 – 400 | 40% | 20% |
| 400 – 500 | 50% | 25% |
| 500 – 600 | 60% | 40% |
| 600 – 700 | 70% | 50% |
| 700 – 800 | 80% | 60% |
| 800 – 900 | 90% | 70% |
| 900 – 1000 | 100% | 80% |
How does Wyld make money?
Wyld makes money in 3 ways.
- They charge 10% of sales as an affiliate fee from the brands
- They get 1% of sales as merchant discount rate from the brands
- They charge users 599 for the physical card
Which shark gave Wyld an offer?
Azhar Iqubal offered them ₹50 Lakhs for 5%.
Namita Thapar joined Azhar Iqubal’s offer.
Amit Jain offered them ₹11 Lakhs for 0.2% & ₹39 Lakhs debt at 12% interest for 3 years.
Anupam Mittal offered them ₹50 Lakhs for 3%.
Peyush Bansal offered them ₹50 Lakhs for 2.5%.
| Offer 1 | Offer 2 | Offer 3 | Offer 4 | Offer 5 |
| Azhar Iqubal – ₹50 Lakhs for 5% | Azhar Iqubal & Namita Thapar – ₹50 Lakhs for 5% | Amit Jain – ₹11 Lakhs for 0.2% & ₹39 Lakhs debt at 12% interest | Anupam Mittal – ₹50 Lakhs for 3% | Peyush Bansal – ₹50 Lakhs for 2.5% |
The founders wanted to make a deal on a better valuation. The sharks revised their offers.
| Revised Offer 1 | Revised Offer 2 | Revised Offer 3 |
| Amit Jain – ₹50 Lakhs for 1% | Peyush Bansal, Namita Thapar, and Azhar Iqubal – ₹75 Lakhs for 1.5% | Anupam Mittal – ₹75 Lakhs for 1.5% |
What deal did Wyld get in Shark Tank India?
Wyld got a deal from Anupam Mittal in Shark Tank India. The deal was ₹75 Lakhs for 1.5%.
| Company Name | Wyld |
| Founder | Yash Sakhlecha, Rij Eappen & Dishan Sanghvi |
| Asked Amount | ₹50 Lakhs for 0.5% |
| Final Deal | ₹75 Lakhs for 1.5% |
| Shark | Anupam Mittal |
| Company Net Worth | ₹50 Crores |
| Company Website | www.getwyld.in |
| Company Status | In Business |
What is the net worth of Wyld?
After the deal, the net worth of Wyld is ₹50 Crores.
Is Wyld still in Business?
Yes, Wyld is still in the Instagram marketing business.
