BOOZ SCOOTERS: Innovative Electric Scooters
SEASON 1TRAVEL & TRANSPORTATION


A New Kind of Commute
Booz Scooters, a startup aiming to redefine urban mobility, made a memorable appearance on the first season of Shark Tank India. With a vision to provide affordable and convenient electric scooters, the entrepreneurs stepped into the Shark Tank hoping for an investment to fuel their growth.
The Pitch: A Bold Valuation
The Booz team entered the tank with a confident pitch, highlighting the potential of their electric scooters in addressing the growing concerns of traffic congestion and pollution. Their business model focused on offering a sustainable and efficient mode of transportation for short distances.
To scale their operations, they sought an investment of ₹40 lakhs for a 15% stake in the company, valuing it at a substantial ₹2.67 crores. This bold valuation raised eyebrows among the sharks, with some questioning the justification for such a high figure at an early stage.
A Test Drive for the Sharks
However, the entrepreneurs managed to impress the sharks with a product demonstration. The sleek and stylish electric scooters caught the eyes of the investors, and many were eager to take them for a spin around the Shark Tank studio. The experience seemed to solidify the belief in the product's potential.
A Shocking Deal
While the valuation was a sticking point for some, the overall potential of the electric scooter market was undeniable. The sharks saw a lucrative opportunity in a sector that was rapidly gaining traction.
In a surprising turn of events, Ashneer Grover and Vineeta Singh came together to make a joint offer. They invested ₹40 lakhs for a staggering 50% equity in the company. This was a shocking deal for the entrepreneurs, but they ultimately accepted the offer, recognizing the value that the sharks could bring to their business.
A Boost for Booz
The appearance on Shark Tank India proved to be a game-changer for Booz Scooters. The investment, coupled with the immense media exposure, propelled the company into the spotlight. The deal not only provided the necessary funds but also brought in the expertise and business acumen of the sharks, helping Booz navigate the challenges of scaling up.
The Booz Scooters pitch remains one of the most talked-about episodes of Shark Tank India, showcasing the high-stakes nature of the show and the potential for startups to achieve remarkable growth with the right support.
Join the electric revolution and experience the future of commuting today!