7 months ago
Metadrive Pitches on Shark Tank India
Metadrive is a company that makes a special driving game.
Three people, Manish, Suraj, and Chaitanya, showed it on Shark Tank India.
They wanted money to grow their business.
They made a machine that lets people feel like they're really driving.
But the judges, called sharks, didn't give them money because they weren't clear about how they got their money and who their partners are.
The sharks thought the business could be big, but they didn't like that the founders couldn't explain things clearly.
They also thought the founders weren't sure about how to make the business bigger.
The founders wanted to sell their game in arcades and also to airlines and driving schools, but the sharks weren't convinced.
Metadrive is a motion-based driving simulation platform founded by Manish Kumar Malik, Suraj, and Chaitanya.
The founders pitched for Rs 90 lakh for 1% equity with a valuation of Rs 90 crore on Shark Tank India Season 5.
The sharks were impressed with the technology but backed out due to lack of transparency in funding and unclear business scaling plans.
Anupam Mittal and Aman Gupta cited the founders' inability to reveal partners and confusing financial structure as reasons for not investing.
Metadrive's product simulates driving experiences for everyday customers, pilots, and other professional training.
- Who
- Manish Kumar Malik, Suraj, Chaitanya
- What
- Pitch for Metadrive, a motion-based driving simulation platform
- Where
- Shark Tank India
- When
- During Shark Tank India Season 5
- Why
- To secure Rs 90 lakh for 1% equity with a valuation of Rs 90 crore
Key facts
- Founders
- Manish Kumar Malik, Suraj, Chaitanya
- Company
- Metadrive
- Product
- Motion-based driving simulation platform
- Pitch Amount
- Rs 90 lakh
- Equity Offered
- 1%
- Valuation
- Rs 90 crore
- Launch Date
- May 2025
- Shark Tank Season
- 5
Quotes
Anupam Mittal
Judge on Shark Tank India and founder of People Group
“Mai yeh bahut fantastic lag rha hai [I find this really fantastic]. Going from space to gaming arcade – It’s not making sense to me why you don’t want to capture global demand”
financialexpress.com
“Finally, I also don’t like the whole mistrust, to be honest. For everything you say, ‘I can’t tell you the name,’ that’s not what I’m going to invest in.”
financialexpress.com
Aman Gupta
Co-founder and CMO of boAt
“Jo aapne financial engineering kardi hai apne structures ki, woh thodi confusing hai. Mujhe clean structures zyada ache lagte hai. [The financial engineering that you have done is a bit confusing. I prefer a clean structure]”
financialexpress.com