Wanderlooms, the Bhopal-based adventure apparel and merchandise brand, made waves on Episode 23 of Shark Tank India Season 4. Founded by dynamic entrepreneurs Prateek Vats and Deepesh Shrivastava, the company has carved a unique niche in the Indian riding community with their travel-inspired clothing line.
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Table of Contents
The Shark Tank India Pitch
Initial Ask
- Amount Requested: ₹50 Lakhs
- Equity Offered: 2.5%
- Valuation: ₹20 Cr
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Final Deal
- Investment Secured: ₹50 Lakhs
- Equity Given: 4%
- Final Valuation: ₹12.5 Cr
- Investing Sharks: Ritesh Agarwal & Namita Thapar
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What is Wanderlooms?
Wanderlooms specializes in creating adventure apparel and merchandise specifically designed for Indian riders. Their product line features:
- Travel-inspired apparel
- Themed riding jerseys
- Utilitarian accessories
- Customized merchandise
- Adventure gear
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Quick Facts Table
| Company Name | Wanderlooms |
| Founded | 2019 |
| Location | Bhopal, Madhya Pradesh |
| Founders | Prateek Vats & Deepesh Shrivastava |
| Industry | Apparel & Fashion |
| Initial Valuation | ₹20 Cr |
| Final Valuation | ₹12.5 Cr |
| Current Status | Profitable: No |
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Business Strengths
- Strategic Partnership: Collaboration with a two-wheeler automobile company
- Unique Positioning: Focused specifically on the Indian riding community
- Product Innovation: Combines utility with style in adventure gear
- Customization Capabilities: Offers personalized merchandise options
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The Shark Tank Experience
The episode featured all five sharks:
- Namita Thapar
- Aman Gupta
- Peyush Bansal
- Anupam Mittal
- Ritesh Agarwal
The founders successfully pitched their vision for revolutionizing the adventure apparel industry in India, leading to a strategic investment from Ritesh Agarwal and Namita Thapar.
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Future Prospects
With the secured investment and mentorship from two experienced sharks, Wanderlooms is well-positioned to:
- Expand their product line
- Strengthen their market presence
- Scale their operations
- Enhance their manufacturing capabilities
- Develop new partnerships
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Conclusion
Wanderlooms’ appearance on Shark Tank India Season 4 marks a significant milestone in their journey. The combination of investment and strategic mentorship from Ritesh Agarwal and Namita Thapar positions them well for future growth in the adventure apparel market.
FAQs
Who are the founders of Wanderlooms?
Prateek Vats & Deepesh Shrivastava
