The Journey Of Aroleap from Garage Gym to Shark Tank Deal In the era of fitness, the desire to stay fit is universal, but the question remains – do you really need a gym membership? Aroleap founders Aman, Rohit, and Anurag believe in bringing the gym to your home, and they pitched their innovative product on Shark Tank, securing a deal that could reshape the fitness industry.
Introduction: The Birth of Aroleap
Aroleap, an all-in-one wall-mounted home gym, made its debut on Shark Tank with a promise to revolutionize home fitness. The founders showcased a slim, space-saving design equipped with patented digital weights technology, enabling users to perform squats, deadlifts, bench presses, and more from the comfort of their homes.
Aroleap’s Vision: Changing the Fitness Landscape
The trio behind Aroleap expressed their vision of creating a smart ecosystem that facilitates the adoption of strength training in everyday life. Their goal is ambitious – to see Aroleap home gyms in over 1 lakh households within the next three years. The Sharks were intrigued, and the founders sought a 1 crore investment for a 2.5% stake in their company.
Shark Tank Pitch: Unveiling the Innovation
The founders explained the unique weight simulation technology that sets Aroleap apart. The machine, compact as a flat-screen TV, offers personalized training with real-time feedback. They emphasized the potential for growth in the connected fitness market, drawing parallels to successful models like Tonal in the US.
Shark Tank Offers and Negotiations
The Sharks were enthusiastic but cautious about Aroleap expansion plans. Anupam and Piyush made offers centered around focusing on the physiotherapy market in India. The founders counter-offered, seeking a 1.5 crore investment for a 5% stake, leading to a spirited negotiation.
Offer’s Given By Shark’s
original ask 1 Crore for 2.5% equity
Amit and Azhar Offer 50 lakhs for 2% equity + 50 lakhs Debt at 12 % Interest for 3 Years Valuation 25 crores
Anupam’s condition’s offer: 1 crore for 4 % equity valuation 25 crore (Focus On The Domestic Physiotherapy market)
Anupam And Peyush Conditional Offer: 1 crore for 4 % equity valuation 25 crores (Focus On The Domestic Physiotherapy market)
Amit and Azhar’s Revised Offer: 1 crores for 4 % equity valuation 25 crores
Aman, Rohit and Anurag’s counter offer: 1 Crores for 3% equity valuation 33.33 crores
Amit, Azhar, Peyush, and Anupam’s Counter offer : 1 crores for 5% equity valuation 20 crores
Deal Closed at Amit, Azhar, Peyush, and Anupam’s Counter offer : 1 crores for 5% equity valuation 20 crores
Click Here to Read Shark Tank Judge’s Biography!
Conclusion: Aroleap’s Leap of Success
In the end, a deal was struck with Anupam, Ajar, and Amit collectively investing 1 crore at a 5% stake. The founders were elated, and the Sharks saw potential in Aroleap’s unique approach to home fitness. The Aroleap journey from a small garage gym to securing a Shark Tank deal is just the beginning for Aroleap, and fitness enthusiasts are eager to see where this innovation takes them.
Stay tuned for more updates on Aroleap’s journey in reshaping the way we approach fitness in our daily lives!
You can also check for The Honest Home Journey At Shark Tank Season 3 !
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