Funngro app on Shark Tank India, episode, founder, deal, investors, valuation, revenue, net worth

Funngro is a skill-based learning opportunity app, find out more about the company and its experience on Shark Tank India 2 along with its investors

The Shark Tank India program has established itself as a prominent venue for entrepreneurship because of its commitment to setting the standard higher and higher for aspiring entrepreneurs.

The program not only showcases promising entrepreneurs but also provides them a chance to get significant funding and investors for their businesses. The program is a desired platform for business owners looking to grow their operations due to its entertainment value and broad appeal.

Funngro app on Shark Tank India, episode, founder, deal, investors, valuation, revenue, net worth in 2023

While the most recent episode of the show included a wide range of pitches from food brands to naughty gift items, one business named Funngro, a skill-based learning opportunity app, has become the talk of the town as the business idea has sparked debate between sharks.

The company not only won sharks’ hearts but also grab an amazing deal on the show. So, let’s find out everything about it.

More about Funngro

Funngro Business is a skill-based learning opportunity app that connects smart teenagers with smart companies. The founders of the company are Payal Jain, Anik Jain, and Vea Jain. The platform was created for teenagers between the ages of 14 and 20 so, that they can gain real-world experience working with companies.

A group of professionals, including instructors, IT nerds, engineers, and people in the banking industry, created the platform.

Among the services offered by Funngro is Teenlance, which gives teenage freelancers the chance to work on skillset jobs and digital projects including content creation, social media marketing, research, and app testing.

To date, the company has connected more than 250,000 Teenlancers with over 500 firms through its network. They deal with 12 modern skill categories and have added skillsets to more than 100 live projects. With more than 40,000 members, the site has built an employment network with more than 170 organizations that have registered.

Its experience on Shark Tank India 2

Firstly, Shark Amit and Shark Namita offered ₹25 Lakh for 10% equity and an additional ₹25 Lakh for debt, valuing Funngro company at ₹2.5 Crore. However, the pitcher’s proposed valuation range for their convertible note was much lower than what the sharks were offering, leading to a revised offer.

Later, Shark Amit and Shark Namita came up with a new offer, valuing the company at ₹12 Crore, which was much lower than the initial valuation proposed by the founders. Under the revised offer, the sharks offered ₹50 Lakh for 4.16% equity, which the pitcher accepted, finalizing the deal.

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