WYLD is a platform for social media influencers that allows them to earn rewards and cashback by using their influence and promoting brands on their social media platforms.
More About WYLD
WYLD has created a WYLD Card, India’s first social currency payment card powered by VISA where you can monetize your social network. WYLD Card is currently available on invitation only and you need to have at least 1000 followers to get started with it.
Founders of WYLD
Yash Sakhlecha, Rij Eappen, and Dishant Sanghvi are the co-founders of WYLD, a platform for influencers to earn rewards and cashback.
WYLD Shark Tank Pitch and Updates
Yash Sakhlecha, Rij Eappen, and Dishant Sanghvi appeared on Shark Tank India season 3 and shared details about their innovative business.
The founders started their pitch with the need for such a card and how it will help influencers get better earning opportunities. Influencers can apply for the card from their website and after approval, they can shop from partner brands and post a picture about the same to get cash rewards.
The founders then demanded INR 50 lakhs for 0.5% equity at a valuation of INR 100 crores.
After the initial pitch, the Sharks started asking various questions from them about their product:
- Peyush Bansal wanted to know more about their business model and how the cashback system works.
- Namita Thapar also asked about their fund management and how they deal with the brands.
- Amit Jain also discussed their previous funding rounds, their revenue model, and more.
After all the discussion, WYLD received multiple offers from all the Sharks including Amit Jain, Namita Thapar, Azhar Iqubal, Anupam Mittal, and Peyush Bansal. In the end, they went with Anupam Mittal’s offer.
| Company Name | WYLD |
| Founders | Yash Sakhlecha, Rij Eappen, and Dishant Sanghvi |
| Headquarters | Agra, Uttar Pradesh |
| Founded Year | 2023 |
| Business | Social Currency Platform |
| Profitability | No |
| Shark Tank Episode | Season 3 – Episode 8 |
| Asked For | INR 50 lakhs for 0.5% equity |
| Deal | INR 75 lakhs for 1.5% equity |
| Sharks Invested | Anupam Mittal |
| Valuation Given | INR 50 Crores |
| Website | Click Here |
WYLD was able to secure a deal of INR 75 lakhs for 1.5% equity at a valuation of 50 crores from Anupam Mittal.
Frequently Asked Questions About WYLD
After their appearance on Shark Tank India Season 3, people tried to find more information about WYLD. So here are some of the frequently asked questions about them.
1. Who Is The Founder of WYLD?
Yash Sakhlecha, Rij Eappen, and Dishant Sanghvi are the co-founders of WYLD, a platform for influencers to earn rewards and cashback.
2. Is WYLD From Shark Tank India profitable?
No, WYLD is not a profitable startup and at the time of their Shark Tank pitch, they had a monthly burn of 12 lakhs.
3. What happened to WYLD after the Shark Tank?
WYLD was able to secure an investment from Shark Tank India and now they will be using the funding and guidance to scale their platform further.
4. What Is The Valuation of WYLD?
WYLD secured investment from Shark Tank India at a valuation of 50 crores.
5. How to Apply For WYLD Card?
WYLD card is currently available on an invitation basis only and you can apply on the official website to book your WYLD card.
