More About Aroleap
Aroleap provides an all-in-one wall-mounted home gym solution that allows users to perform a number of exercises including squats, deadlifts, bench presses, and more.
Founders of Aroleap
Aman Rai, Rohit Patel, Anurag Dani, and Amal are the cofounders of Aroleap, a home gym equipment brand.
Aroleap Shark Tank Pitch and Updates
Aman Rai, Rohit Patel, and Anurag Dani appeared on Shark Tank India season 3, sharing details about their smart home gym solution Aroleap.
The founders started their pitch by sharing the fact that it is not easy to visit the gym on a daily basis. Also, setting up the gym at home takes a lot of space and money. To help people set up a gym in their homes without requiring much space and multiple machinery, they launched Aroleap.
Aroleap is an all-in-one home gym solution that comes with a slim build that occupies minimal space. The solution also comes with a patented digital weights technology through which the user can customize the weight to reduce the risk of injury.
After that initial pitch, the founders demanded INR 1 Crore for 2.5% equity at a valuation of INR 40 Crores.
After that, the Sharks started asking various questions about their business:
- Anupam Mittal welcomed the founders of Shark Tank India and also asked them why they went on to build this product.
- Azhar Iqubal told the founders that there are some other players in the US market working on similar ideas. He also asked them about their primary market and pricing plans.
- After a few questions, the Sharks asked the founders to provide a demo of the product.
- Namita Thapar asked about their sales and which country they will be targeting primarily.
- peyush Bansal asked the founders about their previous investment rounds and how much money they had raised till the time of their pitch.
After all the discussion, the founders received multiple offers from different Sharks. In the end, the founders went with a combined offer from Azhar Iqubal, Amit Jain, Peyush Bansal, and Anupam Mittal.
| Company Name | Aroleap |
| Founders | Aman Rai, Rohit Patel, and Anurag Dani |
| Headquarters | Bangalore |
| Founded Year | 2020 |
| Business | Home Gym Equipment |
| Profitability | Yes |
| Shark Tank Episode | Season 3 – Episode 26 |
| Asked For | INR 1 Crore for 2.5% equity |
| Deal | INR 1 Crore for 5% equity |
| Sharks Invested | Azhar Iqubal, Amit Jain, Peyush Bansal, and Anupam Mittal |
| Valuation Given | INR 20 Crores |
| Website | Click Here |
Aroleap was able to secure a deal of INR 1 Crore for 5% equity at a valuation of INR 20 Crores from Azhar Iqubal, Amit Jain, Peyush Bansal, and Anupam Mittal.
Frequently Asked Questions About Aroleap
After their appearance on Shark Tank India Season 3, people tried to find more information about Aroleap. So here are some of the frequently asked questions about them.
1. Who Is The Founder of Aroleap?
Aman Rai, Rohit Patel, and Anurag Dani are the cofounders of Aroleap, a home gym equipment brand.
2. Is Aroleap From Shark Tank India profitable?
Yes, Aroleap is a profitable business and as per their Shark Tank pitch, they would have made around 30 lakhs of profit on a revenue of around 3.5 Crores from October 2023 to March 2024.
3. What happened to Aroleap after the Shark Tank?
Aroleap was able to secure a deal from Shark Tank India. Now, they will have to work on scaling their business in the US market using the guidance and funding.
4. What Is The Valuation of Aroleap?
Aroleap was able to secure funding in Shark Tank India at a valuation of INR 20 Crores.
