More About BeautyGPT
Orbo now has developed the next version of their beauty AI automation stack named BeautyGPT. With BeautyGPT, makeup brands can allow their customers to find the products they want in one click using our intuitive prompts.
Founders of Orbo – BeautyGPT
Abhit Sinha, Manoj Shinde, and Danish Jamil are the co-founders of Orbo, the brand behind BeautyGPT.
Orbo Sports Shark Tank Pitch and Updates
Abhit Sinha, Manoj Shinde, and Danish Jamil appeared on Shark Tank India season 3 and shared details about their advanced AI tool BeautyGPT.
The founders started their pitch by sharing that every wife asks about her looks from her husband and they need to answer it in a very practical way. Women often do not receive help and guidance in their makeup process and choosing the right products is also a hassle.
To help them with these issues, the founders developed BeautyGPT, an AI assistance that can help women with personalized answers to makeup-related questions.
The founders then asked Vineeta Singh on the stage to demonstrate their platform. She tried the product and liked its technology and the features it provides.
As per the founders, earlier they built an AI stack with 5 major offerings as follows:
- Virtual makeup try-on
- Deep skin analysis
- Hairstyle try-on
- Hair color try-on
- Foundation shade finder
After that initial pitch, the founders demanded INR 1 Crore for 0.75% equity at a valuation of INR 133.33 crores.
After that, the Sharks started asking various questions about their business:
- Vineeta Singh shared with the Sharks that she already got in touch with one of the founders and wanted to install their magic mirrors in her outlets.
- Anupam Mittal asked the founders about their story and how they got into this business.
- Aman Gupta asked them about their previous funding rounds and how much investment they have raised till now.
- Azhar Iqubal asked the founders about their AI models and how they work.
- Peyush Bansal was interested in knowing about their pricing strategy, business model, and how they make revenue.
After all the discussion, the founders received two individual offers from Vineeta Singh and Peyush Bansal. Peyush Bansal offered to purchase the company and the founders asked them a few minutes to think about it. In the end, the founders went with the offer made by Vineeta Singh.
Company Name | Orbo |
Founders | Abhit Sinha, Manoj Shinde, and Danish Jamil |
Headquarters | Mumbai, Maharashtra |
Founded Year | 2017 |
Business | Full-stack Sports Solutions Company |
Profitability | No |
Shark Tank Episode | Season 3 – Episode 20 |
Asked For | INR 1 Crore for 0.75% equity |
Deal | INR 1 Crore for 1% equity |
Sharks Invested | Vineeta Singh |
Valuation Given | INR 100 Crores |
Website | Click Here |
Orbo(BeautyGPT) secured a deal of INR 1 Crore for 1% equity at a valuation of 100 Crores from Vineeta Singh.
Frequently Asked Questions About Orbo(BeautyGPT)
After their appearance on Shark Tank India Season 3, people tried to find more information about Orbo(BeautyGPT). So here are some of the frequently asked questions about them.
1. Who Is The Founder of Orbo(BeautyGPT)?
Abhit Sinha, Manoj Shinde, and Danish Jamil are the co-founders of Orbo, the brand behind BeautyGPT.
2. Is Orbo(BeautyGPT) From Shark Tank India profitable?
No, Orbo(BeautyGPT) is not yet a profitable brand. As per their Shark Tank pitch, they had a monthly burn of 48 lakh Rupees per month.
3. What happened to Orbo(BeautyGPT) after the Shark Tank?
Orbo was able to secure a deal on Shark Tank India season 3. Now, they have to work on the scale of their business along with becoming a profitable brand in the coming years. They received a conditional offer from Vineeta Singh that they must receive a term sheet for an investment of $1.5 Mn within the next three months.
4. What Is The Valuation of Orbo(BeautyGPT)?
Orbo was able to secure an investment in Shark Tank India at a valuation of 100 Crores.