More About GridMats By POTHOLERAJA
GridMats is an innovative project made by 100% recycled plastic waste and is used to make roads, footpaths, and warehouse floorings. GridMats is not just sustainable but it also is maintenance free and reduces cost by 25%.
Founders of GridMats
Sourabh Kumar and Dr. Prathap Kumar B are the cofounders of POTHOLERAJA, the company behind GridMats.
GridMats Shark Tank Pitch and Updates
Sourabh Kumar and Dr. Prathap Kumar appeared on Shark Tank India season 3, sharing details about their innovative product GridMats.
The founders started their pitch by sharing the issues that we usually face with potholes in Indian roads. These are because of various reasons and dealing with them is not easy. To provide a better alternative, they built GridMats, a cost-effective and sustainable product that can be used to build roads, footpaths, and warehouse floorings.
After that initial pitch, the founders demanded INR 5 Crores for 2% equity at a valuation of INR 250 Crores.
After that, the Sharks started asking various questions about their business:
- Aman Gupta asked them the reason why they asked such a high valuation for their business. He was not satisfied with their answer and thus got out of the deal.
- Namita Thapar asked the founders if they have received the orders in written or not to justify their valuation.
- Vineeta Singh gave them a benefit of doubt and asked the founders to demonstrate their product.
- Anupam Mittal asked them about the innovation behind their product, how they are working as an organization and also the equity split between the founders.
- Peyush Bansal also gave some advice to the founders and wished them luck for their future endeavors.
After all the discussion, the founders were not able to receive any investment offers from the Sharks and thus were not able to close a deal.
| Company Name | GridMats |
| Founders | Sourabh Kumar and Dr. Prathap Kumar B |
| Headquarters | Bangalore |
| Founded Year | 2021 |
| Business | Innovating Product |
| Profitability | – |
| Shark Tank Episode | Season 3 – Episode 27 |
| Asked For | INR 5 Crores for 2% equity |
| Deal | No Deal |
| Sharks Invested | No Deal |
| Valuation Given | No Deal |
| Website | Click Here |
GridMats by Potholeraja was not able to secure a deal on Shark Tank India because their business was not at a stage for such high valuation as per the Sharks.
Frequently Asked Questions About GridMats
After their appearance on Shark Tank India Season 3, people tried to find more information about GridMats. So here are some of the frequently asked questions about them.
1. Who Is The Founder of GridMats?
Sourabh Kumar and Dr. Prathap Kumar B are the cofounders of POTHOLERAJA, the company behind GridMats.
2. Is GridMats From Shark Tank India profitable?
There are currently no details about the profitability of their business and thus we are not sure if GridMats is a profitable business or not.
3. What happened to GridMats after the Shark Tank?
GridMats was not able to secure an investment in Shark Tank India. However, they are working on their business and would be scaling it to greater heights in the coming years.
4. What Is The Valuation of GridMats?
GridMats came on Shark Tank India to raise investment at a valuation of INR 250 Crores.
