What Happened to Hyperlab After Shark Tank India?

Hyperlab is a sports technology company based out of Ahmedabad, Gujarat. They focus on building tech products for the sports industry. Hyperlab provides digitized solutions that connect the physical world to the virtual world.

More About Hyperlab

Hyperlab is rapidly revolutionizing the athletic training world with its flagship product, Helios. Helios is a laser-equipped interactive training companion that transforms any space into a data-driven, personal performance lab.

Founders of Hyperlab

Hitarth Parikh, Chahil Patel, and Harsheet Maliwal are the co-founders of Hyperlab, a sports technology company.

Hyperlab Shark Tank Pitch and Updates

Hitarth Parikh, Chahil Patel, and Harsheet Maliwal appeared on Shark Tank India season 3 and shared details about their unique sports tech product company Hyperlab.

The founders started their pitch by sharing the main components of sports and fitness which are stamina, agility, and reflex. But, the market is flooded with stamina-related products and nobody is focusing on the other key elements as shared above. To validate this market gap, and provide a complete solution to the athletes, they started Hyperlab.

As per the founders, their product Helios can be used to train for any sport including football, kabaddi, etc. They also shared that it took them more than 2 years, 600+ prototypes, and 100+ users for testing purposes.

After that initial pitch, the founder demanded INR 10 Lakhs for 1% equity at a valuation of INR 10 crores.

After that, the Sharks started asking various questions about their business:

• Anupam Mittal asked the founders if they were in the field of fitness but none of them looked fit. The founder answered that they were busy in building the product and now they will be focusing on fitness as well.
• The founders then started demonstrating their product Helios with the help of a state-level badminton player Nihal Patel.
• Amit Jain also participated in the demonstration and took a live demo of the product.
• The Sharks also asked the founders about their career backgrounds and how they met each other to start this business.
• Namita Thapar asked the founders if they had validated their product with sports coaches or not.
• Aman Gupta asked them if they had started selling the product in the market or not.
• The founders also asked them about their patents, pricing strategy, and scope in the market for their product and technology.

After all the discussion, the founders received multiple offers from all the Sharks at various valuations. In the end, they went with the investment offer from Aman Gupta.

Hyperlab secured a deal of INR 25 Lakhs for 1% equity at a valuation of INR 25 crores from Aman Gupta.

Frequently Asked Questions About Hyperlab

After their appearance on Shark Tank India Season 3, people tried to find more information about Hyperlab. So here are some of the frequently asked questions about them.

1. Who Is The Founder of Hyperlab?

Hitarth Parikh, Chahil Patel, and Harsheet Maliwal are the co-founders of Hyperlab, a sports technology company.

2. Is Hyperlab From Shark Tank India profitable?

There are currently no details about its profitability as it was a pre-revenue company at the time of its Shark Tank India pitch.

3. What happened to Hyperlab after the Shark Tank?

Hyperlab was able to secure a deal on Shark Tank India and now they will be using the funds to start mass-manufacturing and reach a global audience.

4. What Is The Valuation of Hyperlab?

Hyperlab was able to secure an investment on Shark Tank India at a valuation of INR 25 crores.