GunjanApps Studios is an innovative brand that gamified kids’ education and launched several apps. Gunjan and Sourav got this innovative idea to create such apps after they had their son and were looking for similar platforms.
Unable to find the right apps, they decided to make one of their own, and today they have more than 40 apps free of cost.
The company’s vision is to make GunjanApps accessible to every child worldwide.
More About GunjanApps Studios
The business has been operating for a few years, making significant sales and gaining profits since it appeared on shark tank.
The company’s main vision is to make the learning process fun and interactive for kids. One of their most significant achievements is that the kid can learn all about the numbers and alphabet independently, without requiring a parent’s intervention.
The unique features of GunjanApps Studios include the-
- They have 40+ mobile games for kids
- Suitable for kids ranging between 1.5- 12 years
- Completely offline apps and suitable for any type of smartphone
- Free access to the apps
- 200 million+ downloads
GunjanApps Studios Shark Tank Pitch and Updates
The founder of GunjanApps Studios appeared on Shark Tank India Season 2 Episode 7 and demanded INR 2.5 crores for a 1% equity at a valuation of 250 crores.
After the initial pitch, the sharks were interested to learn how it all started. So Sourav went on to explain how their son learned the alphabet and numbers at just 1.5 years of age via Youtube videos. It was the reason why they started their own business.
After all, they felt that if their kid could do it without parental guidance, then any child could do that. So it was their story of how they launched their first app.
Sourav showed them the demo to give the sharks a clearer idea about their product. However, Vineeta was immediately against it since she felt that the apps were pretty addictive and won’t help reduce screen time.
Even though they tried to convince Vineeta, Anupam was the next shark who was not convinced about their product. For him, their apps were more or less a copy product from the premium ones, which they have made accessible free of cost.
Peyush next asked them about their revenue model and wanted to learn about the team behind the products. Sourav explained their three revenue-generating streams, after which he mentioned that they made INR 24 crores in the last Fiscal year and INR 8.5 crores in the last five months.
They also mentioned that they made INR 14.7 crores in FY 20-21. Next, Peysuh was interested in the profits. Souirave explained that they made 95% gross profit in the last year, out of which INR 21 crore was EBITDA.
Vineeta was the first one to give her decision for the deal. According to her belief, screen time will not decrease in any way and these apps also become addictive; hence she was out. The same was for Namita as well.
She did not believe in accepting the increased screen time of kids and hence was also unable to take the deal forward due to a conflict of interests.
Anupam was next to give his decision. He believed that they were not capable enough to compete with the already established giants and hence were out. Aman and Peyush were curious about what they had learned till now. But even after Sourav’s explanation, Peyush was not convinced and hence left the table.
Aman was the last one to give his decision. He felt that they were not really competitive and hence could not take the deal forward.
|Company Name||GunjanApps Studios|
|Founders||Sourav Gupta and Gunjan Gupta|
|Business||Learning apps for kids|
|Shark Tank Episode||Season 2 – Episode 7|
|Asked For||INR 2.5 crore for 1% equity|
Unfortunately, GunjanApps Studios was not able to secure any deal on Shark Tank this season.
Frequently Asked Questions About GunjanApps Studios
After their appearance on Shark Tank India Season 2, people were trying to find more information about GunjanApps Studios. Here are some of the frequently asked questions about them.
1. Who Is The Founder of GunjanApps Studios?
Gunjan and Sourav Gupta are the founders of GunjanAppa Studios.
2. Is GunjanApps Studios profitable?
GunjanApps Studios is a newly launched company in Kolkata, and they are already a highly profitable company.
3. Why did the Sharks not invest in GunjanApps Studios?
Vineeta and Namita did not invest because they did not believe in increasing the screen time of the kids and were out, citing a conflict of interests. For Anupam and Aman, the issue primarily was their lack of competitive strategy. Lastly, Peyush felt that they were not ready to share their capital with the teams and hence did not find the business investable.
4. What happened to GunjanApps Studios after Shark tank?
Unfortunately, GunjanApps Studios was unable to secure a deal on Shark Tank India. However, we are keeping up with the brand and shall share all the updates if we receive any latest news.