Shark Tank India judge Namita Thapar says she is thrilled with the progress of one of the participant startups of the business reality show after it reported a five times growth in its sales in a year.
Yuvraj Tomar, the founder of Cloudworx, met Thapar for a strategy discussion earlier this month after winning the Shark over in May. Founded in 2020, the AI company lets clients who don't have coding knowledge to build 3D models.
Taking to X, Thapar wrote, "Yuvraj of Cloudworx.ai (3D apps for business) from Season 2 met me for a strategy discussion & I was thrilled to hear that he has grown his sales 5X in one year alone. FY 23 1.5 cr to 7.5 cr. We valued him for 12.5 cr and he completed a large fundraise at a much higher valuation."
In a separate post, Namita Thapar -- who is also the executive director of Emcure Pharmaceuticals -- added that she was excited to have Tomar work on projects for the company's manufacturing, research and development, and marketing teams.
The possibility of using the startup's services for her own company was one of the reasons, Thapar was interested in Tomar's pitch during Shark Tank India season 2. She was even offered a demo during the show.
“You manage 14 factories and often would need to be physically present to monitor their output. With the use of this technology, you won’t need to be dependent on charts, dashboards, or graphs to make decisions. You can monitor your factories from anywhere. One click from the software can physically switch on or shut down any functions in the factory,” the Cloudworx founder had said.
At the end of the pitch, Thapar and fellow Shark and Shaadi.com owner Anupam Mittal sealed the deal at Rs 40 lakh with 3.2 percent equity at a valuation of Rs 12.18 crore.
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