Technology
Training
Season 3 Episode 18
| Brand | Hyperlab |
| Company Name | Hyperlab Sportech Private Limited |
| Founders | Hitarth Parikh, Chahil Patel, Harsheet Maliwal |
| Original Ask | 10 lakhs for 1% equity at the valuation of Rs. 10 crores |
| Deal | 25 lakhs for 1% equity at the valuation of Rs. 25 crores |
About the Product
Introducing Helios, engineered to elevate performance both on the field and in the gym. Unlock lightning-fast reflexes, enduring stamina, and remarkable agility. Hypercharge your performance today.
Train with precision and efficiency using the pinnacle of sports-tech. Measure progress with customizable drills and meticulous analytics. With Helios, users train for triumph. Boasting a rapid response time of 0.2 seconds, this device not only keeps pace with the most demanding drills but propels users beyond their limits. Experience the power of a potent green laser with exceptional visibility, even under daylight conditions and across Helios’ extensive ranges. Crafted with meticulous precision, Helios embodies resilient engineering and enduring design, capable of withstanding the harshest environments and challenges. With a substantial range of 12 meters, users have the freedom to practice their entire range of motions, leaving no target out of reach.
Delve into real-time data and effortlessly elevate training with clear and functional performance analytics. Gain the ultimate edge with real-time training data directly accessible on your mobile device.
Unlock various modes tailored to enhance training experiences:
Point-Based Mode, Buffer Mode and, Timeout Mode.
Founders & their story
- Hitarth Parikh
- Chahil Patel
- Harsheet Maliwal
Hyperlab offers a comprehensive solution for athletes, encompassing stamina, agility, and reflex training. Their digitized sports tech platform features Helios, a laser-assisted device designed for both training and tracking users across various sports and fitness workouts. After two years of extensive research and development, including over 800 prototypes and 100 user tests, Hyperlab has crafted a portable device that seamlessly connects to mobile devices via Bluetooth.
With a simple button press to initiate drills, users activate exercises by long pressing the blinking green light. Helios captures essential data such as distance, direction, and time taken, providing insights into stamina, agility, reflexes, directional analysis, and consistency. The accompanying app offers in-depth performance analysis and various modes tailored for specific training needs:
- Point-Based Mode
- Buffer Mode for reflexes, offering a 3-second buffer period at the centre before projecting a random target.
- Killer Mode, gradually increasing difficulty levels with each round.
Hyperlab’s innovative approach has earned them Indian and US patents, and they’ve collaborated with the Sports Authority of India to further their mission. Their product is set to launch in March 2024, targeting gyms, sports centres, physiotherapy, and rehabilitation facilities. As a platform-based product, Hyperlab has secured a government grant of 45 lakhs, with 47 lakhs in the bank and an additional 50 lakhs raised in 2022.
About the company
A sports technology company based in Gandhinagar, Gujarat, Hyperlab has been at the forefront of revolutionizing athletic training since its establishment in 2021. Their flagship innovation, Helios, equipped with lasers, serves as an interactive training companion that seamlessly transforms any space into a data-driven personal performance lab. With an array of training devices in the pipeline, they are focused on shaping the future of athletic training, aiming to integrate top-tier sports technology into various sporting environments, including courts, arenas, fields, and fitness centres.
Incubated as part of the Carbon Labs initiative at Studio Carbon, Hyperlab envisions leveraging the power of technology in the realm of sports and training. Their mission is to ensure that cutting-edge sports tech is accessible to all, regardless of their background or status. It’s not about exclusivity but rather a movement toward democratizing technology in sports. Whether individuals are seasoned athletes or just embarking on their fitness journey, Hyperlab strives to level the playing field, ensuring that everyone has the opportunity to harness the benefits of sports technology. At Hyperlab, they welcome everyone to the future of sports, where all participants begin at the same starting line. Embrace the transformation of traditional exercises into immersive, goal-oriented sessions today.
Revenue
Each device is priced at ₹30,000, with a manufacturing cost of ₹5,000 per unit, resulting in a gross profit of ₹25,000. Under the subscription model, users are charged ₹2,000 per month per device for access to the sports academic content. However, to sustain operations and cover various expenses such as content development, server maintenance, and administrative costs, the company incurs monthly expenses amounting to ₹400,000. Despite the considerable gross profit margin, the company must carefully manage its expenses to ensure long-term viability and growth within the sports academics market.
Founders’ Ask
10 lakhs for 1% equity at the valuation of Rs. 10 crores.
Offers
Aman’s offer: 10 lakhs for 1% equity at the valuation of Rs. 10 crores.
Vineeta’s offer 1: 50 lakhs for 5% equity at the valuation of Rs. 10 crores
Namita’s offer: 20 lakhs for 1% equity at the valuation of Rs. 20 crores.
Vineeta’s offer 2: 20 lakhs for 1% equity at the valuation of Rs. 20 crores.
Amit’s offer: 10 lakhs for 1% equity at the valuation of Rs. 10 crores.
Anupam’s offer: 1 crore for 5% equity at the valuation of 20 crores.
Aman’s revised offer: 25 lakhs for 1% equity at the valuation of Rs. 25 crores.
Namita’s revised offer: 25 lakhs for 1% equity at the valuation of Rs. 25 crores.
Vineeta’s offer 3: 25 lakhs for 1% equity at the valuation of Rs. 25 crores.
Final Deal
Aman: 25 lakhs for 1% equity at the valuation of Rs. 25 crores.
