{"id":2806,"date":"2025-01-20T12:36:33","date_gmt":"2025-01-20T12:36:33","guid":{"rendered":"https:\/\/awaraj.com\/indiasharktank\/?p=2806"},"modified":"2025-01-27T16:48:48","modified_gmt":"2025-01-27T16:48:48","slug":"credmate","status":"publish","type":"post","link":"https:\/\/awaraj.com\/indiasharktank\/2025\/01\/20\/credmate\/","title":{"rendered":"credmate"},"content":{"rendered":"\n

Home, Garden & Tools<\/p>\n\n\n\n

Eco friendly furniture<\/p>\n\n\n\n

Season 2 Products<\/p>\n\n\n\n

Brand<\/mark><\/td>Credmate<\/td><\/tr>
Founders<\/mark><\/td>Shilpi Dua Abhimanyu Singh <\/td><\/tr>
Original Ask<\/mark><\/td>Rs. 50 lakhs for 7.5% equity at valuation of Rs. 6.67 crores  <\/td><\/tr>
Deal<\/mark><\/td>No Deal<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

About the Product<\/strong><\/p>\n\n\n\n

t is very easy to use credmate, you can download it from Play Store or App store . In the app it shows if somebody wants to borrow money from you and the amount. If the lender accepts the request, he will receive an OTP the lender will only tell the OTP once the borrower returns the money from one hand, and then the lender will give the OTP and if the borrower enters the OTP he will receive the amount of money he borrowed and if the over returns the money. <\/p>\n\n\n\n

And if the bore over returns the money on time he will be known as a good person to do a transaction with but if he gives the money late or does not return it he will be known as dangerous to do transaction with or give loan to. They have also made a timeline to track defaulters. <\/p>\n\n\n\n

Founders & their story<\/strong><\/p>\n\n\n\n

Gaurav Kundra and Gaurav Sharma are the founders of Credmate.<\/p>\n\n\n\n

 They are from Ludhiana. Gaurav Kundra has been doing it work from China and they found out that without giving the loan they could not do work. Gaurav Sharma completed his electronic engineering course in 2015 and then he started a business and he did sales of It and software and hardware and imported items from China. Gaurav Kundra is 40 years old and Gaurav Sharma is 29 years old.<\/strong><\/p>\n\n\n\n

About the company:<\/strong><\/p>\n\n\n\n

They have 40000 registered KYC the cost is 5 rupees and the price is 50 rupees.<\/p>\n\n\n\n

Revenue: <\/strong><\/p>\n\n\n\n

They have 40000 registered KYC the cost is 5 rupees and the price is 50 rupees their lifetime sales are 12 lakh the future revenue steam is from advertisements and subscriptions. <\/strong><\/p>\n\n\n\n

Founder\u2019s Ask <\/strong><\/p>\n\n\n\n

 Their ask was 50 lacs for 5% equity. <\/strong><\/p>\n\n\n\n

Offers: <\/strong><\/p>\n\n\n\n

No final offer was made.<\/p>\n\n\n\n

Final Deal <\/strong><\/p>\n\n\n\n

No final deal.<\/p>\n\n\n\n

You may like<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

YOJPACK<\/a> provides furniture made from Honeycomb boards<\/p>\n\n\n\n

FREEBOWLER:<\/p>\n\n\n\n

Founders and their story<\/p>\n\n\n\n

The founders of free bowler are Prateek palanethta and, Vishwanath HK they both are from Bangalore. There vision is that everybody get the training equipment and infrastructure that a cricketer gets. Vishwanath has played for karnataka under 16 and is a qualified coach, Pratik was any qualified Empire. <\/p>\n\n\n\n

Founder\u2019s ask<\/p>\n\n\n\n

There ask was 75 lakhs for 7.5% equity.<\/p>\n\n\n\n

About the product<\/p>\n\n\n\n

The free bowler is used for bowling cricket balls in many variants topspin and many other variants it also Bowls naturally. It has a manual and automatic version. They have a patent for the product as well. It\u2019s maximum speed is 130kmph. The manual is 20000 and the electronic costs 40000 rupees.<\/p>\n\n\n\n

Revenue:<\/p>\n\n\n\n

In 2018-19 they did 26 lakhs, in 19-20 they did 70 lakhs, 20-21 they did 53 lakhs and in 21-22 they did 55 lakhs.<\/p>\n\n\n\n

Offers<\/p>\n\n\n\n

Namita\u2019s offer was 50 lakhs fro 15 % equity, 25 lakhs debt @ 10% interest.<\/p>\n\n\n\n

Their counter offer was 50 lakhs at 10% equity 25 lakhs debt for 10 % interest.<\/p>\n\n\n\n

Their 2nd<\/sup> counter offer was 25 lakhs for 7.5% equity & 50 lakhs @10 %interest.<\/p>\n\n\n\n

Final offer<\/p>\n\n\n\n

25 lakhs for 7.5% equity & 50 lakhs @10 %interest.<\/p>\n\n\n\n

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