
Automotive, EV & Mobility • Season 1 • Episode 1
Booz Scooters (Legal entity: HelloSkate Mobility LLP / Booz Mobility)
Starts From - ₹20,000
Where to Buy
Sharks Invested
Product Details
Entrepreneur Background
Rutvij Dasadia is the founder of Booz Scooters, an automotive engineer who completed his graduation from Gujarat Technological University (GTU). Fulmino Fan He is also a member of SAEINDIA and has studied machine learning fundamentals from the University of London. He previously worked with Menza Motors, the Institute of Infrastructure Technology Research and Management (IITRAM), Volvo Cars, and Next Modular Vehicles. bEyond tank This diverse engineering and industry background gave Rutvij a strong technical foundation before he turned entrepreneur.
The Product / Service
Booz Scooters sets up an electric scooter ecosystem to make travel inside large indoor properties easier. They install all the infrastructure needed, manage charging stations, and also provide a mobile application for customers. It can be used by commercial parks, corporate offices, tourist spots, hotels, resorts, and educational campuses — making intra-premises travel more convenient
The Ask
Rutvij asked for ₹40 lakhs in exchange for 15% equity in the company, implying a valuation of ₹2.67 crore. Implied Valuation Calculation: Investment sought: ₹40 lakhs Equity offered: 15% Implied pre-money valuation = ₹40L ÷ 15% = ₹2.67 crore
Pitch Presentation
Rutvij walked into the Tank as a young, solo founder with a clear vision but a business that was still very early-stage. His pitch was technically articulate — backed by his engineering background — but the delivery was notably less polished than some of the other entrepreneurs on the same episode. Booz is described as operating as a MaaS — Mobility as a Service — which facilitates ease in commute and leisure. Booz doesn't manufacture its own scooters; instead, it has an exclusive agreement with a supplier. Shark Tank Talks Rutvij explained the full-stack nature of the service: Booz doesn't just deploy scooters, it installs the entire ecosystem, trains personnel, manages app operations, and maintains the fleet — turning a simple hardware product into a holistic managed service.
Sharks' Reactions & Criticism
The Sharks' panel for this episode included Vineeta Singh, Ashneer Grover, Namita Thapar, Anupam Mittal, and Aman Gupta. Their reactions to Booz were a mix of fascination with the concept, skepticism about the revenue, and concern about the equity split. Anupam Mittal was the first Shark to exit, expressing doubts about the business's growth potential. Namita Thapar followed suit, citing a lack of personal connection to the business. Sharktankindiaclub Both exits were fairly swift, reflecting a view that the company was too early-stage or too niche for their investment thesis. Aman Gupta, while engaged and sharp in his questioning, also raised critical concerns. His reframing of Rutvij's ₹10 lakh investment to ₹40 lakhs (including opportunity cost) was a notable moment — it showed both his analytical depth and his desire to ensure the founder was thinking clearly about the real economics of his journey.Ashneer Grover and Vineeta Singh, however, saw potential. Ashneer, known for his agg
Negotiation & Offers
Together, Aman Gupta and Ashneer Grover made a joint offer of ₹40 lakhs for 50% equity StartupTalky — a dramatically dilutive counter to Rutvij's original ask of 15%. This implied a post-money valuation of just ₹80 lakhs, compared to Rutvij's implied ₹2.67 crore — a markdown of over 70%.
Final Verdict
Final On-Air Deal₹40 lakhs for 50% equity
