HyperLab

As young entrepreneurs fresh out of college, HYPERLAB and our sport tech products faced the unknown. 'Shark Tank India 3' was an absolute game-changer. The platform became a masterclass in entrepreneurship — we soaked up knowledge, built connections, and gained industry insights. Change Started Hitarth Parikh, Chahil Patel, and Harsheet Maliwal are Season 3's youngest tech hardware founding trio — all fresh out of college from Ahmedabad/Gandhinagar when they appeared on Shark Tank, building a patented sports technology device that every Shark on the panel wanted to invest in. Aman's specific comment captured the generational admiration: "When I was 22, I didn't know what I wanted to do in life; you guys are so sorted."

Crush every drill with a massive range of 12 meters giving you the freedom to practice your entire range of motions. No target is out of reach for you. With a rapid response time of 0.2 seconds, Helios is designed to not only keep up with your toughest drills, but to push you beyond. Facebook HyperLab's Helios is the world's most technically sophisticated consumer sports training device a patented, water-bottle-shaped laser projector that creates virtual training targets on any surface, tracks athletic movements in real time through AI and ML algorithms, measures response times and movement precision, and delivers progressively challenging drills customised to the athlete's sport and skill level.

Amount Asked: ₹10 lakhs Equity Offered: 1% Implied Pre-Money Valuation: ₹10 crore

Interestingly, during the pitch, Helios pitted all Sharks against each other in a race to secure a deal with the founders, setting the stage for an exhilarating showdown. Hitarth, Chahil, and Harsheet walked into Season 3 Episode 18 and created the most physically interactive pitch of the entire season: setting up the Helios device and making the Sharks compete against each other in a laser-target reflex race. Amit Jain participated first and was seen scrambling to keep up with the laser targets, creating the episode's most entertainingly competitive. The combination of young-founder energy, genuinely novel technology, physical Shark engagement, and the government grant validation created the rare pitch where every Shark on the panel wanted to invest. The subsequent bidding war, with Aman and Vineeta making competing offers, was Season 3's most positively energised investment competition for a pre-revenue deep-tech hardware company.

Namita Thapar did not invest but provided the most constructive financial warning. Amit Jain participated enthusiastically in the Helios demonstration, scrambling after laser targets on the Shark Tank stage. He was impressed by the technology but did not make a competing offer against Aman. Anupam Mittal appreciated the technology and the founders' youth and clarity. He did not make a formal competing offer but was visibly supportive throughout the pitch. Vineeta Singh made a competing offer of ₹50 lakhs for 5% equity (₹10 crore valuation). Aman Gupta made the first and winning offer, matching the founders' exact terms (₹10 lakhs for 1%) then increasing to ₹25 lakhs for 1% (₹25 crore valuation) voluntarily giving the founders 2.5x more capital at the same equity percentage.

HYPERLAB's founders initially asked for ₹10 lakh for 1% ownership at a valuation of ₹10 crore. But they ended up bagging ₹25 lakh for 1%, valued at ₹25 crore! That's 2.5 times more than they asked for. Change Started Aman offered ₹10 lakhs for 1% equity (matching the exact ask). Vineeta offered ₹50 lakhs for 5% equity (more capital but more dilution). The founders preferred Aman's lower-dilution terms. Aman then voluntarily increased his offer to ₹25 lakhs for 1% equity, valuing HyperLab at ₹25 crore, 2.5x the founders' own valuation ask. The founders accepted Aman's upgraded offer immediately. Season 3's only deal where the Shark voluntarily increased both the investment amount AND the valuation above what the founders had requested, making HyperLab the most upwardly negotiated deal in Season 3.

Hitarth Parikh, Chahil Patel, and Harsheet Maliwal accepted Aman Gupta's offer of ₹25 lakhs for 1% equity at ₹25 crore valuation. The deal gave HyperLab 2.5x more capital than requested at the same equity percentage, and Aman's boAt consumer electronics hardware expertise (product design, manufacturing scaling, supply chain management, and youth consumer marketing) was the most commercially applicable strategic asset for a pre-revenue sports technology hardware company needing to transition from prototype to mass production.

\Specs and functionalities are subject to change. Price excluding taxes is ₹1,19,999. Customers who have pre-booked are eligible for a discounted price of ₹69,999 (excluding GST). We have started shipping the orders from mid May 2024. HyperLab has successfully transitioned from Shark Tank prototype to commercial product. Helios began shipping from mid-May 2024 at the pre-book price of ₹69,999 (retail: ₹1,19,999 excluding GST), with free shipping across India. The product is currently available only in India, with international shipping planned for the future. The company is planning to raise ₹1.5 crore for mass manufacturing, leveraging the Shark Tank visibility and Aman's boAt network to attract additional investors. The ₹45 lakh government grant, the ₹25 lakh Aman investment, and the pre-order revenue from early customers collectively fund the initial production run.