MYBYK

Arijit Soni, an Ahmedabad native and a qualified chartered accountant, shared his personal experience during the pitch. He realized the need for a more efficient transportation solution when he encountered difficulty in finding rickshaws and taxis for his daily commute. This inspired him to purchase two bicycles, one for his commute from the hostel in Andheri to his office in Dadar, and another for his father to use from Dadar to his office. The idea of starting MYBYK was born from this experience.

MYBYK is an Indian public bicycle-sharing system that operates a dockless network of pedal and electric bikes, enabling users to access eco-friendly urban mobility through a mobile app. Launched in 2015 as a smart mobility solutions provider, MYBYK focuses on sustainable transportation options, including last-mile connectivity, intra-campus rides, delivery services, and tourism rentals, with features like GPS tracking, 24/7 availability, and seamless app-based unlocking via scan-and-ride technology.

Amount Asked: ₹2 crore Equity Offered: 1% Implied Pre-Money Valuation: ₹200 crore

Arjit Soni walked into Season 2's season finale as India's most operationally proven bicycle sharing founder arriving with 9 years of company history (founded 2014), 7 cities, 1,000 hubs, 10,000 bicycles, and 7 million app downloads. No other bicycle sharing company in India at the time had these operational metrics. The pitch opened with the first-mile last-mile connectivity problem the specific gap in India's public transport ecosystem where metro, bus, and train stations drop commuters 1 to 3 kilometres from their actual destinations, forcing them into expensive auto-rickshaws, unreliable ride-hailing apps, or uncomfortable walking in India's summer heat and monsoon rain. MYBYK's bicycle network addressed this gap with a sustainable, affordable, and healthy alternative.

Aman Gupta exited on unit economics sustainability grounds bicycle sharing businesses globally have struggled to achieve profitability because fleet maintenance costs (theft, vandalism, mechanical wear) consistently exceed fare revenue at the scale required for urban impact. Namita Thapar exited on domain expertise grounds pharmaceutical healthcare distribution networks offer no overlap with urban bicycle fleet management. Vineeta Singh exited on competitive intensity concerns the urban micro-mobility space was being entered by well-funded players including Yulu, Bounce, and eventually Ola Electric, all with significantly more capital than MYBYK's current investor base. Amit Jain was the most commercially curious CarDekho's automotive marketplace position gave him familiarity with urban mobility trends.

No Shark made a formal offer. All five exited before entering negotiation. The combination of the ₹200 crore implied valuation, the asset-heavy bicycle fleet management economics, government policy dependence (cities must approve bicycle sharing routes and hubs), and the competitive pressure from better-capitalised micro-mobility alternatives prevented any Shark from constructing an investment thesis that justified the ask.

Arjit Soni left Shark Tank India Season 2's season finale and therefore the last pitch of the entire season without any investment. All five Sharks declined, primarily citing the capital intensity of bicycle fleet operations, the government policy dependence of urban cycling infrastructure, the competitive landscape from funded micro-mobility alternatives, and the ₹200 crore implied valuation's disconnect from current operating metrics. MYBYK became Season 2's final no-deal company the last pitch of the season, closing the book on Season 2 without its own investment.

The company is poised to launch e-bike rentals starting from Ahmedabad and gradually scale up operations in other cities. The Gen Z electric bike launch licence-free, 135 km range, 25 km/h top speed extends MYBYK's platform from pedal-only cycling to an electric-assist offering that dramatically broadens the addressable rider demographic. Riders who found pedal cycling too physically demanding for their daily commute can now access MYBYK's network through the e-bike, while existing pedal riders gain the option to upgrade for longer or hillier routes.