Mumbai, 15 February 2024 – Hyperlab, a sports-tech startup, clinched a game-changing deal of Rs 25 lakh with Aman Gupta for its innovative sports trainer, ‘Helios.’ Founded by Hitarth Parikh and Chahil Patel, Hyperlab combines sports and technology to revolutionize athletic training, challenging conventional boundaries.
About Hyperlab:
Founded by Hitarth Parikh and Chahil Patel, Hyperlab presented ‘Helios,’ a patented sports trainer, on Shark Tank India 3. The startup, at the forefront of integrating AI and ML algorithms into sports training, received a government grant of Rs 45 lakh for its commitment to technological innovation. Hyperlab envisions bridging the physical and virtual realms of training, offering athletes an unparalleled experience.
Helios, the flagship product of Hyperlab, employs real-time analytics and laser projection technology to deliver dynamic training experiences. Athletes can customize workouts, track progress, and access precision drills and analytics, unlocking their full potential. The application extends beyond traditional fitness, providing specially curated regimes for sports like football, badminton, and basketball.
Seeking a Rs 10 lakh investment for one percent equity, Hyperlab set the stage for an exhilarating showdown. In a strategic move, Helios pitched all Sharks against each other, leading to competitive offers. Aman Gupta of BOAT and Vineeta Singh of SUGAR Cosmetics made compelling offers, ultimately resulting in a thrilling negotiation.
Impact and Conclusion:
The Rs 25 lakh deal with Aman Gupta marked a pivotal moment for Hyperlab, validating their vision and product. The founders expressed gratitude for the Shark Tank platform, describing it as a game-changer for young entrepreneurs. Hyperlab’s success on the show not only secured crucial investment but also generated widespread buzz, positioning them to impact athletes and fitness enthusiasts globally. As Hyperlab continues its journey, the Sharks’ confidence in the product and potential sets the stage for future growth and innovation in the sports-tech landscape.
