WYLD Shark Tank India Season 3: There is always a first, who takes the necessary steps first and executes the idea without hesitation, this is the true identity of any entrepreneur. Today, we will talk about one such startup WYLD on Shark Tank that has a completely different model. To learn more about WYLD Shark Tank India Season 3, stay tuned with us till the end.
WYLD Shark Tank India Season 3
WYLD is the world’s first Social Currency Card which is a VISA-powered payment card that works in three simple steps – Buy, Post, and Earn. The co-founders of WYLD presented their social cards and business models to the Sharks. Any social media user with 1000+ followers can use a WYLD card to make payments for shopping from the brands that have partnered with the WYLD and have a post about it on social media with #GetWYLD and you will get an instant cashback of 30% – 100%.
When the founders were presenting a demo to the Sharks, Peyush got to know that Lenskart is already a partner of WYLD, they a payment of Rs 1000 and got Rs 600 as cashback.
Founders of WYLD
Dishant Sanghvi, Yash Sakhlecha, and Rij Eappen are the founders of WYLD. Dishant is the CEO, Yash Sakhlecha is the COO, and Rij is the CMO. They all have surpassed a commendable journey of entrepreneurship to reach today.
Dishant Sanghvi WYLD completed his Bachelor of Commerce degree from the K P B Hinduja College of Commerce, New Delhi in 2016. To pursue his Master of Commerce, he attended the University of Mumbai. He is a serial entrepreneur who has founded multiple startups including PlayOSport, Influnite, and The Socialgram.
Yash Sakhlecha WYLD completed his Bachelor of Technology, in Civil Engineering from the Indian Institute of Technology, Bombay in 2017. He has worked at several companies, before founding Influnite, he was working at Ajanta International as a Head of Strategy. He was also the co-founder of The Socialgram.
Rij Eappen completed his graduation in Hospitality Administration from the Asan Memorial Institute of Hotel Management & Catering Technology and Past Graduation in Facilities and Hospitality Management from the Deventer Business School, Deventer, The Netherlands in 1999. He has worked as a Chief Operating Officer at several hotels including Prism Hospitality, Ecolodge Hotels, Prism Rewards, TechTuners Inc., etc. He is also a serial entrepreneur who has founded Travels Bond Inc. and King Of Clubs.
Meet: All the 12 Shark Tank India Season 3 Judges.
WYLD Shark Tank Business Deal
WYLD on Shark Tank India Season 3 episode streamed on 31 January 2024. The WYLD founders presented their products and business model to the Sharks. They asked for Rs 50 lakh and offered 0.5% equity in exchange.
Azhar Iqubal made the first offer to them which was 50 lakh for 5% and Namita Thapar joined him. Amit also offered Rs 11 lakh for 0.2% equity and the rest of the Rs 39 lakh in debt at a 12% interest rate for 3 years. Anupam also offered them 50 lakh for 3% equity. After this, Peyush also offered them 50 lakh for 2.5% equity.
after this, the rain of counter offers and revised offers started and finally, the deal was locked with Anupam Mittal for 75 lakh with the dilution of 1.5% equity.
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Final Words
In this write-up, I have shared everything about WYLD Shark Tank India Season 3. The founders of Wyld have innovated a great idea of making customers their influencers, this gives massive cashback to the customers while a massive marketing to the partnered brands.
Hope this WYLD Shark Tank business deal was learnable for you and the content I have shared was also useful for you. To get instant updates about Shark Tank India Season 3, stay connected with us. Thanks for reading.
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FAQs
Who is the founder of WYLD?
Dishant Sanghvi (CEO), Yash Sakhlecha (COO), and Rij Eappen (CMO) are the founders of WYLD.
What is the world’s first social currency payment card?
WYLD is the world’s first social currency card powered by VISA. You can make payments with this card like other credit/debit cards and post about it on social media and you get instant cashback. You should have 1000+ followers on Instagram and you have to shop from the WYLD-partnered brands only to get cashback whether online or offline.
