The latest episode of Shark Tank India Season 4 featured a special Campus Edition, showcasing the innovation and ingenuity of young entrepreneurs.
Meet Deore, a Class 12 student from Pune, who is preparing for JEE, delivered an impressive pitch that won over all the judges.
Aspiring to become a mechanical engineer, Meet, 16, said he plans to merge innovation and practicality by creating affordable electric vehicles. He presented his revolutionary company, Demi Bikes, an electric motorcycle with distinctive features at the show.
The Sharks admired his efforts, with Aman Gupta joking about his own indecision at 16 compared to Meet’s achievements. The judges were impressed as they watched videos of Meet’s early projects, including his electric go-kart, which he built when he was 10 years old. Aman remarked, “At your age, most of us had no idea about life, and here you are building vehicles!”
Meet revealed that he was only 10 years old when he built the electric kart, to which a stunned Aman said, “Logon ke daant nahi toote the, kya kar raha hai meet, sharam aarahi hai humein apne bachpan by.”
The bike, made entirely in India, costs around Rs 40,000 to manufacture and is designed to be both economical and efficient. During his pitch, Meet asked for Rs 30 lakh for a 10% stake, valuing his company at Rs 3 crore.
The Sharks were visibly impressed by his story and vision. Notably, Meet made the bike frame itself, relying on fabricators for independent welding and placement of components based on its detailed designs. He also inspired his cousins to join the project, to which Namita Thapar commented, “You are like a dream cousin for every mom.”
Meet highlighted the lack of affordable, high-quality Indian-made bikes in the market. After taking a test drive, Aman pointed out a few issues with the bike’s performance.
Ultimately, none of the Sharks invested and advised him to temporarily put the project on hold to prioritize his education. All Sharks praised his clarity and ambition, promising to support him non-financially while encouraging him to focus on his studies.
