Entrepreneur Name – Gaurav Kundra and Gaurav Sharma
About the Entrepreneur – The founders of the company, Gaurav Kundra and Gaurav Sharma, both hail from Ludhiana. Gaurav Kundra obtained his BBA degree in 2014 and harbored a desire to undertake innovative ventures alongside his business pursuits.
His work with Chinese companies from 2012 revealed the crucial role of credit in the smooth operation of businesses, which prompted him to complete his finance executive program at IIT Delhi in 2022.
On the other hand, Gaurav Sharma graduated with a B.Tech degree in Electronics Engineering in 1995 and began his entrepreneurial journey by selling IT hardware and software solutions. In 2010, he commenced importing products from China for his business.
LinkedIn Profile –
| Gaurav Kundra | https://www.linkedin.com/in/gaurav-kundra-493207113/ |
| Gaurav Sharma | https://www.linkedin.com/in/gaurav-sharma25011975/ |
| Brand Name | Credmate |
| Brand Website | https://credmate.in/ |
| Business Category | Money and Credit Score Management |
Innovation – Yes, Credmate aims to create a secure and trustworthy ecosystem that encompasses an individual’s past transaction behavior, including financial data, from start to finish, utilizing robust technical protocols, in order to prevent fraud.
| Company Valuation | ₹10 Crores |
| Equity Asked | ₹50 Lakhs for 5% Equity |
| Deal Closed | No |
| Final Shark Tank Deal | No Deal |
| Target City/Country | India |
| Product | Money and Credit Score Management |
About the Product – Credmate is a lending company with 2.75 lakhs registered users who have collectively transacted approximately 1800 crore rupees through the platform. The company’s app is available on both Playstore and IOS platforms, and the lending process is straightforward.
If a borrower requires money, a notification will appear on the lender platform. The lender will have an OTP with them, which will be provided to the borrower upon returning the money to complete the transaction on Credmate. This process ensures that no one can evade repaying their debt.
Conclusion
Gaurav Kundra and Gaurav Sharma asked ₹50 Lakhs for 5% Equity. None of the sharks were interested in the deal. It concluded in No Deal.
