Entrepreneur Name – Sriram Kashyap Addepally and Vishnu Vidhey Addepally
About the Entrepreneur – Kashyap and Vidhey are the founders of a company based in Hyderabad. Vidhey completed his undergraduate degree in Civil Engineering from IIT Bombay, and although he was offered a place at Stanford University for further studies, he decided to pursue his passion for innovation instead.
Kashyap, on the other hand, comes from a background in Architecture and Design. He completed his undergraduate degree in Pune and his master’s degree in the United Kingdom. Together, they founded their company in Hyderabad.
LinkedIn Profile –
| Sriram Kashyap Addepally | https://www.linkedin.com/in/addepally-sriram-kashyap/ |
| Vishnu Vidhey Addepally | https://www.linkedin.com/in/vidhey-addepally-19456080/ |
| Brand Name | Sepal |
| Brand Website | https://www.sepal.in/ |
| Business Category | Shield for Bikes |
Innovation – Yes, Sepal’s objective is to continually innovate using resources and electronics to bring the convenience of four-wheel transportation to a two-wheeler vehicle.
| Company Valuation | ₹25 Crores |
| Equity Asked | ₹50 Lakhs for 1% Equity |
| Deal Closed | Yes |
| Final Shark Tank Deal | ₹50 Lakhs for 2% Equity |
| Target City/Country | Worldwide |
| Total Addressable Market | US$ 8857.1 Mn |
| Product | Shield for Bikes |
About the Product – Sepal, the first-ever canopy structure for bikes, has been introduced by Kashyap and Videhy, which is both easy to install and capable of protecting against rain, dust, sunlight, and pollution. This product is incredibly robust, and can withstand speeds of over 100 km/hr without damage. Moreover, it can transform a regular bike into a smart bike, with features such as navigation, calling, and music available through its own mobile application.
Sepal has been shipped to countries worldwide, including the UK, US, Middle East, and Africa, and has been used in 25 states across India. Kashyap and Videhy plan to launch a brand new scooter in the near future.
The installation process is straightforward, as the product comes in three parts: a base that attaches to the fuel tank using an industrial strap made of aerospace-based material, a hard plastic windshield, and a front canopy composed of proprietary materials that provide strength and durability.
Conclusion –
Vidhey and Kashyap asked ₹50 Lakhs for 1% Equity. Shark Peyush offered ₹50 Lakhs for 2% Equity. It concluded in a successful deal.
