Entrepreneur Name – Prem Kale
About the Entrepreneur – With 5 years of experience in woodworking, manufacturing, and innovative organization development, Prem Kale is an entrepreneur who has successfully created and developed several projects, including a proprietary sustainable balance bike.
In addition to his impressive accomplishments, he was recognized as a National Finalist at WorldSkills India 2018.
LinkedIn Profile – https://www.linkedin.com/in/prem-kale-178805193/
| Brand Name | Tipayi(by Vamshycle) |
| Brand Website | https://www.vamshycle.com/ |
| Business Category | Bikes |
Innovation- Yes, the entrepreneur has introduced a cycle that does not have pedals and aims to inculcate the ability to balance in children at an early age. The idea of innovation in this product is being appreciated by the sharks in the business pitch. Will try to learn such products with the eyes of the customers and the eyes of the business.
| Company Valuation | ₹5 Crore |
| Equity Asked | ₹50 Lakhs for 10% |
| Deal Closed | No |
| Final Shark Tank Deal | No Deal |
| Total Addressable Market | ₹5,65,24,56,87,500 |
| Product | Balance Bikes For Kids |
About the Product – TIPAYI by Vamshycle is one of the first wooden balance-bike for growing kids globally. Custom-built from premium and child-friendly materials, the design focus is on correct riding posture, ergonomics, and ease of use.
Conventional early-age bikes outgrow the requirements of kids…their modular build allows for different configurations on the same bike. Perfect for a one-year using it as a ‘walker-assist’ to a five-year-old on it.
At Vamshycle they say – Tipayi grows as your child grows!
Conclusion –
Prem Kale asked for ₹50 Lakhs for 10% Equity but sharks Aman Gupta and Peyush Bansal offered him ₹5 Lakhs for 10% Equity & ₹45 Lakhs Debt. It concluded in No Deal.
Revolutionizing Kids’ Biking: Tipayi by Vamshycle
- Innovative Dynamo: Prem Kale
- Entrepreneur Name: Prem Kale
- About the Entrepreneur:
- 5 years of expertise in woodworking, manufacturing, and organizational development.
- Successfully created projects, including a sustainable balance bike.
- National Finalist at WorldSkills India 2018.
- Brand Unveiling: Tipayi by Vamshycle
- Brand Name: Tipayi (by Vamshycle)
- Brand Website: Vamshycle
- Business Category: Bikes
- Innovation: Yes, Introducing a pedal-less cycle for children to develop early balancing skills.
- Financial Landscape
- Company Valuation: ₹5 Crores
- Equity Asked: ₹50 Lakhs for 10%
- Deal Status: No
- Final Shark Tank Deal: No Deal
- Entrepreneurial Odyssey
- LinkedIn Profile: Prem Kale
- Expertise Spectrum: Woodworking, manufacturing, and organizational development.
- Awards and Recognition: National Finalist at WorldSkills India 2018.
- Tipayi: Kids’ Balance Bikes
- Product Offering: Wooden balance bike for growing kids.
- Design Focus: Correct riding posture, ergonomics, and ease of use.
- Modular Build: Adaptable configurations for different age groups.
- Usage Spectrum: From a ‘walker-assist’ for one-year-olds to a full-fledged bike for five-year-olds.
- Shark Tank Dynamics
- Shark Offer: Aman Gupta and Peyush Bansal proposed ₹5 Lakhs for 10% Equity & ₹45 Lakhs Debt.
- Entrepreneur’s Stand: No Deal.
- Deal Conclusion: No Deal.
Note: The summary encapsulates Prem Kale’s venture, Tipayi by Vamshycle, its innovative kids’ balance bikes, and the dynamics of the deal closure on Shark Tank India.
Tipaayi: Pioneering Wooden Balance-Bikes for Growing Kids
Business Plan:
- Introduction:
- Tipaayi, a groundbreaking venture, introduces the first-ever wooden balance-bike designed for growing kids. This innovative cycle, devoid of pedals, focuses on instilling balance skills in children from an early age.
- Business Potential:
- The market potential for Tipaayi revolves around addressing the need for innovative and educational toys for children. The global market for balance bikes is expected to reach $150 million by 2025.
- Total Addressable Market (TAM):
- The TAM includes parents and caregivers seeking developmental toys for children aged 2-5 years, emphasizing safety and skill enhancement.
- Ideal Target Audience:
- Tipaayi targets parents, grandparents, and caregivers looking for a unique and educational gift for toddlers. The ideal age group is 2-5 years.
- Marketing Strategy:
- A comprehensive marketing strategy includes social media campaigns, influencer partnerships, and participation in parenting events.
- Anticipated growth in brand visibility by 30% in the first year.
- Content and Digital Marketing Strategy:
- Engaging content showcasing the benefits of wooden balance-bikes for early childhood development.
- Collaborations with parenting bloggers and influencers to generate authentic reviews and testimonials.
- Distribution Strategy:
- Tipaayi adopts a dual distribution strategy, combining online sales through its website and partnerships with select toy stores.
- Expansion plans include collaboration with e-commerce giants to reach a wider audience.
- Advantages:
- Innovation in the form of a wooden balance-bike, focusing on motor skill development and early balance training.
- Positive reception and appreciation from potential investors, as highlighted in business pitch presentations.
- Challenges:
- Overcoming traditional perceptions about children’s toys and convincing parents of the educational benefits.
- Staying ahead of potential competition in the evolving market of children’s developmental toys.
- Reasons for Success:
- Unique value proposition of a pedal-less wooden balance-bike fostering early-age balance skills.
- Strategic alignment with increasing demand for educational and developmental toys.
- Mitigation Strategies:
- Educational campaigns targeting parents and caregivers about the long-term benefits of early balance training.
- Continuous product innovation and adaptation to changing market trends.
- Future Business:
- Expansion into international markets, tapping into the global demand for innovative children’s toys.
- Introduction of complementary products, such as safety gear and educational materials, to enhance the brand’s offerings.
- Roadmap to Increase Valuation:
- Collaborations with child development experts for endorsements and certifications.
- Implementation of a subscription-based model for additional educational content and activities.
In conclusion, Tipaayi’s commitment to innovation, education, and skill development in children positions it as a frontrunner in the evolving landscape of children’s toys.
