Tramboo Sports Shark Tank India Episode Review: Elevating Cricket Bat Craftsmanship
About Tramboo Sports: Tramboo Sports is a distinguished cricket bat brand specializing in high-quality Kashmir Willow bats. Crafted with precision, their grade 1 Kashmir Willow bats are lightweight, exceptionally durable, and deliver impressive performance. Notably, these bats are versatile and suitable for playing with both leather and tennis balls.
Tramboo Shark Tank India Episode Founders:
- Hamaad Tramboo and Saad Tramboo: The co-founders of Tramboo Sports, these entrepreneurs have positioned their brand as a leading cricket bat manufacturer in India.
Tramboo Shark Tank India Episode Key Insights from Shark Tank Pitch:
- Material Quality: Tramboo Sports handcrafts its bats using high-quality Kashmir Willow wood.
- Versatility: Bats are designed for use with both leather and tennis balls, catering to a broader market.
- Business Growth: Since its inception in 2021, the company has achieved substantial success, selling over 20,000 bats through social media and their official website.
Shark Tank Pitch and Updates:
- Season and Episode: Appearing on Season 3, Episode 7 of Shark Tank India, the founders, Hamaad Tramboo and Saad Tramboo, shared insights into their business.
- Pitch Highlights:
- The founders highlighted their unique seasoning plant, allowing them to complete the seasoning process faster than traditional methods.
- Approximately 70% of their sales come from Instagram, with additional sales through their website.
- The company secured an export order to Qatar for 1000 cricket bats.
- They sought INR 30 lakhs for 3% equity at a valuation of INR 10 crores.
Shark Queries and Deal:
- Anupam Mittal: Inquired about market size and future growth expectations.
- Ritesh Agarwal: Explored various aspects of their business process.
- Vineeta: Commended their efforts and confidence at a young age.
- Deal: Aman Gupta and Peyush Bansal made a combined offer.
Post-Shark Tank:
- The founders secured a deal of INR 30 lakhs for 4% equity at a valuation of INR 7.5 crores from Aman Gupta and Peyush Bansal.
Tramboo Shark Tank India Episode Company Details:
- Name: Tramboo Sports
- Founders: Hamaad Tramboo and Saad Tramboo
- Headquarters: Srinagar, India
- Founded: 2019
- Business: Cricket Bat Brand
- Profitability: Yes
- Shark Tank Episode: Season 3 – Episode 7
- Asked For: INR 30 lakhs for 3% equity
- Deal: INR 30 lakhs for 4% equity
- Sharks Invested: Aman Gupta and Peyush Bansal
- Valuation Given: INR 7.5 Crores
- Website: Tramboo Sports
FAQs About Tramboo Sports:
- Founders: Hamaad Tramboo and Saad Tramboo.
- Profitability: Yes, Tramboo Sports is profitable, with around a 25% monthly margin.
- Post-Shark Tank: They are focusing on scaling the export side of their business.
- Valuation: Secured an investment at a valuation of INR 7.5 Crores.
Tramboo Sports – Shark Tank India Success Story
Tramboo Shark Tank India Episode Business Overview:
- Product:
- Tramboo Sports specializes in high-quality cricket bats made from grade 1 Kashmir Willow.
- Bats are handcrafted for perfection, providing lightweight and durable options suitable for playing with leather and tennis balls.
- Founding Year:
- Established in 2019.
- Sales Channels:
- Sold over 20,000 bats through social media and their official website.
Founders: 4. Co-Founders:
- Hamaad Tramboo and Saad Tramboo.
Shark Tank Pitch:
5. Pitch Details:
- Appeared on Shark Tank India Season 3, Episode 7.
- Shared insights about their journey, emphasizing the use of high-quality Kashmir Willow and a unique seasoning process.
- Claimed to have sold more than 20,000 bats, with 70% of sales coming from Instagram.
- Closed an export order to Qatar for 1000 cricket bats.
- Funding Ask and Deal:
- Asked for INR 30 lakhs for 3% equity, valuing the company at INR 10 crores.
- Received an offer and closed a deal with Aman Gupta and Peyush Bansal for INR 30 lakhs for 4% equity, valuing the company at INR 7.5 crores.
- Post-Shark Tank Updates:
- Working on scaling the export side of the business after securing the Shark Tank deal.
Business Details: 8. Profitability:
- A profitable business with around 25% monthly margin on revenue, generating approximately 18 lakhs a month.
Sharks’ Queries: 9. Sharks’ Questions:
- Anupam Mittal inquired about the market size and expected growth.
- Ritesh Agarwal asked about various aspects of their business process.
- Vineeta appreciated their efforts and confidence at a young age.
Sharks’ Investment:
10. Investors: – Aman Gupta and Peyush Bansal invested after a combined offer.
Company Details:
11. Headquarters: – Srinagar, India.
- Tramboo Shark Tank India Website:
- [Tramboo Sports Website] https://tramboosports.com/
- Website has very low traffic and contesting on very less keywords
- Website is made on Shopify Platform
Frequently Asked Questions: 13. Profitability Confirmation: – Tramboo Sports is confirmed to be a profitable business, enjoying a monthly margin of around 25% on revenue.
- Post-Shark Tank Plans:
- Focused on scaling the export side of the business after securing the Shark Tank deal.
- Valuation Confirmation:
- The company was valued at INR 7.5 Crores during the Shark Tank investment.
Conclusion: 16. Success Story: – Tramboo Sports secured a deal with Aman Gupta and Peyush Bansal, showcasing the success of their high-quality cricket bat business on Shark Tank India.
Tramboo Sports: Crafting Excellence in Cricket Bats
- Business Potential in India:
- Cricket’s immense popularity in India provides a vast market for cricket equipment. With over 10 million registered players, the demand for high-quality cricket bats is substantial.
- Total Addressable Market (TAM):
- TAM includes all cricket players, both amateur and professional, in India. According to cricket associations, this figure stands at over 250 million individuals.
- Ideal Target Audience and Demographics:
- Target audience comprises cricket enthusiasts, aged 10-40, across urban and semi-urban areas. Demographics include students, professionals, and semi-professional players.
- Marketing Strategy:
- Leverage digital platforms for brand promotion, collaborating with cricket influencers, and utilizing search and social media advertising to reach a wide audience.
- Content and Digital Marketing Strategy:
- Develop engaging content around cricket, share success stories of players using Tramboo bats, and employ SEO strategies for online visibility. Leverage social media for interactive campaigns.
- Distribution Strategy:
- Establish partnerships with cricket equipment retailers, both online and offline. Explore tie-ups with cricket academies and sports retail chains for wider distribution.
- Advantages of Tramboo Sports Bats:
- Handcrafted precision for superior performance.
- Lightweight design providing power and control.
- Versatility for playing with leather and tennis balls.
- Premium grade 1 Kashmir Willow for durability and quality.
- Challenges:
- Intense competition from established brands.
- Ensuring consistent quality in handcrafted bats.
- Managing production costs to maintain competitive pricing.
- Reasons for Success:
- Focus on quality craftsmanship.
- Understanding and catering to player needs.
- Digital marketing strategies for brand visibility.
- Offering a diverse range for various playing styles.
- Mitigation Strategies:
- Implement stringent quality control measures.
- Invest in research for continuous innovation.
- Collaborate with influencers for authentic endorsements.
- Future Business:
- Introduce new cricket equipment and accessories.
- Expand product line based on market trends and customer feedback.
- Roadmap to Increase Valuation:
- Phase-wise expansion into international markets.
- Strategic collaborations with cricket leagues.
- Continuous investment in R&D for cutting-edge designs.
- Conclusion:
- Tramboo Sports, with its commitment to crafting high-quality cricket bats, is poised for success in the dynamic Indian cricket equipment market. Strategic marketing, a focus on quality, and a roadmap for future expansion contribute to its potential for increased valuation in the coming years.
Tramboo Shark Tank India Episode Review