Founders
Prateek Vats & Deepesh Shrivastava are the founders of Wanderlooms, Prateek a seasoned rider from Bhopal and founder of a riders’ club, embarked on his entrepreneurial journey in 2007. Deepesh Shrivastava, a passionate intern from Madhya Pradesh who once braved a 100 km daily commute, joined the team and eventually became a Co-Founder.
Brand Overview
Wanderlooms is an adventure touring brand based in Bhopal that provides travel enthusiasts with stylish, comfortable, and functional gear designed for those who embrace the wild at heart. The brand aims to build a community of riders across the country, providing premium riding gear at affordable rates. Wanderlooms crafts unforgettable experiences for travel enthusiasts with stylish, comfortable, and functional gear built for the wild at heart. Prateek shared a life-altering experience that reinforced his commitment to adventure touring. He had a heart attack during one of his rides and was saved by a fellow rider who is a cardiologist. Wanderlooms emphasizes storytelling, creating wearables that reflect the emotions and connections of every journey.
Shark Tank India Appearance and Ask
Prateek Vats and Deepesh Shrivastava presented their biking gear brand, Wanderlooms, to the panel of ‘sharks’, seeking ₹50 lakh in exchange for 2.5% equity, valuing their company at ₹20 crore.
Deal Finalized or Not
Prateek went with Namita Thapar and Ritesh Agarwal’s offer. They offered Rs 50 lakh in exchange for 5%, and Prateek managed to get them down to 4%. Prateek explained that Ritesh’s network in the travel industry could significantly benefit their company.
Product Overview
Wanderlooms produces lifestyle products with which customers can showcase their personalities. They provide premium riding gear at affordable rates, and the products use premium quality material.
Investor Reactions
- Anupam Mittal was inquisitive about the riding subculture in the country and wanted to know more about safety protocols. He wasn’t impressed with the mugs, citing poor quality, and said Prateek needed to be smarter.
- Aman Gupta was on the same page about the designs and said that they would need to up their game in this department. He offered ₹50 lakh in exchange for 5% equity.
- Peyush Bansal dropped out, saying that Prateek needs a more business-minded partner to fix some of their shortcomings.
- Namita Thapar and Ritesh Agarwal agreed to make a joint offer, offering ₹50 lakh in exchange for 5%, which Prateek managed to get them down to 4%.
Customer Engagement Philosophy
Wanderlooms aims to build a community of riders across the country, and provide premium riding gear for them at affordable rates.
Product Highlights
- Provides premium riding gear for travel enthusiasts.
- Offers products with premium quality material.
- Focuses on lifestyle products with which customers can showcase their personalities.
Future Vision
Wanderlooms plans to scale its operations and take adventure to the next level. They aim to build a community of riders across the country, and provide premium riding gear for them at affordable rates.
