Community-building and offline social networking brand Misfits featured on Shark Tank India, where founders Shashwat Narhatiyar, Shaswat Kar, Saurabh Sharma, and Chaitanya Dhawan presented their vision of building a “third space” beyond home and work to bridge the gap between digital networking and real-world connections.
During the pitch, the founders shared that Misfits operates in the hyper-local community space, with a strong focus on “hobby clubs” where members meet offline for activities like sports, board games, hiking, and music jams.
The brand’s core offerings include a platform that connects venue owners, club leaders, and users, all managed through an in-app ecosystem designed for simplicity and safety. Misfits highlighted that they offer features like “Leader Mode,” which allows users to start their own clubs; currently, 150 leaders have been approved from over 1,500 applications. Among its offerings, sports meetups have emerged as a hero category, contributing nearly 30-40% of total meetups.
Entering the Tank, Misfits sought ₹1 Crore for 1.25% equity, valuing the company at ₹80 Crore.
On the financial front, the company reported a monthly Gross Booking Value (GBV) of ₹20–22 Lakh, with platform sales standing at ₹7 Lakh. Monthly metrics for November 2025 showed an average of 700 meetups in Delhi NCR with 5,000 unique monthly attendees.
The company shared key operational metrics, including an Average Booking Value of ₹270 per meetup. The platform’s revenue share averages ₹60 per attendee, though this varies between sports meetups (₹40) and non-sports meetups (₹75). Misfits currently operates with a monthly burn of ₹23 Lakh and maintains a team of 24 full-time employees.
The company has significant digital traction with 95,000+ app downloads since its July 2024 launch and 25,000 Monthly Active Users (MAU).
After negotiations, Kanika Tekriwal closed the deal by investing ₹1 Crore for 3% equity, revising the company’s valuation to ₹33.33 Crore.
The founders shared that the capital raised will be used to scale their presence beyond the Delhi NCR region, strengthen their team, and further develop their event management and venue booking tools.
