Rohan Khanduja, founder of Tripole Gears, recently pitched his brand on Shark Tank India Season 4, seeking ₹1 crore for 1% equity, valuing the company at ₹100 crore.
Founded in 2017, Tripole Gears is a Make-in-India brand offering affordable outdoor gear for hiking enthusiasts.
Its product lineup includes rucksacks, backpacks, sleeping bags, duffel bags, and apparel, all designed with a focus on strength, utility, and comfort.
During his pitch, Khanduja highlighted that Tripole Gears is a bootstrapped venture started with an investment of ₹15 lakh from his savings.
The company operates in both online and offline markets, with 20% of sales coming from international markets and 80% from domestic customers.
In FY 2022–23, the company recorded sales of ₹11 crore, which grew to ₹14.2 crore in FY 2023–24. For the current financial year, the company is targeting sales of ₹20 crore. Notably, rucksacks contribute to 70% of sales, backpacks to 10%, and other products to the remaining share.
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The Sharks made multiple offers following Khanduja’s pitch. Vinita Singh offered ₹50 lakh for 1% equity along with a ₹50 lakh loan, and later revised it to ₹1 crore for 1.5% equity and a 1% royalty.
Kunal Shah proposed ₹3 crore for 7.5% equity. Meanwhile, Ritesh Agarwal presented an initial offer of ₹60 lakh for 1% equity and a ₹40 lakh loan.
After deliberations, Khanduja accepted Ritesh Agarwal‘s final offer of ₹75 lakh for 1.15% equity and a ₹25 lakh loan at an interest rate of 9% for five years.
