Uprear Build, a premium modular construction startup founded by Shrikant Shah, made a strong impression on Shark Tank India Season 5. With its sharp focus on smart, foldable, building-code-compliant modular pods, the company showcased how construction can be faster, cleaner, and far more efficient without compromising on quality.
Pitching under the tagline “When Building Science Meets Smart Construction”, Shrikant walked the sharks through Uprear Build’s journey since launching its factory in October 2022. What really caught attention was the live-style demonstration of a pod being unfolded and installed via crane and highlighting that a 330 sq. ft. studio can be installed in just 1 hour, with delivery in 15–20 days.
From a business standpoint, the numbers spoke loudly. Uprear Build scaled rapidly, from ₹1.5 Cr in FY 22–23 to ₹26.2 Cr in FY 24–25, with ₹30 Cr+ cumulative sales in three years. A major driver of this growth has been their Anganwadi centre modules, which currently contribute 70% of total revenue, a strength, but also a risk the Sharks didn’t ignore.
Shrikant asked for ₹2 Crores for 2.5% equity, valuing the company at ₹80 Crores. The Sharks pushed back on valuation and revenue concentration. Anupam Mittal proposed a mix of equity, debt, and royalty, while Kunal Bahl offered a cleaner structure with equity plus debt.
After negotiations, the deal was sealed with Kunal Bahl : ₹1 Crore for 2% equity + ₹1 Crore debt at 10% interest for 3 years, valuing Uprear Build at ₹50 Crores.
