Str8bat: Revolutionizing Cricket with Smart Bat Sensors | Shark Tank India Season 4

Introduction

In Episode 21 of Shark Tank India Season 4, Str8bat, a deep-tech sports company from Bangalore, pitched their innovative smart bat sensor technology. The founders, Madhusudhan Ranganathan, Gagan Daga, and Rahul Nagar, presented their AI-powered motion capture sensor that turns a regular bat into a smart bat without needing a camera.

What is Str8bat?

Str8bat is a cricket-focused sports-tech company that has developed a patented sensor capable of capturing motion, bat speed, swing speed, and timing in real-time. The data is displayed on the Str8bat Cricket App, helping players analyze and improve their game.

Key Features of Str8bat Sensor

• Patented motion capture technology
• Works without a camera
• Displays real-time batting analytics
• 91% of users have shown improvement
• Integrated smart willow collaboration with SG
• Used by Rajasthan Royals (IPL) for the last 5 years

The Pitch

The founders entered the tank with an ambitious ask of:
💰 ₹1.5 Cr for 1% equity (Valuation: ₹150 Cr)

They highlighted the company’s collaborations with IPL teams and international customers, including Cricket Australia, making them a global player in cricket technology.

Sales & Financials

Revenue & Burn Rate (Last 2 Years)

• FY 2022-23 → ₹1.2 Cr revenue (₹3.5 Cr burn)
• FY 2023-24 → ₹1.2 Cr revenue (₹2.5-2.75 Cr burn)
• FY 2024-25 (till Oct) → ₹44 lakh revenue

Additional Insights

• 95% of their sales come from India
• Signed a deal with SG for 50,000 smart bat stickers over the next 3 years
• Annual Subscription Fee for Performance Analytics: ₹1188
• Team Size: 18 (₹20 lakh/month in salaries)

Equity Breakdown

• Gagan Daga → 27%
• Rahul Nagar → 14%
• Madhusudhan Ranganathan → 5.57%
• ESOPs & Advisory → 14%
• Investors → 39.43%
• Total Funding Raised: ₹43.3 Cr
• Cricket Australia has invested in the company

Sharks’ Response

• Kunal Bahl → Out, felt there was no solid business model yet.
• Vineeta Singh → Out
• Ritesh Agarwal → Out
• Aman Gupta → Offered ₹1.5 Cr for 4% equity (Valuation: ₹37.5 Cr)
• Namita Thapar → Joined Aman in the deal

Final Deal

✅ ₹1.5 Cr for 3.5% equity (Valuation: ₹42.86 Cr)
✅ Investors: Aman Gupta & Namita Thapar

Conclusion

Str8bat is on a mission to revolutionize sports analytics in cricket with its AI-powered smart sensor. The deal with Aman & Namita gives them a solid opportunity to scale their technology further.

🚀 Want to try Str8bat? Visit: Str8bat.com