Shark Tank India: The Future Animations Secures a Strategic Deal
Sharks Present
- Aman Gupta
- Anupam Mittal
- Vineeta Singh
- Varun Dua
Company Overview
Company Name: The Future Animations
Founders: Rohit Thakur (young, male) and Anmol Pandey (teenager, male)
Location: Delhi
Website: Future Animation
Vision and Mission
The Future Animations aims to bring Indian animation to the global stage by providing high-quality animation at lower costs and with faster turnaround times. They achieve this by hiring talented artists from around the world and optimizing their production process.
Workflow and Client Approach
The company divides its animation-building process into four key steps, ensuring client approval at every stage:
- Character Sketches
- Video Storyboard
- 3D Models
- Animations
Client Base
- Clients: 400
- Client Location: 99% international
Team Structure
- Employees: 5 (2 in India, 2 in Brazil, 1 in Indonesia)
- Additional freelancers are hired as needed, based on project requirements.
Company Structure
Currently operating as a proprietorship, with plans to convert to a private limited company.
Funding Ask
- Ask: ₹50 lakh for 2.5% equity
- Valuation: ₹20 crore
Founding Journey
- Started in: 2020
- Initially worked as freelance animators before transitioning into building a full-fledged animation company.
Financial Performance
Annual Sales
- FY23-24: ₹1.6 crore
- FY24-25: ~₹97 lakh
Net Margin
Sales Split
- 70% from Upwork
- 30% from offline leads
Shark Feedback
- Varun Dua: Opted out, stating the business is not investable.
- Vineeta Singh: Declined the offer.
- Aman Gupta: Rejected the deal, highlighting that the animation industry ages very fast.
- Anupam Mittal: Advised focusing solely on animation while waiting for the Indian market to mature for Animation IP, and went out of the deal.
Final Deal
Peyush Bansal stepped forward with an offer:
- ₹50 lakh for 10% equity (valuation: ₹5 crore).
- Additionally, Peyush committed to providing animation work worth ₹50 lakh to the company.
Outcome: The founders accepted Peyush’s offer, securing strategic support for their venture.
Conclusion
The Future Animations is set to revolutionize the animation industry by offering cost-effective and high-quality solutions. With Peyush Bansal’s mentorship and support, the company is poised for significant growth, aiming to solidify its position in the global market.