The founder of the firm, Kartik Sabherwal, and the director of business development, Vaibhav Rathore, presented their business pitch to a group of potential investors with the goal of earning INR 75,00,000 ($90,664 USD) in exchange for a 3% ownership.
Upthrust esports is one of the most popular and trusted esports tournament Organizer companies in the Indian esports community. Recently, Upthrust Esports’ presence on Season 2 of Shark Tank India has gotten a lot of positive feedback from the Indian gaming and esports communities. The founder of the firm, Kartik Sabherwal, and the director of business development, Vaibhav Rathore, presented their business pitch to a group of potential investors with the goal of earning INR 75,00,000 ($90,664 USD) in exchange for a 3% ownership. On the same day, the episode was shown on Sony LIV at 22:00 (IST). Check out the table below for more information on the pitch’s conclusion and the gaming company’s valuation.
The Indian version of the original American show Shark Tank is the business reality television programme Shark Tank India. Selected business owners pitch their ventures to a panel of shark investors, who then determine whether or not to invest in a company. It is shown on Sony Entertainment Television in Hindi.
Upthrust Esports appeared with one of the business ideas in yesterday night on the show, which has returned for Season 2 after the popularity of its first season
Vaibhav Rathore and Kartik Sabherwal will be Upthrust Esports’ representatives. Kartik founded Upthrust Esports and serves as its managing director. He expressed his happiness and pride in becoming the first person in Indian gaming history to represent our Indian gaming community on national television after the trailer’s release. Along with being Team Celtz’s and Echo Updates’ involvement with him, Vaibhav oversees relationships for Upthrust Esports. Vaibhav made the following statement in a press release: “It can be challenging to alter parents’ traditional outlooks and misconceptions regarding gaming. To educate parents about esports and how this may be a good career option as well, we appeared on Shark Tank India.”
Also Read Top 5 TH11 Attack Strategy in clash of clans
The company is being showcased in this way across both national television and media streaming platforms for the first time in the history of gaming and esports in India.
Kartik Sabherwal said, “We are tremendously grateful to our community and our viewers, who have made this ultimate aim achievable,” during an appearance on Shark Tank India Season 2. At the start of the gaming and esports period, all the community members are asked for is their support. Please give us a tonne of support throughout our episode, and let’s work together to advance esports.
The Sharks did not provide the financing that Upthrust Esports had hoped for. Despite this, the esports organising organisation and the Indian industry as a whole can look back on their debut on Shark Tank India as a key turning point. A favourable development for the development of esports in the nation was made possible by the company’s visibility on national television, which helped it connect with a larger audience.
Pro Showdown, Ranbhoomi, Gamers On Ground, Survivor’s Throne, and Gaming Fest are just a few of the well-known tournament names that Upthrust Esports, a company recognised for staging online gaming competitions, has produced. The business also offers services for product marketing, brand engagement, production management, and talent management in addition to arranging tournaments. Even if Upthrust Esports was unable to obtain the cash it requested from the investors, the fact that they were shown on national television is a positive step for the development of the esports business in India.
Get the latest from Sportslumo.com by following us on Instagram, Twitter, and YouTube