Last updated on 25 January 2024.
Find out everything about the pitch of WTF Gyms on Shark Tank India, its founders, and the latest updates about the company!
WTF Gyms on Shark Tank India
WTF is not what you are thinking of, it stands for Witness The Fitness.
Here are the key details about their pitch on Shark Tank:
| Name | WTF Gyms |
| Founders | Vishal Nigam, Anita Rai, Arpit Nigam |
| Episode | Season 3 Episode 2 |
| Ask | ₹1 Crore for 2% Equity |
| Deal | No Deal |
| Shark | NA |
| Status | In-business |
WTF Gyms are like OYO for gyms. They tie up with regular gyms nearby to make them better and affordable. They operate as well as maintain the whole gym under their brand name as well.
The founder couple wanted ₹1 crore for 2% equity. Till the pitch, they had about 40+ gyms in Delhi-NCR and Bengaluru. The mission is to reach 500 gyms in the next 5 years.
Anupam asked about the business model first and then all hell broke loose. He was not convinced that it would work, since now the new gyms will have two operators. Anupam thinks it will never work and the valuation was out of the park.
Pitcher also told about his AI model Fitty but Aman thought it was all just buzzwords.
But things went downhill when Shark Deepinder noticed errors in their marketing. There were grammatical errors and even the phone number mentioned was incomplete.
The final nail in the coffin was that even the founder was not going to the Gym. He was not using his service. No shark seemed interested in the business.
Here is a little look at what happened at the tank:
WTF Gyms left Shark Tank India with no deal.
Deepinder still advised them to under-promise and over-deliver when pitching the business to investors. Namita told them to take feedback positively.
About The Founders
Vishal Nigam is the main co-founder and CEO of WTF Gyms. Other co-founders are his wife Anita Nigam and brother Arpit Nigam.
Vishal did his B.Tech. from Lovely Professional University. After that, he worked in different companies as a Blockchain expert, AI developer, and corporate trainer. He started WTF Gyms in 2022.
His wife Anita is also his batchmate from the college. She worked at ‘Qoaching’ as their CMO before joining her husband.
After Shark Tank Updates
While the pitch was heated, Vishal thought it was a blessing for them. He posted a video on Instagram after the Shark Tank episode of WTF Gyms aired, where he talked about his mission.
By the way, other businesses featured in this episode were The Cinnamon Kitchen and Intervue.
Finally, here is the official company pitch via their website: “We are a new paragon of wellness & we believe in promoting new-age fitness and health with the help of our exclusive WTF App and Fitness centers across the city which includes their dynamic and diverse range of programs to suit and meet all your needs. We are also creating a global platform that empowers entrepreneurs & small businesses with Fitness facilities and will help them go digital & provide them with full-stack technology that increases earnings & eases their operations. We believe in bringing an affordable and premium experience that our members can book instantly. We also try to make the lives of our patrons easier by multiplying revenue channels & using our technological expertise to maximize demand.”
Takeaways
So now you know about WTF Gyms’ pitch on Shark Tank India. We hope they take feedback positively and improve their business!
And if you don’t know who I am? I am Ranish Chauhan a.k.a. Fulmino Fan, a Fan of the Shark Tank show.