Bullspree is a stock market gaming platform that allows users to participate in competitions and win money by creating a stock portfolio.- “Stock market ke angst ko leuk me badalte hai,” co-founder Bavishi said as he invited sharks to invest in the app.
Aman Gupta co-founder of boAt enPeyush Bansal Lenskart’s CEO put together an offer of ₹75 lakh for 2.86% equity.
It is not easy to make money in the stock markets, mainly because very few people understand the core of the market. An Ahmedabad-based startup Bullspree aims to introduce people to market fundamentals through fun competitions.
Bullspree is a stock market gaming platform that allows users to participate in competitions and win money by creating a stock portfolio and competing with other users.
Bullspree was co-founded in November 2020 by Harsh Dhanawat, Dharmil Bavishi and Divyansh Mathur. It is an experiential stock market gaming and learning mobile app that offers fun games about financial markets that help users better understand market dynamics.
“Stock market ke angst ko fun me badalte hai,” said co-founder Bavishi as he invited sharks to invest in the application in the second edition of
The founders asked for ₹75 lakh investment from sharks for 1.5% equity at a valuation of ₹50 crore.
Most of the sharks declined to invest in Bullspree due to risky business nature
While the presentation by the founders of the stock gaming platform impressed sharks, they declined to invest in the startup due to the risky nature of the company.
“In short, we are a platform for experiential learning jisse app good home hote ho aur trust karte ho build‘ replied Bavishi.
Sharks emphasized that their competitor StockGro is in a similar industry. This may hinder potential market share and growth in the future.
The startup said it generated a revenue of ₹18.5 lakh in recent months with a gross transaction value of ₹90 lakh. Monthly, the company has grown 100% because it was connected to colleges.
The company’s average revenue per paid user has risen to ₹322 from ₹21 previously, says Dhanawat on the reality show. Thapar declined to bid, saying Bullspree is not a unique differentiator compared to its competitors.
At the close, Aman Gupta, co-founder of boAt and Peyush Bansal, CEO of Lenskart jointly made an offer of ₹75 lakh for 2.86% equity at a valuation of ₹26.22 crore. The offer was accepted by the founders.
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