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Nitin Khanna and Anurag Singal
Delhi-based experiential travel brand Capture A Trip (CAT) has secured an investment of Rs 75 lakh from Shark Tank India judges at a valuation of Rs 15 crore.
The startup will use the funding to expand its international routes while deepening its presence in offbeat Indian destinations.
Capture A Trip is an experiential travel brand curating community-led journeys across India and international destinations. The startup focuses on first-time travelers, safety and immersive experiences.
In an episode of Shark Tank India Season 5, aired yesterday, Nitin Khanna (Founder & CBO) and Anurag Singal (Co-founder & CBO) presented CAT’s business model and sought an investment of Rs 75 lakhs for a 5% equity stake.
The Sharks, impressed by the innovative model and Nitin's and Anurag’s entrepreneurial spirit, engaged in a bidding war.
The final deal was struck at Rs 75 lakhs for 5% equity, valuing the company at Rs 15 crores. The deal was clinched with two Sharks: Kunal Bahl, Founder of Titan Capital & former CEO of Snapdeal and Mohit Yadav, co-founder & CEO of co-brand, Minimalist.
Each Shark initially offered varying amounts, but they eventually joined forces to make the collective offer that Nitin and Anurag accepted.
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