Skate Supply India, founded by Ravinder Singh and Jaspreet Kaur Walia, is India’s leading wholesale skateboard distributor, making quality skateboarding equipment.
The company holds exclusive rights to distribute 20 international skateboard brands across India, giving them a strong foothold in the growing action sports industry.
Their catalog isn’t just about skateboards—it spans: Extreme sports gear, Longboards and cruisers, Trucks, wheels, and accessories, Sporting goods and fashion.
Despite a relatively small market, Skate Supply India has shown impressive growth. Annual Sales Growth: FY23-24: ₹57 lakh. FY24-25 (Projected): ₹85 lakh.
The founders entered Shark Tank India seeking ₹50 lakh for 2% equity, valuing the company at ₹25 crore.
Sharks Were Hesitant to Invest due to: Market Size and Scalability, Competition from Major Brands, Dependence on Imports.
Initially, the sharks seemed interested in exploring a deal. But when they introduced a royalty clause, the founders weren’t willing to compromise.
Skate Supply India may not have secured a deal on Shark Tank India, but their determination and vision remain strong.