Founded by Prince Thomas, Ranjit Behera, Ajit Sunny, MetaShot allows users to play cricket matches using a specially designed sensor bat that connects to a mobile or TV
Unlike traditional mobile games, MetaShot provides an immersive experience, letting users physically hit shots and feel the action in real time
The bat is embedded with smart sensors that track every movement and shot, then transmits this data to the MetaShot app, converts it into visuals on a screen
MetaShot’s revenue comes from two main sources: Hardware Sales –MetaShot bat is priced at ₹5500, In-App Purchases –virtual bat skins, stadium grounds, etc
Currently, MetaShot generates ₹80 lakh to ₹1 crore in revenue per month, bringing its annual revenue run rate (ARR) to ₹12 crore
The startup aims to reach 50 lakh families in the next five years, targeting a ₹250 crore revenue milestone
Entering the Shark Tank, the MetaShot team sought ₹80 lakh for 1.5% equity. The pitch intrigued the sharks, but some decided to opt out early
After intense negotiations, Sharks Vinita and Anupam closed the deal at ₹1.6 crore for 5% equity, a major win for MetaShot
Company plans to introduce new sports-based games are already in motion. It will also work on refining its in-app experience