Hornback
Folding electric bicycles
Hyderabad startup (Hornback eMobility) making a foldable e-bicycle with a patented folding mechanism, a 250W motor and about 45 km range.
FoundersRajkumar Kewat
Pitch & term sheet
Shark Tank India Season 2 · Episode 37 · Pitch #116
PitchedFoldable electric bicycle
Hornback pitched a folding e-bike priced around Rs 45,000. Amit Jain first offered part equity, part interest-free debt, then raised his offer to all equity, which the founders accepted.
Founders' ask
₹50 L
for 1% equity
Deal accepted on air
₹50 L
₹50 L for 2.5%
Implied valuation
₹20 Cr
Deal terms (ask implied ₹50 Cr)
Implied valuation is calculated by PitchBase Global as cash ÷ equity share and excludes debt. An offer accepted on television is subject to due diligence and may change or not close.
Sharks on the panel
Documented offers
After the show
We have not found a reliable published report on whether this investment closed after filming.
Company timeline
2022
Company founded
Feb 2023
Pitched on Shark Tank India Season 2, episode 37
Founders & leadership
Rajkumar Kewat
Co-founder
Sources
- 1.From Foldable E-bicycles To Premium Non-Alcoholic Beverages!
Start-Up Hyderabad · Published 22 Feb 2023 · Accessed 21 Oct 2026Recap blog / aggregator
- 2.Hornback Shark Tank India pitch
Shark Tank House · Published 20 Feb 2023 · Accessed 21 Oct 2026Recap blog / aggregator
- 3.Shark Tank India season 2
Wikipedia · Accessed 21 Oct 2026Encyclopedia (lead only)
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Corrections with a source link are reviewed and applied to the dataset.