BollyX Shark Tank Update | What happened to BollyX after the Shark Tank Pitch?

What is BollyX?

BollyX is a fitness program that combines the fun and energy of Bollywood dance with a calorie-burning workout. Classes are 50 minutes long and include a mix of high and low-intensity moves that are safe and effective.

The program aims to promote positive thinking, self-love and overall health through the connection of mind and body achieved through dancing.

Classes are available in over 100 locations globally and you can also access BollyX on Demand, which includes a variety of routines for different fitness levels, starting at $9/month.

Who is the Founder of BollyX?

Shahil Patel and Minal Mehta co-founded BollyX, a group workout program that combines Bollywood-style dance with fitness.

Both Patel and Mehta serve as CEO and president, respectively, and are also certified fitness teachers and trainers with the company.

The two met while members of a Bollywood dance team at UC Berkeley, and later founded the company in 2013 after meeting Fen Tung, a veteran of the fitness industry.

BollyX has since expanded to over 30 states and was recognized as the “Most Innovative” new business by Harvard Business School in 2015.

In addition to in-person classes, on-demand sessions are also available online. Patel is now focusing on training more teachers to expand the business internationally.

What happened to BollyX at the Shark Tank Pitch?

Shahil Patel, along with a group of dancers, appeared on Shark Tank season 10 episode 8 to pitch his company, BollyX.

He was seeking $375,000 in exchange for 8% equity, which would value the company at $4.6 million.

Shahil discussed his background in dancing and how he became involved with America’s Got Talent.

He explained that BollyX offers online dance instruction through certified and licensed teachers, and has 1,100 teachers and $20,000 in monthly revenue.

However, the company also has a history of losses, with Mark pointing out that the platform primarily consisted of YouTube videos.

Ultimately, none of the Sharks were interested in investing, with some questioning the high valuation and others not fully understanding the strategy behind the company

BollyX after the Shark Tank Pitch

The company expanded despite not having any transactions. The global Covid-19 pandemic in 2020 made things difficult for the company and they had to switch to virtual classes to prove Shahil’s methodology.

The company is still in operation in 2021 and has an annual revenue of $5 million.

BollyX Net Worth

Shahil Patel was asking $375,000 for 8% of his company. This equates to a $4,687,500 valuation.

BollyX Competitors

BollyX faces competition from other workout programs that includes;

Doonya, Waves Gym, Positive Motion and Dance Austin Studio.

BollyX FAQS

What is BollyX? 

BollyX is a dancing exercise program inspired by Bollywood. The 50-minute workout consists of high and low-intensity dancing manoeuvres that are both safe and effective at burning calories.

Who is the Founder of BollyX? 

Shahil Patel and Minal Mehta are the founders of BollyX.

How much were they seeking in the Sharks?

Shahil Patel was asking $375,000 for 8% of his company. This equates to a $4,687,500 valuation.

Did they get the deal from the Sharks?

The founder did not find an investment in the tank.

Is BollyX still in business?

The company is still in operation in 2021, with an annual revenue of $5 million.

How much is the subscription?

The subscription is $9 per month

When was BollyX on Shark Tank?

In Shark Tank episode 1005, Shahil Patel introduces BollyX, his Bollywood-inspired dance-fitness program, to the stage.

Patel and a Bollywood dancing company made it to the finals of America’s Got Talent in 2009.

Where is BollyX based?

BOLLYX, a dancing training program founded in Boston, is expanding throughout the country.

Is BollyX a good workout?

BollyX is a terrific method to get a great exercise while also having a lot of fun. The class is an entertaining option for their typical dull treadmill and weights regimen because of the careful blend of dances and strength exercises.

The teachers are wonderful, the atmosphere is non-judgmental, and the exercise is fantastic.

Is BollyX successful?

BollyX got off to a fast start after its initial debut in the United States in 2013. It was able to put together a growing staff of members and trainers.

Every year, BollyX generated significant revenue while maintaining a high profit margin. However, the firm suffered a setback in 2018 when it lost over $600,000 in technology investments.

Does BollyX have an app?

BollyX on Demand is optimized for use on mobile devices. No “app” purchase is required! They can quickly add one-touch access to BollyX on Demand to an iPhone, iPad, or Android device.

Is BollyX a HIIT?

BollyX is a dancing fitness program that uses high-intensity interval training (HIIT) concepts to give participants with health advantages.

Does BollyX reduce weight?

BollyX is a Bollywood-inspired high-intensity workout class. Participants may expect to burn up to 800 calories in a single session if they attend the 45- to 50-minute lessons.

What is the net worth of Shahil Patel?

Shahil Patel’s net worth is unavailable.