“Revolutionizing Sports Gear: Mawaz Taimia Seeks 75 Lacs Investment for Knock Sports on Shark Tank Pakistan’s Premiere”.
Mawaz Taimi, the founder of ‘Knock Sports’ from Lahore. He started his journey in 2008, he’s a professional cricketer and right after that he got an opportunity to play for Pakistan Army. Founder has been working in the industry since 2008 and for the last 4 years he has been in Sialkot to manufacture the bats. Then he started to run his own business. His startup stage is revenue generating. He asked Sharks for Rs.75 lacs for 25% equity to get stable to his business. He invested his own 2 million PKR in Knock Sports company till now.
The market size in all over the world is $600M and $65M in Pakistan. The product price range which the Knock Sports company are offering is 135k per as compared to the other brands cost 200-250k.
The product price range which the Knock Sports company are offering is 135k per as compared to the other brands cost 200-250k. He generated Rs.6 lacs revenue in 2022, Rs.20 lacs revenue in 2023 and Rs.45 lacs revenue in 2024. The 70% supply from all over world is from Pakistan and India. He wants to sell these on international level and to sponsor the players so they can also sell them internationally.
Founder of Knock Sports said that the net profit for each bat is 30% and if we do bulk buying then our margin will automatically rise to 40-45%. He said that it takes 3 days to make a customized bat.
The price breakup (selling in 135k and overall cost per making is 93k). The team of 3 people are working under his company. They also have sent bats to Australia, Netherland and Ireland showcasing their expansion into different markets. The profit margin is projected to increased significantly, suggesting a strong financial outlook. The brand emphasizes sustainability and long-term growth, even with potential price increases. The Sharks discussed the production capacity and quality control measures for their customized sports brand, particularly focusing on bat production.
The team explores the potential production level of bats. Question arises about the maximum capacity of bat production in the next six months. The owner of Knocks Sport estimate that they can produce 100 bats per day with the right work force. Concerns are raised about quality control with increased production and workforce. ‘The founder mentioned that there is no competitor in Pakistan’.
Sharks are impressed by his method of running a business in a particular way. Sharks who funded the startup (Romana, Rabeel, Usama Bashir). Funding received (75 lacs for 30% Equity and 10% for Royality). Funding breakdown (55% buying raw materials, 15% buying machines, 30% human resource and marketing), Deal is closed. ‘Sharks expresses gratitude for the offer and shows enthusiasm for moving forward’.
Knock Sports Website
Knock Sports Instagram
Knock Sports Facebook Page
Sumbal is shark tank enthusiast, ever since the show started airing, she has followed it. She likes writing and researching about startups. She is also helping a few startups scale.
