Technology & Electronics

Model Verse

SEASON 3 : Episode 31

BRAND

Model Verse

COMPANY NAME

Model Verse

FOUNDERS

Srijan Mehrotra

ORIGNAL ASK

25 lakhs for 10% equity at the valuation of Rs. 2.5 crores

DEAL

25 lakhs for 10% equity at the valuation of Rs. 2.5 crores

Model Verse presents an efficient process for acquiring top-tier photoshoot images tailored precisely to your needs. Starting with the selection of your preferred style, whether traditional, formal, or creatively modern, they cater to diverse aesthetic preferences. Through their AI-photographer, Model Verse provides clients with an array of options to choose from, ensuring satisfaction with the final product. Once the style is chosen, clients are prompted to upload their garment images onto the platform. Optimal images include bright lighting, plain backgrounds, and a natural smile on the model’s face, enhancing the quality of the final results. Additionally, if clients possess an existing catalogue, they can seamlessly upload it to the platform, streamlining the process further.

Model Verse’s AI-photographer takes the reins from there, utilizing state-of-the-art algorithms to orchestrate the photoshoot. With a commitment to quality, the AI photographer optimizes over 50 images per garment, featuring different models. The resulting images boast stunning 4K resolution, impeccable lighting, focus, and colour, ensuring a professional finish that exceeds expectations. After the photoshoot, clients have the opportunity to browse through the images and select their favourites. These chosen images can then be downloaded in high resolution, ready for use across various platforms, including e-commerce websites, marketplaces, and marketing materials.

Moreover, Model Verse offers a wide range of locations and studio backdrops to choose from, further enhancing the versatility of their services. Notably, their approach significantly reduces costs, making model catalogue photoshoots 50 times more affordable than traditional physical shoots. This affordability democratizes access to high-quality professional images, making them accessible to businesses of all sizes.

modelverse.in

Founders & their story

  • Srijan Mehrotra

Producing high-quality images of products is both expensive and time-consuming. With Model Verse, an advanced AI platform, garments can be displayed on AI-generated models that resemble humans, capable of simulating any hairstyle, skin tone, ethnicity, and colour. They generated a dataset with over 1 million records in 18 months, training their AI model on a dataset of 500,000 to 800,000 images. Their operations commenced in March 2023, and they rely on a shared GPU priced at ₹50,000 per month, necessary for image production. Currently, they have ₹50,000 in the bank.

About the company

Model Verse offers AI-powered model photoshoots that redefine the standards of excellence. With an exclusive focus on AI technology, each session guarantees high-definition quality images capturing over 30 unique locations and models. With a diverse array of locations and skin tones, clients can rest assured that their vision will be brought to life in the most authentic manner possible.

Opting for an AI Photoshoot with Model Verse presents an unparalleled advantage. Their AI-generated images are indistinguishable from real photographs, eliminating the need for physical shoots. This innovative approach allows for versatility – offering different locations, models, and garments, all available anytime, anywhere. With an impressive track record of 11,112 AI models already generated, Model Verse has garnered satisfaction from over 66 clients. Their commitment to excellence and cutting-edge technology ensures a seamless and remarkable experience for all their customers.

Revenue

The price per image is Rs 35, and their lifetime sales amount to Rs 2.4 lakhs. They project their sales for FY 24-25 to reach 13 crores.

Founders’ Ask 

25 lakhs for 10% equity at the valuation of Rs. 2.5 crores.

Offers

Amit’s offer: 25 lakhs for 10% equity at the valuation of Rs. 2.5 crores.

Anupam and Ritesh’s offer: 25 lakhs for 10% equity at the valuation of Rs. 2.5 crores.

Amit, Anupam and Ritesh’s offer: 25 lakhs for 10% equity at the valuation of Rs. 2.5 crores.

Founders’ Counteroffer

50 lakhs for 5% equity at the valuation of Rs. 10 crores and 1% royalty.

Final Deal

Amit, Anupam and Ritesh: 25 lakhs for 10% equity at the valuation of Rs. 2.5 crores.

 

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