Shark Tank India Funds Startup Bringing MSMEs to Metaverse

Cloudworx, an Indian AI startup that allows users to build 3D models without prior coding knowledge, received ₹40 lakh investment on Shark Tank India season 2. Their innovation has already been patented in 2019. The startup eliminates the need for coding knowledge to make 3D models work.

Gartner's survey showed that 75% of businesses want to adopt digital twins (3D models), but only 13% have implemented it. The other 62% plan to, but face challenges or lack the necessary skills, according to Cloudworx.

“Without going to your own factory, you can monitor which machine of your factory is utilising more energy. This is through a technology called heat mapping, i.e monitoring the temperature of the object. Even employees can be monitored through their body temperature stamps and the boss can know which area has the most amount of employees huddled together,” said Yuvraj Tomar, Cloudworx founder, who also featured in inaugural Forbes Asia 30 under 30 list in 2016.

There is no need for a web browser as any employee can scan a code and access the digital 3D model of the company store,” Tomar added.

On Shark Tank India, the founder claimed their app connects devices, network, software, people, and processes, imports 3D models for customization, and enables 3D workflows without coding. The company, founded in 2020, aims to make the metaverse accessible and user-friendly. It reported ₹1.5 crore in annual sales since 2020 but no profit. On why the company's sales were low, Cloudworx founder said, “Sales were low because we made the mistake of only concentrating on the India market initially where usage is still picking up. When we expanded to other countries, we started gaining clients. European clients are especially easily convertible,” Tomar claimed.