The concept of Horses Stable is to give young and aspiring entrepreneurs a platform to grow and expand their business. It is India’s first and only show where aspiring entrepreneurs pitch their business model to a panel of investors and persuade them to invest money in their business. The show not only helps the contestants make the pitch but also provides them with training to help them deliver the pitch to the investors. The investors here are referred to as horses who provide funds and directions to a potentially profitable business idea in return of a certain percentage of equity in the business.
Mr. Prashant Agarwal is the founder of Horses Stable. He did his bachelor’s from Christ University, Bangalore. After his graduation, he started his entrepreneurial journey with home furnishing products ‘Decor India’. With the zeal of exploring and learning further, he headed to Canada for post graduation in management studies. In due course, with the help of his family, and in the continuation of the previous venture, they started two more business entities to expand their business. Being a postgraduate and with rich experience in start-ups, eventually, Prashant decided to cut down the start-up funding process and create a meaningful platform for the entrepreneurs. And this is how Horses Stable was being conceived in the year 2018. His decision-making abilities and creative thinking make him a visionary and with his entrepreneurial experience, he is motivated to revolutionize Indian start-ups. We are publishing and interview with Mr. Prashant.
Q. What is the problem you are trying to solve? Can you share with us any insights that led you to believe that this is a big enough problem?
Ans: Horses Stable is trying to give startup a fair chance of raising funds for their business. In an ecosystem like ours, there are young minds with creative ideas but are unable to sustain their business because of the lack of funding. This is one of the main reasons why 90% of the startups fail within 5 years of their inception. The aim of Horses Stable is to provide that platform to the entrepreneurs. They can come and pitch their idea and business to the investors and if the idea is good, raise funds for their businesses.
Q. What is your USP?
Ans: At present Horses stable is the only platform in India that gives both the investors as well as the entrepreneurs the opportunity to be on the same platform. Investors get a chance to invest their money on the venture and x their investment whereas entrepreneurs get a chance to raise funding for their businesses. It’s a win –win situation for both parties. The thing that makes us different from our competitors is that for me it’s not just a business venture. I have knowledge and experience as how the startup businesses work, so through Horses Stable, we also prepare the young entrepreneurs to be more confident and help them in their pitches too. Horses Stable aims to empower startups in India.
Q. What were your assumptions when you entered the market, leanings that you have? Who in your mind is your ideal customer? Do you have at least one of them signed up?
Ans: If you are just going to plan and plan, your business will never take off. At a certain point you need to act faster before anyone takes the first step. When you share your idea with people, people are just going to copy. Yes we have got a turnover of Rs. 18.08 cr in the first quarter of business.
Q. Please tell us about the investors (if any)
Ans: Investors in Horses Stable – none, as it is bootstrapped and supported by founder itself. Investors on Horses Stable Web Series – Nalin Singh, Kevin Saboo, Sandeep Aggarwal, Rajesh Kumar and Sandeep Aggarwal.
Q. What has been your biggest failure as an entrepreneur and what did you learn from it??
Ans: People’s criticism to pull you down is the biggest challenge; it’s very difficult to overcome the same. You just need to focus and work towards what you have started with. In a competitive market where there is so much competition; it is very important for everybody to have faith and confidence in oneself and to never succumb to criticism and believe in your hard work and your journey.
Q. Is there any interesting success story? If yes, please write about it?
Ans: People getting deals on this platform is an interesting success story in itself. Because people who have a vision or a idea which they want to make true get an helping hand and can make that idea into a venture/ business. That’s what I find interesting and secondly I am humbled and happy with the way Horses Stable was able to generate 18.08 crore revenue in just five months, I am looking forward to achieving more milestone in my venture.
Q. What is the big picture of your startup? Is this Product leading to something bigger? If so, how?
Ans: The main aim of my start-up Horses Stable is to give the necessary platform and voice to the entrepreneurs so that they can be successful in their venture. In India there are many smart young entrepreneurs who have amazing business ideas but are not able to make it happen or fail because they don’t have money or invested to make their business grow. Also if more people take the path of entrepreneurship they can create more jobs as they will hire people in their business. I am hopeful this will be a step towards solving unemployment in India.
Q. Since inception, give us a sense of the value of business done by your venture? What is the current turnover?
Ans: In just five months we have sealed nine deals with entrepreneurs and investors and have earned 18.08 crore revenue. We consider this a great achievement for us.
Q. What is the insight that you have about this market, which no one else has? Uniqueness about your Startup.
Ans: The uniqueness of the platform is, you have all the resources in terms of funding available at any given point.
Q. List all the names of the core Team Members, along with their Designated Roles.
Ans: I believe in collaboration, honestly I do not have any team. It’s just me and the rest of the process is delivered by various partners. All the associates were and are passionate for something new starting from shoot crew to the post production team.
Q. Who do You Perceive as Your Competition? How do you differentiate yourself with them?
Ans: Great question, I build my own competition; Lions Lair. Horses Stable is as unique as it can get. We don’t consider anyone our competition. The aim is to do better and better and reach out to as many startups that we can and help them in raising funds.
Q. What would be your goal to accomplish in the next six months?
Ans: I have already started to plan for season 2, I guess it seems like I want to build a bigger platform.
Q. What message do you want to convey to fellow entrepreneurs?
Ans: Focus and believe in what you are doing and lose the fire inside you. Trust your idea and business and give it 100% and work hard towards achieving your goal because hard work always pays off and always remember in this world there is going to be someone who will have trust in your idea and business. So don’t give up.
Q. Any other information you would like to share?
Ans: Keep looking for my social media pages for further updates.
Thanks Prashant. Best wishes.