Biography of Ranjeet Deshmukh: Founder and CTO of RoadBounce- Entrepreneur
Journey of Ranjeet Deshmukh and RoadBounce
Ranjeet Deshmukh is the visionary founder of RoadBounce, a
pioneering company dedicated to solving one of the major issues on Indian
roads: potholes. With a background in technology and a passion for innovation,
Ranjeet has positioned RoadBounce as a leader in pothole detection and repair
solutions, catering to government agencies and municipalities.
Educational Background
Ranjeet’s educational journey is marked by excellence. He
studied at the prestigious Indian Institute of Management Ahmedabad, where he
honed his skills in management and entrepreneurship. Additionally, he holds a
PG Diploma in Advanced Computing from the Centre for Development of Advanced
Computing (C-DAC), which laid the foundation for his technical expertise.
The Genesis of RoadBounce
Founded in January 2016, RoadBounce emerged from Ranjeet’s
desire to improve road safety and infrastructure. The company specializes in
providing efficient solutions for pothole detection and repair, aiming to help
road maintenance companies and government bodies manage their resources more
effectively and enhance the safety of road users.
Biography of Ranjeet Deshmukh: Founder and CTO of RoadBounce- Entrepreneur/age/net worth/investor/pothole detection & repair/RoadBounce story
Technology-Driven Solutions
At the core of RoadBounce’s offerings is a technology-driven
approach. The company utilizes advanced software and innovative methods to
detect potholes quickly and accurately. By leveraging technology, RoadBounce
not only identifies potholes but also streamlines the repair process, making it
more efficient for municipalities tasked with maintaining road safety.
Journey as a Tech Entrepreneur
Before founding RoadBounce, Ranjeet held significant roles
in various tech companies, including as the Chief Technology Officer at Service
Wing Healthcare Inc. His extensive experience in product technology and
architecture equipped him with the skills necessary to build a successful
startup. Ranjeet's journey reflects a strong commitment to innovation in every
venture he undertakes.
Shark Tank India Experience
Ranjeet's participation in Shark Tank India provided a
significant platform for RoadBounce. The company sought ₹80 lakhs in exchange
for 10% equity, highlighting the potential for growth and the value of their
unique service. Although the initial ask was ambitious, the negotiation led to
an agreement of ₹80 lakhs for 20% equity, showcasing the confidence investors
had in the business.
Investment from Peyush Bansal
Peyush Bansal, a prominent investor and shark on the show,
saw the potential in RoadBounce and decided to invest. His backing is not only
a financial boost but also a strategic partnership that can help Ranjeet
navigate the challenges of scaling the business and reaching a broader market.
Addressing a Critical Issue
Potholes pose a significant threat to road safety, leading
to accidents and vehicle damage. RoadBounce addresses this critical issue by
providing timely detection and repair solutions. Their services are designed to
assist government agencies and road maintenance companies in prioritizing
repairs and managing budgets effectively, ultimately improving road conditions
for everyone.
Future Prospects
With the investment secured from Shark Tank, Ranjeet is
poised to scale RoadBounce further. The company aims to expand its reach across
India, offering its solutions to more municipalities and enhancing road safety
nationwide. Ranjeet's vision for RoadBounce includes continuous innovation and
improvement of their services.
Conclusion: A Vision for Safer Roads
Through RoadBounce, Ranjeet Deshmukh is not just addressing
a pressing infrastructure problem but also paving the way for safer roads in
India. With a blend of technology, entrepreneurship, and a commitment to
quality, RoadBounce is set to make a significant impact in the field of road
maintenance, ensuring that every journey is a safer one.
Timeline for the Journey of Ranjeet Deshmukh and RoadBounce
IIM Ahmedabad: Ranjeet completes his education in management
and entrepreneurship.
C-DAC: Obtains a PG Diploma in Advanced Computing, enhancing
his technical skills.
January 2016: Ranjeet founds RoadBounce to tackle pothole
detection and repair.
2016-2020: RoadBounce develops technology-driven solutions
for efficient pothole management.
2021: Ranjeet appears on Shark Tank India, seeking ₹80 lakhs
for 10% equity.
Shark Tank Negotiation: Secures ₹80 lakhs for 20% equity,
attracting interest from investors.
Investment from Peyush Bansal: Gains a strategic partner to
aid in scaling the business.
2022: RoadBounce begins expanding its services across India, focusing on municipal 2024: Continues to innovate and improve services, aiming to enhance road safety nationwide.
