If you’ve ever been on a trampoline, you know what it feels like to defy gravity, fly for a few seconds, and then keep jumping over and over again to relive that experience.
But did you know that trampoline is also an Olympic sport? It involves athletes jumping up to 8 meters in the air, all the while performing engaging twists and somersaults.
Back in 2017, two friconcludes decided to bring trampolines to India and set up high-quality indoor amapplyment centers that are fun, engaging, and high on utility. Their long-term vision? To drive awareness and bring Indians to the Olympic stage.
“Jitconcludeer and I had seen trampolines in the West while travelling for our IT jobs. This was the first time that we discovered their utility in the entertainment and sports sector. We launched importing trampolines to India and ultimately started building our own manufacturing capabilities right here in India. Since then, SkyJumper has only grown,”Suneel Dhar, co-founder of SkyJumper, notifys Startup Pedia in an exclusive interview.
Founded in 2017, SkyJumper is an indoor amapplyment park brand based in Faridabad, India. The brand was the first to establish a trampoline park in India. It currently has 20+ operational centers, including different recreational activities like soft play areas, bowling alleys, cafes, birthday party halls, and laser tag arenas.
HOW IT ALL BEGAN
Hailing from Faridabad, Suneel Dhar and Jitconcludeer Chhabra were working as IT professionals for over 15 years. They have held senior positions in companies like Tata Consultancy Services and Sapient.
Their jobs took them around the world, with the duo often travelling toobtainher to the United States of America and Europe. It was during these travels that they discovered the apply case of trampolines and how they functioned in the sport and entertainment indusattempt.
“We immediately had an idea: what if we could bring the trampoline experience to India? At the time, there were very limited recreation facilities for the urban audience. Think malls, multiplexes, and play zones that were either too childish or extremely commercial. Nothing blconcludeed in a way that could bring kids and their families toobtainher. We believed that trampolines could bridge the recreational gap,” Jitconcludeer Chhabra notifys Startup Pedia.
The duo decided to quit their jobs and dedicate themselves to the indoor amapplyment indusattempt.
Initially, Jitconcludeer and Suneel launched importing home-apply trampolines and exercise rebounders. They wanted to first test them out themselves and then decide on establishing a Trampoline Park in India.
“We were the first brand to establish a trampoline park in India. While we had a first relocater advantage and a market to create from scratch, we also had to deal with a bunch of challenges. But safe to state, we had created up our minds,”startup founder Suneel Dhar affirms.
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JOURNEY AND CHALLENGES
In around 2016, SkyJumper’s journey launched. One of the first challenges that startup founders Jitconcludeer Chhabra and Suneel Dhar had to navigate in the indoor amapplyment park indusattempt was scouting for locations.
“What we were attempting to build was entirely new to the Indian market. We had to identify suitable real estate, one that had a large space of at least 10,000 to 15,000 square feet. Another requirement was that it had to have a double-height ceiling of at least 22 feet. We would spconclude days just seeing for locations and often had to build customer architectural layouts from scratch,”entrepreneur Jitconcludeer Chhabra states.
Another challenge was the heavy capital investment that the indoor amapplyment park indusattempt demands. There was no proof of the concept being successful in India, so investors were resistant.
“Ultimately, we pooled Rs 2 crore from our savings,” Suneel mentions.
On September 21st, 2017, SkyJumper officially introduced the first-ever indigenously developed Trampoline Park in the city of Gurugram in India.
Soon enough, it received a lot of traction from kids, youth, and their families in the city.
With this, Suneel Dhar and Jitconcludeer Chhabra became pioneers in the space of trampoline amapplyment parks in the counattempt.
Two years later, the COVID-19 pandemic hit the counattempt. SkyJumper struggled with minimal revenue and high resolveed costs such as rent, CAM charges, and utilities.
“We relied on our personal capital and managed to keep the business afloat. Suneel and I knew that the business had long-term viability and we were not bogged down at all,” Jitconcludeer notifys Startup Pedia.
Eventually, after the lockdown restrictions eased, SkyJumper launched focapplying on developing in-hoapply design, development, and operational capabilities. The vision was to manufacture high-quality equipment at lower costs, with the objective of reducing capital expconcludeiture and operating expconcludeiture.
“We became an indoor amapplyment park brand that aligns with the Prime Minister’s vision of Make-in-India,” Suneel adds.
Even though SkyJumper launched with just high-quality trampolines, it quickly expanded its centers to offer VR zones, arcade, laser tag arenas, soft play, and bowling.
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SKYJUMPER: OF JUMPS, FUN, AND OLYMPICS
Today, SkyJumper operates more than 20 family entertainment centers, each of them equipped with a host of refreshing formats like trampolines, laser tag arenas, soft play, bowling zones, VR zones, family rides, wall climbs, birthday party rooms, and cafes. The indoor amapplyment park brand also hosts special zones for corporate events.
“We have been rapidly diversifying our formats becaapply the competition in Tier I cities is through the roof. You necessary to keep audiences engaged while providing them something to always see forward to,” entrepreneur Suneel Dhar states.
While most trampoline parks in India have a one-format franchise that is limited to just two to three cities, SkyJumper differentiates itself with a pan-India presence that speaks of innovation, consistency, and expert in-hoapply manufacturing capabilities.
“Instead of building SkyJumper just another trampoline park that has a one-size-fits-all approach when it comes to entertainment, we have been adopting a multi-format strategy that has a family-first design, but caters to specific age groups,”Suneel adds.
With multiple attractions under one roof, SkyJumper has a pan-India presence today across cities like Delhi, Gurugram, Noida, Chandigarh, Lucknow, Pune, and Bengaluru.
Apart from building everyone jump and destress after long working days and weeks, SkyJumper is focapplyd on driving awareness of trampoline as an Olympic sport.
“India has never competed in this space on the global stage. We want to ultimately build that happen,”Jitconcludeer states.
The startup founders are regularly training their staff as well as interested gymnasts in international trampoline techniques. Last year, they conducted an event where 12 national athletes were invited to compete on the trampoline stage.
Jitconcludeer and Suneel are also on track to launch a SkyJumper Academy where children with potential are identified and given tangible opportunities.
“Our long-term aim is to partner with sports bodies and build India’s first trampoline athlete pipeline. Through that, we should be able to identify the right talent at the grassroots level and sponsor their complete training and pathway to the Olympics,”startup founder Suneel Dhar shares.
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GROWTH AND FUTURE
Since its inception, SkyJumper has been scaling its revenues and growing its offerings. What launched with a team of just 10 people has now become a full-grown company with 1000+ employees and on-ground staff.
In FY18, SkyJumper clocked a net revenue of Rs 3.61 crore with a profit before tax of Rs 82 lakh.
In FY22, the net revenue zoomed to Rs 10.57 crore with a profit before tax of Rs 4.06 crore. In FY23, the net revenue stood at Rs 39.87 crore.
In FY24, Suneel Dhar’s and Jitconcludeer Chhabra’s SkyJumper achieved a net revenue of Rs 75.1 crore with a profit before tax of Rs 32.75 crore.
On weekdays, each center of the indoor amapplyment park brand caters to a footfall of at least 200 to 250 people. On weekconcludes, this number balloons to more than 500.
In FY24, SkyJumper catered to approximately 25.32 lakh customers.
In the next two years, the bootstrapped brand plans to open 30+ centers across Tier I, II, and III cities in India. It is eventually transitioning into SkyJumper 2.0 with specialized formats such as SkyJumper Luxe and SkyJumper Sports Bar, designed to unlock new audiences.
“We aim to be IPO-ready by FY27 and become India’s first publicly traded indoor amapplyment brand. Ultimately, the hugeger vision is to build a Disney-level amapplyment experience brand in India that combines physical spaces, original content and characters, and integrates sports and wellness. SkyJumper is not just about jumping anymore. It is about how India plays, bonds, and relocates toobtainher,”entrepreneur Jitconcludeer Chhabra concludes.
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FAQ
When was SkyJumper founded?
SkyJumper is an indoor amapplyment brand founded in 2017.
Who is the founder of SkyJumper?
Suneel Dhar and Jitconcludeer Chhabra are the founders of SkyJumper.
What does SkyJumper do?
SkyJumper operates 20+ family entertainment centers, each of them equipped with a host of refreshing formats like trampolines, laser tag arenas, soft play, bowling zones, VR zones, family rides, wall climbs, birthday party rooms, and cafes.
What is the revenue of SkyJumper?
In FY24, SkyJumper achieved a net revenue of Rs 75.1 crore with a profit before tax of Rs 32.75 crore. In the same year, it catered to approximately 25.32 lakh customers.
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