Sharks Tales Week 8 | An eye for improvement wins the pot!
The Sharks are betting on entrepreneurs not just based on their business models, but also the motivations that drive their product. This week, we saw entrepreneurs say No to the status quo and build brands that create new solutions for old problems.
Key takeaways from this week's episodes:
- Mental health is the next IT industry: This week, we saw multiple tech-enabled solutions to improve statistical outcomes about Indians and the declining state of our mental health. What was the Sharks' response to this wave?
- Once again, Indian specialities are a founder favourite: Multiple pitches this week were about products trying to re-popularise indigenous ingredients from the Indian peninsula for their unknown capabilities for health, taste, experience, etc.
- Entrepreneurs hate compromise: Be it the cheese you find in the street food or school books as you know them, founders want better. Many pitches this week like Cremeitalia and Holokitaab sold new alternatives to enhance the outcomes we get from current products. Did it work on the Sharks?
What shocked us was this rumour on Twitter which is yet to be confirmed:
Episode 36
Brand 1
Neuphony
Founders:
- Bhavya Madan
- Riya Rustagi
Ye inki expertise hai:
- Neuphony can be worn on the head & can track stress, attention, focus and mood.
The problem it solves:
- They want to revolutionize the mental health industry through Neuphony. It is made of polycarbonate and ABS plastic. There are silicon-based brushes, that are EEG sensors used to capture the rhythm in the brand. The electronics inside it can be connected to the user’s device where all data is sent.
Ask:
1 crore for 2% equity
Deal or no deal?
Peyush & Aman came together to invest 1 crore for 5.4% equity.
Brand 2
Amrutam
Founders:
- Agnim Gupta
- Ashok Gupta
- Stuti Gupta
Ye inki expertise hai:
- Ayurvedic lifestyle brand focussing on personal care & healthcare products
The problem it solves:
- Their products are certified by PETA, the US FDA and the ministry of Ayush. Apart from this one can connect to doctors through them and around 1 lakh people have connected with Amrutam.
Ask:
50 lakhs for 2% equity
Deal or no deal?
No deal
Brand 3
Holokitaab
Founders:
- Dipanshu Bajaj
- Nikhil Miglani
Ye inki expertise hai:
- Augmented reality-based product to bring school books to life
The problem it solves:
- Improving learning outcomes for young school kids through 3D image based content
Ask:
45 lakhs for 10% equity
Deal or no deal?
Namita invested 45 lakhs in the brand against 25% equity
Episode 37
Brand 1
Zoe Nutrition
Founders:
- Karan Jindal
- Taniya Dhirasaria
Ye inki expertise hai:
- Zoe nutrition is a health and wellness brand that makes products and programs. They offer healthy food and beverages, personalized diet and workout plans & live classes with fitness experts, doctors and nutritionists.
The problem it solves:
- They naturally cure lifestyle disorders like obesity, sleep disorders, infertility and PCOS through their products. All their products and programs are curated under the guidance of top fitness experts.
Ask:
75 lakhs for 5% equity
Deal or no deal?
No deal
Brand 2
Hornbook
Founders:
- Rajkumar Rawat
- Nishit Parikh
Ye inki expertise hai:
- Hornback is an automobile startup company which manufactures the world’s first full-sized, diamond-frame electric folding bicycle.
The problem it solves:
- With a patented mechanism, one can fold this bicycle easily without lifting it. One can carry it in the metro, office and even in the boot of the car. This bicycle ensures strength and a comfortable ride every time.
Ask:
50 lakhs for 1% equity
Deal or no deal?
Amit invested 50 lakhs in the brand for 2.5% equity
Brand 3
Malaki
Founders:
- Mohit Bhatia
- Ashish Bhatia
Ye inki expertise hai:
- Beverages with local ingredients and natural edibles
The problem it solves:
- Brand manufactures tonics, ginger ale, sparkling water, coffee tonics etc. made with the founder's family's secret recipe that's ~60 yrs old.
Ask:
50 lakhs for 1% equity
Deal or no deal?
Peyush and Aman went on to offer the brand 50 lakhs for 3% which was accepted.
Brand 4
Nano Clean
Founders:
- Prateek Sharma
Ye inki expertise hai:
- Nano clean makes filters with nanotechnology which can trap the smallest air particulates.
The problem it solves:
- The company has a patent granted and the product is biodegradable. The product is Naso 95, the world’s smallest wearable air purifier. The material is a biocompatible polymer. This purifier can be attached directly to your nostrils like a patch and it can filter bacteria, viruses, pollen and air pollutants.
Ask:
80 lakhs for 2% equity
Deal or no deal?
No deal
Episode 38
Brand 1
Desmondji
Founders:
- Conrad Braganza
- Desmond Nazareth
Ye inki expertise hai:
- Desmondji is India’s first craft distilling company that makes the best quality alcoholic beverages such as Agave spirits & Madhuca spirit.
The problem it solves:
- This is the only spirit in the world made from the Agave plant and sweet flowers respectively. Their vision is to make an international alcoholic brand with Indian raw materials and spread it in the world.
Ask:
1 crore for 1% equity
Deal or no deal?
No deal
Brand 2
Cremeitalia
Founders:
- Rajesh Dhote
Ye inki expertise hai:
- Cremeitalia is a brand which makes fresh cheese from fresh milk which is natural and tasty.
The problem it solves:
- We consume cheese with vada pav, sandwich, pasta, pizza etc but the cheese which is being used is full of added flavours and colouring. Cremeitalia is trying to eliminate this through its product.
Ask:
90 lakhs for 1.5% equity
Deal or no deal?
No deal
Brand 3
Nawgati
Founders:
- Aryan Sisodia
- Vaibhav Kaushik
- Aalaap Nair
Ye inki expertise hai:
- The brand pitched 2 products: Nawgati fueling app and the Aaveg dashboard. Nawgati gives information to the customer about the nearest fuel station. Aaveg is a subscription-based dashboard which provides the real-time traffic and activities of attendees.
The problem it solves:
- Enhancing and simplifying consumers' refuelling experience
Ask:
67 lakhs for 2% equity
Deal or no deal?
Aman & Amit come together to invest 67 lakhs for 3% equity
Brand 4
Swyched
Founders:
- Sameer Arif
Ye inki expertise hai:
- Switched is an all-inclusive electrical vehicle subscription business. Services provided by them in one month payment are vehicle, insurance, servicing, breakdown support & free charging.
The problem it solves:
- EVs available on lease model to improve adoption rate among young users
Ask:
50 lakhs for 3% equity
Deal or no deal?
No deal
Episode 39
Brand 1
Gladful
Founders:
- Manu Sharma
- Parul Sharma
Ye inki expertise hai:
- Gladful is a power-packed family protein brand which makes protein cookies, protein breakfast mixes, dessert bites and more.
The problem it solves:
- In our country, the maximum number of people starting from kids to adults suffer from a deficiency of protein. So the company brings them several products which can meet this deficiency.
Ask:
50 lakhs for 2% equity
Deal or no deal?
Amit, Aman and Namita offered the brand 50 lakhs for 3% equity
Brand 2
Pharmallama
Founders:
- Arjun Raghunandan
- Dipesh Rajpal
Ye inki expertise hai:
- Smart medicine box brand
The problem it solves:
- Around 40% of old people are dependent on their criticality for taking their medicines on the correct amount at the correct time. Pharmallama has found a unique solution for this problem. They use proprietary technology, machines understand the prescription and are divided into small packets. Every sachet contains information of name, date, doze, time.
Ask:
1 crore for 1.5% equity
Deal or no deal?
All sharks matched their ask for 5% equity
Brand 3
Crave Raja
Founders:
- Suvobrata Ganguly
- Soupal Das
Ye inki expertise hai:
- Cloud kitchen brand based out of Kolkata
The problem it solves:
- Wastage of food is also a big concern at the end of the day for being available with a wide variety of dishes. Crave Raja Foods was founded to decrease wastage and your meal-wise cravings.
Ask:
65 lakhs for 3% equity
Deal or no deal?
No deal
Brand 4
Va Perfumes
Founders:
- Amit Hotchandani
Ye inki expertise hai:
- Night agarbattis manufacturing
The problem it solves:
- Improving ambient experience through smell
Ask:
1 crore for 10% equity
Deal or no deal?
No deal
Episode 40
Brand 1
Hood
Founders:
- Abhishek Asthana
- Jasveer Singh
- Deepak Kumar
Ye inki expertise hai:
- A pseudonymous social network
The problem it solves:
- The most popular feature of their app is the anonymous group. Users can come here to make college groups, company groups or any other such group. The data in this app is end-to-end encrypted. People can share anything on this app and value-driven information can be gathered from it.
Ask:
1.2 crore for 0.2% equity
Deal or no deal?
Peyush & Aman committed 60 lakhs in equity for 0.54% and 60 lakhs in debt on 12% interest
Brand 2
Twisting Scoops
Founders:
- Kunwarpreet Singh
- Manmeet Singh Batra
Ye inki expertise hai:
- Asia's largest Turkish ice cream chain
The problem it solves:
- Their ice cream is made up of 100% goat milk & has zero chemicals with all Turkish ingredients. They have hired professionals from Turkey.
Ask:
1 crore for 2.5% equity
Deal or no deal?
No deal
Brand 3
GrowIT
Founders:
- Saurabh Agarwal
Ye inki expertise hai:
- Protective farming products
The problem it solves:
- Digitising the agricultural sector to boost the primary economy
Ask:
1 crore for 1% equity
Deal or no deal?
The brand went home with 50 lakhs for 1% equity and 50 lakhs in debt at 10% interest
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