Introduction:
Shark Tank India welcomes the best business ideas and invests in flourishing people’s businesses. The newcomers grow their business and present their models before the India shark tank sharks who later invest for them. The entrepreneurs have to insist the investors like and invest in their products. Similarly, multiple Tech startups are also funded by Shark Tank. Tec Sutra Shark Tank has initiated a few startup plans to support Indian Tech and AI companies. The investment and promotion of such companies is a successful effort of Shark Tank India. Motivating entrepreneurs and investing in their tech-related business is the best idea to share profits.
Successful Tech Startups Funded by Shark Tank India:
Around 15% of the start-ups highlighted were technology enterprises, with 7% embracing emerging technologies such as artificial intelligence, machine learning, the Internet of Things, and robotics. Let’s take a look at some of the most successful start-ups featured on SharkTank that have technology at the heart of their offers. Here are a few successful Tech startups funded by Shark Tank India:
1: The Yarn Bazaar:
It is software introduced for learning purposes, and the startup fund was one crore for 10 per cent equity. Mumbai-based The Yarn Bazaar’s first goal is to bring order to the formerly unorganized textile sector. Since the beginning of 2019, they have generated more than Rs 230 crore in revenue. In addition to purchasing and selling yarn, the organization conducts interviews and podcasts with industry professionals, which helps provide value to the textile sector.
Company’s founder and CEO:
Preet Gadia, the company’s founder and CEO, represented the organization, and he wowed the sharks with his clear vision. Gadia was approached by Shark Tank India judges Peyush Bansal, Ashneer Grover, Anupam Mittal, and Aman Gupta, who offered him a deal for Rs 1 Crore.
2: Sunfox Technologies:
It is an ECG instrument at an affordable price for saving lives. The investment on it was 1 Crore Indian rupees. The “Sunfox Spandan” ECG gadget from Sunfox Technologies is an innovative and economically priced ECG equipment. This device can scan the heart in real-time and is small enough to fit in the palm of your hand. 1mg and Amazon both sell the device, which costs Rs. 7,000 and can be purchased online. A young man developed this invention.
Equity in Sunfox Technologies:
An Rs. 1 crore transaction for 6 percent equity in Sunfox Technologies was reached with five Shark Tank India Investors, namely Peyush Bansal, Ghazal Alagh, Vineet Singh, Anupam Mittal, and Namita Thapar, in exchange for a 6 per cent equity in the company. As a result of the transaction’s completion, one of the company’s founders expressed his thoughts, stating that the partnership with the business mavericks would benefit from their expertise.
3: Hammer Lifestyle:
It is an advanced audio tool with the best quality, and the startup fund was one crore Indian rupees. Shark Aman Gupta, the creator of BoAt, made a massive investment in the Hammer start-up, amounting to Rs 1 crore. Hammer, created by Rohit Nandwani, is a high-quality audio gadget manufacturer that produces fitness bands and electric toothbrushes. It has served more than 1.5 lakh consumers since its inception in 2019 and is now featured on the Flipkart marketplace.
Wearable accessories and audio gadgets:
Wearable accessories and audio gadgets are available at cheap costs, establishing them as a budget-friendly company. Aman made an initial offer to purchase the entire company, which surprised everyone, including the Judges of Shark Tank India Peeyush Bansal, Namita Thapar, Ashneer Grover, and Anupam Mittal, shocked by the offer. They later completed the transaction for Rs 1 crore in exchange for 40 percent equity.
4: Ice cream without added sugar:
Together with their mother, Jimmy Shah, Jash, and Pashmi Shah Agarwal founded Get-A-Whey, a healthy-ice-cream brand available nationwide. Compared to other ice creams available on the market, their ice creams are high in protein, include no added sugar, are low in fat, and contain fewer calories. It is currently available in the following cities: Mumbai, Pune, Bengaluru, Jaipur, Hyderabad, Surat, Chennai, and Delhi-National Capital Region.
Investment in exchange:
In exchange for an 8 percent ownership in their company, they wanted a Rs 1 crore investment to help them grow their business and expand. They were able to acquire a Rs 1 crore investment in exchange for a 15 percent stake in the company. The investors included Ashneer Grover, Aman Gupta, and Vineeta Singh.
5: Tinkerbell Labs:
It is also a self-learning application made for special visually impaired people. It was funded with 1.05 crore Indian rupees. As part of its mission to assist visually challenged persons in learning Braille independently, Tinker Bell Labs, a Bengaluru-based firm, develops Braille literacy gadgets. Through the use of gamified audio lectures provided through Braille-based hardware, Annie, the company’s flagship product, assists visually impaired students in the early stages of their educational journeys. A self-learning braille literacy device, Annie is the first of its kind in the world. As a full Braille self-learning gadget, it was created to make learning for visually impaired students more enjoyable, engaging, and intuitive. On Shark Tank India, the company received a deal of Rs. 1.05 crore at a 3 percent ownership stake from Namita Thapar, Anupam Mittal, and Peyush Bansal for Rs. 1.05 crore.
Conclusion:
Tec Sutra Shark Tank India is the Indian adaptation of Shark Tank’s popular American television show. Different entrepreneurs get the opportunity to pitch their startup ideas to a panel of five sharks, who will subsequently determine whether or not to invest in their company. Shark Tank India has quickly risen to become one of the most-watched reality television shows in the country. Entrepreneurs pitching their enterprises to a panel of investors to acquire investment are featured on the Indian version of America’s Shark Tank television show.
FAQs:
Who is the Shark Tank India contestant with the youngest age?
Introduce yourself to Anoushka Jolly, an eighth-grade student who became the youngest entrepreneur on the reality television show “Shark Tank India” to win a fundraising round for her business proposal. “Kavach,” a bullying prevention software developed by the youngster.
What is the total sum of money that Ashneer Grover has put in Shark Tank India?
Asher Grover invested INR 4 Crore in the Shark Tank India competition.
