“Bharat Badal Raha Hai”, Innovations from chai stalls to mental healthcare
1 year ago Rituka MMahantam, Mindpeers, and Barosi pitch their innovations to the Sharks. On one hand, Mahantam cracks an all-5-shark deal, and on the other Mindpeers, a 4-shark deal for their products!
Mahantam cracks an All-5-Shark Deal with their products!
Tea is India’s beloved drink. With tea stalls spanning the whole of India, vendors primarily opt for plastic cups or tea glasses. These are not environmentally safe or hygienic. To solve this pain point while also keeping the love of tea alive, Dhaval & Jayesh Nai started Mahantam. Mahantam, an early-stage startup brings us a tea glass washing machine. With a compact, simple design, the machine can wash up to 12-15 glasses in 30 seconds. Additionally, the founders dream to bring this washing machine to every tea stall across India to ensure hygienic tea service. Having sold 3 machines in Tamil Nadu, Karnataka, and Maharastra, the machine cleans 10L glasses for Rs. 9 worth of electricity. Mahantam machine can wash 250 glasses with 38 liters of water.
The founders of Mahantam seek an investment of 30L for 10% equity @ a 3 crore valuation. All the sharks jump in together for this offer. Getting an All-5-Shark Deal, Mahantam seals the deal with 30L for 20% equity @ a 1.5cr valuation.
Mindpeers Steers The Way To Better Mental Health
Mental health wellness which at one point was assumed as a taboo topic, today has evolved into a pressing issue. Since Covid, people have begun focusing on their mental health issues, anxiety, and insomnia, among others. However, there is still a factor of stigma in society when it comes to seeking treatment. To build widespread awareness in society and eliminate the stigma relating to mental health care, Kanika Agarwal & Sahil Chitkara started Mindpeers. It is an AI-powered platform that helps in building your mental health proactively and assesses your current status. Their proprietary algorithm helps in measuring aspects of your life and gives you a score as to the impact.
With in-house neuroscience games, and habit-building and changing tools, Mindpeers aims to engage its users to track their issues. Additionally, they also have a mind peers community or a support group where the users can vent out anonymously as well to psychologists. They have over 3.5L users and have been expanding to Singapore, the UK, and the US. Having previously raised Rs. 1.12 cr @ a 33.75cr valuation, they have 16.5L in monthly revenue. Following a subscription model, it costs Rs. 350 monthly and has 3500 customers so far.
Asking the tank for an investment of 53L for 1% equity @ a 53cr valuation, Peyush, Naman, Aman, and Vineeta offered a deal. Coming in together, Peyush offers 53L for 1% equity, and Sharks Namita, Aman & Vineeta offer 53L for a 1% equity split amongst the three of them. Sealing the deal, the founders of Mindpeers are on a journey to help people understand and assess their mental health.
Barosi brings 100% local, unadulterated products to market
Hustle gives a kick, but slowing down and breathing in nature is important. Recurring products like milk, ghee, butter, and others are an integral part of our lives. Finding unadulterated and healthy products in this cluttered market is quite difficult. Beginning in 2016, Durlabh Kumar Rawat started Barosi. Bringing you products right from the farms, Barosi produces 100% local & unadulterated products. Moreover, their range includes milk, ghee, butter, oil, pickles, and filter coffee, among others. Barosi is available on their website & e-commerce marketplaces. The founder has a dream to make Barosi, a local home-grown brand a household brand in India. With a total of 23 SKUs, Barosi has 4.7cr in sales for FY21-22. Their best-selling products include honey, milk, and ghee.
Seeking an investment of 50L for 2% equity @ a 25cr valuation, Barosi did not receive any investment.
