Jarsh Safety, a Hyderabad-based company, has quickly become a standout player in the industrial safety sector with its IoT-enabled safety equipment. Founded in 2017 by Kausthub Kaundinya Y, Sreekanth Kommula, and Anand Kumar, the company focuses on creating smart, connected safety solutions that help prevent accidents in industrial workspaces. Their products provide real-time insights and predictive measures to ensure worker safety in high-risk environments.
The founders pitched Jarsh Safety on Shark Tank India, seeking ₹50 Lakhs for 1% equity, valuing the company at ₹50 Crores. Their flagship product, a smart helmet, accounts for 75% of their revenue and is already used by major clients like Vedanta Group, MRF, Asian Paints, and various police departments. This product not only offers protection but also collects data to improve safety standards in real-time.
The Shark Tank India panel was immediately intrigued by the innovative nature of their business. Namita Thapar was the first to make an offer, proposing ₹50 Lakhs for 2% equity, with a 1% royalty until her investment was recovered. Ritesh Agarwal then entered the bidding with an offer of ₹1 Crore for 3% equity, which prompted Namita to revise her offer to ₹50 Lakhs for 1.5% equity.
Aman Gupta joined the competition, initially offering ₹50 Lakhs for 2% equity, before adjusting to 1.5% equity. Peyush Bansal also offered ₹1 Crore for 3% equity, matching Ritesh’s offer. After some negotiation, Aman Gupta made the final move, reducing his equity offer to 1.5% for ₹1 Crore, which helped him win the deal.
With Jarsh Safety’s innovative approach and Aman Gupta’s investment, the company plans to expand its product offerings, target more corporate clients, and pursue government contracts to strengthen its position in the rapidly growing industrial safety market. The company’s success is not only about financial growth but also about raising awareness of the benefits of smart safety equipment.
As Jarsh Safety continues to innovate, it is poised to make a significant impact on India’s industrial safety landscape, reducing workplace hazards and improving worker safety with the help of cutting-edge technology. With $1.01 million raised across three funding rounds and this key partnership with Aman Gupta, Jarsh Safety is well-positioned to lead the future of industrial safety.
