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Shark Tank India’s Top 5 Social Impact Ventures

Discover the top 5 social impact ventures from Shark Tank India. Investigate how these inventive businesses address basic issues like feminine cleanliness, feasible living, rural development, rousing positive change across India. Figure out how Shark Tank India enables social business visionaries and drives supportable turn of events.

Edited By : Entertainment Desk | Updated: May 15, 2024 13:09 IST
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1. Peeschute

Peeschute has arisen as a distinct advantage in resolving a typical yet frequently ignored issue looked by numerous voyagers and people with explicit ailments. Established by Siddhant Tawarawala in 2018, Peeschute offers a basic yet cunning arrangement — a urine disposal bag that automatically neutralises stored urine, giving comfort and true serenity to clients.

In a convincing pitch on Shark Tank India, Siddhant looked for Rs 75 lakhs for a 4% value stake in his organisation. Aman Gupta perceived the capability of Peeschute and consented to contribute Rs 75 lakhs for a 6% offer, stressing the requirement for proficient promotion to scale the business.

Peeschute’s creative item takes care of a great many clients, incorporating people with lower-body wounds, joint inflammation, pregnant ladies, and voyagers. With a straightforward four-step process—open, place, fold, and dispose—Peeschute ensures hassle-free urine disposal, transforming the travel experience for thousands of individuals across India. As Peeschute continues to expand its reach and impact, it epitomises innovation meeting real-world challenges head-on.

2. Altor

Altor Smart Helmet, a pioneering automotive startup founded by Shamik Guha, Sayan Tapadar, Muhammad Bilal Shakil, and Anirban Datta Gupta in Bangalore in 2018, has revolutionised the two-wheeler market with its cutting-edge technology. As India’s first smart helmet, Altor offers a range of elements including network, contact signals, sound route, Google Collaborator mix, mishap discovery, and ISI certificate, setting another norm for wellbeing and comfort in the business.

During their appearance on Shark Tank India, Altor looked for Rs 50 lakhs for a 5% value stake, at last getting it of Rs 50 lakhs for a 7% value share with financial investors Namita Thapar and Aman Gupta. This strategic investment will fuel Altor’s expansion plans, focusing on marketing efforts and ramping up manufacturing to meet increasing demand.

Supported by financial backers like Venture Catalysts, KIIT TBI, and IIIT Hyderabad, Altor has proactively gathered huge pre-orders, serious areas of strength for flagging interest. With its creative mix of programming and equipment, Altor is ready to reclassify the bike insight, preparing for more secure and more associated rides across India. As Altor keeps on flourishing, it highlights the capability of innovation to drive extraordinary change in automotive safety.

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3. KG Agrotech

KG Agrotech, an agricultural startup exhibited on Shark Tank India, presents a notable answer for farmers – a multipurpose bicycle intended for pesticide showering, cultivating, and baggage transportation. Established by Kamlesh Nanasaheb Ghumare, hailing from a cultivating foundation, KG Agrotech intends to smooth out cultivating processes, fundamentally saving time and exertion for farmers.

Ghumare’s innovation, crafted with simple yet effective technology, offers low maintenance costs and affordability, addressing the challenges faced by rural farmers. Before entering Shark Tank India, KG Agrotech garnered interest but lacked the resources for substantial growth.

In a vital second on Shark Tank India, Ghumare got a game-changing arrangement with Lenskart President Peyush Bansal, who contributed Rs 10 lakhs for a 40% value stake and gave an extra Rs 20 lakhs credit at zero interest. This essential association launches KG Agrotech’s direction, highlighting its capability to revolutionise agricultural practices. As KG Agrotech continues its journey, it epitomises the spirit of grassroots innovation driving impactful change in the agricultural sector.

4. Menstrupedia Comic

Menstrupedia Comic arises as a spearheading solution, handling the taboo surrounding menstrual health wellbeing for juvenile young ladies. Established in 2012 by Aditi Gupta and Tuhin Paul, the startup tends to a basic need by giving extensive data about menstruation through a creative comic organization.

With the launch of “Menstrupedia Comic: The friendly Manual for Periods for Young ladies,” Gupta and Paul plan to engage young ladies with information and certainty to consistently explore their menstrual cycles. Perceiving the significance of training and mindfulness, the startup conducts studios, masterclasses, and disperses comic books to connect the information gap.

In a notable second on Shark Tank India Season 1 Episode 6, Menstrupedia Comic converted a critical deal with financial backer Namita Thapar. Offering 20% value for Rs 50 lakhs, the organisers profited by the potential chance to extend their effect and reach. With a valuation of Rs 5 crores, Menstrupedia Comic epitomises the force of business in driving social change and encouraging a more educated, engaged age.

5. Watt Technovations

The finale of Shark Tank India Season 1 witnessed an unprecedented moment as Watt Technovations, led by the visionary Nihal Singh Adarsh, introduced Cov-Tech, a revolutionary solution tailored for frontline medical workers. Cov-Tech, a ventilation system ingeniously designed as an add-on to existing PPE kits, mitigates the discomfort caused by prolonged usage in high-risk environments.

In a remarkable display of entrepreneurial audacity, Adarsh entered the Shark Tank seeking a mere ₹101 for a 2% stake in his venture. The Sharks, captivated by the innovation and social impact potential, seized the opportunity, striking a deal with Adarsh at ₹101 for 4% equity.

Since then, Cov-Tech has garnered immense recognition, transforming the landscape of medical safety equipment. Adarsh offered thanks to Sharks Namita Thapar, Anupam Mittal, Gazal Alagh, and Peyush Bansal, recognizing their instrumental help. With Cov-Tech’s outstanding ascent, Adarsh’s vision of improving clinical experts’ safety and solace has turned into a reality, setting another norm in medical care development.

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First published on: May 15, 2024 01:09 PM IST

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