Shark Tank India 4: ‘Can’t wait to see what they achieve next,’ say netizens on Jarsh’s young founders
Three young founders of tech equipment brand Jarsh found out about 25 million people die tending electrical wires, cleaning buildings and entering mines while launching their business on Shark Tank India Season 4. Founders Kaustubh, Anand and Srikanth from Hyderabad; – found that they create helmets, gear, and gadgets to protect workers who tend to walk electrical wires, clear buildings, and enter mines.
One of the founders, Kaustubh, said that they have a patented technology that works on a solid-state cooling module.When asked who will use this product, he said that their product positioning is not focused on convenience, adding that they provide are a solution to heat stress in the form of a helmet.
A similar solution has already been provided to police departments. He also mentioned that no other brand does the same for helmets. During their speech, they also revealed that their brand name was inspired by the character Jarvis Iron man movies.
They admitted that they are currently selling the products at a very high price as air-conditioned helmets cost ₹ 17,000 while a regular helmet costs ₹ 200. The founders were looking for an investment of ₹ 50 lakh for a 1 percent stake in their company, taking their brand valuation to ₹ 50 crore.
BoAt CMO Aman Gupta offered the founders ₹50 lakh for 1.5 percent of the shares, which the founders agreed to.Needless to say, social media users were impressed to sign a solid deal for the show , that the founders did the right thing with Aman Gupta because of his expertise in wearables.
“Kaustub was my classmate and my best friend. I’ve seen him and the Jarsh team travel so far. They’ve worked incredibly hard and it’s inspiring to see them. I wish them the best of luck.” they mentioned how KTR supported them in the early days and their booth at the Dubai Global Expo; This is just the beginning for them to see what they will achieve next, Kausthub. the user wrote:
“They chose Aman because of his expertise in wearables, which can help them with strain sensors and other devices,” commented a second user.
“Saw this pitch. Amazing innovation, nice and humble founders,” wrote a third user.
“They actually picked the right shark and thought right not to dilute anymore. This can be scaled not only in India but globally,” said a fourth user.
“Good game but too expensive. Corporates or the government won’t buy these expensive helmets for their staff,” another user commented.