Three young founders of industrial gear brand Jarsh revealed that around 25 lakh people die while shark tanks go about their business in India Season 4, clearing power lines, cleaning buildings and entering mines. The founders — Kaustubh, Anand and Srikanth from Hyderabad — were found to be designing helmets, rigs and equipment to protect workers who enter power lines, clean buildings and mine.
One of the founders — Kaustubh — said they have a patented technology that works on a solid-state cooling module. When asked who would use this product, he said that their product positioning is not centered around comfort, they offer a thermal stress solution in the form of a helmet.
A similar solution has already been provided to police departments. He also mentioned that no other brand does that when it comes to helmets. During their pitch, they also revealed that their brand name was inspired by Jarvis' character iron man movies
They admitted that they are currently selling products at a very high price as a normal helmet costs Rs 200 and an air-conditioned helmet costs Rs 17,000. The founders sought an investment of Rs 50 lakh for a 1 per cent stake in their company, taking their brand's valuation to Rs 50 crore.
boAt CMO Aman Gupta Jarsh offered the founders Rs 50 lakh for a 1.5 percent stake, to which the founders agreed. Needless to say, social media users were impressed by the startups for getting a strong deal on the show. They mentioned that the founders were right to go with Aman Gupta due to his expertise in wearables.
“Kaustubh was my classmate from school and my best friend. I've seen him and Team Jersh's journey and I'm so happy with how far they've come! They've worked incredibly hard and it's inspiring to see them It would be nice if they mentioned how success KTR supported them in the early days and how they played at the Global Expo in Dubai. However, this is just the beginning for them Can't wait to see what will be achieved, Kaustubh – the sky's the limit! wrote a user.
“They chose Aman because of his expertise in manufacturing wearables that can support their voltage sensors and other devices,” commented a second user.
“Saw this pitch. Amazing innovation, good and humble founders,” wrote a third user.
“They actually picked the right shark and went into the right mindset of not diluting further. This can be scaled not only in India but also globally,” said a fourth user.
“Nice pitch but expensive. Corporate or Govt won't buy these expensive helmets for their staff,” commented another user.