Three young founders of technical equipment brand Jarsh revealed that around 25 lakh people died tending to electrical wires, cleaning buildings and entering mines as they set up their business in season 4 from Shark Tank India. The founders – Kaustubh, Anand and Sreekanth from Hyderabad – – revealed that they create helmets, platforms and gadgets to protect workers who tend electrical wires, clean buildings and enter mines.
One of the founders, Kaustubh, said he had patented a technology running on a solid-state cooling module. When asked who would use this product, he said their product positioning was not focused on comfort, adding that they provided a solution to heat stress in the form of a helmet.
A similar solution has already been proposed to police services. He also mentioned that no other brand does the same thing for helmets. During their pitch, they also revealed that their brand name was inspired by the character Jarvis from the film Iron Man movies.
They admitted that they are currently selling 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 in exchange for 1 per cent stake in their company, taking their brand valuation to ₹50 crore.
boAt CMO Aman Gupta offered the founders of Jarsh 50 lakh for a 1.5 percent stake, which the founders accepted. Needless to say, social media users were impressed with the founders for striking a strong deal on the show. They mentioned that the founders were right to choose Aman Gupta because of his expertise in the wearable device space.
“Kausthub was my classmate at school and my best friend. I’ve seen him and Team Jarsh’s journey, and I’m so happy with how far they’ve come! They’ve worked incredibly hard and it’s inspiring to see their I wish they had mentioned in the pitch how KTR supported them in the beginning and their booth at the Dubai World Expo – these are such important milestones Regardless, it is. only the beginning for them to see this. what they achieve next! Keep making us proud, Kausthub – the sky is the limit,” one user wrote.
“They chose Aman because of its expertise in manufacturing wearable devices, which can help with their voltage sensors and other devices,” a second user commented.
“I saw this pitch. Amazing innovation, good and humble founders,” a third user wrote.
“Actually they chose the right shark and had the right idea to not dilute anymore. This can be scaled up not only in India but also globally,” said a fourth user.
“Good point but too expensive. Companies or governments won’t buy such expensive headsets for their staff,” another user commented.
