The third season of Shark Tank India featured an inventive pitch that drew the interest of investors, demonstrating the flourishing entrepreneurial culture in India. The Bangalore-based entrepreneurs of Tohands, Praveen, Shanmugam, and Satyam, introduced their ground-breaking invention, a smart calculator designed to revolutionize the way store owners handle transactions. With UPI and digital payments taking over the world, Tohands seeks to close the gap for small firms that still use manual calculators. Let’s examine the proposal that piqued the interest of the Sharks and consider how Tohands clever calculator might alter the retail environment.
Shifting from Tradition to Innovation:
The creators started the pitch by outlining how the retail industry has changed since 2015. They emphasized the rise of UPI and the difficulties retailers have in documenting a variety of transactions. Transitional phrases like “today,” “even today,” and “so what’s the problem” helped to move the story from the historical context to the present-day retail setting.
Unveiling the answer:
The founders’ brilliant answer, a smart calculator with Cash In and Cash Out buttons to make transaction recording easier, was disclosed as the shift went on. Phrases like “We saw a very interesting thing” and “This type of calculator is installed in every shop” allowed the story to flow naturally.
The product’s unique selling proposition was highlighted by Tohands, who positioned it as a cost-effective and simple substitute for pricey billing machines. Transitional phrases like “Our vision is” and “The best part is” helped the audience understand the unique characteristics and long-term objectives of the smart calculator.
Founder History and Vision:
Transitional phrases like “So Sharks” helped move the conversation from product details to Praveen, Shanmugam, and Satyam’s individual journeys as the Sharks dug into the founders’ backgrounds. The founders’ varied backgrounds gave their business more legitimacy.
Adoption and Challenges:
The story moved seamlessly to Tohands’ struggles, especially throughout the adoption process. Transitional phrases like “They don’t have the inventory of all the goods” and “Building this thing in a simple calculator” clarified the challenges and Tohands calculated plan to get over them.
Fundraising and Financial Information:
The proposal included financial information about revenue, past fundraising success, and future goals with ease. Expressions such as “So now I want to do a demo for Aman” and “What is cap?” made the company’s financial situation and expansion plan clear.
Shark Interactions and Offers: The Sharks skillfully transitioned the topic from financials to future plans with phrases like “What is next after the calculator” when they interacted with the owners. Phrases like “Enjoy the Dangal man” and “So you have two offers” were used in the Sharks’ bids and counteroffers.
Offers Given By Sharks:-
Original ask 55 lakh rupees in exchange for 1% equity.
Varun’s offers: 30 Lakhs for 1% equity+ 25 Lakhs debt at 12% interest for 2 years valuation 30 crores
Radhika and Varun’s combined offer: 30 Lakhs for 1% equity+ 25 Lakhs debt at 12% interest for 2 years valuation 30 crores
Anupam’s Offers: 55 Lakhs for 1.5% equity valuation 36.67 crores
Radhika and Varun’s Revised offer: 30 Lakhs for 1% equity+ 25 Lakhs debt at 10% interest for 2 years valuation 30 crores
Anupam’s Revised offer:60 Lakhs for 2% equity valuation 30 crores
Radhika and Varun’s revised offer:60 Lakhs for 2% equity valuation of 30 crores
Praveen, Shanmugam, and Satyam’s counter offer 80 Lakhs for 2 % equity
At last, Deal locked with Radhika and Varun’s offer: 60 Lakhs for 2% equity
Decision and negotiating:
The Sharks voiced their interests and concerns throughout the negotiating stage. “Now you tell me” and “We have understood” are examples of transition words that helped to organize an organized conversation on terms, valuation, and equity. There was a decision-making process at the end of the pitch, using expressions like “You have only one offer.”
Conclusion
In conclusion, Tohands’ presentation on Shark Tank India 3 presented a vision to completely transform the way small businesses handle transactions in addition to a product. By directing viewers through the aspects of the product, the negotiating process, and the founders’ journey, the use of transition phrases guaranteed a fluid flow of information. While Tohands proceeds with Varun and Radhika’s proposal, attention is still focused on this ground-breaking idea that has the potential to completely transform Indian retail operations.
You may also read : Decode Age: Using Decode Age to Travel Towards Healthy Aging
Leave a Reply