Shark Tank India has quickly become one of the most popular reality shows on television. The Indian franchise of America’s Shark Tank consists of entrepreneurs pitching their businesses to a panel of investors to receive funding. 198 out of 62,000 registered start-ups were chosen for the pitches; 106 of those have been covered yet. Of the start-ups featured, around 15% were technological companies, with 7% leveraging emerging technologies of AI, ML, IoT and Robotics. Let’s look at the top start-ups featured on SharkTank, with technologies at the core of their offerings.
Thinkerbell Labs
Thinkerbell Labs raised ₹1.05 crore on their flagship product, Annie, a self-learning app for visually impaired individuals. The students of BITS Pilani formed the ideation behind this Bangalore based start-up. Annie is the world’s first self-learning Braille device for the visually impaired and allows students to learn to read, write and type Braille independently. Additionally, the companion app allows teachers to monitor real-time progress and allot home tests. Local authorities can also evaluate, compare, and remedy students through the cloud platform. Some of the app’s customers include the Governments of Jharkhand, Telangana, UP, and Chattisgarh, and Tech Mahindra Foundation and Mitsubishi Industries.
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Booz scooters
Booz is an app-based electric scooter company that claims to be the first of its sort in South Asia. The start-up provides electric scooter rentals in various locations, including corporate parks, commercial parks, residential regions, industrial areas, educational campuses, tourist attractions, public spaces, hotels, clubs, and resorts. Founded by engineer Rutvij Dasadia, the start-up received ₹40 lakhs in funding for 50% shares by Vineeta Singh & Ashneer Grover.
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PNT solutions
Mumbai based robotics start-up PNT works on industrial projects based on AI, ML, ROS and IoT along with customised robotics solutions. One of the company’s popular robots is ADO. This AI-powered advertisement robot is a fully automated humanoid robot that can perform autonomous navigation, facial recognition and gesture like humans. At Shark Tank, the start-up received ₹25 lakhs investment for 25% equity and ₹25 lakhs debt.
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Aas Vidyalaya
EdTech start-up and short for Anytime Anywhere School, AAS Vidyalaya is claimed to be India’s first online school. AAS is overcoming the availability and accessibility of good quality education in India by bringing the school to children who cannot attend. Mathematics, Science, Hindi, English, Social Science, Sanskrit, Computers, and Marathi are all covered by AAS Vidyalaya. It also follows various educational curricula, including ICSE, NCERT CBSE, NIOS, UP Board, MP, Bihar, Rajasthan, and Maharashtra Boards. The app allows for digital and regular assessments, report cards, instructor interactions, online courses and parent contact. The start-up received ₹1.5 crores of investment for 15% equity.
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RoadBounce
RoadBounce is a pothole detection software with maps to better riding quality in India. A huge number of accidents occur, given India’s bad roads and potholes. RoadBounce’s device is a pavement monitoring platform for large road networks that detects and informs the rider before accidents occur. Additional features include geotagged roughness indicator, before-after comparison, video interface and 100 to 200-meter resolution. The start-up raised ₹80 lakhs for 20% equity on Shark Tank.
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Aliste Technologies
Aliste technologies provide home automation solutions, claiming to be the best in the market with the highest load-bearing capacity and industry-leading response time. Powered by full-end analytics, the products are affordable and help further save the customer’s bills. The services include geo-tracking that allows the user to walk out of their homes without worrying about electronic appliances that are switched on, automated switchboard and control of voice assistants, smart Lock, IR Blaster, RGB Controller, Motion Sensor, Touch Panel, CCTV Camera, Wave Sensor, and Smart Gate. The company aims in making the home completely digital.
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PlayboxTV
PlayboxTV is an online streaming platform and live entertainment streaming mobile application. Based on a single subscription, PlayboxTV allows the customer to view various shows and channels of their choice. In addition, their offerings include OTTAS, where internet service providers can showcase content to their users. OTT is an OTT aggregator with access to all OTT and LIVE TV subscriptions on a single sign-on payment and OS, a smart operating system to turn an ordinary TV into a smart TV. Users can access 350 live TV channels and 20+ OTT platforms, including Amazon Prime, Zee5, Sony Liv and, Shemaroo, on PlayboxTV.
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LOKA
Tagged as “India’s first Metaverse gamified app”, Bangalore based start-up LOKA, founded by Krishnan Sunderarajan, has created a metaverse gaming app for Android and iOS users. With the help of third-party apps like Amazon, Netflix, Deliveroo and more, LOKA gives the players a real-time real-world experience of real cities. The locations include Connaught Place in Delhi and will be expanded to Manhattan in New York or Oxford Street in London. The start-up received ₹14 lakh investment for a 24% equity stake on Shark Tank.
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Proxgy
Proxgy, launched during the pandemic, is a global service for users to book a real-world human avatar at any given point. Customers can navigate physical spaces through the avatar and experience a live immersive experience indoors. The start-up leverages 360-degree rotation cameras on the Proxgy smart helmets with 3D viewing and broadcasting services for their tech stack. Proxgy has marketed this tool for various experiences, including shopping, travelling, viewing real estate, remote KYC, mining, surveillance and more. The start-up received ₹1 crore investment on SharkTank for 10% equity.
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Shark Tank has brought to light some of the top start-ups providing solutions for the major issues in India through the help of AI and Robotics. The funding and recognition for such companies is a major step in the government’s plan of Digital India.
