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Ashneer Roasted | Shark Tank India #shorts
· 17.07.2023 · 20:00:23 ··· Montag ⭐ 0 🎬 0
📺 Faktenclown
@magiclockdc Shark Tank India Pitch | Shark Tank India Cylinder | shark tank india cylinder |
cylinder safety pin shark tank india | shark tank cylinder safety | shark tank lpg cylinder | cylinder safety device | cylinder blast safety device | Faktenclown | Fakten Clown
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In Season 1 of Shark Tank India, Magiclock made a pitch for their innovative LPG cylinder lock. The product aims to enhance the security of LPG cylinders, and prevent untoward incidents that might occur due to gas leakage. The three presenters, all middle-aged men, seemed confident and well-prepared for their pitch.
Magiclock's monthly sales were not too impressive, standing at 0.04 lakhs INR. However, they were seeking a hefty investment of 1,500 lakhs INR. They offered an equity stake of 8.0%, which according to them reflected the significant potential of their product.
The Sharks, while intrigued by the product, were hesitant to invest such a large sum in an early-stage startup with relatively low monthly sales. The team received no offers from the Sharks, which meant that they would have to continue seeking funding elsewhere.
Despite not receiving any offers, the Magiclock team remained optimistic and determined to pursue their vision. They believed that with the right support, they could make their product a success in the Indian market.
Ultimately, the pitch by Magiclock on Shark Tank India demonstrated the vast potential for innovative hardware solutions in the Indian market. It also highlighted the importance of a well-prepared pitch and a clear business plan when seeking funding from investors.
#magiclock #ashneergrover #sharktankindia #sharktank #sharktankindiaseason2 #shark #cylinder #cylindersafety #safetydevice #cylinderprecaution #ytshortsindia #ytshorts #hindi #viral #chilled #summerspecial #amangupta #namitathapar #anupammittal #boat #lenskart #emcure #sugarcosmetics #vineetasingh #ashneerroast
· 17.07.2023 · 20:00:23 ··· Montag
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