Shark Tank India | SID07 Designs" features a pitch by SID07 Designs on Shark Tank India.The entrepreneur presents their business, leading to a debate between sharks Aman and Peyush.
Key Highlights:
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Business Model: SID07 Designs operates as an R&D-focused entity, developing mechanical innovations intended to improve everyday experiences. The company emphasizes product development and innovation, with less focus on immediate commercialization.
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Products: While specific products were not detailed in the available information, the company is known for creating life-enhancing mechanical innovations.
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Ask from Startup: Siddharth initially sought ₹47 lakhs for 10% equity, valuing the company at ₹4.7 crores.
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Motive of Business: The primary goal is to develop innovative mechanical solutions that enhance daily life, focusing on R&D to bring unique products to market.
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Pitcher Motive: Siddharth aimed to secure investment to further R&D efforts, scale production, and eventually commercialize the innovations developed by SID07 Designs.
SID07 Designs - Pitch Details
| Aspect | Details |
|---|---|
| Business Model | Design-focused company providing innovative and functional products that cater to consumer needs. |
| Quarterly Growth | Growth data was not explicitly shared, but the company aims for scalability and market expansion. |
| Products | Unique designs blending aesthetics with functionality; specific product details are not mentioned. |
| Ask from Startup | Seeking investment for scaling operations and expanding product reach. |
| Motive of Business | Deliver innovative design solutions to enhance customer experience and lifestyle. |
| Pitcher Motive | To secure funding and strategic guidance for business growth. |
| Is it Investible? | The business has potential; however, specific data on financials, demand, and scalability are essential for a final decision. |
Investment Outcome:
After deliberation, Peyush Bansal offered ₹25 lakhs for 75% equity and ₹22 lakhs in debt, which Siddharth accepted. However, it's noteworthy that the deal did not materialize post-show, and as of the latest updates, SID07 Designs remains 100% owned by its founder.
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Is it an Investible Business?
The investment potential of SID07 Designs sparked debate among the sharks. Some viewed the venture as more of an R&D lab rather than a scalable business, raising concerns about its immediate profitability and market readiness. The lack of clear commercialization strategies and detailed financial data made it challenging to assess its investibility conclusively.