- Founder: Sreekanth Kommula, Anand Kumar & Kausthub Kaundinya
- Business: Smart Tools
- Ask: ₹50 Lakhs for 1% Equity
- Valuation/ Networth: ₹50 Crores
- Funding: ₹50 Lakhs for 1.5% equity
- Pitch: Youtube
- Episode: Season 4 Episode 11
Jarsh Shark Tank India Pitch:
Jarsh’s founders shared that over 25 lakh people lose their lives due to occupational accidents and related diseases worldwide. Jarsh is an innovation company which is working on resolving the critical industry safety problems. The founders sought an investment of ₹50 lakhs in exchange for 1% equity in the company, valuing the business at ₹50 Crores.
Jarsh’s product line includes an active cooling helmet which protects from heat stress, SmartVolt which protects from accidental electrical shocks & Linesense and SmartCarabiner, which make working at heights safer and smarter. The founders added that they are catering to the market, which is worth over 6 Lakh Crores internationally.
Jarsh is named after Jarvis from the Iron Man franchise. Their Activcooling helmet is made with their own developed and patented technology, which operates on a solid-state cooling module. Their non-contact voltage detector is called SmartVolt.
Jarsh’s Financials during Shark Tank India:
Jarsh made a revenue of ₹1.5 Crores in FY23- 24. This year(FY24- 25), however, the founders are projecting to close with a revenue of ₹7 Crores. The majority of their sales will come from their helmets. They are projecting ₹15 Crores for FY25- 26. The founders also shared that they would make over 10% profits for FY24-25.
Jarsh has priced their ActivCooling helmet at ₹10,000 to ₹17,000 depending on the variant. The founders shared that they are significantly more expensive than the regular helmets on the market. Their making cost is at ₹4,000.
At the time of their pitch, the company also introduced the product, which was three months away from launch, which they named Linesense. LineSense is a Sensor That Continuously Monitors the Tension/Stress in a Fixed-Line System, Alerting If the Line Is Too Loose or too Tight and Marking It as Unsafe.
The three founders of Jarsh hold 56% of equity in their company, which is equally split between the founders. They have a long-term angel investor who holds 18%. This investor has invested ₹1.1 Crores at ₹4.5 Crores valuation. They raised their second round in February 2023, where they raised ₹1.5 Crores at ₹13.5 Crores valuation. They recently closed their seed round at a ₹30 Crore valuation. They had ₹3.5 Crores in the bank at the time of their pitch.
Jarsh Shark Tank India Negotiations & Funding:
Anupam was the first shark to go out of the deal due to a lack of sales and marketing skills in the founding team. Peyush offered ₹1 Crore for 5% equity in the company. Namita offered ₹50 lakhs for 1% and 1% royalties till she makes her investment back. Ritesh offered ₹1 Crore for 3%. Aman offered ₹50 Lakhs for 2%. Peyush revised his offer to ₹1 Crore for 3%.
The founders wanted the sharks to join hands, but they refused. Aman offered ₹50 Lakhs for 1.5%, which the founders accepted without any hesitation. This gave them a valuation of ₹33.33 Crores.
Who are the founders of Jarsh?
Sreekanth Kommula, Anand Kumar & Kausthub Kaundinya founded Jarsh.
How is Jarsh doing after Shark Tank India?
Our research in the Jarsh revealed that while they did get a deal on Shark Tank India, there is insufficient evidence to conclude that their deal with Aman was ever finalized after the show. Their Shark Tank appearance given them exposure and validation, which would definitely help with their growth. you can check out their products by clicking the Amazon button below!
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