• Founder: Dhaval and Jayesh Nai
• Business: Tea Glasses Washing Machine
• Ask: ₹30 Lakhs for 10% Equity
• Valuation/ Networth: ₹3 Crore
• Funding: ₹30 Lakhs for 20% Equity
• Sharks: Anupam Mittal, Vineeta singh, Namita Thapar, Peyush Bansal and Aman Gupta
• Episode: Season 2 Episode 29

Mahantam Shark Tank India Pitch:

Mahantam, a startup founded by Dhaval and Jayesh Nai, engineers automatic tea glass washing machines specifically designed for roadside tea stalls. Capable of washing 15 glasses in just 30 seconds, the innovation has garnered significant interest from multiple vendors. The founders presented their business seeking Rs. 30 lakhs for 20% equity. The founders wanted to save the environment by eliminating paper cups on tea stalls and make the process of washing cups more hygenic. The Unique selling proposition of their machine is the compact size and simple design. Their vision is to install this machine at every tea stall in India

Jayesh and Daval got a grant from Anupam’s venture “Dream Deal”and they used that money to create their machine. They sold 3 machines so far. First one sold for ₹20,000 and rest sold for ₹28,000. Their first machine only did internal washing and but after getting feedback from first buyer they added external and internal washing both in the new version which is ready to go in the market. It would only cost ₹9 worth of electricity for washing 10,000 glasses. They are also working on making smaller machines for small Tea stalls.

Their Gross Margin for their ₹28,000 machine is at 32% after the manufacturing cost of ₹19,000. They are hoping to sell 50 machines in first year which would bring in ₹15 lakh of revenue. They were yet to register their company at the time of pitch.

Mahantam Shark Tank India Negotiations and Funding:

Anupam comments that this is very early stage company but he is impressed with entrepreneurs so he offers ₹30 lakh for 20% of the company. Aman asks if other sharks can join that offer as well. Peyush and others agrees to that and they give all shark deal of ₹30 lakh for 20% of the company. Founders accept that offer without any hesitation.

who are the founders of Mahantam?

Dhaval Nai and Jayesh Nai founded Mahantam. Dhaval Nai is 20 year old and Jayesh Nai is 22. Hailing from Banaskantha, Gujarat, the brothers initiated this venture after Dhaval learned machine design from online resources like YouTube and constructed the first machine himself. Dhaval made 4 failed prototypes before finding a success in his 5th prototype.

How is Mahantam doing after Shark Tank India?

Our research in the company revealed that their deal with Sharks did Indeed Closed after the show aired. This was later confirmed by entrepreneurs as well through their socials. Mahantam developed a new version of their machine after the show, which can be booked directly through their website.

As of late summer 2023, Mahantam has sold 20 machines and the founders commented that the pricing & demand are not even issues as they are getting 3-4 calls a day after their episode aired. As of January 2024, The company is still in business.

Source: Dhaval Nai Instagram

Here are other companies from Season 2 Episode 29.