80 Wash in Shark Tank India

Shark Tank India is an Indian business series. The show is the Indian franchise of the American show Shark Tank. Several startups present their creative and innovative business ideas to a panel of judges and aim to secure funding. Judges evaluate the valuation of the business and provide funding to the startups in exchange for either ownership stakes or a specific percentage of equity in the company. The judges also provide valuable mentorship to help these startups navigate challenges they may encounter in their startup journey.

This season, the lineup of judges for Shark Tank features:

Aman Gupta - Co-founder and CMO of Indian electronics brandboat Lifestyle.

Vineeta Singh - CEO & Co-founder of Sugar Cosmetics.

Peyush Bansal - CEO & Co-founder of lenskart. 

Ritesh Agarwal - Founder & Group CEO of OYO. 

Anupam Mittal - CEO & Founder of People Group and Shadi.com.

80 Wash in Shark Tank India

Varinder Singh, Nitin Saluja, and Rouble Gupta are co-founders of 80 Wash. They started 80 Wash, which works in 80 seconds. They were seeking Rs. 1 crore. They valued the company at Rs. 40 Cr, asking for 2.5 shares.

What does 80 Wash do? 

80 Wash is a new generation washing machine that works in 80 seconds and removes everything from clothes, including stains, smells, and bacteria. This makes 80 Wash environmentally friendly.

They stated that "this machine cleans clothes without water and without detergent in 80 seconds." Their vision is to make laundry economical and even more useful in places where the volume of clothes is high, like hospitals.” Their vision is to make laundry economical and environmentally friendly through this innovative machine.

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What did the Sharks say?

All the sharks were not impressed with this business, and they said that there is no innovation, notechnology, and when they gave a demo of it, they did not even prove themselves right. This business is fail-proof in front of sharks, and because of this, they also said that you should not do this business. You should do some other business, and they all opted out of saying this.

Conclusion

It was an engaging episode where participants, despite not proving themselves right and not securing any deals with sharks, received valuable mentorship to help grow their businesses. Now, everyone is eagerly awaiting the next episode, looking forward to discovering more intriguing businesses and their strategies for raising funds from the panel of judges.