Digital Pani At Shark Tank India - Digital Pani valuation and funding

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 brand boAt Lifestyle.

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

Namita Thapar - Executive director of Emcure Pharmaceuticals. 

Azhar Iqubal- Co- founder & CEO of Inshorts.

Radhika Gupta - MD & CEO @Edelweiss Mutual Fund.

Shark Tank - Digital Paani

Rajesh Jain & Mansi Jain, founders of Digital Paani. They are from Rajasthan. He completed Chemical engineering from IT Delhi. Rajesh said, "I noticed the problem of water scarcity, That’s why we started this.” She studied from Stanford University, California and returned to India to join Digital Paani. They are seeking 70 Lakhs for 1% equity, valuing the company at Rs70 Cr.

Digital Paani Net Worth and Valuation

Digital Paani  Valuation Rs70 crore when they presented their idea to Shark Tank India.

What does Digital Paani do? 

Digital Paani started in 2020. Digital Paani is an IoT ( Internet of things) software. It is a Wastewater management platform that tracks and manages the water treatment plant's health and performs tasks like equipment automation and WhatsApp updates to operators.

The treated water can be recycled. 90 mn Litres of wastewater is treated daily at associated plants. A patent will be filed for using computer vision to detect biological process settlement. 43 water treatment plants are associated. 

What did the Sharks say?

Azhar Iqubal Opted out saying that I don't think it will speed up growth.  

Anupam Mittal also opted out saying that I am not able to understand this valuation. He said “there's absolutely no sense for this kind of company at this stage.” 

Namita said that “you have already got a prior valuation and so I can't do it down. The valuation of Rs. 2.2 Cr. and sales of Rs. 40 Cr. is not fitting from any angle and this is my biggest challenge with investing in the business and for that reason I am out.”

Aman Gupta Opted out and said that “according to me you neither need money nor investors because you already have it.”

Radhika Gupta also opted out. 

And this is how all 5 Sharks opted out. 

Conclusion

It was an engaging episode where participants unfortunately could not secure a deal with Sharks but 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.

Read more- Nemocare Shark Tank India

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