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Season 1

Astrix Shark Tank India Season 1

by IndiaSuccessStories
written by IndiaSuccessStories 0 comment
Astrix Shark Tank India Season 1 Got No Deal from the sharks.

Astrix Shark Tank India Season 1

Pitch no 102 with company details

Astrix

Astrix Engineering Products (P) Ltd was created in March 2018 in Coimbatore to produce “Smart Door Locks” for the Indian and international markets. The smart locks are controlled by mobile phones, and many of the lock’s functions are developed in India for the first time.

Founder of Astrix

Astrix was founded by Max Daniels and William Hunter.

Astrix Funding Round

Company Name

Astrix

Shark Tank India Season

1

Episode No

31

Season No

1

Brand

Astrix

Idea

Smart Locks

Original Ask

75 lakhs for 3% Equity

Deal

No Deal

Invested By:

——

At the core of Astrix's pitch was a commitment to providing homeowners with peace of mind and convenience through innovative technology. Their smart locks not only offered improved security measures but also streamlined access management for residents and guests. Astrix aimed to empower individuals to take control of their home security and embrace the benefits of smart living.

The Pitch:

Astrix entered the tank with an ambitious proposition: to enhance home security with its cutting-edge smart locks. Their product offered advanced features such as keyless entry, remote access, and real-time monitoring, all controlled through a smartphone app. With an original ask of 75 lakhs for 3% equity, Astrix sought to attract investors who recognized the potential of smart home technology in shaping the future of security.

The Deal:

Despite their promising pitch and advanced technology, Astrix left the tank without a deal. While the Sharks acknowledged the importance of home security and the potential of smart locks, they may have had concerns about market saturation, competition, or the scalability of the business. However, the experience served as a valuable learning opportunity for Astrix, providing them with insights and feedback to refine their product and strategy in the dynamic smart home technology market.

Conclusion:

The journey of Astrix on Shark Tank India Season 1, Episode 31, underscores the challenges and opportunities of entrepreneurship in the smart home technology sector. While the brand may not have secured a deal in the tank, their dedication to innovation and home security is commendable. With valuable lessons learned from their experience on the show, Astrix is poised to continue developing cutting-edge solutions that safeguard homes and empower homeowners in an increasingly connected world.

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