CoolAnt Shark Tank India Season 3
CoolAnt
CoolAnt is a creative, all-natural air-cooling solution that may be used in public areas, offices, retail stores, and homes.
Founder of CoolAnt
Monish Siripurapu is Coolant’s founder.
CoolAnt Funding Round
Company Name | CoolAnt |
Shark Tank India Season | 3 |
Episode No | 44 |
Season No | 3 |
Brand | CoolAnt |
Idea | Nature-Based Cooling Technology |
Original Ask | 90 Lakhs for 1% Equity |
Deal | No Deal |
Invested By: | ——– |
CoolAnt's idea was rooted in harnessing the natural cooling properties of certain materials to create sustainable and energy-efficient cooling solutions. By leveraging principles inspired by nature, CoolAnt aimed to develop products that could provide relief from the heat without relying on harmful chemicals or excessive energy consumption. Their mission was not only to offer superior cooling performance but also to reduce the environmental impact of traditional cooling methods.
The Pitch:
With an original ask of ₹90 Lakhs for 1% equity, CoolAnt showcased their nature-based cooling technology and highlighted its potential to disrupt the market. They emphasized the ecological benefits of their approach and the growing demand for sustainable cooling solutions in a warming world. The founders' passion for sustainability and their commitment to innovation resonated with the sharks, who recognized the significance of their mission in addressing climate change.
The Deal:
Despite their compelling pitch, CoolAnt left the tank without a deal. While the sharks appreciated the innovative nature of the technology, they expressed concerns about the scalability and commercial viability of the product. Without a clear demonstration of market demand and a solid business model, the sharks hesitated to invest in CoolAnt at the proposed valuation.
Conclusion:
Although CoolAnt did not secure an investment in Season 3, Episode 44 of Shark Tank India, their presence on the show highlighted the importance of sustainable innovation in addressing pressing environmental challenges. By pushing the boundaries of traditional cooling technology, CoolAnt has already made strides towards a greener future. As they continue to refine their approach and build their business, CoolAnt remains committed to harnessing nature's cooling power for the benefit of both people and the planet.