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Caspian Shark Tank India Season 3

by IndiaSuccessStories
written by IndiaSuccessStories 0 comment
Caspian Shark Tank India Season 3 Got No Deal from the sharks.

Caspian Shark Tank India Season 3

Pitch no with company details

Caspian

A smart cleaning tool for homes, the Caspian Smart Mop is manufactured in India and sold all over the world.

Founder of Caspian

Mehul S. Jain and Yogindra K. G. created Caspian. 

Caspian Funding Round

Company Name

Caspian

Shark Tank India Season

3

Episode No

51

Season No

3

Brand

Caspian

Idea

Smart Mop

Original Ask

15 Lakhs for 1% Equity

Deal

No Deal

Invested By:

——–

Caspian aimed to transform the way people approached cleaning with its cutting-edge product, the Smart Mop. Designed to streamline household chores, the Smart Mop boasted features such as automated water dispensing, adjustable cleaning modes, and intelligent navigation capabilities. With the promise of making cleaning more efficient and hassle-free, Caspian sought to revolutionize the home cleaning industry.

The Pitch:

With an original ask of 15 Lakhs for 1% equity, Caspian presented a compelling pitch that highlighted the innovation and practicality of the Smart Mop. The founders showcased how the product could save time and effort for users by automating the cleaning process and adapting to different surfaces and environments. They emphasized the growing demand for smart home solutions and positioned the Smart Mop as a must-have gadget for modern households.

The Deal:

Despite the impressive features of the Smart Mop, Caspian left the tank without securing a deal. While the sharks acknowledged the potential of the product and its relevance in today's market, they expressed concerns about the scalability and competitive landscape of the home cleaning industry. Without a clear differentiation strategy and a proven track record of success, the sharks were hesitant to invest at the proposed valuation.

Conclusion:

Caspian's journey on Shark Tank India highlighted the potential for innovation in the home cleaning industry. While their pitch did not lead to a deal, their commitment to simplifying household chores with the Smart Mop left a lasting impression on both the sharks and the audience. As Caspian continues to iterate on its product and explore opportunities for growth, it remains poised to make a meaningful impact on the way we approach cleaning in our homes.

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