Mahantam Shark Tank India Season 2
Mahantam
Mahantam Tea Glass Washing Machine understands that hygiene is a necessity rather than a luxury, so it offers machines in an effort to address this issue through technology.
Founder of Mahantam
Dhaval and Jayesh Prakashbhai Nai, brothers, started Mahantam, a small company.
Mahantam Funding Round
Company Name | Mahantam |
Shark Tank India Season | 2 |
Episode No | 29 |
Season No | 2 |
Brand | Mahantam |
Idea | Tea Glasses Washing Machine |
Original Ask | 30 Lakhs for 10% Equity |
Deal | 30 Lakhs for 20% Equity |
Invested By: | Namita Thapar, Anupam Mittal, Aman Gupta, Peyush Bansal and Vineeta Singh |
Mahantam's tea glasses washing machine aimed to streamline and optimize the process of cleaning tea glasses, particularly in busy hospitality settings such as restaurants, cafes, and hotels. By automating this task, their machine promised to save time, reduce labor costs, and ensure impeccable cleanliness, thus enhancing the overall customer experience. The innovation targeted a niche yet essential aspect of the hospitality industry, offering a practical solution to a common pain point.
The Pitch:
Mahantam introduced a groundbreaking solution for the hospitality industry - a specialized machine designed to efficiently wash tea glasses. Their pitch emphasized the challenges faced by establishments in maintaining hygiene and speed in washing tea glasses, a critical aspect of their operations. Mahantam sought 30 Lakhs in exchange for a 10% equity stake to further develop and market their innovative tea glasses washing machine.
The Deal:
Recognizing the potential of Mahantam's product to address a specific need in the hospitality sector, investors Namita Thapar, Anupam Mittal, Aman Gupta, Peyush Bansal, and Vineeta Singh were impressed by the pitch. After negotiations, they collectively decided to invest 30 Lakhs in exchange for a 20% equity stake in Mahantam. This deal provided Mahantam with the necessary capital infusion to scale their operations, manufacture more machines, and expand their market reach.
Investors Behind Mahantam
Namita Thapar, Anupam Mittal, Aman Gupta, Peyush Bansal and Vineeta Singh: With the backing of a diverse group of investors, Mahantam was well-positioned to execute its growth plans and capitalize on the demand for its innovative tea glasses washing machine. The investment enabled them to ramp up production, invest in marketing efforts, and forge strategic partnerships with key players in the hospitality industry.
Conclusion:
Mahantam's successful pitch on Shark Tank India highlighted the importance of identifying and addressing niche market needs with innovative solutions. By securing investment from experienced investors, Mahantam was able to accelerate its growth trajectory, establish a foothold in the hospitality sector, and pave the way for further innovation in the field of automated cleaning solutions.