Torchit Shark Tank India Season 1
Torchit
The goal is to establish a sustainable ecosystem that promotes inclusive progress for people with disabilities by making assistive mobility and accessibility, financial stability, and literacy possible.
Founder of Torchit
Hunny Bhagchandani, the creator of TorchIt and a social innovator, has a clear grasp of how to use the community of people with disabilities to their advantage by giving them the power of independence.
I learned to be empathetic but also applying economics to everything from my upbringing in Ahmedabad, where I came from a modern Sindhi business family. If something is not sustainable and productive, it will not last over time. The mission of TorchIt is still to provide the community of people with disabilities with cutting-edge goods so they can live autonomous lives.
Torchit Funding Round
Company Name | Torchit |
Shark Tank India Season | 1 |
Episode No | 20 |
Season No | 1 |
Brand | Torchit |
Idea | Products for visually impaired people |
Original Ask | 75 lakhs for 1% equity |
Deal | No Deal |
Invested By: | ——– |
At the core of Torchit's pitch was a dedication to innovation and inclusion. Their products ranged from assistive devices like tactile maps and braille labels to everyday items designed with features to aid the visually impaired in their daily lives. Torchit aimed to break down barriers and empower individuals with visual impairments to navigate the world with confidence and dignity.
The Pitch:
Torchit entered the tank with a heartfelt proposition: to develop and provide essential products designed specifically for visually impaired individuals. Their pitch centered on the importance of accessibility and independence for those with visual impairments. With an original ask of 75 lakhs for a 1% equity stake, Torchit aimed to capture the attention of the Sharks and secure the investment needed to further their mission.
The Deal:
Despite the noble mission and innovative products presented by Torchit, the Sharks decided not to invest at that time, resulting in a "No Deal" outcome. While the Sharks recognized the importance of Torchit's work, they may have had concerns about scalability, market demand, or other factors influencing their decision.
Conclusion:
Torchit's appearance on Shark Tank India highlighted the challenges faced by entrepreneurs striving to make a positive impact in the world. Despite the setback of not securing an investment on the show, Torchit's dedication to serving the visually impaired community remained unwavering. Their story serves as a reminder of the importance of perseverance, passion, and resilience in the face of adversity, and their work continues to illuminate the path for those living with visual impairments.