Watchout Wearables Shark Tank India Season 2
Watchout Wearables
WatchOut is a technology startup that thinks that its products should have both elegant design and cutting-edge technology. Their purpose is to offer technology to every person by making innovative, cutting-edge items available to everyone.
Founder of Watchout Wearables
Abhisek Baheti founded the business, which specializes in creating smart watches for children. Parents may relax knowing that their children have access to cutting-edge safety features like GPS tracking, an SOS button, and 4G video calling. The brand offers a number of product variations in addition to trying a few new items and new features.
Watchout Wearables Funding Round
Company Name | Watchout Wearables |
Shark Tank India Season | 2 |
Episode No | 2 |
Season No | 2 |
Brand | Watchout Wearables |
Idea | Smartwatches for kids and senior citizens |
Original Ask | 2 Crores for 5% Equity |
Deal | 1 Crore for 10% Equity and ₹ 1 Crore debt @15% interest |
Invested By: | Anupam Mittal and Vineeta Singh |
At the heart of Watchout Wearables' pitch was a commitment to leveraging technology to improve the lives of children and senior citizens. Their smartwatches were equipped with GPS tracking, SOS alerts, heart rate monitoring, and other advanced features aimed at enhancing safety, health, and communication. Watchout Wearables aimed to empower families to stay connected and informed while providing caregivers with valuable insights into the well-being of their loved ones.
The Pitch:
Watchout Wearables entered the tank with a vision to revolutionize the way children and senior citizens interact with technology through their smartwatch offerings. Their idea centered around providing families with peace of mind by offering safety features, health tracking capabilities, and communication functionalities tailored to the needs of these demographics. With an original ask of 2 Crores for 5% equity, Watchout Wearables sought investment to ramp up production, enhance their product features, and expand their market reach.
The Deal:
Watchout Wearables' pitch garnered significant interest from the Sharks, leading to a mutually beneficial deal. Anupam Mittal and Vineeta Singh recognized the potential of Watchout Wearables and offered a deal of 1 Crore for 10% equity, coupled with a 1 Crore debt at 15% interest. This partnership provided Watchout Wearables with the necessary capital to scale their operations and accelerate their growth trajectory in the competitive wearable technology market.
Investors Behind Watchout Wearables
Anupam Mittal and Vineeta Singh: With the backing of Anupam Mittal and Vineeta Singh, Watchout Wearables embarked on a journey of expansion and innovation. The infusion of capital allowed them to enhance their product offerings, invest in research and development, and launch targeted marketing campaigns to reach their target audience effectively. Armed with the support of experienced investors, Watchout Wearables continued to redefine the landscape of wearable technology with their smart solutions for all ages.
Conclusion:
Watchout Wearables' appearance on Shark Tank India Season 2, Episode 2 exemplified the transformative potential of technology in improving the quality of life for individuals across generations. Their successful pitch and subsequent deal underscored the value of innovation and entrepreneurship in addressing real-world challenges and providing practical solutions. As they continued to grow and innovate under the guidance of their investors, Watchout Wearables stood poised to make a significant impact in the wearable technology market, catering to the unique needs of children and senior citizens alike.