In episode 13 of Shark Tank India, a company named ThinkerBell had appeared. This company has developed a device named ‘Annie’. This device is for visually impaired children through that device they can self learn. Annie enables a student to learn to read, write and type braille on their own. Through the companion app, a teacher can monitor the real-time progress of the student, schedule tests and homework. Local authorities can evaluate, analyze, compare and remedy a group of students through the cloud platform. It also helps reading, typing, listening and vocabulary. has lessons, games and stories. Founders of Thinkerbell are Aman, Dilip, Sanskriti, Saif, their existing Revenue is 5 Crore (current year). Next year forecast is 20 crores, existing Investors are Anand Mahindra, IIM, etc. Device price(Annie): $1000/device (mainly targeted at International Markets) and their existing Margin 50%
Their initial ask was for 0.5% for 30L but later got Offer 1: Anupam: 30L for 2% of the company. Got low to 1%, Offer 2: Peyush: 1 Crore for 5% (with an intention to change the model and make it a big revolution), Offer 3: Ashneer wants to pool in with Peyush for a combined deal, Offer 4: 30L for 1% from Namita. Got low to 0.75%. Sharks pitched hard and tried to convince each other to take their respective offers (especially Namita and Peyush). Counter 1 from Founders: 1 Crore for 2.5% equity for all four sharks – Peyush, Anupam, Ashneer and Namita. Shark’s Counter: 1 Crore for 4%. Peyush wanted to give a final offer for 3% (1 Crore) but wanted an instant answer which the founder rejected. Next Counter from Founders: 1.2Cr for 3%. Ashneer got out after this counteroffer from the founders. Final offer: 1.05 crore for 3% of the company (3 sharks – Peyush, Anupam and Namita). At last Got: INR 1.05 crore for 3% of the company from 3 sharks – Peyush, Anupam and Namita.
Did you know that India has largest population of blind people in the world. Meeting Prathamesh (Episode 13, Shark Tank) was a wake up call…he wasn’t born blind, a brain tumour at age 18 months made him blind for life, lot to be done, let’s all pledge to do our bit ! pic.twitter.com/JUEtV4xQRA
— Namita (@namitathapar) January 28, 2022
Recently “Shark” Namita has posted a video, with cute Prathameshs and how he has motivated his team. They had a winsome conversation about self-motivation and how it is necessary for a person to do so. Shark Namita also said that she is happy to invest and become a part of this beautiful journey. We can clearly see the adorable and goofy bond between Prathameshs and Shark Namita.
A post shared by Namita Thapar (@namitathapar)
