A business that provides a waterless washing machine solution presented the Sharks with their creative idea. In contrast to conventional washing machines, the company has created a washing machine that employs a specialized solution to clean garments without the need for water, thus lowering water use.

Company Name: 80 Wash

Founder: Virender Singh, Nitin Saluja, Rouble Gupta

Product: Waterless Washing Machine

Highlights

• When introducing the product, the creators asserted that the 80 Wash machine employs a special liquid solution that efficiently cleans clothing without the need for water. They emphasized its environmentally beneficial features and how it helps with the growing problem of water scarcity.
• The entrepreneurs talked about the market’s potential while pointing out that water shortage is a pressing issue worldwide, particularly in areas with heavy water consumption. They claimed that their device may completely change the way people wash laundry, saving time and water, and particularly helping areas that have water scarcity.
• It failed in demo even after 2 Attempts.
• Some Sharks questioned the market demand for such a product and whether customers would adopt the new technology over traditional washing machines.
• The Sharks were uncertain about the robustness and long-term sustainability of the proprietary technology, especially in comparison to established competitors in the home appliance industry.
• After evaluating the pitch and voicing their concerns, none of the Sharks decided to invest in the company. The primary reasons for the decision were uncertainty around market acceptance, lack of scalability, and the unproven nature of the technology.
• Aman even asked founders to do something else instead of making the waterless machine which failed in demo.

Pitch Details

Ask: ₹ 1 Crore for 2.5% Equity

Deal: No Deal

Conclusion

Even though 80 Wash has a novel idea and might provide a long-term answer to the world’s water crisis, the business was unable to close a transaction in this Shark Tank India episode. The Sharks decided not to invest because they had doubts about the product’s long-term sustainability and market feasibility. Though it might require more development, evidence of demand, and more robust technology before it can thrive in the cutthroat market, the creative solution to a significant environmental issue has the potential to upend the sector.

Significant findings

• Unproven Technology
• No Deal
• Important Lesson
• Zero Invention

Key Takeaways from the Episode

1. Entrepreneurs with strong negotiating abilities, such as Turms Intelligent Apparel, were able to close deals by communicating clearly and boldly answering the worries of investors.
2. As demonstrated by Mintree’s success in obtaining an investment, the episode emphasized the significance of showcasing significant growth potential, whether by market validation, robust product demand, or creative business concepts.
3. Investors who are interested in funding companies that have a positive social impact were drawn to the products and solutions that a number of entrepreneurs offered since they not only addressed business needs but also attempted to address pressing issues (such as body care and water conservation).
4. Some business owners, like 80 Wash, were unable to close sales despite having creative ideas because of a botched demo.