Patent safety gadget Magic Lock is meant to improve LPG cylinder security in both homes and businesses. Understanding that LPG is widely used for heating and cooking in India, the gadget meets the urgent demand for efficient safety precautions to stop gas leaks and illegal access. In case of a leak, the Magic Lock technology locks the gas flow automatically and reacts instantly to possible risks. Its simple design guarantees quick installation without need for specialist tools or professional advice. Built from premium brass, the instrument guarantees dependability and durability, therefore providing long-term protection. Including Magic Lock into their LPG systems would help consumers greatly lower their chance of mishaps, thereby guaranteeing a safer surroundings for businesses and families both.
Company Name: Magic Lock
Founder: Tejas Shah, Zubin Dhananjay Bhatt & Dhananjay Bhatt
Product: Gas Leakage protection product
Highlights
1. The gadget immediately stops gas flow in case of a leak, therefore lowering the fire and explosion hazards.
2. It is easily accessible for all homes since no specialized tools or expert help is needed during installation.
3. Designed from premium brass for lifetime and continuous safety performance, durable construction
4. Works with common LPG cylinders used in both home and business kitchens.
5. Affordability: Priced at ₹249, superior LPG safety is reachable to a large audience.
6. Helps stop illegal usage of LPG cylinders by means of prevention of manipulation or abuse.
7. Improved Safety Guidelines: Seeking to reduce LPG-related mishaps, they support a safer cooking environment.
Pitch Details
Ask: ₹1.2 crore for 8% Equity (Valuation: ₹15 crores)
Deal: After negotiations deal couldn’t happen
Investors: NO DEAL
Conclusion
In essence, although the Magic Lock team did not attract funding for their Shark Tank India presentation, their device tackles a major safety issue that is common in many Indian homes and companies. The automatic locking mechanism of the gadget, together with its robust construction and simplicity of installation, help to make it a useful aid in avoiding LPG-related mishaps. Magic Lock could have a big influence on improving safety criteria all throughout the nation by providing a reasonably priced and efficient solution.
