Dhaval and Jayesh Nai founded the firm Mahantam, which creates automated tea glass washers especially for tea vendors along the side of the road. The invention, which can wash 15 glasses in 30 seconds, has attracted a lot of interest from various retailers. Presenting their company, the founders asked for Rs. 30 lakhs in exchange for 20% equity. By doing away with paper cups at tea booths and improving the hygiene of cup cleaning, the founders hoped to protect the environment. Their machine’s small size and straightforward design make it unique. Installing this machine at every tea stand in India is their goal.
Anupam’s business, “Dream Deal,” awarded Jayesh and Daval a grant, which they utilised to build their device. So far, they have sold three units. The first one brought ₹20,000, while the others brought ₹28,000. After receiving input from the first customer, they incorporated both external and interior washing to their new machine, which is now ready for the market. Their original machine only did internal washing. The cost of power to wash 10,000 glasses would be just ₹9. Additionally, they are developing smaller equipment for tea stalls.
Founder: Dhaval and Jayesh Nai
Product: Tea Glasses Washing Machine
Highlights
1. Quick & Effective: Takes about 30 seconds to clean 12–15 glasses.
2. Hygienic: Guarantees safe and sanitised tea consumption.
3. Eco-Friendly: Requires less water than hand washing.
4. Cost-effective: Cuts down on cleaning time and labour expenses.
5. User-friendly: Simple to use even for those without technological expertise.
6. Durable & Portable: Small stalls and eateries can benefit from this compact design.
Pitch Details
Ask: ₹30 lakhs for 10% equity, valuing the company at ₹3 crores.
Deal: After negotiation Anupam Mittal, Vineeta singh, Namita Thapar, Peyush Bansal and Aman Gupta, finished the deal at ₹30 lakhs for 20% equity.
Investors: The investment came from Anupam Mittal, Vineeta singh, Namita Thapar, Peyush Bansal and Aman Gupta.
Conclusion
Millions of people drink tea every day, and Mahantam’s pitch effectively brought attention to the need for improved hygiene in India’s tea booths. The inventors offered a well-thought-out, reasonably priced solution that guarantees efficiency and cleanliness. Given the large number of tea dealers in India, the sharks recognised the product’s potential in terms of market fit. They valued the machine’s public health impact, scalability, and ease of use. An investment that would enable Mahantam to expand production and distribution was included in the deal. This novel product has the potential to establish itself as a mainstay in tea shops all throughout the nation with the correct approach.
