Innovation is, according to Sid07 creator Siddarth Gupta, his superpower. Among the 11 inventions his company has produced are three granted patents, two pending ones, and six more under development. They carry tools like the “Drill Duster” to shield you from dust during drilling. Sid sees himself providing the world with original goods that would affect people’s life outside of his own.
Their sales for the last year came to ₹14 lakhs overall, and for the past month they were roughly ₹1 lakh. The sharks questioned the originality of the idea. Ashneer then started berating Sid, pointing out he is squandering his degree and life. Aman claimed to be perplexing. Anupam stated his creations are copycats and that tinkering is more of a lab than a company. That said, he made plans to go out. Vineeta also made plans to leave but valued Sid for motivating others that life exists outside of IIT.
Aman said Sid is not an inventor and self-obsessed, so this is not a business. That led him likewise to choose to walk outside. Peyush asked Sid whether he would be ready to work on the given tasks instead of addressing these unusual ones. Sid agreed to that, hence Peyush provided ₹25 lakhs for 75% stock and the rest as a loan to the business. This offer cannot be changed. Aman stated he would offer 65% of the company the same offer and mentioned Peyush is hiring Sid. Sid considered it awhile before accepting Peyush’s offer.
Sid07 Inventions At Shark Tank India Season 1 (Image: Sony LIV)
Highlights
1. Non-invasive scalp stimulation used in anti-hair fall devices helps to lower hair loss.
2. Specialized Screwdriver Sets: Professional and home usage precision tools.
3. Desk Hook: Clutter-free workspaces’ space-saving organizer.
4. Designed for a cleaner workspace, drill dust collectors gather dust during drilling.
Pitch Details
Ask: ₹47 lakhs for 10% equity (Valuation: ₹4.70 crores).
Deal: After negotiation Peyush Bansal, finished the deal at ₹25 Lakhs for 75% equity & 22 lakhs debt.
Investors: The investment came from Peyush Bansal.
Conclusion:
With their array of creative, problem-solving items meant to streamline daily duties, Sid07 designs delighted the Sharks. Together with other useful items like the drill dust collector and desk hook, the anti-hair fall device highlighted the company’s dedication to easy solutions. Although the products showed great market potential and usability, the Sharks carefully considered elements including scalability, price, and competition. The pitch emphasized the innovative vision of the brand, and even if investment decisions were motivated by different commercial factors, Sid07 Designs received insightful comments and exposure that helped to improve its future expansion plan.
