Brainwired, an Indian agritech business, developed WeSTOCK, a ground-breaking livestock health monitoring and tracking system using IoT ear tags and a special ML algorithm to find sick and pregnant animals, therefore providing farmers with timely alerts. This product was shown in Season 1 Episode 19 of Shark Tank India when the Brainwired founders sought 50 lakhs rupees for a 5% equity investment in their business. They also link doctors with the farmers to counsel them on the health and welfare of their animals. Their offering is entirely Made in India.
They have an ear tag, and another gadget called Base that gathers data and sends it to the cloud to process and forward to the farmer’s mobile phone. At the time of the pitch, their squad consists of nine individuals. With a ₹2.5 Crore value, the company attracted 27 lakhs in investment during its first round. Recently at a ₹5.5 Crore value, they raised ₹50 Lakh in another round. Following their second round, they have teamed with Tech Mahindra, Godrej, the Maharashtra government, and others whose founders say explains the ₹10 Crore current valuation. The Indian government also awarded them ₹25 lakhs as a reward.
Company Name: WeSTOCK
Founder: Romeo P Jerard & Sreeshankar S Nair
Product: Livestock health monitoring AI
Highlights
1. Smart ear tags with sensors built in IoT-enabled monitoring constantly track important animal health factors including temperature, heart rate, and movement.
2. Advanced ML systems examine gathered data to find early indicators of disease, pregnancy, or unusual behaviour.
3. The technology uses a smartphone app to instantly notify farmers, therefore allowing proactive health management.
4. Early illness diagnosis and quick response aid to minimize mortality rates and improve general herd health by means of their influence on reduced livestock mortality.
5. Enhanced milk and meat production efficiency for farmers depends on WeSTOCK making sure cattle stays healthy.
6. The simple layout of the user-friendly mobile app gives quick access to tips for improved farm management and animal health reports.
7. By cutting the need for regular veterinary visits, the technologically driven strategy saves farmers time and money.
8. Scalability: The system is fit for small-scale farmers and big dairy or meat production companies since it is built for several farm sizes.
Pitch Details
Ask: ₹50 lakhs for 5% equity (Valuation: ₹10 crores).
Deal: After negotiation Ashneer Grover, Aman Gupta, Namita Thapar and Peyush Bansal, finished the deal at ₹60 Lakhs for 10% equity.
Investors: The investment came from Ashneer Grover, Aman Gupta, Namita Thapar and Peyush Bansal.
Conclusion:
By combining IoT and machine learning technology to actively monitor animal health, WeSTOCK offers a transforming answer for the livestock sector. The ability of the technology to offer real-time insights and alarms helps farmers to solve possible health problems before they become more serious, therefore lowering losses and increasing output. The great pitch on Shark Tank India not only guaranteed the required money for more growth but also underlined the crucial part of technology innovation in updating conventional farming methods. As WeSTOCK develops, it has the potential to define new benchmarks for animal care and greatly boost the agricultural sector.
