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India is going to be the next silicon valley with a startup hub. Even there is a lot of traction for startups in this and the next decade as well.
Subsequently, all foreign investors are more likely to do investment in Indian startups. Startup plays a big role to make India “Atma Nirbhar Bharat”.
To support and encourage early-stage startups, the SONY channel has introduced ” Shark Tank India”. This shows gives the startup founder a platform to pitch their ideas. Then the judges who are well-known entrepreneurs of India will make investments accordingly.
This is the first time, that Shark Tank is featured in the Indian version. Basically, Shark Tank is one of the most famous shows in the US. Now, the SONY channel has made a debut in the Indian version.
Since Shark Tank India started features, the show had gone viral. In each episode, many entrepreneurs will pitch their business ideas to seek investments.
In this blog, we are going to portray the startup idea built by the rural boy Jugaadu Kamlesh. Without much financial background, and support he got investment from the Lenskart founder Peyush Bansal.
Let’s tell the story of Shark Tank Jugaadu Kamlesh
Shark Tank Jugaadi Kamlesh KG Agrotech
In the same fashion, Shark Tank India shows judges
- Peyush Bansal ( Lenskart founder)
- Anupam Mittal ( Shaadi.com founder)
- Vineeta Singh ( Sugar Cosmetics founder)
- Ghazal Alag ( Mamaearth founder)
- Namita ( Emcure Pharma founder)
These judges were waiting for the next contestants. Then Jugaadu Kamlesh gave a brave entry to Shark Tank India. Every contestant in the Shark Tank India shows pitch their idea uniquely.
Even Shark Tank Jugaadu Kalmesh gave his visiting card to all the judges. Then he started to tell about his startup KG Agrotech. As he is from Malgoan, Maharastra. His formal name is Kamlesh Nanashaeb Ghumare.
Later, Jugaadu Kamlesh describes the reason for his business idea. As, Kamlesh is from a farmer’s family, so he was keen on his father’s health. Because he was witnessing that his father’s health was deteriorating while spraying pesticides on the farmland.
As a practice, farmers carry over 10 to 15 liters of pesticides tank on their backs to spray pesticides. While spraying with the help of a long pipe connected to the tank, some of the droplets were coming into contact with the eyes, nose, and mouth.
Consequently, many farmers’ health was affected by pesticides. Even Jugaadu Kalmesh’s father’s condition was also deteriorating. Later, his father was contacted with the disease as well.
Jugaadu Kamlesh KG Agrotech
So, Juggadu Kamlesh thought to bring a solution to his father’s problem. Then he went to bring some material to build the Cycle Sprayer prototype.
It was a long process for him to build the prototype. Actually, it took almost 7 years to build the prototype. His solution was incredible, he made a three-wheeler cycler where he made some space to hold the pesticide tank.
Then he connected the tank opening to the cycle handle. So, whenever he cycle in motion, one can easily spray over the farms.
Even the three-wheeler cycle has a tubeless tire to facilitate moving with less friction on the land. Even it can be used for seed dropping as well.
It took the overall cost over 8 to 12k. Even it is affordable to the farmers to purchase the product. Later the product price might come down if he manufactures in bulk.
After the product was built, Kamlesh’s friend ‘Naru’ upload the video on youtube. Then the video got viral with 65 lakhs views. Later, people contacted him to deliver the product. During his journey his friend ‘Naru’ was supportive.
Even some companies approached to sell his product for 5 to 10 lakhs. But Kamlesh did not sell because he had worked for 7 long years. So, he could not just sell his product and lose his ownership.
As the name suggests Jugaad, Kamlesh also had that innovative mindset. Even he could do all the Jugaad for the activities done in the farming.
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Shark Tank Judges investment in Jugaadu kalmesh startup
Shark Tank Judges were happy and astonished for their presentation skills. Each judge was proud of his work and praise him for his efforts. Kamlesh came to ask 30 lakhs for 10% of the equity.
Jugaadu Kamlesh did not start his business yet. So, he could not appeal to the judges with revenue. Since Kamlesh made only one prototype of the product.
Anupam Mittal Shaadi.com founder did not make any investment. Because he could not get any analysis with revenue. But Anupam was proud of Kamlesh’s efforts.
Then Vineeta Singh also suggests he go with crowdfunding sources. In which he can get all the required funding. Finally, Sugar cosmetic founder did not invest in the shark Tank Jugaadu kalmesh startup.
Now, it was Ghazal Alag who was impressed with the braveness and zeal of Kamlesh. She was surprised by the energy and excitement of rural boy Kamlesh. But Ghazal did not invest because the startup did not make any sales yet.
Finally, Namita showed interest in helping Juggadu Kalmesh for his startup growth. Even she ensures to support him with connecting with government agencies and crowdfunding sources.
Peyush Bansal and Shark Tank Jugaadu Kamlesh
Finally, Peyush Bansal was the only Shark Tank judge left for investing. Then Peyusbh asked about Kamlesh his vision.
Kamlesh wants to reach this product to farmers and to solve their problems. Later, he told that he wishes to give employment to his village graduates who did their Bsc and engineering. So, that they can find their job in their native and does not want to migrate for jobs.
Later, Peyush Bansal thought for a while about investment. Even other judges were also too curious to know about his decision. Instead of thinking about the business, Peyush’s decision was influenced by emotion and humbleness.
Finally, Lenskart founder Peyush Bansal gave 10 lakhs of funding and 20 lakhs as interest with 0% commission for 40% of his company. Then other 10% for Naru and 50% for the founder Jugaadu Kamlesh.
Shark Tank India Judge Peyush Bansal was praised for the investment. All the other investors thought about the perspective of business, while Bansal was fascinated with the zeal and humbleness of Jugaadu Kamlesh.
While giving the cheque, Peyush Bansal told that Jugaadu Kamlesh is the ” Hope for many Indians”.
Shark Tank Jugaadu Kalmesh got the funding and he is totally happy. Even while receiving the cheque he touches the feet of Peyush to seek the blessing. Finally, he went out jumping in the air.