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In this ongoing digital revolution, smartwatches are one of the emerging technologies. Now with smartwatches, one can receive calls, and look into heartbeat, Pulse rate, and much other stuff can be done.
These smartwatches are mostly suitable for adults. Even the prices of smartwatches Start from 5,000 to 20,000.
Using this smartwatch Technology, Abishek Baheti started the “Watchout Wearables” startup which is oriented towards the safety of children.
So, this smartwatch startup Watchout Wearables in Shark Tank India Season 2 is seeking 2 crores for 5% of the company. They are rising funding evaluation of 40 crores.
Watchout Wearables in Shark Tank : Startup Story
In every entrepreneur’s life, there will be a tragic situation. Likewise, the founder of watch out wearables Abhishek Baheti went through tragic events.
In 2008, a tragic event happened in his aunt’s family. There was a short circuit broken in the house and all of a sudden there was a fire all around. There were four family members Divyajeet Bhaeeti, his sister, his father, and his mother.
But unfortunately except for Divyajeet Baheti and his mother, the rest all ended their lives in the tragic event. So this tragic event was not easy for Abhishek Baheti to digest.
Eventually, it become an inspiration for him to start ” Watchout Wearables” in 2021. This smartwatch helps parents to know about their children’s location. So that parents can be informed about their child’s safety.
Even the upcoming product is also for elders. Where elder’s movement can be monitored by their children.
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Watchout Wearables Smartwatch features
This Smartwatch startup Watchout Wearables came into the market in 2021. It has got great demand because of its unique features like
- GPS Tracker
- Video and audio calls
- It has a front camera with 0.5 MP
- In-built object detection
- First SIM-inclusive Smartwatch
- These smartwatches have elevated edges to just protect the screen.
- These smartwatches were made up of breathable soft Silicon material
- Watchout Wearables Smartwatches have an SOS button to give signals in an emergency to their parents.
- Battery Capability: 580 mAh
- Standby Time: Up to 2 days
- Phone Call: Up to 6 hours
- Music Playback: Up to 10 hours
- USB Charging: 5V, 1A
- Storage: 4GB
- Product Weight: 53g
- NANO SIM Card
- Positioning: Wi-Fi, GPS, A-GPS, GLONASS, LBS tracking
- Connectivity: LTE, GSM, WCDMA, WiFi, GPS, Bluetooth
- Microphone and speaker support
- Bluetooth support for music
- Data transmission in networks 1/3/7/8/20, Dual Band 3G: 900/2100, Dual Band 2G: 900/1800
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Price of Watchout Wearables Smartwatches
The Smartwatches price range starts from 12,000. But the price range was expensive according to the Shark Tank Judges.
However smartwatches are for children, so it will be doubtful that parents could afford these smart watches for their children.
Revenue
This Smartwatch startup Watchout Wearables started its operation in 2021. During its first financial year 2021-2022, it made 1.1 crores of revenue.
In the next financial year 2021-2022 made 1.4 crores(till Sep 2022). In the last month (Sep 2022) it made sales of 30 lakhs.
So its revenue is increasing significantly and also it has a net margin of 25%. And the total EBITA is 35%.
These smartwatches are built in a 300 square feet factory.
Investment in Shark Tank India Season
Watchout Wearables startup got the investment from Anupam Mittal and Vineeta Singh. The final offer was 1 crore for 10% and another 1 crore as a loan of 15% interest.
So finally, Shaadi.com founder Anupam Mittal and Sugar Queen, Vineeta Singh became investors in Watchout Wearables.
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Watchout Wearables Smartwatches Review
These are the reviews given in the Youtube comment sections
User 1 Review for Watchout Wearables in Shark Tank Startup
“Bhai humne buy Kiya tha watch lekin battery bohot issue hai inke product mei agar shark tank Wale scrutiny kare toh company ko funding nahi hogi warranty card bhi nahi dete ye log or 10 days ke baad battery charge nahi hoti hai isliye WORST PRODUCT HAI”
User 2 Review Watchout Wearables in Shark Tank Startup
“Bhai. Maine kharida. Agar monthly subscription hota to nehi karid ta. Monthy SIM recharge bhi lagta hey bhai kab ” yahan Badi
Yah movie
User 3 ReviewWatchout Wearables in Shark Tank Startup
“GPS ka accuracy false hai WORST PRODUCT HAI YE, or watch Mei battery charging ka bohot issues hai battery charging ruk jata hai, agar shark tank wale watchout company ka scrutiny karle toh company ko funding nahi hog”
User 4 Review
” Es product ko humne use Kiya tha, watch Mei Jo specifications hai agar company ka scrutiny ho Jaye toh company ka funding cancel ho jayega, bilkul best accha product nahi hai GPS ka accuracy thik nahi hai or battery Mei bohot problem hai 10 days ke baad battery charge Lena band ho jati hai or box Mei warranty card bhi nahi hai, DON’T BUY THIS WATCH”
Top Googled Question on Smartwatch Startup Watchout Wearables in Shart Tank India
1) Who were the investors in Watchout Wearables in Shark Tank?
Anupam Mittal and Vineeta Singh made investments of 2 crores for the equity of 10% and 15% loan.
2) What was the revenue of the Watchout Wearables Startup?
This startup was started in 2021, in that financial year it made a business of over 1.1 crores, and also in 2022-2023 it made revenue of 1.4 crores (till Sep 2022). Even the net margin was around 25% and EBITA was 35%.
3) What were its monthly sales?
This startup was making 20 lakhs to 30 lakhs per month.
4) Who is Abishek Baheti?
He is the founder of the Watchout Wearables Startup. He completed his MBA at SMSR University Pune. Also, he is a gold medalist in chemical engineering at Sardar Patel University.
5) What were the three main features of Watchout Wearables Smartwatches?
The three main features are Safety, connectivity, and Curiosity.
6) Watch out Wearables camera quaity?
According to its official website, the front camera is having 2 MP.