Thinkerbell Labs Shark Tank

Thinkerbell Labs Shark Tank: What Happen to Thinkerbell Labs in Shark Tank?

The Story of Thinkerbell Labs

In India, one out of every thousand children is born with a disability, and these kids have a far more difficult time in school because of their condition. The United States also has a ten percent literacy rate.

Annie, developed by Thinkerbell Labs, is the first Braille literacy device that can teach itself, can be operated remotely, and can read standard print. This tool can make the sound in a warm and inviting way, and it can be used to teach braille in a variety of regional languages.

By utilizing Annie’s Helios ecosystem, parents may monitor their child’s growth and development over time. One can improve their literacy skills (reading, writing, typing, and vocabulary) by utilizing this device.

Games, education, and entertainment are all available to Annie. The group operates under the unifying principle that technology should be used for social good.

Those between the ages of 4 and 15 can utilize the gadget. The use of this tool has been shown to enhance mental growth. A young child also showed up to provide a demonstration of Annie.

Prathmesh, a Tinkerbell ambassador from Pune, won over the hearts of the panel of sharks and Anupam Mittal invited him to sit in on a panel with them.

In the Indian version of a shark tank. In his YouTube channel Banter With Chetan, 11-year-old Prathmesh talks about his time on the Indian version of Shark Tank.

Income and Productive Activity

The sum of the agreement with an American firm is between $12 and $13 billion. Approximately 700 Annies are shipped to the United States every year. It’s commonly referred to as Polly in the United States.

They have received funding from numerous well-known individuals and organizations. The price placed on the business is 60cr. The wholesale cost of an Annie is 70,000.

Thinkerbell Labs Shark Tank

The sum of all of their income is 5 billion. Their next year revenue aim is 20 cr.

Also Read: Shark Tank Season 2 India Judges: Registration Process, Judges Name and Release Date & Timings

Inquiries from Thinkerbell Labs’s pitchers

The business owners make an approach and demand I invest 30 Lakhs for 5% equity.

Shark Tank India’s Prathmesh Gives an Exclusive Interview

Counter offers for Thinkerbell Labs

The initial offer from Anupam Mittal was for 30 million rupees in exchange for 2% ownership in the company. Peyush is offering 1 C$ for 5% stock or 30 L$ for 1%. Namita initially offered 30 L for 1% stock but was met with a counteroffer of 30 L for 0.75% equity.

To accommodate all four sharks, the company’s owners made a counter offer of 1cr for 2.5%equity.

Anupam, Peyush, Ashneer, and Namita, the original four sharks, countered with an offer of $1,000,000 for 4% equity. In the meantime, shark ashneer, please retreat.

Last Bid for Thinkerbell Research Institute

The ultimate agreement was for 1.05cr and 3% equity with the three sharks Anupam, Peyush, and Namita.

It’s Carragreen, Number Two

The owners are Surabhi Shah, 32, and Chetna Shah, 52, a married couple from Indore, the cleanest city in India.
Surabhi graduated with an MBA from IIM Bangalore.

Associated with Enterprise Carragreen

Most common household items are composed of plastic, and when we use them to store hot foods, we unknowingly ingest microplastics along with the food. This is a major contributor to human cancer.

The amount of plastic used to make cutlery, dinnerware, and other disposable items is about 200 metric tonnes annually.

Caragreen, which manufactures carra boxes with the mantra of reuse, reduction, and recycling, was thus launched to cut down on plastic usage.

Simply cutting along the perforated dots, this enchanted box becomes a plate and spoon.

The board used to construct the box is safe for consumption.

Its mission is to reach all food delivery services.

Hladiram’s, Balaji Food, and three more are only a few of their five major clients.

Gross profit and Sales Carragreen

Thinkerbell Labs Shark Tank

The cost price is roughly 11.5 rupees and the selling price is rs 15.

Most 4 to 5 lakhs spoons are sold throughout the last month which produces a net profit of rs 80k to 90k rupees. They possessed the prototype but had not yet begun selling the box. A demonstration version is now available.

Carragreen’s requests from the pitchers

Sellers wanted 50 million for a tenth of the company’s ownership.

Make Carragreen an offer they can’t refuse

Anupam and Peyush make a counteroffer of 50 lakhs for 25% ownership. It’s a rebuttal from Chetna and Surabhi, who offer 12 percent equity for 50 lakhs.
A bid of 50 lakhs is met by Anupam and Peyush for 20% ownership.

Presenting Carragreen’s Last and Final Bid

Anupam and Peyush closed the agreement for 50 million rupees in exchange for 20 percent of the company.

(3) The Yarn Market

Pratik Gadia is the owner. He hails from Mumbai.

Also Read:What Happened To Falhari In Shark Tank? After Getting The Offer of 50 Lakhs From Shark Vineeta!

About Yarn Bazaar

The mission of Yarn Bazaar, a comprehensive business-to-business (B2B) marketplace, is to bring order to the chaotic textile industry.

The textile industry has advanced with the help of contemporary technologies, yet marketing, advertising, purchasing, and sales remain the backbone of every business.

This marketplace is a one-stop shop for all your yarn trading needs. The textile industry’s biggest problem is its erratic supply chain, which has a negative impact on both the top and bottom lines.

Similar to the textile sector, where keeping up with numerous suppliers’ costs is essential, and where settling on a single price can cause delivery problems.

A buyer can send a message outlining their requirements, and the company’s staff will respond with a quote directly within the app. From there, the buyer can choose the product(s), the quantity (if any), and the delivery location.

They helped white-label the yarns that were produced by smaller factories, collaborated on the creation of new goods, and possessed knowledgeable in-house teams.

Income and Productive Activity

They began doing business in 2019 right before the covid and have already closed 212 crores in transactions with full prepayment. The company made Rs.15 lakhs in revenue last month, which is roughly 1.5% of the 10 crores in transactions that were conducted over the same time period.

About 1300 transactions have been completed with no unfulfilled commitments from either the buyers or the vendors.

Yields to Yarn Bazaar’s pitchers’ pleadings

The business owners make an approach, requesting Rs. 50 lakhs in exchange for 2% equity.

Yarn Bazaar: Accepting Best Offers

Anupam, Peyush, Ashneer, and Aman, the “sharks,” all made a combined offer of 1cr for 10% stake in the company.
A counteroffer of 1.25cr for 10% ownership was made by Pratik.

Last chance bid for Yarn Bazaar

All four sharks contributed 1cr in exchange for 10% ownership in the business.

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