NeoSapien Shark Tank India Season4 Episode6 Pitch1
NeoSapien is an Indian startup that appeared on Shark Tank India Season 4, Episode 6. The company has created a wearable device powered by AI that acts like a second brain. Users wear this device as a pendant, and it records conversations, remembers important information, and sends reminders. The founders asked for an investment of ₹80 Lakhs in exchange for 2.5% of the company, which is valued at ₹32 Crores.
NeoSapien was founded in January 2024. The company’s goal is to create a wearable that records both spoken and physical interactions, connects them, and helps build a second brain. It uses a personalized system that learns and grows with data and voice inputs.
The device gives insights about memories, key topics, and action items from meetings. It can also detect emotions and tone to better understand the meaning of words. Users can use a special feature to pull up specific conversations and personal insights.
NeoSapien users need to give verbal permission for the device to record conversations. The company has made four versions of the device so far. The first version was tested with a laptop to record conversations. In the second version, they added a companion app. The third version improved battery life, now lasting 4 days, and made the device smaller. The fourth version is the one they showed on Shark Tank India.
All the data is stored in the cloud because it needs a lot of computing power. The founders mentioned that their main focus is research and development, and they are working on making NeoSapien a standalone device that can store data locally.
Some other features of NeoSapien include summarizing and organizing information from different meetings, and providing a history of past meetings. The device is also integrated with note-taking apps and emails to make the process easier.
| Release Date | 13 January 2025 |
| Founder | Dhananjay Yadav & Aryan Yadav |
| Business | AI-Powered Locket |
| Ask | ₹80 Lakhs for 2.5% Equity |
| Valuation/ Networth | ₹32 Crores |
| Funding | ₹80 Lakhs for 4% Equity |
| Sharks | Namita Thapar |
| Episode | 6 |
NeoSapien Financials during Shark Tank India?
NeoSapien is priced at ₹14,999. The founders explained that they are targeting leaders to help them become more efficient. The device comes with a 1-year subscription, which includes unlimited transcription and full second-brain features. After the first year, there will be a subscription fee of ₹850.
The founders aim to make ₹16 Crores in revenue within the first 18 months after launching. They also expect the company to make ₹85 Crores in revenue over the next 5 years.
NeoSapien Shark Tank India Deals Discussion:
Dhananjay Yadav and Aryan Yadav founded NeoSapien. Dhananjay was part of the early team at Razorpay and led customer acquisition at several brands. He was also a founding member of Livspace and Homelane.
Aryan studied engineering at IIT Madras and created a new AI system for detecting brain tumors.
Founder of NeoSapienr
Dhananjay Yadav and Aryan Yadav started NeoSapien. Dhananjay was one of the first team members at Razorpay and led customer acquisition at various brands. He was also a founding member of Livspace and Homelane.
Aryan studied engineering at IIT Madras and created a new AI system for detecting brain tumors.
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TRIPOLE Shark Tank India Season4 Episode6 Pitch3
Tripole is an Indian startup that appeared on Shark Tank India Season 4, Episode 6. The founder explained that the company focuses on three main things: Utility, Durability, and Affordability. The goal is to make Tripole a one-stop shop for outdoor enthusiasts. The founder asked for an investment of ₹1 Crore in exchange for 1% of the company, valuing it at ₹100 Crores.
Tripole’s main product is the Walker Pro metal frame rucksack. It has extra points to easily access items, space for accessories, and a hydration bladder. The rucksack also has an internal frame system for better back support. It comes with a 5-year warranty and is priced affordably.
Tripole was started in 2017 in a small room and has since grown to two factories. The company makes products like rucksacks, apparel, sleeping bags, travel accessories, and backpacks, all produced in-house.
In the first two years, rucksacks made up 100% of Tripole’s revenue, but now they contribute about 70% of the total revenue. At the time of their pitch, the company had 250 products. About 20% of their sales come from international markets, while the rest come from India. In India, 68% of revenue comes from online marketplaces, and the rest comes from offline sales.
| Release Date | 13 January 2025 |
| Founder | Rohan Khanduja |
| Business | Outdoor Brand |
| Ask | ₹1 Crore for 1% Equity |
| Valuation/ Networth | ₹100 Crores |
| Funding | ₹75 Lakhs for 1.15% Equity & ₹25 Lakhs at 9% Interest for 5 Years |
| Sharks | Ritesh Aggarwal |
| Episode | 6 |
TRIPOLE Financials during Shark Tank India?
Tripole ended their last financial year with a revenue of ₹14.2 Crores and made ₹11 Crores a month before that. Over the last three months, they’ve been averaging ₹1.6 Crores per month. The founder expects them to finish FY24-25 with ₹20 Crores in revenue.
The average order value for Tripole is ₹1,525. For their unit economics, 53% of the revenue goes to the cost of goods sold (COGS), leaving them with a 47% gross margin. 29% of their revenue goes to marketplace commissions and fees, 9% is spent on advertising, and 3% goes to overhead costs. This leaves them with a 6% EBITDA. The company has been completely bootstrapped.
Tripole has an overdraft limit of ₹1 Crore, which they use as needed for the business. The founder started the company with an initial investment of ₹15 Lakhs. The company also has a significant price advantage over established brands like Decathlon, which holds most of the market share in this category.
TRIPOLE Shark Tank India Deals Discussion:
Namita was the first to make an offer. She gave the entrepreneurs two options: either ₹50 Lakhs for 1% equity and the rest as debt at 9% interest for 3 years, or ₹1 Crore for 1.5% equity with 1% royalties until she gets her investment back. Aman dropped out because he thought the company was valued too highly.
Anupam dropped out because he didn’t see anything unique about the products. Ritesh offered ₹60 Lakhs for 1% equity and ₹40 Lakhs as debt for 5 years at 9%. Kunal liked the entrepreneur and offered ₹3 Crores for 7.5% equity, valuing the company at ₹40 Crores.
Rohan took a moment to think, then came back with a counteroffer: ₹3 Crores for 4% equity, valuing the company at ₹75 Crores. Kunal rejected the counteroffer and stuck to his original offer. Ritesh changed his offer to ₹75 Lakhs for 1.15% equity, with the rest as debt at 9% interest. Namita matched Ritesh’s offer. The founder accepted Ritesh’s offer, and they shook hands on a ₹65.22 Crore valuation.
Founder of TRIPOLE
Rohan Khanduja founded Tripole. He studied engineering at BITS Pilani, KK Birla Goa Campus. He is also a chartered financial analyst and worked in investment banking at JP Morgan.
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