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JARSH Safety at Shark Tank India

1/21/2025

JARSH on Shark Tank India

Sharks:

  • Ritesh Agarwal
  • Peyush Bansal
  • Anupam Mittal
  • Namita Thapar
  • Aman Gupta

Company Overview

Company Name: JARSH
Founders: Sreekanth Kommula, Anand Kumar, Kausthub Kaundinya
Location: Hyderabad, India
Website: jarshsafety.com

JARSH is an innovative company focused on solving safety challenges with cutting-edge technology. The founders, college classmates, established JARSH to address critical safety concerns in occupational environments.

Founders’ Pitch Quote:

'Every year, 25 lakh people lose their lives worldwide due to occupational accidents and related diseases. To solve this problem, we brought JARSH, a company dedicated to innovative safety solutions.'

Ask:

  • ₹50 Lakhs for 1% Equity

Products:

  1. ActivCooling Helmet

    • Protects from heat stress using patented technology.
    • Operates with a solid-state cooling module and internal battery (2 hours), with an external battery option (10 hours).
    • Used by 5+ traffic police departments and multiple industries.
    • Certified as per Indian Standards (IS) and European Conformity standards.

  2. SmartVolt

    • A non-contact voltage detector that alerts workers about electric shocks via electromagnetic field detection.
    • A lifesaving tool for linemen, who face significant risks from electrocution.

  3. LineSense

    • Monitors tension/stress in fixed line systems to prevent accidents caused by loose or tight lines.

Sales and Financial Overview:

  • FY 2023–24: ₹1.5 Cr revenue, ₹10 Lakh loss
  • FY 2024–25 (Projection): ₹6–7 Cr revenue, ₹90 Lakh–₹1 Cr profit
    • ₹3–4 Cr projected sales from ActivCooling Helmets
  • FY 2025–26 (Projection): ~₹15 Cr revenue

Product Pricing:

  • Competitors’ helmets: ₹200–₹400
  • JARSH helmets: ₹10,000–₹17,000
  • ActivCooling Helmet manufacturing cost: ~₹4,200 (can scale down to ₹3,500)

Equity Split:

  • Founders: 56%
  • Angel Investor: 18%
  • ESOP: 4%
  • Other Investors: 22%

Fundraising History:

  • Jan 2022: ₹1.1 Cr at ₹4.5 Cr valuation
  • Feb 2023: ₹1.5 Cr at ₹13.5 Cr valuation
  • May 2023: ₹4 Cr at ₹30 Cr valuation
  • Total Raised: ₹6.6 Cr
  • Money in Bank: ₹3.5 Cr

Sharks' Feedback and Offers:

Anupam Mittal:

  • Praised engineering and design but pointed out weak sales, marketing, and distribution.
  • Opted out of the deal.

Peyush Bansal:

  • Initial Offer: ₹1 Cr for 5% Equity.
  • Revised Offer: ₹1 Cr for 3% Equity.
  • Commended the founders for their humility and honesty.

Namita Thapar:

  • Initial Offer: ₹50 Lakhs for 2% Equity + 1% Royalty until ₹50 Lakh is recouped.
  • Revised Offer: ₹50 Lakhs for 1% Equity + 1% Royalty until ₹50 Lakh is recouped.

Ritesh Agarwal:

  • Offered ₹1 Cr for 3% Equity.
  • Suggested co-branding opportunities with OYO.

Aman Gupta:

  • Initial Offer: ₹50 Lakhs for 2% Equity.
  • Revised Offer: ₹50 Lakhs for 1.5% Equity.

Final Deal:

The founders chose Aman Gupta's offer:

  • ₹50 Lakhs for 1.5% Equity.

JARSH stands out as a company addressing critical safety challenges with innovative products, setting a benchmark for engineering excellence in the safety industry.

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