WATT Technovations
Initial Ask – Rs. 101 for 2% equity at a valuation of Rs. 5050
About the Company
The company has made a ventillation system for the PPE kits, because the health warriors are facing a lot of problems due to lack of ventilation inside the PPE kits. The device attaches to the back of the person and opens up through a small hole in the PPE kit for innovation. The product is making some sound, because the RPM has to be increased to filter the air, because of which a lot of users may face a lot of problems.
The company will grow beyond this innovation, where the owner wants to identify problems of regular people in real life and find a solution in the tech domain. However, the mindset is very wide and needs to be channeled.
Industry Overview
This is a very Covid-driven industry. Hence, it is very difficult for a business to strive on a single innovation like this. Plus the PPE kits have to provide absolute protection to the workers wearing the PPE kits. And a leakage without an air filter may be a major problem. Plus the hospitals are very strict in regards to the wearables of the workers.
The innovation industry needs a lot of time to grow, and the competition is increasing in every way.
Offers made, and the one accepted:
Vineeta offered Rs.101 for 2%.
Namita and Anupam also offered the same to show their support in the entrepreneur.
Peyush is ready to invest money, but he offered a connection with the entrepreneur, and Peyush agrees to become the first investor in the first innovation that he makes.
Nihaal agrees to give 4% for 101 to have all four sharks except vineeta on-board.