Shark Tank 3: AI is the necessity of today and tomorrow, seeping into the fields of education, science, and commerce. The technological advancement justifies the many AI-based products pitched in the latest season of Shark Tank. From AI-flying drones to AI-based cooking assistance appliances, these have been the most eye-catching and innovative AI technology-based products pitched to the sharks in season 3 of Shark Tank India.
Upliance AI is an AI-based home appliance brand founded by Mehak Mody and Anupam. The entrepreneurs pitched their AI-cooking assistance appliance that took 30 minutes to cook Kadhai paneer. Though one of a kind, the product could not interest the shark for a pitch asking Rs. 1 Crore for 1% equity. Shark Peyush Bansal offered Rs. 10 Lakhs at 0.5% equity which the duo declined. Even though the entrepreneurs did not crack the deal, the on-air promotion of their products gave them wide marketing.
Sports and Training meets AI and ML for the better. Hyperlab is a sports technology-based company based in Gujrat founded by Hitarth Parikh and Chahil Patel in 2021. Helios by Hyperlab is a product based on the Artificial Intelligence and Machine Learning algorithm capable of supporting athletes with real-time analytics with the help of laser projection technology. It is designed to enhance the training experience by tracking the user’s progress and offering a routine based on their workout and future potential.
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Helios came with an ask of 10% for 1% equity and stamped a deal with Shark Aman Gupta with Rs 25 lakh for 1% equity.
AI Kavach is an AI-based digital fraud protection platform founded by Pratyusha Vemuri and Girish Nagavarapu, headquartered in Hyderabad, India. The founders approached Shark with an ask of Rs. 50 lakhs for 1.25% equity, and managed to get Sharks Aman Gupta and Peyush Bansal at an offer of Rs. 1 Crore for 2.5% equity and 2.5% Advisory Equity.
AI Kavach aims to offer a solution to the digital audience spending most of their time on internet sites, prone to frauds readily.
Harshal Mahadev Nakshane, the creative genius behind the innovative AI car created with a blend of automotive technology and hydrogen technology. The founder pitched the sharks an ask of Rs. 2 crore for 4% equity. The sharks enjoyed a test drive of one of a kind car but were not convinced enough to seal a deal with any offer.
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As the show further unfolds there will be anticipation for new innovations based on AI or ML can approach shark for a business.