In Shark Tank India Season 3, there's a special exam.
To pass it, there are some special pitchers, students.
This is great too.
Greetings, Sharks. My name is Vikrant Subhash Pawar.
I'm 20 years old.
My name is Gaurang Gadia. I'm 21 years old.
I'm 24 years old from Ajmer, Rajasthan.
We are students of Delhi University.
- Just the name is enough. - [chuckling]
Along with India's future,
the next two episodes of this season lie in their hands.
#socute.
I'm pursuing a diploma in executive MBA from Stoa.
I'm a third-year B.Com Honours student of Ram Lal Anand College.
My college supports me a lot in my entrepreneurship journey.
We will work hard today and bring results tomorrow.
So, we work in the metro in morning and in evening, we focus on our busin
Salute!
The students of India will be here.
These students are the foundation of the new digital India.
College and campus are places
where our ambitions, aspirations,
hopes take a leap.
Today's students will make history
in the near future.
- What are you saying? - Model Verse
is an advanced artificial intelligence platform.
From Rs 2000 to Rs 1 crore revenue, you've made it so far.
All on your own merit. That's fantastic.
If I place a bet, who should it be on?
- On us. - Why?
In four months, we converted an idea to reality.
Within 1-2 months, we brought in investors and celebrity ambassadors.
And today we're on Shark Tank.
Very good.
When I was building this bike,
the shooting of Shark Tank had just begun.
I used to dream at night
that I will go to Shark Tank...
- You made your dreams come true today. - Yes.
When you desire something, the universe works for you.
The country will see that our next generation
has so much potential and drive.
It will bring a wave of optimism about India's future.
So, I think it's a great idea, a great initiative.
Just looking like a wow.
[music playing]
I'm 21 years old.
I don't drink.
But drinking sugary mocktails there gave me a bad trip.
The bottle made me sure that something is sus.
There's one thing in common.
That is empty calories in the form of beverages.
So we decided to create something
that can complement our daily lifestyle
and be guilt-free at the same time.
We started FOMO in the third year of college.
Whichever category has flavoured sugar dominant products,
- BT? - British Telecom.
- No. - [chuckling]
- I don't know BT. - It's Bad Trip.
What?
Bad trip.
And what is sus?
- Sus is suspicious. - Suspicious.
Good to see you guys.
Where in DU were you?
Hansraj College, Hindu College.
We started in the third year of college.
We're very fond of iced teas.
So, when we went to the market, we realized that
- iced teas have no tea in them. - What?
So, we saw this big gap and then Covid happened.
People want to consume better.
So, iced teas are a great option.
Because it has tea, antioxidants.
We decided to sweeten it with honey and Khaand.
We made samples at home and took it DU.
When we felt that it's good
we started it.
So, you're in law college now.
- I'm in NLU, Bengaluru now. - And you?
I'm pursuing executive MBA from Stoa.
It's remote. We have live classes.
So, you're not doing anything full-time now.
- I... - We're doing FOMO full-time.
But why are you pursuing law then?
Because when we started,
and were doing partnerships, we thought
that we'll do partnerships with the biggest players.
We had fallouts in between.
So, we learnt that law can prove to be useful in this situation.
If I want to study something,
because family wants you to do something after college.
We decided to build a big business.
In 2-3 years, education won't be possible.
If I can pursue a subject now, then let it be law.
Good.
- Can I give it for tasting? - Yes, please.
Please. That's the main thing.
Peach is our best-selling flavour.
[music playing]
Ah! Very refreshing.
Very nice, bro.
- Good job. - Thank you.
Only berries and mango.
- Okay. - Isn't it expensive?
As per Zomato trends, the most selling beverage in India
- is iced tea worth Rs 100. - Oh?
- Iced tea. - And you're okay with that.
Yes. We recently launched pre-mixes.
Rs 35, single serving.
- But a large serving. - Large serving.
300 ml bottle.
- Lesser size. - Lesser size. 200 ml.
Oh.
Tell us about the finance. What about the sales,
So, the reason is that post May,
we had a major client from HoReCa,
To survive, we had to downsize it.
We had to let them go.
Who has invested in your business?
Rs 30 lakhs has been invested in total.
Did you save so much?
It was not all ours.
Rs 4-5 lakhs were ours. We borrowed the rest from our families.
- Family. - Yes.
- Okay. - Once the consumer pull came,
we decided to raise through family and friends
and started it.
So, how much equity did you give?
It's on convertible note now.
We haven't converted it yet.
40 per cent discount on next round.
- Yes, I mean that. - Exactly.
Explain your channel-wise distribution.
In September, our EBITDA became positive.
Our EBITDA was between 1 and 1.5 per cent.
The valuation in your original ask...
A business worth Rs 40 lakhs is valued at Rs 8.75 crores.
What's the logic?
The simple reason is that the accounts so far
does not have a single penny towards distribution.
So, our rough MRR of Rs 3.5 lakhs
We can open that up.
The business is stifled by the working capital.
The demand is being generated.
But we're not at accessible points to cater to the pull.
We haven't been able to get into MT, Q-commerce
because we don't have working capital left for it.
The dip from 4.4
we grew back from there.
The slight dip in October...
Since 70 per cent of our business comes from Delhi-NCR,
Got it. Tell me something.
- Economics is your subject, not marketing, right? - Yes.
But your packaging is good,
the vibe, and branding is good.
Did you do it yourself or hire someone to do it?
These days, we have AI available.
There's Canva.
There are videos available on YouTube.
I learnt it slowly. That's how we saved money.
When we have less money to start up,
that we want to do business, so give us some money.
We need something to show.
This character that you've created,
is it on all your packaging as it's missing on the bottles?
It's not on the bottles as that was our first product.
Is he your friend?
No, it's a smart AI prompt.
Hold on. There's a different character on the red one.
Right. Peach iced tea. Correct.
So every flavour will have a different character?
You can check out the milk mixes packaging on top.
What do you mean by milk mixes?
What is that?
It's what you can mix in milk and give to kids.
It's a big market.
And there's no disruption for a long time.
For ages, it's been Bournvita, Horlicks,
Boost that's being fed to kids.
Aren't you creating confusion?
Why are you even getting into this?
In India, generally, adults drink iced tea.
Because it has caffeine.
And this product
is more like a supplement for kids.
It's not a supplement for kids.
So, our idea of creating an umbrella,
in the categories where flavoured sugar is dominant,
we want to aim for that category.
It won't work that way.
80 per cent of the food industry
is sugar-loaded.
Will you get into every segment?
No, we're saying that majorly, beverage segment.
And also categories that can align with our supply chain.
We want to diversify into that.
But won't it be better
to create segments according to your customers?
The segments are as per the consumer's preference too.
Because we get good feedback on our iced teas.
- Parents send videos of their kids. - Okay.
Our products are supplied to British School
and we have received a great response there.
Kids drink it a lot.
There's caffeine in it.
So, before the deal with British School,
the board was apprehensive of the same thing.
That it must have high caffeine content.
After they had approved and done tests on the students,
made them taste it, only then our products made it to their canteens.
You're here to raise Rs 35 lakhs.
How will you use that money
and what resources will you build
to make your business successful in the future?
So, out of Rs 35 lakhs, Rs 10 lakhs
can generate an ARR of Rs 2.5-3 crores.
And we're not accounting the milk mixes right now.
Okay, Coca-Cola is entering this segment.
It was recently announced.
So how will you compete with such a big giant?
Firstly, our market validation has been good.
If Coke finds a trend here,
then we have started something right.
Honestly, the brand that Coke is launching
has been available in the US since 2000.
Twenty-three years later, Coke is bringing it to India
due to the rising trend.
Launching a new beverage is a slow process for a big giant.
We want to be the cheetahs in the jungle of elephants.
Why are they not competing with a Complan or a Horlicks?
I don't know much about Coca-Cola.
But similar brands like Lipton,
it's a combination of PepsiCo And HUL.
It's their brand.
Hmm.
The cost of the product is Rs 25.
for Rs 100
then I've never seen anybody sell it for 20x.
Why did you do it?
Let's start with HoReCa. They don't keep plastic bottles.
The Lipton plastic bottles won't be found at
- HoReCa. - The answer is, Avik and Gaurang.
Since your business depends on HoReCa as of now,
you're doing what they're asking for.
You're not being true to your consumer proposition.
But somewhere, I feel that your strategy is wrong.
If you want to venture into such a product,
an aspirational or premium product,
then my suggestion is
you need to re-evaluate.
And you should focus entirely and exclusively
on quick commerce.
Once you reach that scale, you can venture into it.
- We agree with this. - Okay.
Pre-mixes and spout packaging
will be 200 ml, 150 ml package
that we can sell for Rs 25-30.
And on Q-commerce channels,
to crack the sales and swim in that ocean, we need Sharks.
Avik, Gaurang, I like you guys.
You have the potential to learn.
I think you're adaptable.
The best part is that
after this conversation with you, two things are clear.
Firstly, I feel that you guys have experience.
You're seasoned players.
You have hustled.
You have learnt quite a bit.
You listen and take feedback too. You're open to it.
I feel that we can build something together.
We can set it in a direction
that's differentiated
where it can take a position and capture the segment.
So, on that basis, I'll make you an offer.
I will give you Rs 35 lakhs that you asked for.
At Rs 5 crores valuation. So, it's 7 per cent equity.
Thank you for your offer, Anupam.
Ritesh and I are going to match Anupam's offer.
We have a few initial hotels.
We've just started marketing it. It's an upmarket chain.
We will start there
and if it works well, we will try to bring it into our broader network.
For me, associating with you,
is a matter of joy because I think you're where
I was when I was 19-20 years old.
The biggest help that you need is,
how to scale,
and how to become profitable.
And let me tell you,
I have experience with scale and profitability.
Everyone here has experience.
Enormous profitability.
I believe I can guide you in this area.
We bring very good skill sets.
That is not where your problem lies.
Your existing challenge is product-channel fit.
[tense music playing]
- I have an offer for you. - Oh my!
I will give you what you asked for, which is Rs. 35 lakhs
for 7%.
We will work to grow your business.
There are a lot of gaps in costing and so on, which can be improved.
I am betting on both of you. Both of you are solid.
Too good.
Aman!
What will you do, Aman?
I am confused. I like their energy. They are nice people.
- They are solid. - The founders are good.
- I really like you guys. - They are doing something.
If not this, you could do something else also.
I believe it will be fun to associate with you.
That was my thesis. Join us.
or come close to it?
We can't do that.
Here's our last offer. Tell us quickly.
If you could add some more capital and equity
- and arrive at a similar valuation. - Just decide already.
Could we step outside and discuss this?
Sure, go on.
Remember one thing.
You'll get a strong distribution network in the country.
Your product is good.
- We'll discuss this quickly. - Sure, discuss it.
Good founders.
- You feel energised when you meet such kids. - Amazing.
What do you think?
- Aman! Anupam! Deal done. - All right.
He said hood.
Hood means a gang.
- Gang. - Now, we're a hood, bro.
- FOMO in the hood. - FOMO in the hood, bro.
No more FOMO now.
[camera shutter clicking]
Remember the new one. JOBT.
Joy Of Being Together.
Yes!
[music fades]
[theme music playing]
[theme music concludes]
- Hello, Sharks. - Hello.
over 80% of Indian businesses
are not able to launch their products in the market.
Why? This is because the existing method
of producing high-quality images of those products
first of all, you'll need to approach a modelling agency.
They'll hire a model as well as a photographer.
They'll take you to a location.
It will take 30 to 45 days by the time you get the final image.
Plus the cost comes to Rs. 3.5 to 4 lakhs.
If your product does not sell in the marketplaces, unfortunately,
that is solely your loss and not that of the agencies.
Here to solve this problem is Model Verse.
Model Verse has started a movement
which basically empowers Indian businesses
by generating high-quality images at lower prices.
So, Sharks, for your future modelling needs,
no Miss India or Miss Universe, only Model Verse.
[laughs]
How did the idea of Model Verse come to you?
It wasn't clear to me
how this would help me upgrade for my future plans.
What I could not understand was...
I wanted to establish a career
in the field of Artificial Intelligence.
I did not know how to align my vision.
You have been excited about Artificial Intelligence since then.
- Yes. - What aroused your interest in Artificial Intelligence?
When I first heard about recommendations on YouTube,
I began learning algorithms.
What are you studying at IIM Kozhikode?
Master of Business Administration.
- Why? - I needed to do networking.
This institute provided you with good networking.
If the need arises in future,
I wouldn't need to pay a high price
to reach out to these executives.
- You're studying there. - Yes, sir.
- Do you do coding also? - Yes.
- You still do it! - Yes. I built all of these things
- that too on PyTorch. - Got it. Thank you.
- I wish to show you samples. - Please do.
- Yes. - Take us through Model Verse.
You must have had to take pictures of the saris.
Yes.
And you integrate it into the existing models.
We take garment images.
- She is an existing Twitter model. - No.
- She isn't! - No.
- Okay. - It isn't who you're referring to.
Even the backgrounds are generated
- from the shadows to the colour correction. - Okay.
[upbeat music playing]
- It's quite good. - It's very good.
We charge only Rs. 35.
Plus, they are 3D and they have limited models.
With us, a new identity is generated each time.
So, gradually, the vertical ChatGPT generative AI solutions
have become integrated into horizontal AI solutions.
It's only a matter of time
before the same thing can be done on ChatGPT.
- It's here. I saw a demo the day before yesterday. - Right?
- Similar product? - Exactly the same.
I saw exactly the same demo of what he just showed.
I'll tell you the difference when it comes to these AI models.
We too make them using Midjourney, but that isn't our exact headphone.
- Yes. - Then Midjourney makes the headphones...
What they are doing is called
- unconditional generation. - No, that's okay.
My question is, where is the innovation?
like DALL·E and Midjourney,
and rolled out conditional models
that function according to your set conditions.
For example, the condition is I want boAt headphones
in which the pixels don't reduce.
The capital letter B should not replace the 'b' in boAt.
Or the letter 'o' shouldn't be struck out.
- Don't do that to me. - Or 'a' should not be capitalised.
Such problems exist.
The question is this.
Building wrappers and models isn't a big deal.
Just as you did this in one year,
a lot of AI engineers are building models and wrappers.
- So, as far as IP goes, what is it that others cannot replicate? - Yes.
What's your defensibility?
Developing API wrappers is the easiest thing in the world.
- Take a company's API and ... - Right, exactly.
You can tweak the parameters but never the architecture.
- You made a fundamental model! - Yes.
Why charge Rs. 35 when you can charge Rs. 350?
This is what we wish to revolutionise
and sell at a lower cost.
At this point, given the junction you're at,
since you don't have an alternative,
- You could charge a very high price. - Yes.
Skim the market
until you can lower your prices and have a base of 100 clients.
Then your GPU cost will lower.
Your valuable resource here isn't money.
They are the things that I basically want.
For example,
money can be earned again but not time.
- This is what we need right now. - So true.
I know it is what I lack right now
and it will take time to build.
If you come on board our business as Sharks,
that time could be reduced by 10x.
How much money have you raised?
Not a single penny as of now.
How did you hire them without any funds?
They are in contractual roles with us
Not full-time, on a contractual basis.
Are you saying, what no one in the world could achieve,
- something that is everyone's requirement and demand... - Yes.
To use images for cataloguing and advertising,
you achieved that in a year using five contractual engineers.
Is that what you're claiming?
It's true. We basically achieved it with five contractual engineers
with the greatest involvement being mine
because I had a vision.
Basically, if maintenance is required or basically...
You've said the word 'basically' 48 times already.
I will not say basically again.
- You just did. - In advance.
[Amit laughs]
- Will you attend the placements? - No.
What's the plan?
There's a big reason behind it.
What's the matter?
Are you all right?
- It's okay, bro. Do you want water? - Have some water.
It's kept at the back, please.
- My grandfather and I got along very well. - Oh, okay.
You don't connect as well with your friends
when you have good friends within the family.
- Right. - True.
He had a paralytic attack in 2014.
Our bond broke.
If I...
If I told him anything,
there was no response from him.
[poignant music playing]
Sorry.
Ah, it's hard.
Before that, my grandfather told me one thing.
"Your job"
"can change what you eat"
"and the way you dress,"
"but it cannot change yours or anybody else's life."
"For that, you need to be a job giver."
That was the last thing he said. He passed away in 2020.
- That's bad. - Sorry.
Sorry to hear that.
This is the reason I am here today.
So, you won't take up a job.
No matter what happens,
- you will either do this or something else. - Yes.
Can't your family finance you?
I have shouldered their expenses since childhood.
- Um... - Never have...
If you want to do this, it has to be now. It can't be later.
The timing is just right.
What's your vision for the next 3 to 5 years?
I want to make an AI image generation platform
where a user can generate a hyperrealistic model
for their image or garments.
We wish to go live with the infrastructure model we've built
through which we will acquire users.
We will generate a revenue of Rs. 13 crores in a year
To achieve that revenue, for a year...
If you take spot instances, which is shared GPU,
Why did you ask for Rs. 25 lakhs?
The thing is,
I am out of runway now.
- Now... - How much is in the bank?
How much money do you have?
- He doesn't. - I don't have anything left.
How much money do you have saved?
I have nothing left.
I have only Rs. 50,000 left which is a contingency fund.
During the soft launch of the product,
we had an influx of 1,000 users
and the money for the GPU was exhausted overnight.
This is why I couldn't optimise the cost at the time.
That's why I'm raising funds here to launch the platform.
I give you a guarantee.
Will Rs. 25 lakhs suffice?
- Yes! - You're claiming...
What are you assuring us?
That when we launch the platform using Rs. 25 lakhs,
we will generate a revenue of Rs. 13 crores in a year.
What will be the estimated profit?
A profit is difficult.
No. This is the main thing.
Suppose I run a D2C brand
and sell clothes like coats and trousers.
If I send you their pictures
- and ask you to generate images of models wearing them... - Yes?
- Is this a use case? Yes or no? - Yes.
- Is there any human intervention? - No, zero.
- None? - No. You don't need a freelance editor
or a Photoshop expert. You don't need anyone.
If that's the case,
the product is amazing and has scope to scale.
You seem like a hands-on coder.
I do coding even to this day.
It'll be fun to work together.
We can build something big.
Here's my offer. Rs. 25 lakhs...
Look. There are two things.
I believe I understand this space. We've done a lot of work.
And we're a client as well.
We have a need.
Our consumption could be 30,000 to 60,000 images a day.
- Yes. - As a client, right?
We can give you that scale.
I believe you will need a business co-founder
but we can cross that bridge later.
I guess Ritesh also has
- a lot of demand... - I wish to add one thing.
- Microsoft is one of our key shareholders. - Yes.
- As you are aware, Microsoft is quite interested in AI. - Yes.
Their interest in giving compute
to new innovative companies is higher.
We will introduce you to them at a senior level
ensuring you get more support.
So, Anupam and I,
- and I'd request... - We'll combine and give you an offer
of what you asked, Rs. 25 lakhs for 10% equity,
to support you together,
- provided both my friends agree. - Okay.
I am glad you have offers.
I hope you crack it.
I also hope that your dream comes true.
I hope you make your grandfather proud.
My grandfather was also my favourite.
You have an offer. They will help you.
So, I am out.
If your software shows improvement, I'll do business with you.
We have a client. Namita!
I think the same thing. I will be your customer.
But honestly, the Sharks who presented you with an offer
are experts in this field.
They'll be much better partners for you than I can be.
- And for that reason, I am out. - No problem.
You have a deal you want.
You don't have money to spend for the upcoming month.
- And you have conditions. - It's fine. You...
- He said it. - He will do it.
- Don't keep conditions. - We will introduce you.
Do something! India's name should be mentioned in the AI landscape.
- Thank you so much, sir. - Good job! Superb!
[light-hearted music playing]
He could have asked for more money for a fair share of equity.
Could have gotten a better deal.
[light-hearted music playing]
When I heard
that there are many who are into this
on open APIs, who create models.
I forgot to mention that I am a shareholder in...
There is no business model in this at the end of the day.
As the discussion progressed, I realised he is hands-on.
- He is coding by himself. - Yes. He knows his business.
If no one had given an offer,
I would've suggested aqui-hire and work with us.
- Don't become Peyush. - Peyush does that.
That is Peyush's role.
[theme music playing]
I am a third-year Mechanical Engineering student
- But my college is famous because of me. - Nice!
Sharks, have you watched the film 3 Idiots?
- Of course. - I am similar to
the character Rancho from that film.
Because I am fond of innovation and disassembling
and assembling machines.
- The screwdriver, pliers, and wrench are my friends. - Nice.
I used to travel to college on my motorcycle.
But now, petrol costs Rs. 106.
In the future,
we won't be able to afford it even if friends split the cost.
I thought of finding a solution to this problem.
With my passion for building things,
and working hard for two years,
I made the world's first bike
that is powered by hydrogen-ethanol.
Tata is well-known nationwide,
similarly, Vikrant's Bike will also gain popularity someday.
Tata helps people, and I want to do the same.
- You will take the initiative. - Yes.
Hello, Vikrant, alias Rancho!
[laughing]
Vikrant, tell us about yourself.
What inspired you to launch a motorcycle business
while in college?
Where did it all begin?
When I was in 10th grade,
I wasn't interested in studying.
I got 55% in 10th grade.
After that, everyone in society tortured me.
They claimed that I won't achieve anything in life.
After that, I enrolled in a diploma course.
I studied hard.
I graduated at the top of my diploma program.
- Lovely! - Impressive.
In the first semester.
What happened? You became emotional.
After that...
[somber music playing]
Will you have water, Vikrant?
No! After that,
my curiosity was piqued by the automobile industry.
They taught us about the ICE engine and other engines in our college.
During the second year, I commenced the construction of my motorcycle.
After working hard for two years, I made this prototype.
I tried making an electric bicycle again,
but I faced numerous drawbacks.
I conducted extensive research
and ultimately I switched to ethanol.
Do you remember something? Would you like to share?
[chuckles]
I mean...
Despite all the failures, I kept going.
I also had a motorcycle accident.
- On the same motorcycle? - It was on the one before this one.
The rear tyre unexpectedly came off during testing.
- I was at home recovering for six months. - Oh my!
When I was building the motorcycle,
Shark Tank had started.
I used to dream
of being on the show and...
I'm going to make it on Shark Tank
and secure a deal. I had a whole speech prepared.
People were torturing me
and criticizing my dream,
saying it was a waste of money.
- They questioned my ability. - Okay.
But then I did it!
- You turned your dreams into reality. - Yes.
When you want something,
the universe conspires to help you achieve it.
You have to try to get what you want.
- Exactly! - Agreed!
- Well said. - You nailed it!
I salute you. Good work.
Could you explain the process?
How long did it take and how did you evolve?
First, I sketched out a blueprint for this on a piece of paper.
Then, I headed over to a welder
and shared my vision with them.
- Okay. - I visited a few welders, but they were unable to assist me.
So I purchased a welding machine
and taught myself how to operate it.
And in a few days, I created this blueprint.
- And then you went on creating. - Yes.
- Until you saw improvement. - Yes.
Are you satisfied with what you made?
Do you have any other vision beyond this?
I will change the design.
No, my family didn't support me.
So, I started a fruit salad stall after completing 10th grade.
- Oh! - On a bicycle.
I first tried to create an electric bicycle on that specific bicycle.
Oh my!
I went to villages to sell fruit salad.
My dad got a complaint.
My dad is a retired teacher.
Society was against it.
So, I was asked to stop selling fruit salad.
I started my diploma.
After that, I explained my vision to them.
My family members refused to give me money
as they believed I'd waste it.
They thought it was impossible.
So, there is a hotel nearby,
I worked there for a night.
The next day, my dad agreed to give me money.
You are rebellious.
You exhibit a rebellious nature.
You're determined to prove people wrong.
[laughing]
Can we check your motorcycle?
Yes.
This is ethanol.
Ethanol is produced from sugarcane juice
which generates hydrogen gas.
This is a hydrogen gas generator.
Hydrogen gas is generated here.
- And this is an ethanol prototype tank. - Got it.
This is a corroborator. And this is the ICE engine.
Which base motorcycle did you use?
It is my blueprint.
Look at him! A 20-year-old boy made a blueprint.
Vikrant, explain it in detail.
What is the difference in technology
between using ethanol and using an ICE
to power an EV,
- So approximately, it is Rs. 1 per kilometre. - Yes.
What is the typical cost of a regular ICE-powered vehicle?
The cost of petrol is Rs. 106.
- Mileage? - Mileage is 50.
That is Rs. 2 per kilometre.
And how much is an EV?
- An EV is much cheaper. - Right!
If people want to move,
they will try to go with EVs if they want to save money.
When you started this, did you think...
If I buy this motorcycle and go someplace,
ethanol won't be easily available.
I cannot derive ethanol from sugarcane juice.
You can switch it to petrol.
- You are seeking Rs. 30 lakhs. - Yes.
- You cannot build a motorcycle with it. - Yes.
What are your plans? How will you utilize Rs. 30 lakhs?
How will you demonstrate your idea
to raise additional funding?
Patents, ARI approval,
RTO permissions, and so on.
Do you think this can turn into a business in the future?
- I haven't. - You haven't.
Your simplicity and straightforwardness...
You say things as they are. It is truly commendable.
Well done. Thanks for the honest response.
What would you like to do?
All you know is that you will proceed to the next phase
with a sum of Rs. 30 lakhs.
And then, will you determine your course of action?
I'll patent it.
What do you plan to patent?
What will be patent?
Hydrogen-ethanol fuel-powered bike.
- You asked for Rs. 30 lakhs. - Yes.
- Let's assume we offer you Rs. 5 crores. - Okay.
Firstly, I plan to set up an ethanol plant.
Next, I will install
ethanol pumps in small locations.
Then, I will start by manufacturing 50 bikes
and selling them.
Following that, I will take feedback.
What is the amount required to set up an ethanol plant?
I will need at least Rs. 1 crore.
- You will set up an ethanol plant with Rs. 1 crore. - Yes.
If you're looking to secure funding for an ethanol plant,
then your motorcycle is a futuristic concept.
If you have to choose,
are you willing to raise money just for an ethanol plant?
Yes.
Why do you believe you're prepared to solely raise capital
for an ethanol plant?
Because of a potential income,
and an increasing demand for ethanol in the future.
There are multiple checks,
to ensure fire prevention. It is regulated.
Manufacturing a motorcycle and producing fuel
- are two different businesses. - Yes.
What you invented
is a low-cost engine.
Can there be an alternate usage of this?
Can this innovation serve a different purpose?
What do you have to say about that?
It can be used for farming.
How?
For example, Jugadu Kamlesh innovated a bicycle.
- You can install the engine in it. - Correct.
You can use it to run a water pump.
- Correct. - You can only use the engine for agriculture.
Exactly! If you come up with ideas for such uses
- then you might find the right path. - Okay.
Vikrant, your aspirations
may be a bit far-fetched.
Your current efforts will aid in your growth.
But success is not guaranteed.
I don't have high expectations because
If you want to create something unique of your own,
I recommend
- thinking of more innovative ideas. - Okay.
You never know what works.
Your bike might not make it.
So, keep trying. I am out.
I love your honesty.
You've got energy, intellect,
and a rebellious spirit,
just like Aman said.
Before diving into this, I suggest you consider joining
the R&D division of a renowned company.
They have a team of approximately 4,000 employees
dedicated to R&D and design.
I can help you with that.
Connect with experts
and have discussions with their international partners.
And then you relaunch this.
- Yes! - That is what I strongly recommend.
I won't be investing in your business today.
Because Rs. 30 lakhs won't help you.
But I am very happy to connect you
to two or three right players
where you can get a job and experience in the R&D division.
Okay.
Vikrant, by looking at your nature,
are you more inclined
towards being an employee or becoming a founder?
Let me explain my plan B.
If nothing works out, I want to be an employee.
- Okay! Very good! - In design and R&D.
Have you decided
- that you want to work in the automobile industry? - Yes.
I think Namita has given you the best advice.
- All the best! I am out. - Thank you.
I genuinely wanted
to ask you to set up an ethanol plant.
Because I want to support people like you
who are eager to succeed in their business ventures.
- Please call me for the capital of your first ethanol plant. - Sure.
I think you might be uncertain about your decision,
which is why I am out.
Congratulations to you!
I am glad to see you do this
- despite being from Satara. - Thank you.
I am out today.
Because there is no clarity.
I would recommend you
look for other uses of this innovation.
Consider how this technology can help
people save their money.
- And then contact me. I will be happy to finance it. - Okay.
- Thank you so much. All the best. - Welcome.
I think if you innovate something
by combining these two technologies
that no one else has done before, consider getting a patent.
We can license that.
I am happy to finance that. You were seeking Rs. 30 lakhs.
It doesn't deserve that much money.
But if you need a couple of lakhs on a patent,
then I will happily help you with that.
Because you deserve at least that.
- Alright! Good luck! - Thank you!
- All the best! - All the best!
- Congratulations! - It was a pleasure meeting you.
Thank you.
Take it.
[light-hearted music playing]