Shark Tank India Season 2 is making us all go wild as the reality business show is showcasing us more innovative and unique ideas every single day, know about the Watchout Wearables founder and net worth
As of now, the season has let us meet a number of entrepreneurs which introduced their unique business model from Portl Mirror to expensive saree to electric bicycles to hair colors.
And now once again, the show has brought us an old yet innovative idea. Season 2 of Shark Tank India has recently showcased us Watchout Wearables.
Watchout Wearables Shark Tank India founder, valuation, revenue, funding, net worth 2023
About
For those who are unfamiliar, let us tell you, the brand is the next generation smartwatch for kids and it produces quite innovative products which are made with features like safety for kids. The company was launched back in 2018.
It’s a premium security watch which comes with features like sim enabled, camera, GPS tracking, real time messages, WI-FI, Video Calling among many more.
Founders
The company was founded by Abhisek Baheti, who’s also the co-founder and the CEO of the brand along with Noopur Baheti in Mumbai, Maharashtra.
Abhishek, who is a business marketing expert has previously worked for Pidilite Industries Limited for around 4 years.
For those who are confused, let us clear it for you, the smartwatch is a next generation product for kids and is made to track a child’s activity and their location in order to find out whether their kids are safe or not.
Pitch
The founders of the Watchout Wearables came to Episode 2 of the reality business show and asked for a sum of Rs. 2 Crore for 5% equity at a valuation of Rs. 40 Crore.
Sharks stated that the business is quite risky and their offers are not negotiable, yet Anupam and Vineeta invested in the business at a valuation of Rs. 10 Crore.
Let us tell you, the market price of these safety watches are estimated to be somewhat around Rs. 100 Crore.
Where to Purchase
For those who are curious to know where they can purchase the products, let us tell you, consumers can buy the watch online on e-commerce platforms like Amazon, Firstcry, Myntra, Nykaa, Croma and many more.
These watches generally come in 3 colors such as Purple, Gray and Macaw Blue. These are priced at Rs.11,999.
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