Shark Tank India has raised INR 75 lakhs for Peeschute

Peeshchute that was made to fix the problem of dirty and inadequate restrooms in places like bus and train stations. Peeshchute is a small, disposable bag made of paper that turns liquid urine into a solid form. It has a funnel that opens when you press the sides and turns the urine into a solid. It also comes with a private area for use. Since 2019, Peeshchute has sold over 200,000 bags in four countries through paid trial projects, like in the UK, US, India, and Canada. In the first year, they made 4.5 million INR, and in the second year, they made 2.3 million INR. They hope to make 10 million INR in the current year.

Click here to visite official website: Peeshchute

Peeshchute comes in two types: Blue, which is for healthcare use by people with mobility issues, and Khaki, which is for one-time travel use. The Blue one costs ₹33, while the travel pack costs ₹10. The company’s goal is to replace regular restrooms with water-resistant private cubicles, but that’s still being worked on. They got an investment with a value of 7.5 million INR before working with the government on trial projects.

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Mr. Siddhant is a seasoned entrepreneur with more than ten years of experience. Before starting his own business, he was involved in various projects related to commercialization with companies like HUL and Hike Messenger. He believes in empowering his team by sharing benefits and risks equally. He trusted his founding team and worked tirelessly to reach where he is today. Mr. Siddhant is known for his genuine nature and dedication to his work. He believes that although it is important to recognize and celebrate achievements, it is even more critical to take away valuable lessons from mistakes.

During the negotiations, several key points were discussed. Aman Gupta inquired about the differentiation of Peeshchute from its competitors, P buddy and P safe. Siddharth clarified that while the competitors focused solely on female urination inside restrooms, Peeshchute addressed the issue of inadequate and unclean restrooms in public places like bus and train stations by providing a compact, disposable urine bag that transforms human urine into a solid form, offering a unisex funnel and a privacy chamber.

Namita delved into the fixed cost of privacy chambers, to which Siddharth clarified that the cost is ₹2500, emphasizing the cost-effectiveness of these collapsible chambers compared to the significant investment required to build public restrooms.

Scaling strategies were also emphasized as Anupam inquired about them, to which Siddharth explained plans to place booths in bus and railway stations through large government orders and establish international distribution channels.

Ashneer proposed direct customer sales through websites and distribution channels, highlighting the potential use of the product for children and offered ₹75 lakh for a 7% stake. However, the negotiations later led to a settlement at ₹75 lakh for a 6% equity stake with Aman Gupta.

Peeschute is currently worth $1.06 million based on the most recent financial records.

The investors can be put into two groups: institutional investors and angel investors.

Institutional investors are big organizations that invest money on behalf of others, like CIIE, Startup Oasis, and Marwari Angels. CIIE is the biggest one of these and has invested a lot of money in Peeschute.

Angel investors are individuals who invest their own money, and in this case, Aman Gupta and 17 other people are angel investors in Peeschute.

Shark Tank India showcases a dynamic platform where aspiring business owners pitch their concepts to influential investors, hoping to gain the support and resources needed to scale their enterprises.