Watchout Wearables pitched smartwatches for kids with unique features like a SIM card slot and an SOS feature on Shark Tank

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The company generated revenue of ₹1.4 Crore in FY22-23 and presented high-quality, premium-priced products

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Sharks questioned the business's profitability, unit economics, and the high valuation, leading to a challenging negotiation process

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Anupam Mittal and Vineeta Singh offered ₹2 Crore, half of it as debt at 15%, for 10% equity, which was initially countered by Abhishek

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Abhishek ultimately accepted ₹1 Crore for 10% equity and ₹1 Crore in debt at 15% interest, agreeing with the Sharks' offer

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The Sharks withdrew, citing the high valuation, while Abhishek defended his vision to make the watch a global brand and a household name

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The Sharks emphasized that the valuation should be determined by the market, not the founder's perception

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Despite initial resistance, Abhishek eventually accepted Anupam and Vineeta's offer and proceeded with the deal

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