Mahantam is an innovative startup established by Dhaval and Jayesh Nai, focusing on the development of automatic washing machines specifically tailored for tea stalls. These machines can wash 15 glasses in just 30 seconds, attracting considerable attention from various vendors. During their presentation, the founders sought Rs. 30 lakhs in exchange for a 20% equity stake in their business.
Their mission is to protect the environment by reducing the use of paper cups at tea stalls, while also enhancing the hygiene of the glass-washing process. The standout feature of their machine is its compact size and straightforward design. The founders envision placing their machines at every tea stall across India.
With financial support from Anupam’s venture, “Dream Deal,” they were able to develop their washing machine. So far, they have sold three units: the first for ₹20,000 and two others for ₹28,000 each. The initial machine was designed for internal washing only, but based on customer feedback, they upgraded the model to include both internal and external washing capabilities, which is now ready for the market.
The cost of electricity for washing 10,000 glasses is just ₹9. Mahantam is also exploring the creation of smaller machines suitable for smaller tea stalls. For their ₹28,000 model, they maintain a gross margin of 32% after accounting for a manufacturing cost of ₹19,000. They aim to sell 50 machines within their first year, projecting an estimated revenue of ₹15 lakh. As of their pitch, they had yet to complete the company registration process.