Transforming Home Cooking on Shark Tank India: UplianceAI’s Smart Jar Revolution

Upliance.ai is a brand that makes a smart cooking device called upliance. This device is like having a personalized cooking helper powered by artificial intelligence. It comes with over 500 recipes. The device has special sensors and heating elements that manage the entire cooking process on their own. Additionally, there is a screen on the device that displays all the cooking steps for each of the 500+ recipes.

Click here to visite official website: Upliance.ai

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The founders of UplianceAI are Mahek Mody and Mohit Sharma. Mahek Mody studied Mechanical Engineering at IIT Bombay and worked for 6 years at Ather Energy. On the other hand, Mohit Sharma has a Civil Engineering degree from IIT Bombay and has over 5 years of experience, including working at Chaayos. This information gives background about the education and work experience of the founders before launching their startup on the show Shark Tank India.

UplianceAI is a company that wants to make cooking better by using Artificial Intelligence (AI) in home appliances. They have a special appliance called the “Smart Jar” that acts like a personal cooking assistant. This Smart Jar is not just a regular mixer – it has AI technology, heating elements, and sensors to help you cook better. The Smart Jar’s main features are using AI to assist in cooking, having its own heating elements to cook inside the jar, and sensors to monitor and improve the cooking process. In India, where UplianceAI is focusing, the Smart Jar has a big market because many people are interested in smart kitchen appliances.

Mohit Sharma and Mahek Mody made an appearance on Shark Tank India season 3 to present their product, upliance, and shared in-depth information about it. They mentioned that many people in Indian homes want to cook delicious food but lack cooking skills. So, they created upliance, a cooking assistant to help them. During their pitch, they asked for INR 1 crore for 1% of their business, valuing it at INR 100 crores. They then demonstrated how their product can be used to make Kadhai Paneer. However, the Sharks were not impressed as there were still many manual steps involved that the upliance couldn’t simplify. The Sharks then asked them questions. Namita Thapar doubted the actual AI use in the product. Azhar Iqubal inquired about using AI for customizing dishes. Anupam Mittal suggested focusing more on the hardware aspect than AI. Peyush Bansal raised concerns about the long cooking time compared to traditional methods. The Sharks also questioned them about manufacturing costs and product pricing. In the end, they only received an investment offer from Peyush Bansal, which they couldn’t finalize.

The UplianceAI device has certain features and warranties. It provides a one-year warranty for the hardware and a seven-year warranty for critical software. The device can create more than 500 recipes. So far, 700 customers have bought the device. It is sold for a price of ₹19,999, but it costs ₹29,000 to make. The projected cost to make each device is between ₹9,500 to ₹15,000. The company has ₹5 crores in the bank, but it spends ₹30 lakhs every month.

The target customers are tech-savvy individuals and households living in cities or semi-urban areas. To reach these customers, UplianceAI plans to market the Smart Jar through various channels, work with influencers, and demonstrate its features on social media. They also aim to sell the Smart Jar through electronic and appliance stores as well as online platforms. The advantages of the Smart Jar include making cooking more efficient, being a versatile assistant in the kitchen, and reducing the need for multiple appliances.

UplianceAI’s success comes from being innovative, designing user-friendly products, and listening to customer feedback. To grow in the future, UplianceAI plans to add more features to the Smart Jar, collaborate with chefs for recipes, and partner with other smart home companies. They also aim to increase the value of their business by improving their AI technology and expanding their product line.

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.