The founders asked for ₹30 lakh in exchange for 3% equity, valuing the company at ₹10 crore.
They needed the investment to:
- Improve product design for greater convenience.
- Expand manufacturing capacity to scale production.
- Market their innovation effectively to reach more women.
While the sharks were impressed by the idea, they questioned the usability and scalability of the product.
Shark Namita raised concerns about how practical the device is for real-world use. She pointed out that self-defense tools need to be quick, discreet, and easy to use under stress. Feeling that the product wasn’t there yet, she decided not to invest.
Shark Kunal liked the concept but struggled to see the ideal wearable format. He opted out, explaining that the startup needed more clarity on the final product design.
Shark Ritesh was initially interested but decided not to compete with Aman’s offer. He believed Aman’s experience in consumer electronics would be more valuable to the startup.
While several sharks opted out, the concept was compelling enough to attract investment.
Sharks Aman and Vineeta, recognizing the potential of tech-driven self-defense, offered ₹30 lakh for 3% equity, exactly what the founders had asked for.
With this funding, Whale Wearables gained the financial backing and mentorship needed to refine and scale their product.