Magic lock
The Magic Lock highlighted in Shark Tank India Season 1 Episode 18 is an advanced lock gadget that is worked with High-Quality Material. As indicated by the organiser, it is the most helpful LPG Gas Safety Value of Commercial grade, customizable strain with 3 years guarantee. Its originators Tejas Shah, Zubi Dhananjay Bhatt, and Dhananjay Bhatt have requested ₹1.2 crores in return for an 8% portion of their organisation in Shark Tank India. The proprietors are Tejas Shah, Zubin Dhananjay Bhatt, Dhananjay Bhatt.
There are 45000 crore associations of LPG gas chambers all around the country. The impact of gas chambers is an extremely normal episode in everyday life. So they have concocted this little valve-like construction and need to arrive at all around the nation assisting with battling this major issue. They have a patent for this device. The valuation of the organisation is 15 crore. The organisation works with a B2B model and has created an income of 14 lakhs. They have sold around 85k pieces of gadgets and in a day they sell 4k pieces. The B2B cost is 70 rupees and the B2C cost is 499 rupees. The making cost of this item is Rs. 10.
Pitchers approach with a request from 1.2 cr for 8% value of the company. Ashneer eased off as he was not intrigued by the item. Aman likewise eased off himself. Namita, Anupam, Peyush set themselves aside from an arrangement with the pitchers.No offer was finished by the shark’s pitchers.