Entrepreneur Name – Abhay Sharma and Smratika
About the Entrepreneur – Abhay Sharma and Smartika Sharma are the founders of the company. They are siblings.
LinkedIn Profile – https://www.linkedin.com/in/abhay-sharma-kyari/
| Brand Name | Kyari |
| Brand Website | https://kyari.in/ |
| Business Category | Adventure Safety Gadgets |
Innovation – Yes, Kyari Innovations is dedicated to creating technical resources that prioritize the safety of animals and their caretakers, a reflection of their love and passion for nature.
| Company Valuation | ₹51 Crores |
| Equity Asked | ₹51 Lakhs for 1% Equity |
| Deal Closed | Yes |
| Final Shark Tank Deal | ₹51 Lakhs for 6% Equity |
| Target City/Country | Worldwide |
| Total Addressable Market | $3.13 billion |
| Product | Products for adventures |
About the Product – Trekking and camping enthusiasts often rely on simple sticks for protection and safety, despite potentially encountering wild animals.
Kyari Innovations has introduced the world’s first Smart Kid-Guardian to address this issue, with over 2,000 forest guards already using and benefitting from these products, which are entirely designed and manufactured in India. The company’s vision is to provide protection and peace of mind to forest guards and adventure enthusiasts alike.
Conclusion –
Abhay Sharma and Smratika were seeking an investment of ₹51 Lakhs in exchange for 1% equity. Sharks Amit and Namita offered ₹51 Lakhs for 10% equity, while Shark Peyush, Aman, and Anupam offered ₹51 Lakhs for 12% equity.
The owners counter-offered for ₹51 Lakhs for 2% equity, causing Sharks Namita and Amit to revise their offer to ₹51 Lakhs for 8% equity, and Sharks Peyush and Anupam to revise their offer to ₹51 Lakhs for 10% equity, with Aman dropping out.
However, the owners were not satisfied with these offers. Later, Shark Peyush offered ₹51 Lakhs for 5% equity, but the owners declined. Sharks Peyush and Anupam then made a revised offer of ₹1 Crore for 10% equity, which was later revised to ₹80 Lakhs for 8% equity. Shark Amit and Namita also revised their offer to ₹51 Lakhs for 6% equity. Finally, the owners accepted the offer made by Amit and Namita, resulting in a successful deal.
