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Entrepreneur Name – Chitranshu Mahant, Aman Verma, Pankaj Rawat, Umang Leekha
About the Entrepreneur – The CEO of the company, Chitranshu Mahant, hails from Gwalior while the CTO, Umang, is from Delhi. Pankaj, who is the Business Head, comes from Dehradun, and Aman, the COO, is also from Delhi.
Chitranshu and Aman are both graduates of IIT Delhi and were roommates at the institute. They later met Umang when Chitranshu was invited as a speaker at a college. Pankaj is known to Umang as a common connection.
LinkedIn Profile –
| Chitranshu Mahant | https://www.linkedin.com/in/mahantchitranshu/ |
| Aman Verma | https://www.linkedin.com/in/aman-verma-4b2318132/ |
| Brand Name | Prime book |
| Brand Website | https://primebook.in/ |
| Business Category | Budget-friendly laptop |
Innovation – Yes, Prime Book is a budget-friendly laptop that runs on an Android-based operating system and is specifically developed for K 12 students. It features its own operating system, Prime OS, which enables students to access millions of Android apps for educational purposes.
| Company Valuation | ₹25 Crores |
| Equity Asked | ₹75 Lakhs for 1.5% Equity |
| Deal Closed | Yes |
| Final Shark Tank Deal | ₹75 Lakhs for 3% Equity |
| Target City/Country | Worldwide |
| Product | Laptop |
About the Product – In many circumstances, education is gradually shifting towards an online format. In India, however, many students do not have access to laptops due to affordability or compatibility issues with Android apps on the Windows platform.
To address this problem, an Android laptop called Primebook has been introduced, which runs on a made-in-India operating system called PrimeOS.
This software has been downloaded by over 30 lakh people from 140 different countries, and Prime Book has been sold to ed-tech companies and NGOs. Its unique selling points include the Android App EcoSystem and its impressive Price to Performance Ratio.
The cost of a Prime book is 15000 rupees, and its specifications include 4G connectivity, an 11.6-inch HD screen, 12 hours of battery life, 4GB of RAM, 64GB of expandable ROM (up to 200GB), all necessary ports, and 4G SIM connectivity.
The Primebook App Store features over 10,000 apps, providing students with a wide range of options to use on their Primebook.
Conclusion –
Chitranshu, Aman, Pankaj, and Umang asked ₹75 Lakhs for 1.5% Equity. Shark Aman and Peyush offered ₹75 Lakhs for 3% Equity. It concluded in a successful deal.
