Watt Technovations: Innovative Solutions for Common Problems

Watt Technovations is a promising startup founded by Nihaal Singh Adarsh, a 19-year-old engineering student with a strong desire to make a big impact on people's lives through innovative technology. The company's primary focus is on developing solutions to day-to-day problems faced by common people, and their first product is the COV-Tech ventilation system.

AIM

The aim of Watt Technovations, as stated by its founder Nihaal Singh Adarsh, is to create a big tech company that focuses on solving day-to-day problems faced by common people through innovative solutions. The company's primary goal is to use technology to improve people's lives by addressing the challenges they face in their daily routines.

In line with this mission, Watt Technovations has developed the COV-Tech ventilation system, which addresses the problem of discomfort and excessive sweating caused by prolonged use of PPE kits by doctors, sanitary workers, chemical factory workers, pharmaceutical factory workers, and car painters. The COV-Tech ventilation system is a compact, plug-and-play device that can be easily attached to any PPE kit to provide a continuous flow of cool, fresh air to the wearer.

Watt Technovations' aim is to continue researching and developing innovative solutions to common problems faced by people. The company plans to introduce more products that can help make life easier and more comfortable for people from different walks of life.

USP

The unique selling proposition (USP) of Watt Technovations is its innovative COV-Tech ventilation system. The device is a compact and easy-to-use plug-and-play system that can be attached to any personal protective equipment (PPE) kit. The COV-Tech ventilation system provides a continuous flow of cool, fresh air to the wearer, reducing discomfort and excessive sweating caused by the prolonged use of PPE kits.

What sets the COV-Tech ventilation system apart from other similar products in the market is its versatility. The device can be used by professionals in different industries, such as doctors, sanitary workers, chemical factory workers, pharmaceutical factory workers, and car painters. The system is also designed to be lightweight, making it easy to use and carry for prolonged periods.

Watt Technovations' commitment to solving real-world problems faced by common people is also a key factor in its USP. The company's founder, Nihaal Singh Adarsh, is passionate about using technology to improve people's lives, and the COV-Tech ventilation system is just the first step in this mission.

CHALLENGES FACED BY THE STARTUP & THE JOURNEY OF THE STARTUP ON SHARK TANKS INDIA

The founder also faced some challenges in scaling up his business and reaching out to more customers. He needs funds, mentorship and guidance to take his startup to the next level. That's why he decided to pitch his idea on Shark Tank India, a popular reality show where entrepreneurs present their business ideas to a panel of investors (sharks) and try to convince them to invest in their ventures.

Nihaal Singh Adarsh entered the show with confidence and enthusiasm. He demonstrated his product and explained its features and benefits. He also shared his story and vision for his company. He asked for Rs. 101 for 2% equity in his company, valuing it at Rs. 5050.

The sharks were impressed by his invention and praised him for his creativity and social impact. They also asked him some questions about his market size, revenue model, competitors, customer feedback and future plans. Nihaal Singh Adarsh answered them with clarity and conviction.

However, some sharks also expressed their concerns about his valuation, which they felt was too high for an early-stage startup. They also pointed out some challenges that he might face in terms of regulatory approvals, quality control, distribution channels and customer acquisition.

Peyush Bansal, the founder of Lenskart, an online eyewear retailer, was particularly interested in Nihaal Singh Adarsh's product. He said that he had faced similar problems with fogging of glasses while wearing masks during the pandemic. He appreciated Nihaal Singh Adarsh's innovation and offered him his contact number. He said that he would not invest in his current venture but would be open to investing in any other innovation that he would find interesting in the future.

Anupam Mittal, the founder of Shaadi.com, an online matrimonial service provider, and Namita Thapar, the CFO of Emcure Pharmaceuticals Ltd., a biopharmaceutical company, jointly agreed to invest in Nihaal Singh Adarsh's venture. They offered him Rs. 101 for 4% equity in his company, valuing it at Rs. 2525.

Nihaal Singh Adarsh was happy with their offer but wanted to include Peyush Bansal in the deal as well. He asked him if he would join Anupam Mittal and Namita Thapar for 4% equity in exchange of Rs. 101 at a valuation of Rs. 2525.