500+ recipes from Chai, Chicken, Chinese se lekar Pasta Paneer Pulao tak! This amazing kitchen gadget is definitely going to be a time saver.
Upliance.ai is designed in India, designed for India. Made for India, Made in India.
Sounds amazing right, almost unbelievable. Upliance.ai is a specially designed product with features where it understands the temperature needs and provides instant solutions to cooking problems.
Mehak Mody the founder of Upliance.ai pitched an AI-based cooking assistant appliance. He says, “Jaise 100 Chefs ki atma is mein aa gayi hai ”.
The multifunctional blades are designed to grind as well as saute, as per the recipe’s requirements. It also has a weighing technique to exactly measure the ingredients that you need to use.
Excessively hassle-free cooking method is no longer a dream but it has become the reality today!!!
But the sharks seemed unimpressed by the 30-minute cooking time for Kadai Paneer. Anupam mentioned meeting Mehak 1.5 years ago when the product was just in its experimental stage. Collectively, the Sharks were a little skeptical about the business growth keeping in mind the details of production cost and market values.
Anupam shared, “You have reached only 700 houses.”
After further grilling, Peyush made them an offer of Rs 10 Lakhs at 0.5% equity and Rs 90 Lakhs debt at 14% interest for 2 Years. Mehak stood his ground on the Rs 100 cr valuation due to which Peyush backed out.
In an exclusive conversation with ETimes TV, Mehak stated about his insight on his pitch, product and deal. Talking about their presence on Shark Tank India, Mehak shared, “Shark Tank gives us the ability to showcase our product. India is right now the perfect place for growth. Shark Tank has completely become a marketing tool. When the product is showcased, it does spike up the sales and also the visibility of Upliance.AI.
It is exciting and there is this sense of excitement to be on the stage pitching to the Sharks.”
Stating about Peyush’s offer, he said, “We got offered the deal by Peyush but we declined it in the end. Our ask was Rs 1cr for 1% equity, but the deal wasn’t fulfilled so we decided to pass it.
We really love Peyush and he thinks uniquely and we also resonate with technology. As per our business development, we had set ourselves the rules that our ask is what we want. “We had a good year and our former investors are willing to invest further into the business.”
