In the latest episode of Shark Tank India Season 3, viewers were introduced to Roni Mondal and Rohan Roy, two young entrepreneurs on a mission to alleviate period pain with their innovative wearable device. The episode unfolded with excitement as the panel, consisting of Anupam Mittal, Vineeta Singh, Ritesh Agarwal, Aman Gupta, and Namita Thapar, eagerly listened to their pitch.
Roni and Rohan showcased their portable wearable rechargeable electronic device designed specifically to provide relief from period pain. Their ask was bold: Rs 60 lakh for a modest 4% equity stake in their venture. Vineeta Singh, visibly impressed by their dedication to addressing a pressing issue, urged them to share more about their journey.
Rohan recounted the challenges they faced during the early stages of development. With permission to build the prototype at IIT Patna but limited to using the lab, they resorted to unconventional methods to fund their project. Selling LED bulbs on the streets became their avenue to raise capital. Rohan nostalgically reminisced, “While going to college, we sold bulbs 25 each, total 50 bulbs everyday for 3 months. That’s how we earned capital of Rs 50-60k.”
Their perseverance eventually paid off when IIT Patna recognized the potential of their innovation and provided seed funding to further develop their product. Anupam Mittal humorously referred to them as “Padman 2.0,” acknowledging their audacious endeavor to tackle a significant health issue.
As the discussion delved into marketing strategies, Aman Gupta emphasized the importance of creating a product that could generate viral interest. Anupam and Namita both extended investment offers, with Namita expressing a desire for a solo deal due to her personal connection with Roni’s cousin, Ranodeep Saha.
The revelation of the familial tie between Roni and Ranodeep left the panelists in awe, with Namita lauding her investment in Roni’s cousin as the best of seasons 1 and 2 combined. Ritesh Agarwal and Aman Gupta also threw their hats into the ring with investment offers, further validating Roni and Rohan’s vision.
In the end, the episode not only highlighted the innovative spirit of Roni Mondal and Rohan Roy but also underscored the collaborative nature of the startup ecosystem. Their journey on Shark Tank India Season 3 serves as a testament to the power of entrepreneurship in addressing societal challenges and driving positive change in women’s health. As they continue to pave the way for innovative solutions, Roni and Rohan’s story resonates as a beacon of hope for aspiring entrepreneurs everywhere.
