At the age of just 22, a young CEO recently came up on Shark Tank India and got a lot of appreciation from judge Radhika Gupta. 22-year-old Praveen Mishra¡¯s startup, named ¡®Tohands' introduced?'world's first smart calculator', as a solution to an existing problem faced by lakhs of shop-keepers in India.
On the ongoing Shark Tank India season 3, pitchers Satyam Sahu, Praveen Mishra and Shanmugam Vadivel S, who are founders of 'Tohands' a startup that has made a smart calculator for shopkeepers, came up in a recent episode. Their ask was Rs 55 lakh for 1%.
Radhika Gupta expressed her willingness to join Varun Dua and proposed her offer. The pitchers then requested Varun and Radhika to eliminate the debt. Both parties agreed and finalized a deal: Rs 60 lakh for 2% equity.
Not only did Radhika Gupta invest in the startup, but also applauded them on social media. "I love companies that are solving problems - especially financial ones - unique to Indian consumers, the Indian way.?The ToHands team is an exceptional group of founders that has built a product that can help every shopkeeper in India. And the depth of merchant research Praveen has done at 22 is astounding. My most unconventional but exciting investment on the Tank, very happy to partner with ToHands in their journey. Incidentally they discussed V4 when the show was shot, it has already been launched before it was aired. Clapping more than two hands for you and looking forward to learn from you guys! Do watch their pitch to see young India at its best", she wrote on LinkedIn.
Explaining the reason behind the concept, 'Tohands' mentions on its website "Your shop earns ?5 lakhs every month, but even though you spend an hour every day and 30 hours each month on accounting, you don¡¯t have clear records of how much you sell, spend, or who you pay.?Tohands Smart Calculators can fix this by quickly recording all your sales and expenses in just one click. This can save you a lot of money each month because you¡¯ll know exactly where your money is going."
Also Read:?Shark Tank India Season 3: List Of All 12 Judges & Their Net Worths
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