On the Tank
Mr. Siddhant Tawarawala started peeschute in october 2018.
Why started the business?
Peeschute wants to replace the whole toilet system, along with that they want to create private cubical chambers at different places, patents are in process.
These cubical chambers are the market disrupters as they are collapsible, foldable, and movable, which just costs between ₹2500-₹3000.
On the other hand, the cost of making a private chamber at this time is between ₹2.5 lakhs and ₹3 lakhs.
Furthermore, the unique selling point is the composition that instantly solidifies the urine.
Shark Tank Recap
- Peeschute sells pocket-size unisex urine disposable bag.
- Peeschute wants to replace the whole toilet system, along with that they want to create private cubical chambers at different places. However, patents are in process.
- ₹75 lakhs
for 4% of equity in the company making the valuation stand at 18.75 Crores. Focusing
on directly installing their chambers at bus stops and railway stations. - Received offers from all the sharks except Namita (PharMaa)
- At last, Aman would come at ₹75 lakhs for 6%equity ( valuation ₹ 12.5 crores).
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₹Rupees 75 lakhs for 4% of equity in the company making the valuation stand at 18.75 Crores. Focusing on directly installing their chambers at bus stops and railway stations.
Business Model of Peeschute
Peeschute is dealing in a pocket-size unisex urine disposable bag.
Siddhant stated that The government of india and Niti Ayog are their direct customers.
Along with that, they would focus on the distributor model for the physical chambers.
Sales and Revenue
Both the products are being sold at different pricing, i.e. peeschute medi at ₹33 and peeschute travel at ₹10.
Over 200000 products have been Paid pilot (purchased and used) in 4 different countries(UK, US, Canada, India).
14 Lakhs in first year, 23 Lakhs in second year and projecting 1 crore in this year.
Feedbacks from the sharks
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Namita- Given the pending status of both your patents and the potential operational issues, I am leaving the chamber. That’s the reason I am out.
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Aman-Operation issues and costs would occur as to who will clean those chambers.
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Ashneer: Your focus on chambers is distracting; instead, concentrate on your product. Also, he suggested entering the children segment soon.
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Offer for Peeschute
- Ashneer- ₹75 lakhs for 7%equity ( valuation ₹10.71crores)
- Anupam and Vineeta- together for ₹75 lakhs for 10%equity ( valuation ₹7.5crores).
- Aman- ₹75 lakhs for 10%equity ( valuation ₹12.5 crores)
Counter offer
Aman to come at ₹75 lakhs for 6%equity ( valuation ₹ 12.5 crores).
Deal
Aman would come at ₹75 lakhs for 6%equity ( valuation ₹ 12.5 crores).
Peeschute Beyond Tank tank updates
Beyond Tank constantly provide updates and follow-ups about the entrepreneurs from the day they appeared on Shark Tank India.