MUMBAI: Lenskart co-founder Peyush Bansal, who appeared as one of the ‘sharks’ or investors on Shark Tank India, recently also visited the Kapil Sharma Show with his fellow sharks. He admitted that he went to the sketch comedy show with pre-conceived notions about the comedian, but walked away with a different impression of him.
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Now, he had decided to invest in Shark Tank India pitcher Jugadu Kamlesh and his nephew Naru's hand-drawn carts for farmers, gave an update on where the venture stands right now. Peyush took to his social media account and revealed the progress they have made so far.
Take a look:
Sharing a few photos, he wrote, "Everyone I meet these days has one question....what is the update on Kamlesh from @sharktank.india ? While I don't believe in talking about things till we achieve something, because of popular demand...here is a quick update...We have initiated a process of design and consumer validation of the cart with help of a team of professional Industrial designers. The Design Team visited Malegaon and nearby farms, spent time with different farmers and different crops, along with @jugaadu_kamlesh, Naru and took a lot of feedback."
He added, "Biggest concerns are: Weight of Cart, movement on different uneven terrains and width of cart (as alley size is small in certain crops). Next steps: Find creative solutions to these problems, do design optimisations and go back and test again. Some pics attached. Hope it helps to keep the momentum and hopes high :) Will keep you posted !!! Cheers."
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Kamlesh had impressed everyone with his pitch of hand-drawn carts for farmers on Shark Tank India. Peyush had decided to invest Rs 10 lakh in his venture for a 40% stake in the firm KG Agrotech. Additionally, he also offered a ₹20 lakh loan at a 0% interest rate.
CREDIT: TOI
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