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Explaining their mission, the founders said that FUPRO specialises in creating high-tech prosthetic products to provide affordable solutions to physically handicapped people.
Anupam mentioned he would stay in touch with FUPRO to help his cousin. (Photo Credits: Instagram)
The latest season of Shark Tank India remains the talk of the town, delighting audiences with its engaging pitches and thought-provoking business discussions. The show, known for its high-stakes moments and dramatic twists, is keeping viewers hooked. In a recent episode, entrepreneurs Nimish Mehra and Cyril Joe Baby took the stage to pitch their brand, FUPRO, to the panel of ‘sharks.’ They shared the inspiration and vision behind creating the brand, giving the audience a glimpse into their innovative business journey.
Explaining their mission, the founders said that FUPRO specialises in creating high-tech prosthetic products to provide affordable solutions to physically handicapped people. The founder explained their developed model and mentioned transforming the lives of around 15,000 people with their products. The brand has 20 creative products to offer, of which, they have patented five. For their company, pitchers sought Rs 60 lakh in exchange for 1 per cent equity.
As Sharks enquire about the factors that make FUPRO a different and standout initiative, Nimish and Cyril claim that their company’s products are 50-80 per cent cheaper than most foreign brands while 10-15 per cent cheaper than Indian competitors. Although being cheaper, the founders added that they did not compromise on quality.
Elaborating further, founder Cyril explained how losing a body part causes disturbance in blood circulation, inviting secondary diseases. Hearing this, Anupam Mittal recalled a heartbreaking incident of his cousin who met with a train accident.
He shared, “My cousin came under a train and lost his hand and foot. Unfortunately, I was carrying his feet in a bag if it was possible to fix, but then he underwent prosthetics. What you said, I just want to validate it. These are very real problems.”
Elaborating further, Anupam mentioned that he would do further research about his condition and expressed interest in staying in touch with the FUPRO founders to help his cousin get treatment.
Coming to the deal, Shark Kunal Bahl offered Rs 2 crore in exchange for 10 per cent equity and a condition that the capitulation would have to be changed. The founders did not agree to this. Aman Gupta then offered Rs 60 lakh for 3 per cent equity and Ritesh Agarwal joined hands with Namita Thapar to offer Rs 60 lakh in exchange for 5 per cent equity.
In the end, sharks Ritesh, Namita and Aman collaborated to invest Rs 60 lakh in exchange for 4 per cent equity. With no counteroffer, the founders quickly nodded and secured the deal.
