- Founders: Jay Umretiya, Rameshkumar Patel & Chandrakantbhai Patel
- Business: Automatic Julaa
- Ask: ₹50 lakhs for 10% Equity
- Valuation/ Networth: ₹5 Crores
- Funding: No Deal
- Sharks: No Deal
- Episode: Season 1 Episode 26
Julaa Automation Shark Tank India Pitch:
Julaa Automation is the first ever company which launched its first product on Shark Tank India. Julaa’s product was essentially a traditional Julaa with automation and additional features attached to it. Their product can be operated through mobile. it also comes with fan and light attached to it for comfort. They also have attached weighting scale on the Julaa and it has speaker attached to it as well. Additionally it also has wet detection system added to it. They sought an investment of ₹50 lakhs for 10% of their company valuing their business at ₹5 crores.
Julaa Automation’s Julaa was still at the prototype stage. The founders have invested ₹25 Lakhs in this project so far. They added that this product developed over 7 years of hard work. The company has also filed patients in this as well. The cost of automatic Julaa is between ₹40-50 thousand and it would retail for ₹1 Lakh.
Julaa Automation Shark Tank Negotiations & funding:
Vineeta was the first shark to go out citing this product is a white elephant and has features which will not be used by their consumer. Namita followed Vineeta’s lead and went out citing no one would pay ₹1 lakh for this product.
Peyush suggested the founders use their patents to partner with big companies but he refused to invest. Gazal goes out due to not having confidence in the product. Anupam goes out citing cost and selling price of this product is too high. Julaa Automation went out of shark tank without the deal.
Who are the founders of Julaa Automation?
Jay Umretiya, Rameshkumar Patel & Chandrakantbhai Patel founded Julaa Automation. Jay is from an engineering background. Rameshkumar is a farmer.
How is Julaa Automation Doing after Shark Tank India?
Our research in Julaa Automation revealed that while the company did not get a deal on Shark Tank, their appearance on the show put them in the limelight. The founder shared in 2023 that their team is working on the feedback they received on the Shark Tank to reduce the pricing of the products to ₹35,000. He added that they have received many orders but due to lack of funds, they are not able to fulfill those.
It appears to be that, the fame was short-lived as we were unable to find anything on the product or the company in May 2024. The company’s chief technology advisor’s LinkedIn suggests that he has moved on and the founders have also moved on to different ventures. we concluded that the company is out of business.
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Here is an update on other companies from Season 1 Episode 26.