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Geeani has raised INR 1 crore from shark tank season 2. Aman, Anupam and Vineeta invested in this startup. Pitchers asked ₹75 lakhs for 7.5% equity at the valuation of ₹10 crores. The deal was done with Aman, Anupam and Vineeta for ₹1 crore at 10% equity.
First, Aman gave an offer of ₹75 lakhs for 7.5% equity. Then he revised his offer and joined Anupam and Vineeta for ₹1 crore at 10% equity. Amit gave an offer of ₹1.5 Cr for 20% equity at 7.5 crores valuation, and later he revised it for ₹1 crore at 10% equity.
Also Read Broomees has raised INR 1 crore from shark tank season 2. Piyush, Namita and Aman invested in this startup. They asked for ₹80 lakhs for 2% equity of the company at the valuation of ₹40 crores.
About Geeani
The founders are Divyarajsinh Bihola, Prajal Geeta Menon and Anitha Panikar. They are teachers, and they all are from Ahmedabad. They teach students from classes 5 to 12, diploma engineering students and aspirants of JEE NEET. Divyarajsinh is an automobile engineer.
As we all know, Indian farmers face many financial issues, and due to low income, these farmers bring tractors on rent which consumes 60% of their income. We have the technology and many innovations in agriculture but only for large-scale farmers. Geeani brings India’s first smallest and cheapest e-tractor specially designed for farmers with small lands. This tractor reduces crop size, increases yield, and can be used for intercropping. This is a pre-revenue company. Their one video went viral, and More than 1 lakh farmers watched it. After that, more than 500 enquiries came to them.
Features of this tractor are – Battery warranty is 3 years, and Battery life is 7 to 8 years, comes with Patented drivetrain technology and Compact design, Width is 3 feet, also Lightweight only 550 kg, 8X more efficient than diesel tractors.
Geeani business statistics
In India, traditional tractors cost more than ₹5 to ₹5.5 lakhs, but Geeani costs ₹4.8 lakhs. Making cost for one tractor is ₹3.8 lakhs. Battery cost is ₹1.6 lakhs. Prajal has a 20% equity share of the company, and Anitha has 40%. Anitha’s two sons also have 40% equity. Total investment is ₹25 lakhs.
Problem solved by Geeani
The Geeani E-Tractors are incredibly versatile and can be used to complete many different tasks, such as ploughing, hauling, and tilling. The tractor’s powerful motor allows it to efficiently handle heavy loads, and its compact design makes it easy to manoeuvre through small fields. Geeani Tractors are designed to offer the best experiences to farmers nationwide at the best prices possible.
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