The startup PNT Robotics has raised 50 lakhs rupees for the equity of 25%, and out of that, 25 lakhs in hand and 25 lakhs as loan from Shark Tank India. Shark Peyush Bansal invested in this startup.
The ask by the pitchers was 50 lakhs rupees for the equity of 4%. The business strategy did not impress Anupam; therefore, he stepped aside. Namita chose to pull herself out because she lacked experience in the profession. Ashneer was also captivated, but he stayed out of the arrangement. Peyush Bansal rejects a 50 lakhs offer for 25% stock. He stated that he would contribute 25 lakhs rupees and that the remaining 25 lakhs rupees would be used to settle the loan. Considering the loan’s terms, pitchers have countered with a 20 percent equity offer for 50 lakhs. Finally, the deal was done at 50 lakhs rupees for the equity of 25%, and out of that, 25 lakhs in hand and 25 lakhs as loan by Peyush Bansal.
About PNT Robotics
Pratik Tirodhkar and Ashish Patil founded this startup. They both are instrumentation Engineers and AI specialists, respectively, and they are both 24 years old. The firm specialises in IoT, machine learning, AI, robots, and other cutting-edge technology. They revealed ‘ADO,’ an AI robot created by them that can detect different languages and recognise people who look at them. ADO has a screen attached to it. This kiosk can be utilised in hospitals to assist patients, malls to display advertisements for engagement and sales, and airports to eliminate language barriers. Their research has resulted in robots employed in hospitals to deliver medicine to patients and sanitation processes. They stated that this is a prototype and that they are currently active in teaching kids about robotics and how robots are manufactured and selling the robots and robotic arms. The price of a single robot is six lakhs rupees.
Problem Solved By PNT Robotics
The utility robot from PNT Robotics can solve many daily life problems. By implementing this robot-human effort can be reduced significantly. It can be used as a translator at many places like malls, airports and other required areas to eliminate the language barrier. The major problem solved by PNT Robotics is this robot can use to deliver medicines and other required things in contaminated wards in a hospital. As a result, it can protect medical staff as well.