Last updated on 04 February 2024.
Find everything about AI Kavach’s pitch on Shark Tank India, its founder, and the latest updates about the company!
AI Kavach on Shark Tank India
Did you experience any fraud calls or messages and want to save yourself from it, then AI Kavach is for you.
Here are the key details about their pitch on Shark Tank:
| Name | AI Kavach |
| Founder | Pratyusha Vemuri Venkata |
| Episode | Season 3 Epoisode 5 |
| Ask | ₹50 Lakhs for 1.25% Equity |
| Deal | ₹1 Crore for 5% Equity |
| Sharks | Peyush Bansal, Aman Gupta |
| Status | In-business |
AI Kavach is an AI solution to save you from fraud online with real-time detection. It will alert you if you are getting fraud calls/messages, accessing malicious websites, or downloading apps that are asking for sensitive information
The product was designed for a normal user, but the plans were to expand to safeguard digital transactions and serve businesses via a B2B model. Their AI algorithm is also patented, and trained over millions of data.
The ask was for ₹50 lakhs in return for 1.25% shares. The product was launched just 2 months before the pitch on the show. It had gained some subscribers.
Aman was the first to offer the money for 4% where he can help with all the operations in India.
Radhika and Ritesh thought the business was too early and the entrepreneur needed to work on its customer base well before moving forward, so they were out this time. Vineeta advised to go with Aman.
But there was some competition from Peyush. He wanted to go with both B2B and B2C models to train the AI better and get this technology to a whole new level. He offered exactly what the pitcher was looking for.
This spiraled into some rough comments by Aman. He tried to take a dig at Peyush by saying that he is better suited for a tech product, has many connections in the industry, and spends on R&D too much.
So, Aman then matched the offer. However, the pitcher then gave a very generous offer of doubling the equity. She thought that both their expertise would greatly benefit the company.
Watch the full pitch here:
Aman Gupta and Peyush Bansal invested in AI Kavach on Shark Tank India. They both invested ₹50 lakhs with 1.25% normal shares and 1.25% advisory shares for each of them. In total, both of them got 2.5% each in the end.
About Pratyusha Vemuri Venkata
Pratyusha Vemuri Venkata is the Founder and CEO of Panoplia.io, which operates AI Kavach.
Pratyusha had done her MS in Computer Networks from North Carolina State University and studied entrepreneurship at Stanford University. After that, she worked in many big US tech companies for more than 19 years.
Her career started with Broadcom and Ericsson as QA Lead, then moved to Security in Cisco and Palo Alto Networks. Before AI Kavach, she joined Microsoft for 3 years as Head of Product Security & Privacy.
However, during this time, when she faced fraud online, she realized that such a problem is so big and even tech-aware people will have to face it. That’s where AI Kavach was born.
After Shark Tank Updates
After the pitch, the website updated that the business would now first focus on B2B service, and the current B2C was paused. They also want to partner with telecom services to offer their product as a value-added service.
By the way, other businesses featured in this episode were Dil Foods and Bartisans.
Takeaways
So now you know about the pitch of AI Kavach on Shark Tank India and its founder Pratyusha. We hope many more AI companies will soon come from India!
And if you don’t know who I am? I am Ranish Chauhan a.k.a. Fulmino Fan, a Fan of the Shark Tank show.