Astrix Engineering Products is a smart door lock brand featured in Shark Tank India Season 1 Episode 31. After joining Shark Tank India, the founder of Astrix Engineering Products asked Shark to invest ₹75 lakhs in return for 3% equity of the company.
Due to the advancement of technology, most things have become digital in the present time. There are many products that exist as digital right now. According to a report of 2020, the smart lock market value is US$ 3.1 billion, North America is the largest market for this smart lock. This market of Asia Pacific is growing very fast.
What Is Astrix Engineering Products?
Astrix Engineering Products Shark Tank is a smart door lock brand that has been launched in India. This company was started in March 2018. So this company mostly makes remote smart locks. They have just launched their three products in the market namely AX 100 Shield, AX 100 Majestic, AX 100 Supreme.
Their smart door lock is made from stainless steel, in which more than 25 fingerprints have been supported. Along with this, 24 Parallel Mobile Users, 3 RFID Users, and 2 Mechanical Keys are available in it.
This smart lock has been designed keeping in mind the high security, in which the user gets the option of mobile access with fingerprint, By-Pass OTP.
Astrix Engineering Products Shark Tank India Update
|Company Name||Astrix Engineering Products|
|Founder||Kowshik Devarajan, Sreepriya|
|Product||Smart Door Lock Made In India|
|Asked For||₹75 Lakhs for 3% Equity|
|Final Deal||No Deals|
|Episode (Shark Tank India)||Season 1 Episode 31|
|Business Status||In Business|
|Net Worth/Valuation||₹25 Crores|
Astrix Engineering Products Contact Details
|Mobile App||Go To PlayStore|
Who Is The Founder Of Astrix Engineering Products?
Kowshik Devarajan, a resident of Coimbatore, Tamil Nadu, is the founder of Astrix Engineering Products. Founder Devarajan has studied Mathematics in Bachelor of Arts from Baselius College, Kottayam. He has worked in State Street HCL Services for 4 years. He was the Managing Partner at Prologiq Business Services LLP. Its co-founder’s name is Sreepriya.
Astrix Engineering Products Before Shark Tank
Astrix Engineering Products Company had not sold this much before Shark Tank. To buy their product, you will have to contact them, after that you can take it. Before Shark Tank India, we do not have much information about them available to us.
Astrix Engineering Products Get Deal’s In Shark Tank India
The founder of this startup, Kowshik Devarajan, Sreepriya presented his company in Shark Tank India with Bollywood music. Shark liked his presentation very much, so he asked Shark to invest ₹75 lakhs in exchange for 3% equity of his company.
Next, we will give you information about this Astrix Engineering Products startup.