Saptkrishi is a young agri-tech startup founded by IIT Kanpur, dedicated to addressing challenges in the agricultural sector. One major issue farmers face is the short shelf-life of their produce, which often leads to losses during transportation.
As fruits and vegetables are moved to different markets, their quality deteriorates, making them less valuable and sometimes causing farmers to lose their entire capital investment.
To combat this problem, Saptkrishi has developed a microclimate storage solution called Preservator (or Sabjikothi). This low-cost storage and transportation system can accommodate up to 500 kg of horticultural products.
The innovative design of the Preservator extends the shelf-life of fruits from 10 to 40 days, providing farmers with a more reliable way to transport their goods without compromising quality. This solution aims to enhance the sustainability and profitability of farming operations.
Company Name | Saptkrishi |
Founder | Nikky Kumar Jha, Rashmi Jha |
Product | perishable materials in the horticulture industry |
Asked For | ₹60 Lakhs for 2.5% Equity |
Final Deal | No Deal’s |
Shark | No Shark |
Episode (Shark Tank India) | Season 1 Episode 31 |
Business Status | In Business |
Net Worth/Valuation | ₹24 Crores |
The founders of the agri-tech startup Saptkrishi, Nikky Kumar Jha and Rashmi Jha, appeared on Shark Tank India, seeking ₹60 lakhs in exchange for a 2.5% equity stake in their company.
The Sharks expressed significant appreciation for the innovative solution presented by the founders, recognizing its potential impact on the agricultural sector.
During their pitch, the Sharks inquired about the startup’s growth trajectory and future plans, seeking to understand how Saptkrishi intends to scale its operations and further develop its microclimate storage technology.
The interest from the Sharks underscores the importance of sustainable solutions in agriculture, highlighting the potential for Saptkrishi to revolutionize the industry.
Yes, Sabjikothi is still in business as of August 2023.