Solinas Integrity is a sanitation-based startup that recently bagged investment in Shark Tank India 2, find out more about the company, its valuation, deal, funding and much more
Shark Tank India, a business-based reality program, is seeing an uptick in terms of uniqueness and popularity ever since it started premiering its second season. The show continuously appeals to the audience from every section of society by featuring out-of-the-box and amazing startups.
The show has given immense popularity to various lesser-known startups. It recently brought a water sanitation startup into the spotlight, igniting talks about it in the country.
The startup named Solinas is making huge rounds on various social media platforms after it secures the investments on the show. Due to this, many people are trying to find out more about it. So, here’s what we know about it.
Solinas Integrity on Shark Tank India, founder, revenue, valuation, funding, deal, net worth in 2023
More about Solinas
Through a new business supported by robots, Solinas Utility Management Business offers the sanitation industry innovative solutions. It employs AI to enhance pipeline integrity, septic tank cleaning, and mobility for the water and sanitation sectors.
It was launched in 2018 by Divanshu Kumar, Bhavesh Narayani, Prabhu Rajagopal, and Krishnan Balasubramanian at IIT Madras. For the customers, their products enhance pipeline and tank management through effective solutions and data-driven decision-making.
In the next ten years, Solinas Business wants to reduce wastewater by 20% in all of India’s main cities, ending the practice of hand scavenging from septic tanks.
Machines of Solinas
Solinas uses robots and digitalization to provide gutter, sewage, and lettering pit cleaning equipment. He has so far created three machines:
- HomoSEP: A septic tank cleaning robot
- Endobot: A sewer and water pipeline inspection robot
- iGlobus: A pipe leak detection robot
Its experience on Shark Tank India 2
Aman Gupta doesn’t know much about this industry as well as business; thus, he didn’t make any offers. In collaboration with Piyush, Amit, Namita, and Anupam present their bids. Namita and Amit’s suggestions were modified after the entrepreneur requested a raise in valuation from them.
The founders don’t want any loans. They just sought money in exchange for equity. As a result, Namita and Amit left the agreement. In response, Piyush and Anupam made him an offer of Rs 90 lakh in return for a 3% stake.
Without wasting any time, the founders accepted this offer, and Solinas’ valuation stands at Rs. 30 crore.
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