Smart Luggage
Smart Wallet
Season 3 Episode 25
| Brand | Arista Vault |
| Company Name | Arivation Fashiontech Pvt. Ltd. |
| Founders | Purvi Roy, Atul Gupta |
| Original Ask | 45 lakhs for 1.5% equity at the valuation of Rs. 30 crores |
| Deal | 20 lakhs for 1% equity at the valuation of Rs. 20 croresand 25 lakhs debt at 18% interest for 2 years |
About the Product
Introducing the Wallet Bot Classic, India’s pioneering smart wallet meticulously crafted from premium Italian leather. Beyond mere organization, it represents an ingenious fusion of fashion and technology. Witness the seamless integration of timeless elegance with contemporary functionality embodied in this sleek smart wallet. Embrace a smarter approach to carrying essentials, ensuring your wallet is never misplaced again with Arista Vault’s assurance.
Meet Arista Vault’s Follow Me Smart Luggage – a groundbreaking advancement in hands-free travel. With a remarkable capacity of 33L, it effortlessly trails behind you for 10km and can be ridden for 5km. Enhanced with advanced AI sensors, it guarantees fluid movement while prioritizing security. With a robust torque of 2Nm, it can attain speeds of up to 12 km/h, redefining the travel experience with innovative solutions.
Introducing the Finger Lock Series by Arista Vault – the ultimate guardian for your bag. This luxurious anti-theft bag boasts a fingerprint lock mechanism, ensuring unparalleled safety and privacy. Only the authorized user can access the contents, offering peace of mind wherever you go. Arista Vault presents a flawless amalgamation of sophistication and convenience with their secure laptop bag. Elevate your style quotient while safeguarding your valuable possessions.
Founders & their story
- Purvi Roy
- Atul Gupta
Arista Vault offers a diverse product range, including the Follow Me Suitcase, smart wallets, fingerprint lock bags, and other innovative offerings. Notably, the Arista Wallet seamlessly integrates with an app, enabling users to locate their wallet with just a tap. With a customer base of 35,000 since their establishment in 2018, they have garnered support from the Ministry of Electronics and Information Technology. To date, they have raised a total of 2.3 crores in funding.
The Follow Me Suitcase boasts a plethora of features, including the ability to track the connected device, ride mode functionality, a carrying capacity of up to 120 kgs, and a maximum speed of 7 kmph. Additionally, it offers mobile charging capabilities and features a removable battery. Their smart wallets are equipped with advanced functionalities such as misplacement and anti-theft alarms, location tracking, and a remote selfie button. The price range for their smart luggage varies from Rs 1500 to Rs 15000, while smart wallets start from Rs 1500. The Classic Wallet is priced at Rs 5500, and the Fingerlock Backpack is available for Rs 9500. They also offer travel bags at Rs 3000 and ride-on luggage at Rs 50000.
Manufacturing operations are based in Kolkata, with bag production outsourced. Their products are available for purchase through their own website, e-commerce platforms, and corporate gifting channels. Their growth strategies focus on scaling through influencer and performance marketing, emphasizing branding initiatives, and securing export orders from markets such as Dubai and the USA.
About the company
Arista Vault, a trailblazing technology firm boasting 7 patents and 6 trademarks, is committed to streamlining and enriching human existence through cutting-edge smart products and gadgets. Founded in 2018 by Purvi Roy, Atul Gupta, and Col. Krishan Kumar Singh, Arista Vault has rapidly ascended as a frontrunner in smart luxury and health technology. Renowned for its innovative prowess, Arista Vault pioneer’s groundbreaking ideas and conceptualizes products that push boundaries. Their primary objectives include making human life easier, simpler, and safer, as well as establishing Arista Vault as a globally recognized product designer and achieving a 400-crore valuation within the next 3 years.
What sets them apart is their introduction of the Wallet-Bot, a revolutionary solution addressing the pervasive issue of mobile and wallet loss and theft. Additionally, the company boasts an ISO certification and enjoys backing from the Ministry of Electronics and Information Technology. Furthermore, they have access to state-of-the-art government-provided laboratories, enhancing their capability to deliver powerful and well-equipped products. With a dedicated R&D team focused solely on product conceptualization, Arista Vault stands at the forefront of innovation in the technology sector.
Their target business segments encompass distributors, channel partners, consumer electronic chain stores such as Reliance Digital, overseas export markets, technology licensing opportunities, and global retail outlets. Meanwhile, their diverse range of target customers includes smartphone users, aficionados of luxury labels, tech enthusiasts, discerning travellers, professionals, retail establishments, and e-marketplaces.
Revenue
In the fiscal year 2022-2023, Arista Vault recorded revenues of Rs 3.6 crores, showing a significant growth trajectory from the previous year’s Rs 1.57 crores in FY 2021-2022. By the end of December 2023, their revenue had already reached Rs 4 crores, with booked orders totalling Rs 5 crores. Projections indicate a robust sales forecast of Rs 9 crores for the fiscal year 2023-2024.
Currently, their smart luggage is available for pre-orders, indicating strong customer interest and anticipation. In November 2023 alone, Arista Vault achieved sales of 65 lakhs, resulting in a profit of 12 lakhs for the month. Projections for FY 23-24 anticipate a substantial profit before tax in the range of Rs 1.5-2 crores, reflecting the company’s continued growth and success.
Founders’ Ask
45 lakhs for 1.5% equity at the valuation of Rs. 30 crores.
Offers
Anupam’s offer: 15 lakhs for 1% equity at the valuation of Rs. 15 croresand30 lakhs debt at 18% interest for 2 years.
Founders’ Counteroffer
20 lakhs for 1% equity at the valuation of Rs. 20 croresand 25 lakhs debt at 18% interest for 2 years.
Final Deal
Anupam: 20 lakhs for 1% equity at the valuation of Rs. 20 croresand 25 lakhs debt at 18% interest for 2 years.