Smart Calculator
Records Transactions
Season 3 Episode 25
| Brand | Tohands |
| Company Name | TOHANDS PRIVATE LIMITED |
| Founders | Satyam Sahu, Praveen Mishra and Shanmugam Vadivel S |
| Original Ask | 55 lakhs for 1% equity at the valuation of Rs. 55 crores |
| Deal | 60 lakhs for 2% equity at the valuation of Rs. 30 crores |
About the Product
Introducing the Tohands Smart Calculator, the ultimate all-in-one device for your shop. With its intuitive design and multifunctional capabilities, it revolutionizes the way small businesses manage their operations.
The Tohands Smart Calculator boasts larger buttons for quick calculations, ensuring efficiency and accuracy. Its 4.5″ colour display enhances visibility, providing clarity in every calculation. Despite its advanced features, it remains portable and easy to handle, adapting seamlessly to various shop environments. Create itemized bills effortlessly with the Tohands Smart Calculator. It simplifies the billing process by allowing users to record bills directly on the app. Sending bills to customers is a breeze, and integration with printers and cash drawers ensures smooth transaction completion. Keep track of sales, expenses, and customer details with ease. The Tohands Smart Calculator allows users to record customer information such as names, numbers, and remarks, facilitating personalized interactions. It also categorizes payment types, including Cash, Udhaar, and UPI, for comprehensive transaction management. Generate dynamic QR codes through your UPI ID, streamlining the payment process and minimizing customer negotiation. With the Tohands Smart Calculator, increasing revenue is seamless and hassle-free, fostering a more efficient transaction experience for both businesses and customers alike. Effortlessly sync sales, expenses, bills, and payments via SIM and Wi-Fi connectivity. Access real-time data through the app’s dashboard and reports, empowering users with valuable insights into their business performance. Additionally, conveniently send payment reminders to customers as needed, ensuring timely transactions. Experience audible transaction confirmations with the Tohands Smart Calculator’s powerful speaker. Beyond its primary function, users can also enjoy its versatility as a music player, adding a touch of enjoyment to their daily operations.
Founders & their story
- Satyam Sahu
- Praveen Mishra
- Shanmugam Vadivel S
Tohands introduces the Smart Calculator, incorporating Cash In and Cash Out buttons to facilitate sales and expense recording for shopkeepers. The forthcoming version will include the option to track item-wise inventory. Transaction data seamlessly integrates with the Tohands app, offering a comprehensive record of business activities. In a country where 80% of shopkeepers lack billing machines, Tohands provides an affordable and user-friendly alternative, functioning as a point-of-sale system. With a monthly transaction volume of 80,000 across 1,000 shopkeepers, the majority of users hail from small businesses in tier 1 cities. Sales commenced in January 2023, with subscription services available for Tohands software. Currently, 5,600 customers await access, with a total investment of 3.55 crores. Collaborating with an original equipment manufacturer, Tohands is developing the V4, featuring a color LCD display and lifetime access to transaction data for the past 7 days. Notable features of V4 include a Dynamic QR code for payment, bill printing capabilities, and audio confirmation of transactions
About the company
Tohands – Many may overlook the significance of the humble calculator. Yet, it’s the unsung hero for small businesses, playing a vital role in their operations. Why do small businesses still rely on physical calculators despite the availability of digital ones on every smart or feature phone? It’s because of simplicity. It’s because they know how to navigate it effortlessly. And most importantly, it just works. Before each sale, they crunch numbers. Before every expense, they do the math. At the close of each day or month, calculations are done diligently. But why doesn’t the calculator go beyond mere arithmetic? Why can’t it keep track of sales and expenses, providing insights into the shop’s financial health? That’s where innovation steps in. By integrating two additional buttons atop a conventional calculator, they can now record sales and expenses seamlessly. All data is securely stored in the calculator’s memory card, ready to be synced with the Tohands Smart app via the Internet, Wi-Fi, or Bluetooth.mAt day’s end, all they need to do is open the Tohands Smart app to access a comprehensive overview of their shop’s income and expenses. It’s that straightforward.
Revenue
The lifetime sales amount to 29 lakhs, with each unit priced at Rs 3000. Sales figures for January 2023 reached 1.5 lakhs, followed by 13 lakhs in July 2023, and 3.5 lakhs in November 2033. The monthly subscription fee for the app starts from Rs 59.
Founders’ Ask
55 lakhs for 1% equity at the valuation of Rs. 55 crores.
Offers
Varun’s offer: 30 lakhs for 1% equity at the valuation of Rs. 30 crores and 25 lakhs debt at 12% interest for 2 years.
Radhika’s offer: 30 lakhs for 1% equity at the valuation of Rs. 30 crores and 25 lakhs debt at 12% interest for 2 years.
Radhika and Varun’s offer: 30 lakhs for 1% equity at the valuation of Rs. 30 crores and 25 lakhs debt at 12% interest for 2 years.
Anupam’s offer: 55 lakhs for 1.5% equity at the valuation of Rs. 36.67 crores.
Radhika and Varun’s revised offer: 30 lakhs for 1% equity at the valuation of Rs. 30 crores and 25 lakhs debt at 10% interest for 2 years.
Anupam’s revised offer: 60 lakhs for 2% equity at the valuation of Rs. 30 crores.
Radhika and Varun’s revised offer: 60 lakhs for 2% equity at the valuation of Rs. 30 crores.
Founders’ Counteroffer
80 lakhs for 2% equity at the valuation of Rs. 40 crores.
Final Deal
Radhika and Varun: 60 lakhs for 2% equity at the valuation of Rs. 30 crores.
