{"id":2659,"date":"2025-01-19T21:03:30","date_gmt":"2025-01-19T21:03:30","guid":{"rendered":"https:\/\/awaraj.com\/indiasharktank\/?p=2659"},"modified":"2025-01-27T16:24:03","modified_gmt":"2025-01-27T16:24:03","slug":"geeani","status":"publish","type":"post","link":"https:\/\/awaraj.com\/indiasharktank\/2025\/01\/19\/geeani\/","title":{"rendered":"Geeani"},"content":{"rendered":"\n

Home, Garden & Tools<\/p>\n\n\n\n

Tractors<\/p>\n\n\n\n

Season 2 Products<\/p>\n\n\n\n

Brand<\/mark><\/td>Geeani<\/td><\/tr>
Company name<\/mark><\/td>Geeani Agritech Private Limited <\/td><\/tr>
Founders<\/mark><\/td>Divyarajsingh Bihola, Prajal Geeta Menon, Anitha Panikar <\/td><\/tr>

Original ask<\/mark><\/td>		Rs. 75 lakhs against 7.5% equity at valuation of 10 crores  <\/td><\/tr>
Deal<\/mark><\/td>Rs. 1 crore against 10% equity at valuation of 10 crores<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

About the product<\/strong><\/p>\n\n\n\n

Farmers of India hire tractors at very high prices for farming & 60% of their earnings are spent on tractor hiring costs. So, designed for Indian farmers with small farms, \u2018GEEANI\u2019 makes the smallest & economical tractor in the nation.<\/p>\n\n\n\n

Geeani has been specially designed for Indian farmers having small farms. With a compact and lightweight tractor weighing only 550 kg, the crops won\u2019t be damaged due to its use & it can easily be used for intercropping.<\/p>\n\n\n\n

The tractor\u2019s width is only 3 feet, battery life is 7 \u2013 8 years with 3 years of battery warranty. It is a low maintenance product with extended life.<\/p>\n\n\n\n

Founders & their story<\/strong><\/p>\n\n\n\n

    \n
  • Divyarajsingh Bihola, an Automobile Engineer<\/li>\n\n\n\n
  • Prajal Geeta Menon<\/li>\n\n\n\n
  • Anitha Panikar, a teacher<\/li>\n<\/ul>\n\n\n\n

    Anitha is a mother figure to Prajal and they both are into teaching while Divyaraj is a childhood friend of Prajal. Prajal dropped out of Engineering college & he made wheelless generator & scooter out of his passion.<\/p>\n\n\n\n

    Anitha\u2019s family supported him for his innovations such as Geeani which is for the benefits of small-scale farmers.<\/p>\n\n\n\n

    About the company<\/strong><\/p>\n\n\n\n

    The company is yet to launch commercially but they have patented drivetrain technology. They have already received many inquiries about the tractor & people are offering advance to buy Geeani.<\/p>\n\n\n\n

    Founder claims that a diesel tractor consumes fuel worth Rs. 150 to 200 in an hour whereas Geeani would run for 6 to 8 hours in Rs. 100 which is almost 6-8 times more efficient than the traditional tractor. Beta testing for the Geeani has already been done.<\/p>\n\n\n\n

    Revenue\/Investment:<\/strong><\/p>\n\n\n\n

    No revenue generated till date as it is yet to be launched. However, the making cost of Geeani is Rs. 3.8 lakhs & founders have invested Rs. 25 lakhs till date.<\/p>\n\n\n\n

    Founder\u2019s Ask<\/strong><\/p>\n\n\n\n

    Rs. 75 lakhs against 7.5% equity at valuation of 10 crores.<\/p>\n\n\n\n

    Offers<\/strong><\/p>\n\n\n\n

      \n
    • Aman offered the same as the ask which is Rs. 75 lakhs against 7.5% equity at valuation of 10 crores.<\/li>\n\n\n\n
    • Anupam\u2019s offer was Rs. 1 crore against 10% equity at valuation of 10 crores. He offered this on behalf of Aman, Vineeta & himself.<\/li>\n\n\n\n
    • Amit\u2019s solo offer was Rs. 1.5 crore against 20% equity at valuation of 7.5 crores which he later revised to Rs. 1 crore against 10% equity at valuation of 10 crores.<\/li>\n<\/ul>\n\n\n\n

      Final Deal<\/strong><\/p>\n\n\n\n

      Founder accepted Aman, Vineeta & Anupam\u2019s offer i.e., Rs. 1 crore against 10% equity at valuation of 10 crores<\/p>\n\n\n\n

      \n