What Happened to Kibo After Shark Tank India?

Kibo is a patented technology-based product that is capable of reading out loud any document in multiple languages.

More About Kibo

Kibo as a product can read 60 languages in printed, handwritten, and digital formats. It can also translate the same into 100+ languages to help people easily access the content.

The team behind Kibo is working together to make the world more inclusive for everyone.

Founders of Kibo

Bonny Dave and Akshita Sachdeva are the co-founders of Kibo, an AI-based product that allows visually impaired and blind people to access content in audio format.

Kibo Shark Tank Pitch and Updates

Bonny Dave and Akshita Sachdeva appeared on Shark Tank India season 3 and shared details about their unique product Kibo by Trestle Labs.

The founders started their pitch by handing over a note to all the Sharks. They asked the Sharks to read the notes without opening their eyes. As the Sharks were not able to read the notes, the founders shared further that India has more than 2 crore visually impaired and blind people.

These people always find it difficult to access content for schools, colleges, and offices. It takes much time to convert written content and documents into audio format for them.

To help people with a solution, they built Kibo, which allows them to translate and hear out loud any written document in 100+ languages.

As per the founders, in the last few years, they have connected with more than 600+ institutions and have helped 1 lac+ individuals access content in the right way. They also shared that Kibo has been set up in the library of Indian Lok Sabha.

After that initial pitch, the founder demanded INR 60 Lakhs for 1% equity at a valuation of INR 60 crores.

After that, the Sharks started asking various questions about their products and business:

• Radhika Gupta asked them about their career background and how they ended up in this business domain.
• Aman Gupta asked them to demonstrate the product and how it works for blind people.
• The founder told the Sharks that they have 4 products in their Kibo suite including a mobile app, web software, an access kit, and a 360 model.
• Anupam Mittal asked them about their technology and what makes them different in terms of features and specifications.
• Peyush Bansal said that their product and specifications are not adding up and he finds that something is missing.
• Ronnie Screwvala asked the founders about their pricing model and how much the consumer pays for using their technology and products.

After all the discussion, the founders received two different offers from different Sharks. In the end, they went with a combined offer from Peyush Bansal and Ronnie Screwvala.

Kibo secured a deal of INR 60 Lakhs for 6% equity at a valuation of INR 10 crores from Peyush Bansal and Ronnie Screwvala.

Frequently Asked Questions About Kibo

After their appearance on Shark Tank India Season 3, people tried to find more information about Without. So here are some of the frequently asked questions about them.

1. Who Is The Founder of Kibo?

Bonny Dave and Akshita Sachdeva are the co-founders of Kibo, an AI-based product that allows visually impaired and blind people to access content in audio format.

2. Is Kibo From Shark Tank India profitable?

Yes, Kibo is a profitable company right from the first financial year. They had a projected net profit of 30% ar a revenue of around 5 crores.

3. What happened to Kibo after the Shark Tank?

Kibo was able to secure a deal from Shark Tank India and would be using the investment and collaboration to scale the business further with a different vision and approach.

4. What Is The Valuation of Kibo?

Kibo was able to secure an investment in Shark Tank India at a valuation of INR 10 crores.