More About Tohands Smart Calculator
Tohands Smart Calculator allows shopkeepers and small business owners to record Sales & Expenses, Generate Bills, Manage Inventory, Dynamic QR, Audio payment confirmation, and sync with the Tohands App seamlessly.
Founders of Tohands
Satyam Sahu, Praveen Mishra, and Shanmugam are the co-founders of Tohands, an all-in-one device for shopkeepers.
Tohands Shark Tank Pitch and Updates
Satyam Sahu, Praveen Mishra, and Shanmugam appeared on Shark Tank India season 3, sharing details about their smart calculator.
The founders started their pitch by sharing the issues faced by small shopkeepers while keeping a record of their sales and expenses. They often have to keep looking for their mobile devices to track the sales and expenses which is not an effective process.
To help them, the founders created a smart calculator device by adding Cash In and Cash Out buttons for shopkeepers to help them record sales and expenses. In the next version, the shopkeepers will be able to record item-wise inventory. The transaction data is recorded, saved, and synced in the Tohands app.
After that initial pitch, the founders demanded INR 55 Lakhs for 1% equity at a valuation of INR 55 Crores.
After that, the Sharks started asking various questions about their business:
- The Sharks received the Calculators for a demo and also the founders demonstrated how the device works.
- Aman Gupta asked them what feedback they received from the first few customers. He also asked them about their sales and revenue.
- Radhika Gupta asked the founders how they would compete with other Calculator makers and why they were not focusing on adding such functionalities.
- Anupam Mittal asked the founders about their previous investment rounds and the valuation they received.
- Varun Dua asked them about their manufacturing facility, subscription cost, and other business details.
After all the discussion, the founders received multiple offers from different Sharks. In the end, the founders went with a combined offer from Radhika Gupta and Varun Dua.
| Company Name | Tohands |
| Founders | Satyam Sahu, Praveen Mishra, and Shanmugam |
| Headquarters | Mumbai |
| Founded Year | 2018 |
| Business | Smart Calculator Devices |
| Profitability | – |
| Shark Tank Episode | Season 3 – Episode 25 |
| Asked For | INR 55 Lakhs for 1% equity |
| Deal | INR 60 Lakhs for 2% equity |
| Sharks Invested | Radhika Gupta and Varun Dua |
| Valuation Given | INR 30 Crores |
| Website | Click Here |
Tohands secured a deal of INR 60 Lakhs for 2% equity at a valuation of INR 30 Crores from Radhika Gupta and Varun Dua.
Frequently Asked Questions About Tohands
After their appearance on Shark Tank India Season 3, people tried to find more information about Tohands. So here are some of the frequently asked questions about them.
1. Who Is The Founder of Tohands?
Satyam Sahu, Praveen Mishra, and Shanmugam are the co-founders of Tohands, an all-in-one device for shopkeepers.
2. Is Tohands From Shark Tank India profitable?
There are currently no details about the profitability of Tohands as they were yet to launch their version 4 at the time of their Shark Tank India pitch.
3. What happened to Tohands after the Shark Tank?
Tohands was able to secure a deal on Shark Tank India and now they will be focusing on scaling their business by selling at least 1 million devices.
4. What Is The Valuation of Tohands?
Tohands was able to secure a deal in Shark Tank India at a valuation of INR 30 Crores.
