80Wash is a waterless washing machine manufacturing company. Their washing machines use Immediate Supersaturated Phase technology for which the company has already filed a patent.
More About 80Wash
At present, 80Wash is available for B2B businesses such as hotels, hospitals, salons, etc. They will be launching a domestic version soon that can be used for household purposes.
Below are some major features of 80Wash
- Washes clothes in 80 seconds
- Uses only half a glass of water
- Works well for washing clothes at a scale.
Founders of 80Wash
Nitin K Saluja, Varinder Singh, and Rouble Gupta are the co-founders of 80Wash, a waterless washing machine brand.
80Wash Shark Tank Pitch and Updates
Nitin K Saluja, Varinder Singh, and Rouble Gupta appeared on Shark Tank India to raise funds for their business 80Wash. They started their pitch by sharing the issues that people usually face with traditional washing machines.
After the initial pitch, 80Wash’s founders demanded INR 1 crore for 2.5% equity at a valuation of INR 40 crores.
The demonstration of the product didn’t go well as per their claims and they were not able to wash the stains on the cloth. The Sharks were also not impressed with the efficiency of the machine for commercial purposes.
After all the discussions, Kanikka Dewanii received multiple investment offers from Anupam Mittal, Vineeta Singh, Peyush Bansal, and Azhar Iqubal. In the end, Kanikka went with a combined offer from Peyush Bansal and Izhar Iqubal.
| Company Name | 80Wash |
| Founders | Nitin K Saluja, Varinder Singh, and Rouble Gupta |
| Headquarters | Chandigarh, Punjab |
| Founded Year | 2021 |
| Business | Innovative Washing Machines |
| Profitability | Yes |
| Shark Tank Episode | Season 3 – Episode 4 |
| Asked For | INR 1 crore for 2.5% equity |
| Deal | No Deal |
| Sharks Invested | No Deal |
| Valuation Given | – |
| Website | Click Here |
Mintree got a deal of INR 90 Crores for 1.5% equity at a valuation of 60 Crores from Peyush Bansal and Azhar iqubal.
Frequently Asked Questions About 80Wash
After their appearance on Shark Tank India Season 3, people tried to find more information about 80Wash. So here are some of the frequently asked questions about them.
1. Who Is The Founder of 80Wash?
Nitin K Saluja, Varinder Singh, and Rouble Gupta are the co-founders of 80Wash, a waterless washing machine brand.
2. Is 80Wash From Shark Tank India profitable?
Yes, 80Wash is a profitable startup and they were able to sell 40 machines in the last 2.5 months to various entities.
3. Why No Shark Invested In 80Wash?
Below are some major interactions that they had with the Sharks and the reasons why they didn’t invest in 80Wash:
- Vineeta Singh left the deal because she was not impressed with the outcome of the demo.
- As per Azhar Iqubal, the founders were not able to build confidence and thus he left the deal.
- Aman Gupta even mocked the product and called it a water-boiling machine.
- Peyush Bansal also left the deal because of a lack of confidence in the product.
- Anupam Mittal was not happy with the product and the market that they were choosing.
4. What Are The Sales of 80Wash After Shark Tank India?
As per their official website, they have stopped taking any orders as they do not have a stock as of now. They will resume their sales after April 2024.
5. What happened to 80Wash after the Shark Tank?
80Wash was not able to secure a deal from Shark Tank India and the product didn’t perform as per their claims on the show.
