Atypical Advantage is said to be India’s largest inclusive platform that ensures a livelihood for the specially-abled people of the country. They have partnerships with multiple companies and NGOs through which Atypical Advantage employs the specially-abled ones.
The company’s vision is to create a world where everyone, irrespective of their special abilities, gets equal opportunities so that companies like Atypical Advantage do not have to come forward.
More About Atypical Advantage
Vineet Saraiwala, the founder of Atypical Advantage, appeared in Shark Tank India Season 2 Episode 8 with his innovative idea. The business has been in operation since 2020 and is impacting society by employing 1000+ specially-abled ones in various fields.
The unique features of the Atypical Advantage include the following-
- They provide employment opportunities to specially-abled people.
- They also have a monthly retainer package they provide to their partner companies, allowing them to accustom their candidates after their placements.
Atypical Advantage Shark Tank Pitch and Updates
The founder of Atypical Advantage appeared on Shark Tank India Season 2 Episode 8 and demanded INR 30 lakhs for a 1% equity at a valuation of 30 crores.
After the initial pitch, Vineet Saraiwala asked the sharks if she could show them his website. He went on to explain the different categories they have on their website. From magicians to comedians listed on their website can be booked for corporate or other cultural events.
The second category is Atypical art, where artists and arts are listed that one can hire or buy, respectively. The last and most important one is inclusive hiring. It contains a list of freelancing and full-time job opportunities for the specially-abled masses.
After learning about their platform, Namita inquired whether they provide post-sensitization workshops in companies after placements and, if yes, what the charges are.
Vineet explained their monthly retainer package, which they provide to the companies. It includes disability sensitization, post-placement support, job mapping, consulting, interview scheduling, and sign language support.
Aman and Peyush were curious to learn how to plan to take the company further, whether he wanted to have a societal impact over financial gains or scale it as a business.
They also wanted to know how to come to a valuation of INR 30 crores when he makes approximately INR 1 crore a year. To this question, Vineet replied that they had already raised a seed round of INR 1 crore at a valuation of INR 7 crore last December.
Anupam was the first to offer INR 30 lakhs for 4.29% equity, valuing the company at INR 7 crores. Aman and Namita were also interested in joining the offer, so they offered the deal together.
Peyush asked him about his angel investors and the equity he had already given up. After learning the details, he was interested in giving an offer. So he offered a deal of INR 1 crore at 12% equity, valuing the company at INR 8.33 crores, but he wanted to do the deal alone.
Vineeta was unable to take the deal forward since she believed that he already had amazing offers on the table.
Vineet gave a counteroffer of INR 1.2 crores for 10% equity, and he wanted all four sharks. However, he wanted Peyush to give 90 lakhs and the rest three INR 30 lakhs collectively because he believed that this was a problem that everyone needed to take part in to solve effectively.
Anupam tried to give a better counteroffer where he and Peyush would invest INR 45 lakhs each and Namita and Aman INR 15 lakhs individually.
However, Peyush was not convinced by the idea since he felt that too many investors were already involved in the business. He stood to his offer but was ready to come down at 10% equity for INR 1 crore.
This created a mild feud between Anupam and Peyush, and Anuoam wanted to get out of the deal, stating there was no point in just putting money into the cause and not having an agenda.
Finally, Anupam and Peyush both were out of the deal, but Aman and Namita were still there to give him the offer. They gave him a final choice to accept INR 30 lakhs for 3% equity valuing the company at INR 10 crores.
|Company Name||Atypical Advantage|
|Business||Platform to provide employment opportunities for the specially abled.|
|Shark Tank Episode||Season 2 – Episode 8|
|Asked For||INR 30 lakhs for 1% equity|
|Deal||INR 30 lakhs for 3% equity|
|Sharks Invested||Aman Gupta, Namita Thapar|
|Valuation Given||INR 10 crores|
Atypical Advantage got a deal of INR 30 lakhs for 3% equity at a valuation of INR 10 crores by Aman and Namita.
Frequently Asked Questions About Atypical Advantage
After their appearance on Shark Tank India Season 2, people were trying to find more information about Atypical Advantage. Here are some of the frequently asked questions about them.
1. Who Is The Founder of Atypical Advantage?
The founder of the company is Vineet Saraiwala. He is visually impaired but has created an amazing platform that allows the specially-abled masses to get employment opportunities.
2. Is Atypical Advantage profitable?
Atypical Advantage is a company launched in 2020, but they are already making some profits.
3. Why did the Sharks not invest in Atypical Advantage?
Vineeta was the first to walk out of the deal since she felt he already had too many good offers on the table. However, Anupam and Peyush later were out of the deal due to a slight disagreement during the negotiation process.
4. What happened to Atypical Advantage after Shark Tank?
Atypical Advantage got a great deal on Shark Tank India from Aman and Namita. However, we are following them regularly and shall update you if there’s any latest news.