Torchit Electronics Pvt. Ltd

Hunny Bhagchandani is one of Shark Tank India Season 1's most compelling social entrepreneurs — a first-generation entrepreneur from Ahmedabad, Gujarat, who built a deeptech assistive technology company not from personal disability experience, but from a moment of humility and commitment during an internship at an NGO serving the visually impaired community. Motivated by a desire to make a tangible difference, Hunny turned to his mentor at the NGO — a remarkable individual who happened to be visually impaired themselves. He shared with Hunny the disappointing truth that many interns before him had expressed grand plans of developing a solution, only to fall short on commitment and follow-through. Determined to break this cycle, Hunny resolved to turn his vision into reality.

Torchit's flagship product Saarthi (meaning "charioteer" or "guide" in Hindi) is an AI and ML-based assistive mobility device for visually impaired individuals — a smart electronic aid that uses SONAR technology to detect obstacles in the user's path and communicates this information through different modes of vibration, enabling safer and more confident navigation of any environment. This device vibrates when obstacles are detected in front of the person. It is 99.7% accurate and economically feasible to make life easier and help those in need. Bizlitesolutions The product ranges from ₹1,500 to ₹2,000 and uses sonar — the audio wave system used by actual sharks in nature — combined with patented algorithms. These devices are lab-tested with an accuracy of 99.7%.

Amount Asked: ₹75 lakhs Equity Offered: 1% Implied Pre-Money Valuation: ₹75 crore

To demonstrate the effectiveness of his device, Hunny Bhagchandani voluntarily blindfolded himself and confidently navigated the stage, showcasing the unique and practical capabilities of Torchit's product. Sharktankindiaclub This single act of self-demonstration — a founder willingly experiencing the condition of his users in front of national television — was more powerful than any slide, metric, or testimonial could have been. The pitch established the scale of the problem immediately: India's 7 crore visually impaired population, the inadequacy of existing aids, the prohibitive cost of current electronic assistive technology, and the absence of any affordable, accurate, made-in-India solution. Torchit filled all three gaps simultaneously. The product demonstration with a visually impaired user was equally compelling — showing a real person navigating obstacles confidently with the Saarthi device, in real time, in the Tank.

Vineeta Singh was absent from this episode but had she been present, her exit reasoning (based on prior Shark Tank patterns) would likely have been category mismatch. Namita Thapar and Aman Gupta were both impressed and were reportedly privately discussing making an offer. However, as Hunny shared that he already has an ₹18.5 crore order in hand, they didn't place their offer on the table BizzBucket — suggesting that the large institutional order changed their analysis. Ashneer Grover cited the 25% equity implied in his offer as non-negotiable and exited when it became clear the founder wouldn't accept such dilution. His offer of ₹1 crore for 25% equity was clearly incompatible with a founder valuing the company at ₹75 crore. Anupam Mittal engaged most substantively in the negotiation. Anupam was quite impressed and gave an offer of ₹50 lakhs for 2.5% equity and ₹25 lakhs as debt. Peyush Bansal made the most structured and thoughtful offer. Peyush proposed ₹50 lakhs for a 2.5% equity

Anupam made an offer of ₹50 lakhs for 2.5% equity and ₹25 lakhs as debt. Hunny counter-offered with ₹50 lakhs for 1% equity and ₹25 lakhs as debt. Anupam said his offer was non-negotiable. Hunny showed his thankfulness to the Sharks and showed his conviction by saying no and walking out. The gap between Anupam/Peyush's offer (implying a ₹20 crore valuation at 2.5%) and Hunny's counter (implying a ₹50 crore valuation at 1%) was significant but not unbridgeable in theory. What made it unbridgeable in practice was Anupam's declaration that his offer was non-negotiable — leaving Hunny with a stark binary choice: accept a valuation less than a third of his ask, or walk away. Hunny chose to walk away. The founder's conviction in his valuation and his company's potential was total.

No Final Deal