Lenskart co-founder and one of the popular sharks of Shark Tank India, Peyush Bansal shared an important update on the biggest concerns and what it will take to make Jugaadu Kamlesh’s cart more useful. At the show, Jugaadu Kamlesh aka Kamlesh Nanasaheb Ghumare, a young entrepreneur from Malegaon, Maharashtra made everyone emotional with his spirit and intent to help poor farms with easy technique cart for sowing seeds, spraying pesticides and more. Peyush Bansal was the only shark who decided to invest in his project and recently shared an update on the same.
“Everyone I meet these days has one question….what is update on Kamlesh from @sharktank.india? While I don’t believe in talking about things till we achieve something, because of popular demand…here is a quick update… We have initiated a process of design and consumer validation of the cart with help of a team of professional Industrial designers. Design Team visited Malegaon and nearby farms, spent time with different farmers and different crops, along with @jugaadu_kamlesh, Naru and took a lot of feedback,” Peyush wrote on Instagram.
He then went on to share, “Biggest concerns are : weight of Cart, movement on different uneven terrains and width of cart (as alley size is small in certain crops) Next steps : Find creative solutions to these problems, do design optimisations and go back and test again. Some pics attached. Hope it helps to keep the momentum and hopes high 🙂 Will keep you posted !!! Cheers.”
On Shark Tank India, Peyush invested in Kamlesh’s cart project by offering him Rs 10 lakh in return of 40 per cent equity along with an interest-free loan of Rs 20 lakh.
