- 19 hours ago
Category
😹
FunTranscript
00:30I did my engineering from IIT Kharagpur and I did my MBA from IIM Calcutta. I am a CFA Charter Holder.
00:36I did my engineering from IIT Delhi and I did my MBA from IIM Calcutta. I was a silver medalist in IIT Delhi and I was a rank holder in IIT Delhi and I was a rank holder in IIM Calcutta.
00:44I did my engineering from IIM Calcutta.
00:52Entrepreneurship is a luxury.
00:54I like that.
00:55One person who has a sister's wedding, doesn't have a home, has an education loan, has a father's debt, that is me by the way, he can't think of a start-up.
01:06The only difference between a survivor and a normal person is one who doesn't give in.
01:23So I was working in the company, building a building on which was a helipad.
01:37So I went and said that I can't land on this helicopter. So no one took me seriously.
01:43I think that's what turned me around. And I packed my bags and I moved to London.
02:00I worked in the company. All white people were there.
02:03A dialogue passed there. I was like, Kanika, India, aviation, it's not going to work.
02:07I said, boss, now you have to do a wrong person. Now you have to do a wrong thing.
02:12I was like, boss.
02:16So I have to ask my father to ask my father to do a job.
02:20But the day I reached home, the next day I was diagnosed with cancer.
02:26Cancer was a big turning point for me.
02:28You know, and I always say, whatever I am today, I am because of cancer.
02:31Cancer made me believe that I am invincible.
02:36My relatives, my mother, were telling me that I was able to do this.
02:40I remember I walked down the stairs and I said that in five years I will be on the cover of Fox.
02:44I literally packed my bags and ran away from home.
02:46And I moved to Delhi.
02:47And I think in two years, without owning a single plane, we became the largest private jet fleet in the country.
02:54I changed the whole industry.
02:56Sometimes you need that constant fire of people provoking you to keep fighting.
03:00You know, when people have really got me where they are, it is my time to give back.
03:13People can say welcome to me so you can not say hi.
03:15We have a reallyyan fire of people before.
03:20People can say welcome for me.
03:21It is my brother.
03:22You are a great welcome.
03:23No, I am glad.
03:23No, I was a good guy.
03:24No, I am glad.
03:25No, I am glad.
03:26I am glad to be here.
03:26No, thank you.
03:27No, thank you.
03:28No, thank you.
03:29No, as I am glad for you.
03:30No one who was a good guy.
03:30No, I can tell you, it is.
03:31No one who had no welcome you.
03:33Mike, I am good to tell you.
03:34My husband.
03:35You felt welcome you.
03:38I didn't think, to tell me.
03:38I was very welcome you.
03:39Don't say hi.
03:40Don't say hi.
03:41Don't say hi.
03:42Don't say hi, don't say hi.
03:43Thank you, Shahj.
03:44What's going on about my relationship?
03:46I'm a poor girl.
03:50My sister asked me if you like a large cap or a small cap.
03:54I asked him if you fit in your head.
03:59He said, no, you send me your portfolio.
04:02So, I sent you my portfolio.
04:04So, they stopped taking my phone.
04:07I'm not surprised.
04:09You will understand this.
04:11I haven't come to all these things.
04:12I haven't come to match off here.
04:14The category is stock market.
04:16Please welcome Multibag.ai and Sovereign.
04:19One against three.
04:20Not fair.
04:21Yes.
04:22I'm Aditya, founder of Multibag.ai.
04:25Hi, Shahj.
04:26I'm Aditya, founder of Multibag.ai.
04:27Hi, Shahj.
04:28I'm Apulva from Team Sovereign.
04:29I'm Aditya from Team Sovereign.
04:30Hi, Shahj.
04:31I'm Akriti from Sovereign.
04:32Hi, Shahj.
04:33Hi, Shahj.
04:34I'm Akriti from Sovereign.
04:35Hi, Shahj.
04:36I'm Akriti from Sovereign.
04:38Hey, Shahj.
04:39I'm Aditya, founder of Multibag.ai.
04:41Hi, Shahj.
04:42I'm Apulva from Team Sovereign.
04:44I'm Aditya from Team Sovereign.
04:46Hi, Shahj.
04:47I'm Akriti from Sovereign.
04:49See, all Aditya.
04:52Look in Akriti.
04:53Look, this is all Aditya.
04:56I can trip you off every picture in front of you
04:58and my business go to 되�arden,
04:59and you will be able to pitch your business,
05:01thus you will meet the same amount of time.
05:03After the time, this bell
05:19If you want to invest in one, in two or in me, then we'll do it in a second.
05:26Toss.
05:30No one has fallen in the hole.
05:33Let's go.
05:36Sovereign is a Toss. What do you want to do?
05:39We'll go first. We'll go first.
05:41They've taken the decision to do the first before.
05:45Let's go with me. You didn't ask me, but I'm out.
05:48See you, Aditya.
05:55Sharks, there are more than 5,000 listed companies in India.
05:59And each company's data is this.
06:01About 3,000 pages.
06:04That means a total of 1,000,000 pages.
06:07Any investor, whether it's a beginner or advanced,
06:10if you want to invest in these shares,
06:13how will they discover the right stocks or analyze?
06:18Oh, man. Sovereign, where we make all the data so simple.
06:24Namaste, Sharks. We are founders of Sovereign, a stock discovery, analysis, tracking and teaching platform.
06:32Our analysts, with the help of the tech,
06:35we provide all the relevant information to investing in a simplified form.
06:39And we started to promote financial literacy,
06:42we've also started to learn investing.
06:44Because as we all know,
06:46today we don't provide basic financial education in India's major courses and colleges.
06:51We're fully bootstrapped and profitable from day one.
06:56On the date of today's date,
06:57many of the bizarre investors have been mixed with Sovereign.
07:00Very nice.
07:01We want to be able to become every Indian financially independent,
07:05or sovereign.
07:07For this, our ask is 1 crore for 1% equity.
07:11Wow.
07:12Sovereign.
07:12Think, understand, study, invest, invest.
07:15Ah, what a lot.
07:17Akhri, Aditya Purva.
07:18Yes.
07:20Can you tell us something about it please?
07:21I did my engineering from IIT Kharagpur.
07:23Wow.
07:24And I did my MBA from IIM Calcutta.
07:26Wow.
07:27I'm a CFA charter holder.
07:28That's it?
07:29Sorry.
07:29How much?
07:31You're not going to finish the list.
07:33And then I joined DB, Deutsche Bank.
07:35I worked for 5 years in equity research.
07:37Wow.
07:38And then I joined Credit Suisse.
07:40At that time, I was talking about Aditya.
07:42He's my batch mate from IIM Calcutta.
07:44So he told me about his idea of this platform
07:46that he was envisioning to build.
07:48Which I was very fascinating, exciting and purpose-driven.
07:51So I really wanted to be a part of it.
07:53And that's how we started Sovereign.
07:55You're very good.
07:58I've done my engineering from IIT Delhi.
08:00And I've done my MBA from IIM Calcutta.
08:01I was a silver medalist in IIT Delhi.
08:05And I'm a rank holder in IIM Calcutta.
08:07Then I worked for 6 years in BCG.
08:09Then I worked for 1.5 years in Lenskart.
08:11I was reporting to Piyush.
08:12I was a vice-president there.
08:15Your car is very good.
08:16It's very good.
08:19From BCG, I got a Lenskart.
08:21It was very good.
08:22After that, I joined Stand The Living.
08:24I was a senior VP.
08:26I was looking at strategy there.
08:27Good.
08:27And then we started Sovereign.
08:291 January 2003, we started Sovereign's commercial operations.
08:32Got it.
08:33And you, Apoorwa Ji?
08:34You've got a very high bar set.
08:35How many more IIMs do you have?
08:37Yeah.
08:38I've done B.T.E.C. from IIT Delhi.
08:41What's your relationship between IIT?
08:43You're both friends.
08:44We're both friends.
08:45Who's the best in IIT in IIT?
08:47I was a 480-1.
08:49Okay, so what's your idea about Sovereign?
08:52I'm also a professional investor.
08:55I have a lot of listed companies in the stock market.
08:58I own 0.2% from today's date.
09:01Small cap?
09:02Yes.
09:02Small cap?
09:03Yes, small cap.
09:05How many years do you invest?
09:06I invest in 7 years.
09:07What is your IRR?
09:08It's more than 40% of the IRR.
09:10Well done.
09:11I give companies their filings in the stock exchange.
09:15I was able to learn a lot of them.
09:17So, people don't learn the filing data.
09:20And that data is a lot more.
09:21I think there are 2,000 filings in the day.
09:23You've studied IIT, IIM,
09:25so you've studied it.
09:27If you're thinking about anything else,
09:28then you'll learn the filing.
09:30Who's studying so many?
09:32We've studied 1,000,000 filings.
09:34Warren Buffett is studying.
09:35So you're in good company.
09:37Do you check off-line channel checks?
09:39We don't do channel checks.
09:42Channel checks is an on-ground research method
09:45which analysts and investors
09:47talk to retailers and distributors
09:50to understand how the pricing, demand, and inventory
09:54is going to be compared with management estimates.
10:00So that risks like channel stuffing, weak demand,
10:04can be understood.
10:07Is this like quarter?
10:08Sorry?
10:09There's a company in US.
10:10It's called Quarter.
10:12It's one of the leading companies there.
10:15Essentially, they analyze filings and synthesize it.
10:19And they extract intelligence from it.
10:21That's what I do.
10:22Our approach is bottom-up,
10:24because we go into individual companies.
10:26We're not only doing tech.
10:27We're actually trying to understand every company.
10:30We're doing equity research on every company.
10:32Exactly.
10:32Let's see the demo.
10:33There are four components of our platform.
10:36Discovery, analysis, tracking, and teaching.
10:39There are also our apps.
10:41There are also our website.
10:42So how can customers consume it?
10:44We go to Discovery, which is our flagship product.
10:47We get logic-based stock discovery solutions.
10:50We're going to show you a lot of buckets.
10:52We're going to show you a lot of revenue guidance.
10:53We're going to show you what guidance this year.
10:56You'll get data from it.
10:57So like the first company has 135% growth guidance.
11:01We're going to show you 135% growth in this year.
11:04Now, you can analyze the entire company's growth plan and red flags.
11:08This is a real company's mark?
11:10A real company.
11:10Okay.
11:11Data analysis, AI-based or manual?
11:13We're currently manual, but we're moving to AI.
11:16Okay, so what is the takeaway then?
11:17These are red flags for the company.
11:19The company has issues.
11:20You can interpret this data and interpret it.
11:22Normally, if someone wants to study this data,
11:26then the data that you're doing is studying there.
11:29You're taking the data here and you're consolidating.
11:32You're making concise because you'll have to study all the pages.
11:35No, no, no, no, not necessary.
11:37Not in today's time.
11:39Who specializes with financial information?
11:43If we use LLM,
11:44then you'll get exactly the information.
11:47Perplexity has made it.
11:50Perplexity.
11:53We have an allegation and investigation database.
11:56So, if a promoter had a few cases before a promoter,
11:59or 20 years before,
12:01then we've made a database.
12:02We'll give you an example.
12:04Who's name is wrong?
12:05We'll take the name.
12:06They're not taking the name.
12:08In this company, fake supply orders, circular transactions, undisclosed party transactions.
12:12These were all problems.
12:13It's our pulse section.
12:15You can track it.
12:16You can put your portfolio here.
12:18And it's AI, the chart GPT.
12:20You'll get a filing summary.
12:22Next point is the promoter interview, which is our property data.
12:25And the data that comes from channel checks,
12:27is only ours.
12:28This is our last product.
12:29Through recordings, you can learn investing.
12:32We charge it.
12:33We charge it.
12:34Pricing is 20,000.
12:35People who invest,
12:37they're always looking for an undervalued stock in today's context.
12:41And when you're at the right time,
12:43what price is it that you need to exit?
12:46If I'm using this platform,
12:47can I find this information?
12:49We don't give any entry point or exit point.
12:52It's on your own.
12:53We'll teach investing and give more data.
12:56So what is the roadmap of this product for the future?
12:59We don't want to go to advisory.
13:00So who are the users that are using the platform?
13:02So 50% of our users have less experience than 1 year.
13:06And 50% of them keep more than 1 year.
13:08But the ones who get the investment,
13:11they don't get the data interpretation properly.
13:13We invest on the path and the path and the path and the path.
13:17This is a way that many people come to India.
13:20Why don't people use the concept of this concept?
13:23Basically, today's multiple is 50% of a company.
13:28Now, let's say, that company can be tripled in one year.
13:32Okay.
13:33Its forward ratio is 50 by 3.
13:35That means 17 forward ratio.
13:36Now, you'll compare the 17 ratio of the company's fair multiple
13:40and get upside out of the company.
13:42Instead of comparing the present P.E. multiple,
13:44if it's a growth company, especially profitability-wise,
13:48then it's better to compare forward multiple.
13:50But if people don't be sophisticated,
13:53they don't think so much.
13:54It's only the current comparison.
13:55That's your point.
13:55Correct.
13:56Got it.
13:56What customer split is your 1.5 lakh people?
13:59So 1.5 lakh, our sign-up,
14:01our paid customer,
14:02who has received sovereign subscription for today,
14:05is 18,000.
14:06Okay.
14:07Do you understand the revenue model?
14:07Yes, I understand.
14:08So our 45 days is a free trial.
14:10After 45 days, access is finished.
14:12If you want to upgrade, you like pay.
14:14And if you don't want to upgrade, you don't pay.
14:16And if you don't upgrade, you won't get anything.
14:18It's not free.
14:19It's not free.
14:20We have portfolio tracking.
14:21Then it is free.
14:22Then it is free.
14:23Okay.
14:23Our daily newspaper comes at 8 o'clock,
14:25and it's important news for the day.
14:27If you need our daily newspaper,
14:29it's about 350 rupees.
14:31If you need our full data, it's about 5,000 rupees.
14:33So these 18,000 subscribers give you 5,000 rupees?
14:3818,000 are unique customers.
14:39In our FI 25,000, we had 14,000 customers.
14:42In 14,000, we bought 6,000 rupees,
14:44which is about 300 rupees.
14:46And 8,000 have made full access.
14:48So how much revenue was?
14:493.5 CR, including GST.
14:523 crore net revenue.
14:55Last to last year?
14:562.4 crore, including GST.
14:59And 2 crore net of GST.
15:01What is the run rate going on?
15:03This year, we have done 1.4.
15:05We have a 2.2 point beer market.
15:07So we will be able to get started.
15:09Maybe we haven't been left behind.
15:12Has the AI race overtaken us?
15:17Our data is far better than anyone else.
15:19So basically, HRGPT is exposed to the net.
15:23So there are a lot of fake filings, etc.
15:25that also get factored in when they are using to interpret the data.
15:28Our data comes from good sources
15:31and we have multiple sources used.
15:33Now, you can't distinguish PR and fake filings.
15:37Unless you know how channel checks are and what they are,
15:40AI will not be able to do it.
15:41Because PR happens and AI is exposed to the full internet.
15:44And financial data cost of error is high.
15:47Today, every LLM is competing with the other one.
15:51So they are doing all specializations.
15:53But no one can do channel checks.
15:55No, but if it was the main USP channel check.
15:59Why are they giving only 8,000 customers 5,000 rupes?
16:02Yeah.
16:04At this time, investors are in the market because they are in the market.
16:09I am fairly sure once the bull market returns, our numbers will again start going up.
16:14He said, she said.
16:15Let's move on.
16:16What was your equity and what split?
16:19So, shareholding split is 92.99% for me.
16:22Wow.
16:23I am sorry, I am sorry.
16:26No, it's okay.
16:27You can see a passion for me.
16:295% with me, 2% for me.
16:31What?
16:32Why did that happen?
16:34Is that the girl?
16:35Why did that happen?
16:36Initially, we gave it to her family and then, yeah.
16:40Family, family, and you took it all.
16:41Family, you gave it all and gave it all?
16:45Do you draw a salary?
16:46Yes, salary draw.
16:47How much do you draw?
16:481.5 lakh.
16:49In this year, I am 0.
16:50I draw around 1.5 lakh.
16:52But this is a little weird.
16:56Actually, the whole idea of Sovereign's Aditya was his brainchild.
17:01I still agree.
17:02But I don't agree to the fact that you are in equity.
17:06You have seen the cap tables.
17:09Why is it 2%?
17:17I didn't want to give this answer.
17:19No, no, I can give this answer.
17:21I can give this answer.
17:22You give it.
17:23Say it.
17:24We have done it together.
17:25And we both have done it.
17:27So give it 50% and then take that feeling.
17:29It won't be like that.
17:32Akriti, are you happy with what you have built and the direction in which you are going?
17:36I am actually very happy with what we have built because the customers use our platform, they like it so much, they actually want to either join Sovereign as employees or they want to invest in Sovereign.
17:47But your numbers don't reflect that.
17:51Why do you not react to that if you want to invest in your company?
17:54Because we want to perfect our product.
17:56We are going to perfect our product.
17:59We have a lot of time for the product.
18:01Trust me.
18:01After that, you will really lose the race.
18:03Have you tried to race?
18:04In the beginning, you will have one or two conversations in the beginning.
18:06Do you have any interest in the beginning?
18:08No.
18:09What is your team size?
18:1122 people.
18:1210 analysts.
18:134 tech.
18:154 marketing.
18:17And 4 sales.
18:18How do you acquire customers and what cost customer acquisition?
18:21CAC is for a paid user 450 rupees and for a free user for a trial 45 rupees.
18:27We create our organic content.
18:29We have our following on Twitter.
18:31It's 1,500,000,000.
18:34We have our 40,000 followers on YouTube.
18:36We have our 80,000 followers on Instagram.
18:38We have our 5,000 followers on Instagram.
18:39We have our 15,000 followers on Instagram.
18:41We have our highest conversion in India.
18:43We have our highest conversion in India.
18:45We have our highest conversion in our 11%.
18:47We are going to compete with one another company.
18:48What do you have to do with that?
18:50Look, you can see their AI.
18:51You can see it.
18:52It's a very generic globe answer.
18:53They have AI.
18:54Yes, they have AI.
18:55Quality is not up to the mark.
18:57Wow.
18:58You are talking openly about this.
18:59Himach, it was very good.
19:00We have used it.
19:01What did we try to do with that?
19:02We have used it. 100%.
19:04There is something positive that is not good for you.
19:06The founder is fantastic.
19:07So, you are not fantastic.
19:09No, no, no, no.
19:10Tell us a negative.
19:11We have to make AI a little bit back.
19:13We have to make AI a little bit back.
19:14And in marketing?
19:15Yes, we do not have to do marketing.
19:17All right, guys. Thank you so much.
19:19Thank you so much.
19:20Thank you so much.
19:21Thank you so much.
19:22We'll see you soon.
19:23Hello, Shaks.
19:44Hello, Shaks.
19:49When you invest in the stock market, Indians follow just three things.
19:53Financial Influencers' tips,
19:55URTI URTI AFFAHAYE,
19:57and FUFA CHACHA's guiranties.
20:00In this world, they are falling out of this information.
20:03They are not able to take confident choices.
20:05That's why I have created Multibank AI.
20:08This is an AI-native stock research platform.
20:11Here, we analyze the thousands of companies
20:15of NSE and BSE's millions of documents
20:17and analyze the investors in a crisp and clean way.
20:21We are a conversational first platform.
20:24In this world, investors ask all their questions
20:27in our smart chatbot, IRIS,
20:29and they answer it as a companion.
20:33Not so much, investors discover their new stock ideas
20:37and understand their portfolio
20:41and research their 10x faster stock ideas.
20:44Everything is the help of AI.
20:46Shaks, I am Adityanand, Hungary, Bihar.
20:49I have seen a lot of financial struggles in my life.
20:53With that struggle, I am transforming
20:55in an empowering financial product with multi-bag AI.
20:59To launch it in the entire country,
21:01today, I ask for 50 lakh rupees for 2% equity in my company.
21:06Because sharks are investing, they are informed,
21:09but not.
21:09Sad, sad, sad.
21:11Adityanand, Shark Tank Season 5.
21:14I welcome you.
21:15You will tell us one time.
21:17I come to Munger, Bihar.
21:19My grandfather lost his entire family in plague.
21:23Which year?
21:24Independence time.
21:26Sorry, dear.
21:26After that, my father had the same financial hardship.
21:30After that, my super 30 was qualified.
21:32After that, I went to Anand Kumar in Super 30.
21:35I was in the first attempt, I was in IIT Kanpur.
21:39American Express is a pan-India hackathon
21:41for machine learning and AI.
21:43I came first in IIT Kanpur.
21:45And from there, I got a placement into American Express.
21:48I made a lot of machine learning and AI models.
21:51I worked on small language models
21:53when the world didn't know so much about language models.
21:56BERT, Fast Text, Word2Work,
21:58my love for finance took me to Goldman Sachs.
22:02My career was one of the best periods.
22:05I worked for almost 12-14 hours every day.
22:09In 2023, I quit Goldman.
22:12I took 4-5 months of break.
22:14And then, in early 2024, I started Multibag AI.
22:17You said you're from Munger.
22:19What do you say in Munger?
22:21What do you say in Munger?
22:24Munger.
22:24Munger is a country pistol.
22:26Munger doesn't want to go for it.
22:28Yes, he wants to go.
22:29He also wants to go for it.
22:31And also wants to go for yoga.
22:34There's a yoga university.
22:35No, people promote the wrong things.
22:40In the environment,
22:42you will be an exception of IIT Kanpur.
22:46My brother did engineering.
22:48His IIT didn't have IIT.
22:50So I went for it.
22:55My mother and father both struggled.
22:57But it was easy to get the scholarship.
23:00Because there was no expense.
23:01And I had my district topper on the 12th standard.
23:05So parents were very supportive.
23:08Parents, yes.
23:09They did a lot.
23:11I studied in that school.
23:12My mother taught me.
23:14And that's why my education was free.
23:17That's why education was made.
23:19Very good. Good for you.
23:20Credit to your parents.
23:21And then Goldman was here's journey.
23:24Why did he come here?
23:25The way institutions invest.
23:28And you can see a retail investor
23:29on how they invest.
23:32There's a lot of difference.
23:33There's a lot of tips.
23:34Some friends have said something.
23:36They invest.
23:37So for a retail investor,
23:39we need to create an institutional-grade solution.
23:42The investors face four big problems.
23:46The first is how to discover new stock ideas.
23:50The second is how to do deep research in that company.
23:53The third is how to create a portfolio.
23:55How to understand your portfolio.
23:57And the fourth is that when you've done so much,
24:00you've invested in that company.
24:02How do you track them?
24:04There's a lot of interaction with humans.
24:07That is changing.
24:09Today, it's text-based.
24:11I can bet my bottom dollar.
24:13After two years,
24:13it will be voice-based.
24:15And five years, ten years down the road,
24:17it will be video-based.
24:19So, a conversational first platform was required.
24:22And the second is a platform
24:24which solves these four problems.
24:27Aditya,
24:27a company came first.
24:29She's already working for three years.
24:33So, Sovereign is primarily a stock discovery platform.
24:37And Multibag AI is a comprehensive platform.
24:40And the second is,
24:41it's a conversational platform
24:42where you can answer questions and answers
24:44like you ask in chat GPT or perplexity.
24:46So, it's not competition?
24:47No.
24:48Because the way Iris
24:50comprehensively answers a lot of questions,
24:53very few people are doing it.
24:55I think, if you give a demo,
24:56we'll understand better, I guess.
24:58How do investors discover new ideas?
25:01For that, we have discovery.
25:05We have built multiple AI agents
25:07who have a lot of documents.
25:11They read it
25:11and tag them in different buckets.
25:14Like, I'll open a cloud and data center
25:19because AI is a data center.
25:21It's a big theme.
25:22Yeah, it's a big theme.
25:23So, we don't want to treat AI as a black box.
25:26So, when we classify any company in any bucket,
25:29we also provide a reason
25:31why it is classified in that bucket.
25:34Not only that,
25:35this company originally operates in a real estate sector,
25:39but it is transitioning into data center business.
25:42Okay.
25:42So, AI agent has told the reason why this should be classified into this bucket
25:48and also,
25:49this information is received from the documents.
25:51It's not that it's written from a random internet.
25:54And will there be some manual intervention?
25:57No.
25:58In the entire multi-bag AI team,
26:01there are three people.
26:02Okay.
26:03Every single thing is fully automated.
26:06We send 10,000 people every day
26:08personalised emails.
26:10That is automated.
26:11We write a lot of blogs for SEO.
26:13Totally automated.
26:14We post Twitter as Redbox Global.
26:17Completely automated.
26:18Every single thing.
26:19How many followers on Twitter?
26:20We have just started with 750 followers.
26:23But we get around 200-300k impressions.
26:27The first company asked why you don't use AI.
26:30So, he said that everything is right from AI.
26:32We need manual intervention.
26:35You are saying that there is no need manual intervention.
26:38We'll have to see where the world is moving.
26:40So, Sam Altman said a few days ago,
26:43that if you rely on this,
26:45that AI will not get better with time,
26:47then you'll probably lose it.
26:49You'll have to understand three things in the world.
26:52Models and be smart.
26:54Correct.
26:55Models and be reliable.
26:57100%.
26:58And models and be fast.
27:00So, you will build anything.
27:01Yes, something is wrong.
27:03Some points are wrong.
27:04But you can also benefit that you can do everything.
27:08At speed and scale.
27:09Yeah, speed and scale.
27:11And the second point is research.
27:13So, let's open a company.
27:15The traditional information investors are watching.
27:17They will show you the financial statements,
27:20their charts and everything else.
27:22Do you see foreign stocks here?
27:24Currently, no.
27:24Currently, no.
27:25But you plan to do it.
27:26The goal is to become a global platform.
27:28Got it.
27:30If I see money control or ET money,
27:32they also show me the same thing.
27:34This is not the real deal.
27:36So, you go to AIA mode.
27:38Now, you can ask any question from this company.
27:42We get a fairly detailed answer from Iris.
27:44And the most important thing is,
27:47these answers come from the official company documents.
27:51Not from the internet.
27:53Which is the most important differentiator of Iris.
27:56I have the same problem.
27:58I can put it in the same problem.
28:00And I put it in the same problem.
28:02Which will be the better result?
28:04Better will be Multibag AI.
28:06We have created a list of 250 questions.
28:09And we test them time to time.
28:12From the ChatGPT model and Grok3 model.
28:15You directly ask.
28:16Versus you ask, what difference comes to Iris?
28:19Like we get an excellent answer.
28:21We mark it as one.
28:25If a good answer comes, we mark it as 0.5.
28:28Poor answer is minus 0.5.
28:30It's a simple system, but very effective system.
28:32In the rubric of 250 questions,
28:34our Iris scores consistently between 170 to 80.
28:38We are improving it.
28:40And the ChatGPT, Grok3, DeepSeq.
28:43It scores 140 to 150.
28:44Third problem is the portfolio.
28:46Users can connect their portfolio natively in 10 to 15 seconds.
28:52Not only this, they can start asking questions from their portfolio also.
28:56Identify red flags in my portfolio.
29:02So you load your portfolio?
29:04The portfolio is connected.
29:05You don't need to load it manually.
29:07It's directly connected.
29:08So now you will see that there are two red flags in the portfolio.
29:11Which investors should sell which are overvalued?
29:14Buy-sell recommendation is not our work.
29:17It's purely a qualitative research practice.
29:21And then the last thing is,
29:22How will you be updated with your interest in the company?
29:25My personal information dashboard.
29:27Yes.
29:27What you want to know, you will get everything.
29:29It's free to use.
29:30There are some features behind Paywall.
29:32There are 10,300 users.
29:35And there are 318 premium members.
29:38How much is that?
29:39Around 2,000 average.
29:41The competition we talked about earlier, they have told their cohort conversion.
29:46It's 11 percent.
29:48It's about 3 percent.
29:50It's a lot of difference.
29:52So, something can be disguised as tipping.
29:55Conversion rate is very high.
29:57This is a very big claim.
29:58By the way, Aditya Joshi is an inspiration.
30:01And I am following you from a lot of time.
30:03Very good.
30:04But, the bull run came in India after COVID.
30:07There was a grand rally in small cap and micro cap.
30:10Sovereign, at that time,
30:11they featured all these companies on their platform.
30:15Now, every company skyrocketed.
30:1750 percent, 100 percent, multi-baggers.
30:19That's right.
30:20Right.
30:21So, obviously, imagine human psychology, right?
30:24You are thinking, I'm paying 5,000, but I might get 1 lakh.
30:27So, I'm not claiming it.
30:28It's a tipping business.
30:29Users can take it in that way.
30:32I'll share a little bit of an incident.
30:34Tell me a little bit of an example.
30:36Whatever happened with GenSol,
30:39a lot of people were not very good towards Aditya Joshi.
30:45And I publicly defended him,
30:47saying that he's not the person responsible
30:50if he's coming to the platform.
30:52But that says that users have
30:55that platform...
30:55Perceive it as Aditya Joshi.
30:58Yes.
30:58It's possible to be with you.
31:01We don't do anything manual.
31:03This is what our users know.
31:05Everything is machine.
31:08Are you doing your funding now?
31:10I had a small friends and family round in 2014.
31:14We are also friends.
31:15Then it will come.
31:16That's why I'm coming.
31:18That was 65 lakhs.
31:2013.15 CR post money.
31:23And this year, I raised an institutional round.
31:261.5 CR.
31:28Aviral Bhatnagar fund.
31:29AJVC.
31:29Of course.
31:30What valuation?
31:3216.67 CR post money.
31:34Okay.
31:34In the next 2 or 3 years,
31:36what will be the vision of the multi-bag?
31:40My competitors are in my mind.
31:43Fiscal AI is a Canadian platform.
31:45They have made its series A and $10 million.
31:47There's a quarter pro as well.
31:49Again, series A and they have $6 million.
31:51Okay, you know quarter?
31:52Yeah, yeah.
31:53Very good.
31:53The other guys didn't know.
31:54Anyway, continue.
31:55Number one goal is to become a global platform.
31:58Because everything is scalable.
32:00We believe that we have revenue in 100 crores.
32:03How much time will it take?
32:04And what will it take to make 100 crores revenue?
32:08In India, it will not be made immediately.
32:10For 100 crores revenue, it will have to be global.
32:13In India, you don't think there is such an opportunity
32:15that the user will pay?
32:17If the user will pay, 100 crores will not be made immediately.
32:20It will not be made in 1-2 years.
32:21It will not be made in 3-4 years.
32:24Where you come from,
32:25you have worked with such big organizations.
32:27And to start a start-up, which is very risky.
32:29Okay, and you don't have any stable income.
32:30You don't have anything.
32:31You don't have a 1.5 years.
32:32What is the reaction?
32:34So, entrepreneurship is a luxury.
32:37I like that.
32:39If a person who has a sister's wedding,
32:43has no home, has no education loan,
32:46has no debt of father's father,
32:47that is me by the way,
32:48I don't know.
32:48He can't think of starting a start-up.
32:50Only when I can stabilize my family,
32:53I can think of starting a company.
32:54The good thing with me was,
32:56I had to do it from the beginning,
32:57but it was not luxury.
32:59So, I worked for 5 years.
33:00I had a very high paying job.
33:02Plus, I built my savings.
33:03And then I started working.
33:05The another good thing is,
33:07that still, I have my brain, right?
33:11I am not making money,
33:13doesn't mean that I am not improving in my life.
33:15I can go anywhere and make a lot of money.
33:17Yeah, nobody can take it away from you.
33:18Well done.
33:20Do you understand your investor or engineer?
33:22Engineer.
33:23Engineer first.
33:24Thank you so much.
33:25I love you, Aditya.
33:26Thank you, Aditya.
33:27Thank you, Kunal.
33:30If you have a shark like a shark,
33:32then play, be a home shark.
33:33And the home of the house is a great name.
33:35Download the Sony Live app now.
33:37Friends, the founders are taking their own A-game,
33:39and the sharks are taking their own calculator.
33:41You can also take your attention.
33:43Welcome to Shark Tank India,
33:44co-presented by Canva and OPPO,
33:46co-powered by Lahore Zira and partners,
33:49Rezon Solar, Fixderma,
33:51Payment Gateway, Wild Gold and Jeeva.
33:56I have come to match off here.
33:58The category is stock market.
34:01Software.
34:02A stock discovery, analysis, tracking and teaching platform.
34:06Our analysts, with the help of the tech,
34:08the relevant information for investing
34:10has reached a simplified form.
34:13Multibank AI,
34:14an AI-native stock research platform.
34:17Investors ask our smart chatbot from Iris,
34:21and they answer it as a companion.
34:24Everything from AI.
34:25Data analysis, AI-based or manual?
34:28We are currently manual,
34:29but we are moving towards AI.
34:31Every single thing is fully automated.
34:34Our team size is 22 people.
34:35My three people are a team.
34:37How many followers on Twitter?
34:38750 followers.
34:391.5 lakhs. 1 lakhs.
34:4311% conversion.
34:44Your value is about 3%.
34:47There's a lot of difference.
34:48Something can be disguised as tipping.
34:50Conversion rate is a lot of high.
34:52This is a big claim.
34:54Your AI, you can see a generic answer.
34:58Quality is not up to them up.
35:02Wow!
35:03You are talking openly about this.
35:09.
35:18Welcome back.
35:21I was really happy that you both, you know,
35:24women with financial literacy,
35:26it's amazing.
35:27,"Sachme Salam", because you don't see that a lot,
35:29because you don't see that a lot.
35:31But your cohort conversion is somewhere you're lying to yourself
35:36that you're seeing it as a business cohort conversion.
35:39But in real, a fan following a fan following is there to convert.
35:46So to me, it's not an investable business today.
35:48So I'm out.
35:49But good luck and start embracing AI, guys, today, not tomorrow.
35:53Definitely, we will definitely take our trip back.
35:55Okay, thanks.
35:57I'm personally very interested in the space.
36:00Given India, the people who invest in mutual funds or stocks,
36:04there are many people who are paying attention.
36:06And slowly, as things improve, it's going to be a lot of increase.
36:10But a lot of people need help on the other side.
36:12This information still doesn't solve that purpose and problem.
36:16So I'm out of here now because it's not your roadmap.
36:20But wish you luck.
36:21The product is amazing.
36:23I've come to understand it.
36:24But if you look at me as a fresh investor,
36:27I've never played in the stock market.
36:29I'm from Madwadi family.
36:31So I told my parents that I didn't play Tash and I didn't play shares.
36:35Okay?
36:36And when I was playing Solitaire on the computer,
36:39I went to the back.
36:40That comes to my head.
36:42Now, I'm very excited.
36:43I opened a DMAT account.
36:45People will laugh at me.
36:46But that is the reality.
36:47So I've been looking for products like this.
36:49To use and to invest.
36:51But you know, when I saw the two products,
36:53I thought the other product was very simplified.
36:57And it's a lot more interactive.
36:58My time is very limited.
37:00I don't think I will study much.
37:01I have so much patience.
37:03This is bedtime reading for me.
37:04Bedtime fun for me.
37:05You know, leave Instagram and open an investing app and have fun.
37:08I don't see that fun in this.
37:09It's very serious for me.
37:10So I think for that reason, I'm out.
37:13But I wish you guys all the very best.
37:15Akriti, Aditya, Apoorva.
37:17Yes.
37:19There is a very big problem in this business.
37:23You don't have truth tellers around you.
37:27You gave a reason for this business.
37:30Why is it slowing down?
37:32Why is it slowing down?
37:33Because it's a bear market.
37:35That is not the reason.
37:37At the same time,
37:38we are looking at zero-dha, grow-in,
37:41all the record revenues, record profits are happening.
37:44So the reason is not possible.
37:47You are amazing equity analysts.
37:51Because you are living in an academic equity research world.
37:57And the world is moving forward.
38:01In tech, product, business,
38:03there is no capability to build out.
38:04You can give your knowledge and other people.
38:08I will come out with it from this reason today.
38:10But I wish you all the best.
38:16Look, it's all you guys are saying, frankly speaking.
38:20This is what AI is doing to a lot of businesses.
38:22To a lot of smart people also, to be honest in me.
38:25Three people's companies and companies.
38:27You will listen to it when you see it on TV.
38:30You will say,
38:30wow, that has finished us.
38:33It's just like that.
38:34Disruption is there, guys.
38:37Get, get, get, get, get going.
38:40Let's go.
38:41So I am also out, guys, unfortunately.
38:44Okay, guys.
38:45Lovely meeting you. Thank you so much.
38:46I can tell you first of the last thing,
38:47before going,
38:48I want to say that the next trillion dollar company
38:52will be a data company,
38:52a data manufacturer.
38:54That's what I want to say.
38:55So that's what I'll say.
38:57Sounds good.
38:57Work on board, Adia.
38:58Thank you very much.
38:58Thank you so much.
38:59All the best.
39:00See you, man.
39:01Take care.
39:05The one who needs to be,
39:06can be able to assess quality of the investment.
39:08The investor can be able to assess quality of the investment.
39:11We have used multi-bank.
39:13We have used sovereign.
39:14We have used all competitors.
39:16As of now,
39:17the answers and data are by far amongst the best.
39:22Of course, in the future,
39:22AI will disrupt,
39:23but we will adjust it with that.
39:25Yes, Aditya, you are an outstanding guy, man.
39:29I love you.
39:30There are such founders who are rising,
39:33and who are coming from here and going from here.
39:36You took the plunge at the right time.
39:37Like when you had to pay a salary,
39:40pay for the house,
39:41and have worked.
39:41There are many people who go to entrepreneurship,
39:43but you don't see anything else.
39:44You have the answer that got me, bro.
39:48Sir, I'll give you an offer, brother.
39:4950 lakhs for 2% which you wanted.
39:56All right, thank you so much, Aman.
39:58You said global company from India.
40:05You're doing great.
40:08And I think you don't want to embarrass yourself
40:10when you get your valuation.
40:11It'll be my pleasure to come on board for 50 lakhs for 2%.
40:16You're a very impressive founder.
40:20Thank you, Kunal.
40:21Tech is also interesting and impressive.
40:23The one thing I think is,
40:26the one thing is unproven.
40:27You can do it in the future.
40:29It's the distribution.
40:31Because it's not clear for me today,
40:32I'm going to get it out of this season.
40:35But I'm rooting for you.
40:37You will be successful.
40:38Thank you so much, Kunal.
40:41This category is going to be very big in India.
40:44There are two cohorts of users.
40:46One is the one who is quite mature.
40:48The platform is very relevant for them.
40:51But the one who is in the large India,
40:52I think it's the one who is doing that first time.
40:58I think there's a very big value that can be made there.
41:00But I'll still take a punt on you.
41:02You'll probably make a big deal.
41:04And if you think that it's not in this particular shape and form,
41:07you'll probably pivot and figure out something else.
41:10So I'll also give you the same offer.
41:1250 lakhs for 2%.
41:13All right. Thank you so much, Mohit.
41:18A young man came a few years ago and said,
41:20Praveen Namaz.
41:22He had just left his job in a company.
41:25And he wanted to start a stockbroking app.
41:29Already 3-4 years old.
41:31So no VCs gave him funding.
41:33I said, man, something about you.
41:36Last month, he became a unicorn.
41:38His name is Dhan.
41:39Raise.
41:40You know what I mean?
41:41Very cool.
41:41Right.
41:42But that is not the bigger point.
41:43The bigger point is,
41:44If I had to double down, then that round maybe.
41:46Because it's a very profitable business.
41:49And the incoming investors wanted a little more equity.
41:52And I said,
41:53You have to sell one-third.
41:55So even though I had to sell one-third,
41:56I had to sell one-third.
41:58I said,
41:59You have made it.
42:00I respect that.
42:01I'll do what is right for you.
42:02And I think not just your family.
42:08You're making Bihar proud.
42:10And one day, you'll make India proud because of your global vision.
42:13What will your business model become?
42:15I'm not very clear.
42:17In fact, I'll give this advice.
42:19Let's make it free.
42:20Let's make it addictive.
42:21Then let's see what's going on.
42:23So my offer to you is 50 lakhs for 2%.
42:28But if you prefer,
42:29I'll give you one crore for 4%.
42:34But I would love to work with you.
42:37Thank you so much.
42:39Why not?
42:40I'll give you one crore for 4%.
42:43If you want to get one crore or four crore,
42:46then I can also match the same.
42:47And I would be happy to match the same.
42:47Depending on how much capital you want to raise today.
42:52So no.
42:52Aditya is my brother.
42:54I can't.
42:55I can't.
42:56I can't.
42:56I can't.
42:57I can't.
42:58I can't.
42:59I can't.
42:59I can't.
43:00I can't.
43:01I can't.
43:01I can't.
43:02I can't.
43:03I would like to revise my offer while he speaks.
43:05Okay.
43:06I'm happy to do one crore for 3.5%.
43:09Okay.
43:09I'm not going to talk to the founder.
43:12I'm going to be with you.
43:14You're going to do whatever you want to do.
43:15You're a very smart guy.
43:16There will be a lot of investors.
43:17You're going to manage that.
43:19You're going to have a sounding board.
43:21Wherever you need it, you'll be there.
43:22I won't tell you what to do.
43:24You're going to decide.
43:25So, my offer is the same.
43:2750 lakhs, 2% or 1 crore, 4%.
43:29Whatever you decide.
43:32I'll take a little time.
43:33What do you think?
43:34What do you think?
43:36Go for it.
43:36Go for it.
43:37Yeah.
43:38Sorted guy.
43:40Why did you do 13%?
43:41He's good.
43:42He took it in his pocket.
43:44He doesn't take it in his pocket.
43:46I don't even think he's here for the money.
43:53Hello, Aviral.
43:55Yeah.
43:56So, we have got four offers.
43:58Tough for all.
44:04How many deals are you going to bag?
44:06The original valuation of 25 CR.
44:09That was the original valuation we wanted.
44:10Is it also offered?
44:11Is it also offered?
44:12Yeah.
44:13So, is it possible for any one of you to do better than that?
44:18So, he offered 3.5%
44:21I can do 1.5% for 50 lakhs.
44:2550 lakhs for 1.5%
44:27Now, if you say yes, do it otherwise.
44:31Say it.
44:31I'll give you 50 lakhs for 1.5%.
44:34If that is okay with you, we can close right away.
44:37Now, if you close right away.
44:38Now, if you close right away, without offers, take 50 lakhs for 1% and close it.
44:43For 50 lakhs, 1% done.
44:45Your valuation has doubled.
44:47Say it.
44:4850 lakhs for 1%.
44:49And Anupam and Aman, you can come together.
44:55Man, it's a little bit difficult.
44:57You've lost 1% right?
44:581 crore for 2%.
44:5950 lakhs will get 50.
45:01That's okay.
45:02You'll get 1.1%.
45:03So, let's choose one.
45:05If possible, you should both.
45:09It doesn't matter.
45:10If you don't choose me, don't do it.
45:12But if you have 50 lakhs for 1%.
45:14You'll get 1.5% deal.
45:16You know, if you think that somebody can help you better, oh, okay.
45:19That's okay.
45:28Thank you so much, Shaks, for all the offers.
45:34Aman, 50 lakhs for 1% deal.
45:37Okay.
45:38All right.
45:38Well done.
45:39Good.
45:40Why are you walking like this?
45:42I love you, bro.
45:47I love you, too.
45:56Will you give another one?
45:57We're going to discuss it.
46:00Will you give another one?
46:01Will you make another one?
46:02I'm telling you, you can make another one.
46:05But guys, love you.
46:07Love you.
46:08I'm telling you, Kunal, that distribution will be a difficult nut to crack.
46:16So, a top-notch marketing campaign will be a good marketing.
46:20I believed that Aman will help me better.
46:22My parents must be very proud.
46:24And whatever I've achieved so far, this will inspire a lot of people.
46:29So, if I have that little role to play in inspiring people, I'll take that.
46:33Guys, when you reach the peak, it's a lot of chaos.
46:37Sharks are in one direction, founders are in another direction.
46:40It feels like traffic jam.
46:41But I'm going to clear traffic jam.
46:43I've got the smart tools and AI features and all the features of Canva.
46:48It's a super stylish format.
46:50Let's see.
46:51That was the daily Canva report.
47:07My name is Shrikanshah and I'm a premium modular construction company.
47:12I'm a founder of Uprior Build.
47:13We can assemble a fully assembled house for 4 hours.
47:18All the structures are all building port compliant and are made with a specialised steel alloy,
47:25which makes it quite lightweight and super strong.
47:29This company will go public.
47:32You will go to NSC for hours.
47:33100%.
47:34We've brought you a pixel dot technology from Bihar's 6th district.
47:38You can convert a digital display in any building.
47:42In India, it's been 70% of the city.
47:46It's been a big deal.
47:48This small card can be found in a few seconds.
47:54One test for 40 rupees.
47:56It's very nice, bro.
47:586 adults.
47:596 adults.
48:00Now divide it up.
48:03Nice style.
48:05The problem is not only for doctors and medical access, but it's timely medical access.
48:12We have Cosmo Health.
48:13It's a health care system that will reach emergency services until 10 minutes.
48:18It's not an emergency service.
48:20It's a tech driven, rapid medical system.
48:23It's a first aid, doctor support, elderly care or home nursing.
48:26Everything will reach you 24-7.
48:29But there is also a risk.
48:30In Cosmo Branded Ambulance, someone doesn't make it.
48:34You blame yourself.
48:35Are you ready for that?
48:36We're a handcrafted sneaker company with a design blueprint.
48:39It's a brand of Indian culture.
48:42And today, we're representing the Indian dream.
48:44You will see the dates.
48:46It's in 1928.
48:47It's embroidered.
48:48Which is the first year when India won a gold medal in Hong Kong.
48:51Gold medal, that's right.
48:52Eventually, Galilabs is going to be a footwear brand.
48:54Not as a...
48:55No, for us, Galilabs again is a lifestyle brand.
48:59India has a lot of stories, design languages to create very elevated aspirational brands.
49:06The gap that we see in the shoes, is very clear apparently.
49:10We're creating a community, a movement.
49:12Brilliant work, guys.
49:13Beautiful.
49:13Love it.
Comments