What Happened to Astrix After Shark Tank India?
What is Astrix?
Astrix is a company that provides smart door locks. You can easily open these locks in 1 of 6 ways. Such as fingerprint scanner, number pad access, mobile application, RFID card, one-time password & mechanical key. All the products are made of steel.
Astrix is the only smart lock manufacturer in the country right now.
They have 3 smart door locks.
- Fort Icon
- Fort Delight Plus
- Fort Supreme
Who is the Founder of Astrix?
Kowshik Devarajan & Sreepriya Kowshik are the founders of Astrix Engineering Products Pvt. Limited.
Previously they used to run a BPO company in the real estate industry.
Astrix Before Shark Tank India?
Astrix is a made-in-India product. They sell smart locks through dealers, distributors, and builders. They are currently working on the B2B model.
How much money did they ask for on the pitch?
They came to Shark Tank India seeking ₹75 Lakhs for 3% equity in the company Astrix. Which gives the company a valuation of ₹25 Crores.
How to get Astrix smart locks?
You can check the locks on their website and contact them if you want to buy any.
Price of Astrix smart locks
| Distributor price | ₹13,500 |
| Retail price | ₹21,000 ~ ₹35,000 |
What are the Annual Sales of Astrix?
They made ₹25 Lakhs of sales in the last 4 months.
| Last month | ₹18 Lakhs |
| Next month | ₹50 Lakhs Projected |
Which shark gave Astrix an offer?
Anupam Mittal was out. He was very impressed with Sreepriya. However, he didn’t have any experience in the B2B and distribution categories. That’s why he didn’t give any offers.
Aman Gupta was out. He thought the B2B model was a bit tough, and he couldn’t add any value to the company. That’s why he was out.
Ashneer Grover was out. He thought making this brand popular would take quite some time. People still purchase branded locks when it comes to safety.
Namita Thapar was out. She didn’t think she could contribute to the business.
Vineeta Singh was out. She didn’t feel much excitement building the smart lock business.
What deal did Astrix get in Shark Tank India?
Astrix didn’t get any deal in Shark Tank India.
| Company Name | Astrix |
| Founders | Kowshik Devarajan & Sreepriya Kowshik |
| Asked Amount | ₹75 Lakhs for 3% |
| Final Deal | No Deal |
| Shark | No Shark |
| Company Net Worth | ₹25 Crores |
| Company Website | www.astrixengineering.com |
| Company Status | In Business |
What is the net worth of Astrix?
The net worth of Astrix is ₹25 Crores.
Is Astrix still in Business?
Yes, Astrix is still in the smart lock business.
