Vineet Saraiwala is the founder of Atypical Advantage. He is visually impaired. Vineet used to work in a corporate company. Post-pandemic he received tons of CVs from disabled people. He wanted to help every one of them. That’s why he left his corporate job and founded Atypical Advantage.
India has 7 Crores disabled people and only less than 1% are employed. Vineet realized if he wanted to help a lot of disabled people, he needed to do something big. That’s why he created the Atypical Advantage platform where he created more than 1,000 opportunities for disabled people.
Atypical Advantage has partnered with 100+ companies and NGOs. Vineet came to Shark Tank India seeking ₹30 Lakhs in exchange for 1% equity in the company. Which gives the company a valuation of ₹30 Crores.
Vineet has Retinitis Pigmentosa. It’s a rare genetic condition that affects 1 in 4000 people. He has only 10% vision left. He can’t see with his left eye.
He has a younger brother, Anuj Saraiwala. Who also suffers has similar problems.
Even though they can’t see properly, this doesn’t stop them from achieving education. Anuj is currently the managing partner of Elluminate Capital.
It was very brave of Vineet to come to this show. He couldn’t see the sharks. He could only recognize the voices.
Atypical Advantage has tons of performing artists, whom you can book for your program or corporate shows.
Atypical Advantage has a section called Atypical Art, where you can browse tons of artworks made by disabled people. You can purchase any artwork as you please.
Atypical Advantage also has a hiring section. In this section, different companies can hire people according to their needs. All the information regarding the disabled person is provided here.
Peyush Bansal asked a very important question. He wanted to know what was wrong with the current top job portals. What makes Atypical Advantage different from other job portals?
Vineet answered this smartly. Disabled people can’t post their CVs in the top-tier job portals because they don’t have the functionality required for them. Suppose a blind person wants to upload his CV, he will need assistance with that. A deaf person will need support. These supports aren’t provided in the typical job portals.
Companies pay Atypical Advantage a Monthly Retainer Fee. In this monthly retainer package, Atypical Advantage provides
- Sign language support
- Interview Scheduling
- Job Mapping
- Post-placement support
- Disability Sensitization
Atypical Advantage already raised ₹1 Crore at ₹7 Crores valuation. Atypical Advantage has 14 angel investors and 15% equity in the company. They are doing monthly sales of ₹10 Lakhs.
Anupam Mittal offered ₹30 Lakhs for 4.29% of the company. The valuation was ₹7 Crores. Aman and Namita joined the offer.
Peyush Bansal offered ₹1 Crore for 12% equity of the company. I mean it makes sense because guess what Peyush sells. Lens and glasses. Which is perfectly in line with visibility impairment.
|Offer 1||Offer 2||Offer 3|
|Peyush Bansal – ₹1 Crore for 12%||Anupam Mittal – ₹30 Lakhs for 4.29%||Namita Thapar & Aman Gupta – ₹30 Lakhs for 3%|
Vineeta Singh was out of the deal. But before going out she vouched for Peyush.
Vineet made a counteroffer of ₹1.2 Crore for 10% of the company.
After the counteroffer, both Peyush Bansal and Anupam Mittal argued and got out of the deal. Namita Thapar and Aman Gupta made the 3rd offer of ₹30 Lakhs for 3% of the company.
|Company Name||Atypical Advantage|
|Asked Amount||₹30 Lakhs for 1%|
|Monthly Sales||₹10 Lakhs|
|Final Deal||₹30 Lakhs for 3%|
|Sharks||Namita Thapar and Aman Gupta|
|Current Net Worth||₹10 Crores|
|Company Status||In Business|
Vineet took the offer. He said Yes, but there wasn’t any smile on his face. Normally when any deal happens, I become happy. But this felt different. I wish Peyush had gotten this deal instead of Namita Thapar & Aman Gupta.
That was some episode, man.