Hyderabad (Telangana) [India], January 25 (ANI/PNN): SEPAL, a truly Made-in-India product, is the world's first-ever motorcycle canopy that protects thousands of bike riders from the sun, rain, cold, and pollution. SEPAL, an officially recognized start-up of India by two IITian brothers, has secured Rs 50 lakh in funding in the second season of the popular business reality show Shark Tank India. The company accepted the offer of Lenskart's Peyush Bansal for 2 per cent equity. The company stated that they would utilize the raised funds to strengthen their extensive production for huge masses over the nation. SEPAL seems to have kickstarted a storm between backers and naysayers arguing over whether it makes any sense or not to put a huge windshield and canopy on your motorcycle. Even the sharks themselves seem pretty divided on what to make of SEPAL. With Peyush Bansal rooting for the larger picture of what SEPAL could do if played right on one side and the rest of the sharks sti
As part of this strategic partnership, the acquisition will help build the largest omnichannel eyewear business in Asia, the companies said in a statement.
The collaboration with the MIH Consortium will enable Tata Technologies to collaborate with other members on solutions and capabilities that deliver value for its stakeholders and enable it to innovate new solutions.
Sony Entertainment Television launched Shark Tank India. According to Sony TV, the program received 62,000 applicants from India, out of which 198 companies were selected to present their ideas to the sharks. | Tellychakkar.com