Next up are Ranjith Babu and Akshita Iyer of Inirv, seeking $800,000 for eight percent equity.

Key Highlights: Inirv Smart Stove Kit on Shark Tank

  • Founders: Ranjith Babu and Akshita Iyer pitched Inirv, a smart stove kit, on Shark Tank.
  • Product: Inirv’s mission is to revolutionize kitchen interaction with a smart knob and sensor hub for safer, hands-free cooking.
  • Features: The app allows for monitoring, setting cook times, and sending reminders from anywhere.
  • Shark Concerns:
    • Mark Cuban worried about product protectability despite numerous patent filings.
    • Kevin O’Leary questioned its longevity.
    • Daymond John expressed concerns about investment returns.
  • Offers and Outcome:
    • Robert Herjavec offered $800,000 for 20% equity but withdrew after a counter.
    • Lori Greiner liked the idea but needed to see a finished product and also went out.

Inirv: A Quick Company Overview

Inirv is a smart stove kit that makes cooking easier and safer.

According to their website, their mission is “to revolutionize the way you interact with your kitchen, and create an ecosystem that allows for easier and safer cooking.”

Their smart knob and sensor hub allow for hands-free cooking and the ability to monitor the stove anywhere. The app also makes it simple to interact with the stove, set cook times, send cooking-related reminders and more.

Mark Cuban worries that it wouldn’t be protectable, but they have filed for numerous patents.

Kevin O’Leary thinks it could be obsolete in three years. Cuban thinks it’s a “nice to have product” but he worries that consumers wouldn’t actually buy it. He goes out, followed by O’Leary.

Daymond John likes the product but worries about recouping his investment.

He goes out. Robert Herjavec likes the idea of being involved in a seed round and offers $800,000 for 20 percent.

They counter at 10 percent equity with two-and-a-half percent in advisory shares.

Their counteroffer causes Herjavec to go out.

Lori Greiner says she loves the idea but doesn’t see a finished product. Despite wanting to be a part of the Inirv journey, she goes out.

Social Media Reacts to Inirv’s Appearance on “Shark Tank”

Wrapping Up

Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging businesses to multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group.

Philanthropist and Virgin Group founder Richard Branson, Spanx founder Sara Blakely, Skinnygirl Cocktails founder and Real Housewife Bethenny Frankel, Vitamin Water founder Rohan Oza and former MLB player Alex “A-Rod” Rodriguez are also slated to appear as guest sharks this season.

“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009.

To date, the sharks have invested more than $100 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Sunday at 9 p.m. on ABC.

Would you use Inirv? Sound off in the comments section below!

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