Orbo, a company utilizing AI and AR to revolutionize the cosmetics industry, has made a significant mark on the latest episode of ‘Shark Tank India’ season 3. The team behind Orbo secured a deal of Rupees one crore with Shark Vineeta Singh, marking a pivotal moment for the company and the industry as a whole.
Founded in 2019, Orbo offers a range of innovative solutions aimed at redefining the customer experience and engagement within the cosmetics industry. Their flagship technologies, Beauty GPT and Smart Beauty Mirror, provide immersive beauty consultations and features tailored to meet the evolving needs of today’s consumers.
During their appearance on ‘Shark Tank India 3,’ the Orbo team, consisting of Manoj Shinde, Danish Jamil, and Abhit Sinha, sought an investment of Rs one crore for 0.75 per cent equity. The deal was ultimately sealed with Shark Vineeta Singh, co-founder and CEO of Sugar Cosmetics, in exchange for one per cent equity.
Manoj Shinde, CEO and founder of Orbo, emphasized the significance of their appearance on the show, stating that it served as a launchpad for the company and ignited a global conversation about how AI can empower individuals to unveil their own unique beauty. The outpouring of love and support following their appearance further highlighted the show’s incredible reach and ability to connect with audiences.
The episode of ‘Shark Tank India 3’ showcasing Orbo’s journey and deal with Vineeta Singh is currently streaming on Sony LIV.
In an era where technological advancements continue to shape various industries, Orbo’s utilization of AI and AR to enhance the cosmetics and beauty sector marks a significant step forward. With their recent deal on ‘Shark Tank India 3,’ the company is poised to further solidify its presence and impact within the industry.
