We at Astrix provide safety and security for your homes with our high end technology enabled Smart locks that offer you total keyless protection and access to your homes.Being Secure means managing a bunch of lock and keys that is not without other downsides such as misplaced or missing keys, Duplication of keys etc.We are in the business of providing more safety, security, convenience and control to people’s living spaces and belongings.With technology changing the way of living in many respects, why should safety and security be left behind?.Safety and Security of homes, offices and commercial spaces is always predominant in the minds of every individual.The smart locks are operated through mobile phones and many features in the lock are built in India for the first time. The high-end CBD oil business operates out of a brick-and-mortar store in Dallas, Texas.Astrix Engineering Products (P) Ltd was formed in March 2018 at Coimbatore to manufacture “Smart Door Locks” to cater the market in India and abroad. Junior has continued to create businesses and co-founded City Naturals in 2020 with his wife. The product has a 2-star rating on Amazon from 17 users and the social media pages haven’t been updated since 2018.Īs for Junior, further research shows that he is still trying to make it as an entrepreneur. Since launching in 2018, Toor hasn’t done very well. Instead, it became a more flexible product that could be used anywhere, whether it was in real estate or just for added security to your home. Unlike Junior’s initial pitch, Toor was no longer just a lockbox for real estate use. However, Junior maintains that he remains in close contact with Barbara.Īs for the Toor lockbox, the company eventually launched its product in 2018. After the show aired, Junior ultimately decided to pass up on the shark’s initial offer and a deal was never made. With a large sum of money secured, you probably want a Toor update. However, Barbara’s partnership was contingent that the product was eventually sold to larger real estate companies.Īfter countering Barbara and Kevin at $250,000 for 10% equity and the remaining half as a line of credit, the three ultimately agreed on a deal of $200,000 for 10% with $300,000 as a loan with the contingency in place. After his offer, Mark Cuban decided to go out and Barbara decided to partner with Kevin on the deal.
His offer was to give Junior $100,000 for 10% equity with the remaining $400,000 being given as a loan at 18% interest. has designed a patented automatic deadbolt locking system for garage doors that is a universal device. Meanwhile, Barbara, who founded The Corcoran Realestate Group, didn’t see the product as necessary and Lori thought that Junior came in too early in his product’s life and decided to go out.ĭespite thinking that Junior valued his company too high, Kevin still made Junior an offer. The sharks were less enthusiastic about the price and even worse, guest shark Chris Sacca believed that the technology was already outdated. Sellers can also request for an agent to guide prospective buyers on a tour through the property if they don’t want anyone to have access to the box.Īfter a successful Kickstarter, the lockbox will retail for $199 per device at launch and cost and a monitoring fee of $100 a month. Junior explained that in these situations, an alert will be sent. Wonderful asked what would happen if the user did not put the key back and Lori Greiner agreed that this was a huge concern.
Afterward, the sharks started feasting on Junior while asking him questions about his product and breaking down the business. To no one’s surprise, he asked Barbara Corcoran to join him on stage to demonstrate the product. Junior came onto Shark Tank with a product built for real estate agents.
Shark: Barbara Corcoran and Kevin O’Leary.Result: $200,000 for 10% and $300,000 as a loan with a contingency.We bet you’re curious to find out how Junior is doing now, which is exactly what we’re going to talk about in our Toor update. Junior ultimately walked away with a deal with Barbara Corcoran and Kevin O’Leary for a $200,000 investment for 10% with $300,000 as a loan with a contingency. He asked for a $500,000 investment for 10% equity for his smart lockbox that was aimed towards real estate agencies. Real estate agent Junior Desinor came into Shark Tank Season 8 to pitch his product, the Toor lockbox.
0 kommentar(er)
