It is important to note that cooking can sometimes be very risky. Some of the common causes of fire include forgetting to turn off the stove and leaving the room while the heating is on. As a result, there can be the formation of fires or gas leaks. Two people Ranjith Babu and Akshita Iyer found this flaw. They wanted to develop something that would help make kitchens less dangerous.
They created a product named Inirv .Inirv is a smart stove knob. It also has the ability to turn off the stove in case it smells gas or sees Smoke. It also works if the stove has been left on for too long. It can be operated by a phone or a voice command.
This product plays a role in preventing house accidents from happening. Ranjith and Akshita appeared before the Sharks on the show Shark Tank. They asked for $800,000. They were ready to let go of 8 percent of their company. They described how their product was produced. They discussed its effectiveness and mentioned it would prevent the loss of lives.
The sharks approved the concept but they had some issues. Some considered it as costly and some thought it was not ready for sale. Will the entrepreneur get a deal on Shark Tank? Check out the Inirv update to find out!
Inirv Net Worth Shark Tank Update 2025
At the time of their appearance on Shark Tank, Inirv was valued at $10 million, based on the founders’ pitch of $800,000 for 8% equity. After the show aired, the company saw a big increase in website traffic, sales, and social media exposure. Despite not securing a deal, the company rebranded to Ome, resolved production issues, and raised $3 million in funding. Today, Ome has grown significantly with an expanded product line and strategic partnerships. The company is now estimated to have a net worth of $25 million.
After Shark Tank, Inirv had troubles. They did not have a deal. They also had production problems. Delays were caused by a legal dispute with their manufacturer. Both parties filed lawsuits. The matter was later settled. Things were worse during the pandemic. COVID-19 slowed production. It delayed their plans. The team used this time well. They improved their product. In addition, they concentrated on logistics. In 2021 the company rebranded.
They are now called Ome. They also got $3 million in funding. This helped them grow. They will launch a second version of their product by 2024. It has better features and more color options. Now the company is entering new markets. They are building products for senior living. The Amity platform they use helps manage stoves remotely. They are also working on knobs for grills. They have their product online. A set of four knobs costs $399.One is looking to expand even more.
No Inirv did not get a deal on Shark Tank. The entrepreneurs asked for $800,000 for 8 percent of their company. Robert Herjavec made an offer of $800,000 for 20 percent equity. This was different from what the entrepreneurs wanted. They countered with a new offer of 10 percent equity and 2.5 percent advisory shares. But Robert did not accept the new offer and declined.
The other sharks also decided not to invest. Mark Cuban did not think that people would buy the product. Kevin O’Leary thought the company was valued too high. Daymond John did not think the company could make enough money. Lori Greiner thought that the product was not ready for the market.
So in the end none of the sharks made an offer. The entrepreneurs left Shark Tank without a deal.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Kevin O’Leary | Out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Robert Herjavec | $800,000 for 20% equity in the business | $800,000 for 10% equity plus an additional 2.5% | N/A |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Inirv Shark Tank Pitch
Ranjith Babu and Akshita Iyer created the Inirv because they wanted to make kitchens safer. Once Akshita’s mom left the stove on by mistake. Akshita got this idea of a smart stove knob. She considered making something that would automatically turn off the stove.
Ranjith and Akshita worked on it and the idea grew. What they wanted to do was make a product that was safe and easy to use. The idea was to make a product that would prevent families from getting hurt in the kitchen. They didn’t want people to worry about leaving the stove on.
At first, it was not easy. It needed to be tested and refined. The knobs were safe and reliable, and they worked hard to make sure they were. They filed patents to protect their idea. But the journey was tough. The first version of the product wasn’t perfect.
The early days were tough for entrepreneurs. At first, they didn’t have enough money to build the product. They started with their own savings. They also had trouble finding the right manufacturers. They decided to launch a Kickstarter campaign to raise some money after some time. They had a goal of raising $40,000 and ended up raising $430,000. This was a big success.
The funds were used to further develop the product. They also got hundreds of preorders. It showed people were interested in the smart stove knob. However, these successes were not a smooth ride. There were legal problems and production problems. Ranjith and Akshita never gave up but went through it all. They kept pushing forward.
Ranjith and Akshita were confident when they first stepped onto Shark Tank. When they introduced their product, they were excited. The smart stove knob actually was a new and useful thing. They said it could also automatically turn off the stove if smoke or gas was detected. It was supposed to prevent dangerous accidents in the kitchen. They also said the knobs could be controlled with an app or voice. It would make cooking more convenient for users.
They shared their success on their Kickstarter campaign. With over 500 preorders and $430,000 raised, they had. They also said they had filed for patents. And they had worked hard to get to where they were and were ready to take it to the next level. They said they were asking for $800,000 for 8 percent equity in their company. It would help them improve their prototype and get production up and running.
Many questions were asked about the product by the sharks. They wanted to know how it worked and whether it was safe. They also wanted to know the cost of production and the price of the product. The smart stove knobs would work on any stove the entrepreneurs explained. They also told us how easy it would be to install. Despite their clear pitch and passion, the sharks were not convinced.
Mark Cuban was the first to go out. He did not think that many people would buy the product. Kevin O’Leary followed. He felt the valuation was too high and did not see how he could make money. Daymond John also left. He felt the company was too risky and did not see how he could earn a return. Lori Greiner also decided not to invest. She thought the product was not ready yet. Robert Herjavec showed interest.
He made an offer of $800,000 for 20 percent equity. The entrepreneurs countered with 10 percent equity and 2.5 percent advisory shares. Robert did not accept their counteroffer and left without a deal.
During their pitch, the sharks asked many questions about the product. They wanted to know how the knobs worked. The entrepreneurs explained that the knobs would detect heat, smoke, and gas. They said that the knobs would automatically shut off the stove if any of these things were detected. The sharks also wanted to know how the app worked. The entrepreneurs explained that the app would allow users to control the stove remotely.
The app would also give cooking instructions and help prevent accidents. The sharks asked how easy it was to install the product. The entrepreneurs explained that it could be installed in minutes. It would fit most stoves. Another important question the sharks asked was about the patents. The entrepreneurs explained that they had filed for several patents. This would protect their product from being copied by competitors.
They also mentioned that the product would work with voice commands. This would make it even easier for users to control the stove. The sharks were still unsure. They asked about the price. The entrepreneurs said the price would be $399 for a four-pack of smart stove knobs. Some of the sharks thought this was too high. They worried that people would not want to pay that much.
There were also concerns about the market readiness of the product. Lori Greiner said that the product needed more testing. She was concerned that it was not ready to be sold yet. Other sharks felt that the company was valued too high for where it was in terms of product development.
After all the questions and answers the sharks gave their responses. Mark Cuban was the first to go out. He felt that the market for the product was too small. He thought people would not buy a smart stove knob. Kevin O’Leary was the next to leave. He felt the valuation was too high and that the product was not ready for the market. Daymond John agreed with Kevin. He also felt that the business was too risky and that it would not make enough money.
Lori Greiner liked the idea but felt the product was not ready for the market. She said that she would not invest unless they made more improvements to the product. She wanted to see more testing and development. Robert Herjavec was the last to speak. He made an offer of $800,000 for 20 percent equity. This was much more than the 8 percent that the entrepreneurs were offering.
They countered with a new offer of 10 percent equity and 2.5 percent advisory shares. Robert did not accept their counteroffer and declined. With no deal from the sharks, the entrepreneurs left Shark Tank.
What Went Wrong With Inirv On Shark Tank?
The biggest issue was the valuation. Kevin O’Leary felt that the company was asking for too much money. He thought the product was too expensive and he did not see how he would make a return on his investment. Mark Cuban also felt that people would not buy the product. He did not believe there was a big enough market for smart stove knobs. Lori Greiner liked the concept but thought the product was not ready.
She wanted to see more development before investing.D aymond John also saw the risk. He did not think it would be easy to get his money back. The founders were unable to convince the sharks to invest. Their counteroffer to Robert Herjavec was also rejected.
Product Availability
Today the product is no longer called Inirv. The company rebranded to Ome. Their smart stove knobs are still available. The new version of the knobs has better features. It now comes in more colors. The knobs connect to an app. The app lets users control the stove remotely. Users can also use voice commands to control the knobs. The knobs are easy to install and fit most stoves.
Ome is also working on other products. They are developing a platform called Amity. It is designed for senior living communities. The platform will allow remote stove management. They are also creating products for outdoor grilling. These products will have an automatic shut-off feature. The smart stove knobs are sold online. They cost $399 for a four-pack. The company has a compatibility checker on its website.
This tool helps people check if their stove is compatible with the smart knobs. Ome is growing and has a strong presence online. They are looking to partner with appliance makers to expand further.
Conclusion
Inirv’s journey on Shark Tank was challenging. The founders did not get a deal but they kept working hard. They rebranded their company and kept improving their product. Today Ome is successful. The company is growing and has earned millions in revenue. Their story shows the power of perseverance.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
