Here’s What Happened in Idea Croron Ka’s 11 & 12th Episodes

As Idea Croron Ka (ICK) nears its last episode tonight, we take a look into what went down in the last 2 episodes of the Pakistani version of Shark Tank.

Episode 11

Nabeel A. Qadeer, the host of the show started the episode by asking the audience for their feedback. He then went on to introduce the investors for the 11th episode of ICK.

Investors / Business Advisor

  • Abdul Rehman Talat – CEO BlueEast
  • Naeem Zamindar – CEO Acumen Pakistan
  • Ali Aziz – CEO Shopistan
  • Dr. Umar Saif – Chairman PITB

It was time to hear the first pitch of the day by a startup.

Startup: Printickle

Printickle is an ecommerce platform that provides customized digital printing at customer’s doorstep. It operates on both B2C and B2B model. They launched a pilot project on the same grounds by the name of Muggay.

  • Investment Asked: Rs. 1.5 crores against 10% equity.
  • Investment Raised: Rs. 1.5 crores against 20% equity.

Panel Discussion and Questions 

  • Dr. Saif pointed out that some of the investors sitting on the show have invested in a similar startup on the show.
  • Abdul Rehman asked the co-founders that were they raising investment for Printickle or Muggay? He also wanted to know what USP Printickle offered and also about their customer acquisition cost.
  • Naeem Zamindar wanted to know how Printickle’s idea will be successful.
  • Ali Aziz lent his support for the startup saying the startup has already been tested and that the risk was quite less when investing in them.

Startup: Anzen

Anzen is providing latest technology in cameras that can detect a person or an animal entering the house through machine learning and artificial intelligence, hence increasing the security. The cameras can be accessed through a mobile phone application.

  • Investment Asked: Rs. 5 crore against 10% equity.
  • Investment Raised: Rs. 40 lacs for 30% equity offered by Abdul Rehman Talat. The offer was turned down by the startup.

Panel Discussion and Questions

  • Dr. Saif: Do you think your competitive advantage will stay intact?
  • Abdul Rehman: Do you manufacture the cameras yourself? What is your business model? How much does each camera cost you? What is the product; the camera or the technology?
  • Naeem Zamindar: Have you checked the patents around the machine learning algorithm? What is your competitive advantage?
  • Ali Aziz: What was the basis of the valuation of your startup?

Pakistaneo Kay Superheroes – Salim Ghauri

For this segment, the program focused on Salim Ghauri. Mr. Ghauri started his business back in 1996 with the help of two partners. He laid foundation to a top IT company – Netsol. His  company ended up receiving a CMMI level 5 recognition.

He also shared a story of his early days at Netsol. He’d go to office, pitch his service to consumers, only to wait for days and days without receiving a single call. He asked his wife to call him twice a day, just so he’d expect every call to be from a potential customer. So his wife started calling him every day and then one day he actually received a call from an overseas customer when he was expecting it to be his wife’s call. The rest as they say, is history.

Dr. Saif lent his support for Salim Ghauri, saying that he was a hardcore entrepreneur and that there were very few role models like him in this country.

Himmat Karo Pakistan – Tariq Javed and his wife

Tariq Javed and his wife having no kids of their own, decided to educate and empower the young girls of Pakistan. They taught them and blessed them with knowledge. They also made them learn practical skills like sewing.

In the evening, the couple could go on to impart skills to young boys as well. Whats remarkable is that Tariq Javed, in his spare time, drives a rickshaw in order to keep running this initiative to empower the next generation with skills and knowledge.

Episode 12

Nabeel A. Qadeer introduced the investors who joined in for the penultimate episode of ICK.

Investors / Business Advisor

  • Ali Tariq – TAQ Logistics
  • Sunil Munj – CEO
  • Abdul Rehman Talat – CEO BlueEast and Director Marketing and Sales at Orient
  • Dr. Umar Saif – Chairman PITB

Pakistaneo Kay Superheroes – Selina Rashid Khan

Selina founded Lotus, a PR agency, back in 2007 from a small store room at her father’s office. From its humble beginnings, Lotus has went on to design media campaigns for health care sector, fashion shows, music concerts, entertainment and social movements.

Selina spoke of the struggles she faced 10 years back, mentioning that things are more or less the same now. She mentioned how her work is impacted by low signal strength of internet connection, electricity load shedding and gas and water shortage. Selina believes Pakistan being a developing country has a lot of potential in PR. As a perfectionist, she believes that when an employee does not perform, it is her failure. She also shared her journey of taking up the marketing and PR of Coke Studio which started off by she being a backing vocalist in season 1. During Coke Studio Season 2 she had an option to choose between being a backing vocalist or taking up charge of the show’s PR.  She decided to go with the latter.

Himmat Karo Pakistaneo – Khaliq Raja Zafar

Khaliq is the Chairman of Ittehad foundation which is a non-profit school for young children who cannot afford to pay for education. The school pays for the books and stationery requirement of students and even facilitates students who can’t pay the school fee.

Khaliq’s motivation behind starting this school was personal. He recounted how he had to walk 25 kms just to get to the school in his younger days. That is when he decided he will one day make a schools for children to make it easier for them to gain education.

Currently he is running 7 branches of Ittehad foundation. He is even running 2 schools in slums, to educate the children who live there.

Pakistaneo Kay Superheroes and Himmat Karo Pakistan

Nabeel A. Qadeer closed the show by advising startups and entrepreneurs to never quit.

Idea Croron Ka airs its season finale this Thursday at 11 pm on Neo Network. Don’t miss it.

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