Shooting for the Stratosphere: Kalam Labs’ Shark Tank Pitch Puts NearSpace Tech on India’s Map
In a defining moment for India’s deep-tech ambitions, Lucknow-based Kalam Labs took center stage on Shark Tank India Season 5, showcasing a vision that stretched literally into the stratosphere. The founders, Ahmad Faraz, Sashakt Tripathi, and Harshit Awasthi, pitched their pioneering NearSpace technology—a blend of high-altitude balloons and autonomous drones—not just for investment, but as a national mission to democratize access to the edge of space. Their ask: ₹2 crore for 0.67% equity, translating to a bold valuation of nearly ₹300 crore, a figure that sparked intense scrutiny but underscored their monumental ambition.
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