Shark Tank Neuphony
In this episode of Shark Tank India Neuphony, a brain-smart watch manufacturing company presents the pitch. Will the founder get a deal from the sharks? To know about the agreement read till the end.
| Company name | Neuphony |
| Founders | Bhavya Madan and Riya Rustagi |
| Ask | ₹1 crore for 2% equity |
About the company Neuphony
Our meditation breaks due to daily distractions in our life. Neuphony can be worn on the head. This can track stress, attention, focus and mood. To improve these factors they suggest meditation, breathing exercises, and music. The product was launched in April 2022. They want to revolutionize the mental health industry through Neuphony. It is made of polycarbonate and ABS plastic. There are silicon based brushes, that are EEG sensors used to capture the rhythm in the brand. The electronics inside it can be connected to the user’s device where all data is sent. It’s features:
- Baseline calculation to monitor the current status of the brain.
- It calculates the PDR of the brain which idli should remain between 8 to 12 Hertz.
- Weekly and monthly warnings can be given on the basis of the result so that one can consult a doctor when needed.
- Positive mood can be measured as moods show positive, negative and neutral.
Based on the scores of these factors the encourage and motivate people through various phases. The accuracy of the machine is 98%. They are the pioneers of the neuro industry in India. They are mainly targeting businesses and corporates.
Ask by the Owner of Neuphony
The owners made an ask of 1 crore for 2% equity of the company at the valuation of 50 crores.
Neuphony Sales And Revenue
The cost of each product is 49000. Previously they raised 2.5 crores at a pre-one valuation of 17.5 crores. The monthly burn rate is 12 lacs. The aim in FY 22 to 23 is to sell 1000 products so the projected sales are 5 crores. Their subscription fee is 1800 per person per year.
Shark Tank Bowled.io
Offers and counter offers
Namita gives an offer of 1 crore for 6.6% equity at the valuation of 15 crores. Latter Anupam joined this offer.
Peyush and Aman also gave the same offer of 1 crore for 6.6% equity.
The owners give a counteroffer of 1 crore for 5% equity.
Peyush and Aman gave a counteroffer of 1 crore for 5.4% equity.
Neuphony Final deal
The final deal was closed with Peyush and Aman for 1 crore rupees at 5.4% equity of the company.