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Neuphony has raised 1 crore rupees at 5.4% equity of the company from shark tank season 2. Peyush and Aman invested in this startup. The pitchers asked for 1 crore for 2% equity of the company at the valuation of 50 crores.
Namita offered 1 crore for 6.6% equity at the valuation of 15 crores. Later, Anupam joined this offer. Peyush and Aman also offered the same 1 crore for 6.6% equity. The pitchers gave a counteroffer of 1 crore for 5% equity. Peyush and Aman gave a counteroffer of 1 crore for 5.4% equity.
Also Read Cakelicious has raised 25 lakhs for 20% equity of the company from shark tank season 2. Amit invested in this startup.
About Neuphony
The founder of the company is Bhavya Madan and Ria Rustagi. Our meditation breaks occur as a result of daily distractions in our lives. Neuphony is a headband that can be worn. This is capable of tracking stress, attention, focus, and mood. They recommend meditation, breathing exercises, and music to improve these factors. The product will be available in April 2022. Through Neuphony, they hope to revolutionise the mental health industry. It is constructed from polycarbonate and ABS plastic. There are silicon-based brushes that are EEG sensors used to capture the brand’s rhythm. Its electronics can be linked to the user’s device, where all data is sent. It has the following features:
- Baseline calculation to monitor the brain’s current state.
- It computes the brain’s PDR, which should be between 8 and 12 Hertz.
- Based on the results, weekly and monthly warnings can be issued so that a doctor can be consulted.
- Positive mood can be measured because moods are classified as positive, negative, or neutral.
People are encouraged and motivated through various stages based on the scores of these factors. The machine has a 98% accuracy. They are the forefathers of India’s neuro industry. They primarily target businesses and corporations.
Neuphony Business Statistics:
Each product costs 49000 dollars. They previously raised 2.5 crores at a valuation of 17.5 crores. The monthly burn rate is 12 lakhs. The goal for FY 22-23 is to sell 1000 products, for a total of 5 crores in sales. Their annual subscription fee is 1800 per person.
What Problem Do They Solve
Neuphony Business is designed to treat mental health with an understanding of psychological, emotional and social well-being. Inspired by the resources of heart treatment, they want to create a tool for mental health. Neuphony is India’s 1st wearable neurofeedback device that helps understand the brain;
- It helps you deal with stress and avoid burnout in day-to-day life.
- It uses meditation, music and breathing techniques to bring your mind into a state of calm.
- Tracks brain activity in real-time to provide feedback on your lifestyle.
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