What is Cosmo Health?Cosmo Health is a tech-enabled healthcare firm that specializes in digital health solutions for urban and semi-urban areas, emergency response, and preventive care.
Not Just a Service, But a LifelineCosmo Health, which was founded on the principle that "minutes save lives," uses technology, organized response systems, and on-site medical assistance to minimize emergency care waits.
What Cosmo Health ProvidesWith a tech-driven healthcare strategy, Cosmo Health offers first aid, homenursing, doctor support, rapid-response ambulances, and round-the-clockassistance, particularly in gated areas.
Adoption EarlyAccording to the founders, Cosmo Health has worked with about 7,000 familiesin various residential societies, beginning with free trials and progressivelyturning some of them into paying customers.
A Financial OverviewCosmo Health estimated that paid conversions would bring in about ₹6 lakh,with a monthly burn of roughly ₹3 lakh. Operations, nursing, and ambulanceare included in the setup costs for each society.
The AskThe founders emphasized the importance of saving lives and the pressing needfor quicker emergency response systems by requesting ₹1 crore in exchange for4% equity.
Sharks Take OverEvery Shark shown interest and offered bids. Anupam Mittal, Kanika Tekriwal,and Kunal Bahl collectively offered ₹1 crore for 9% stock following negotiations.
Closed DealAt a price of ₹11.11 crore, Cosmo Health was able to clinch the purchase,which is a significant endorsement of its goal of modernizing emergencytreatment in India.