Neuphony specializes in advanced wearable EEG headsets for brain research, launched in April 2022, and pitched on Shark Tank in August 2022

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Their products provide real-time EEG data, targeting neuroscience, cognitive wellness, and brain fitness applications

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Neuphony sought ₹1 Crore investment for 2% equity, facing skepticism about their high valuation for a pre-revenue company during the pitch

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The founders, Ria Rustagi and Bhavya Madan, successfully raised ₹2.5 Crores at a ₹17.5 Crore post-money valuation after their pitch

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After Shark Tank, the deal with Aman and Peyush did not finalize, although better offers were made post-show, which Neuphony declined

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Despite not closing the deal, Neuphony has thrived, selling around 40 devices priced at ₹49,000 and targeting businesses and corporations

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They continue to follow their original go-to-market strategy and are now available for purchase on their website and Amazon

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Neuphony has projected ₹5 crore in revenue for FY22-23 but has not publicly shared detailed financial information

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