WeHear: Transforming Hearing Health on Shark Tank India with Bone Conduction Technology

WeHear is a company that started in 2019 to help people who have trouble hearing. They wanted to create new ways to improve hearing without needing surgery. They found a special way to send sound directly to the ear’s inner part, which means no need for surgeries or traditional hearing aids. Their main innovation is using bone conduction technology to help people hear better. This technology is especially helpful for those with ear problems like microtia. WeHear has two products available: HearNU Pro, which costs 80,000, and Wehear OX, a smart headphone to prevent future ear issues. They have patented their technologies and have a team of 38 experts working on development. WeHear has been doing well in sales, with increasing revenues each month in 2023. They are selling more devices in international markets.

Click here to visit official website: WeHear

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The founders of WeHear are Kanishka Patel and Raj Shah. Kanishka Patel serves as the Co-Founder & CEO, bringing expertise in product development with innovative vision and technical prowess. Raj Shah, also a Co-Founder, spearheads marketing and strategic initiatives at WeHear, leveraging his business acumen to drive company growth. They both share a passion for technology, hold a common educational background in B. Tech, and started their journey with WeHear in 2017. Raj Shah further enhances the collaboration with an additional MBA in technology management, contributing to WeHear’s position as a pioneering force in the industry.

For the future, they plan to expand to more cities in India and countries around the world. They aim to sell 2.25 lakh devices and make 160 crores in revenue in the year FY24-25. To grow further, they are thinking of getting support from investors in India.

Recently, the founders of a company called WeHear appeared on a TV show called Shark Tank India. They were looking for investors to give them 2.5 crores in exchange for a 1% ownership of their company, which they said was worth 250 crores. The founders claim that they have created new ways to help people with hearing problems without needing surgery. Their products have been recommended by important institutions in India. They also have patents for their unique hearing solutions. During the show, the investors, known as sharks, were impressed by the company’s ideas but thought that the company was valued too high. Only one investor, Piyush Bansal, made an offer to invest 2.5 crores for 1% ownership of the company plus an additional 1.5% as advisory equity, all at the of 250 crores. The founders accepted this offer from Piyush Bansal.

To let people know about their services, WeHear uses various methods like online advertising, working with healthcare providers, and running awareness campaigns. They promote their technology-based solutions as better alternatives to traditional surgeries for hearing issues. The company also shares stories of people who have benefited from their products and educates the public about hearing health and advancements in technology. They sell their products through partnerships with health centers, clinics, and online platforms.

Shark Tank India showcases a dynamic platform where aspiring business owners pitch their concepts to influential investors, hoping to gain the support and resources needed to scale their enterprises.