How AI-Based Software Startup CureSee Secured ₹50 Lakhs On Shark Tank

CureSee Vision Therapy is an innovative startup that has launched the first-ever AI-driven software designed for vision therapy. This cutting-edge solution addresses conditions such as Amblyopia (often referred to as Lazy Eye), Squint Eye, and Convergence Insufficiency. Recently, the company showcased its product on Shark Tank India, specifically in Season 2, Episode 34. Their software tailors therapy to each patient’s needs, helping those with Amblyopia. Founded in 2019, CureSee also provides free eye screenings on their website. Many users report noticeable improvements in their vision within just 1 to 2 months of using the therapy.

Click here to visit their official website: CureSee

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CureSee has earned recognition and assistance from the Government of India and proudly claims to have treated more than 2,500 patients by the time they presented their pitch. They have one research paper published that backs up their vision correction claims, and currently, they are working on two additional research studies. CureSee offers subscriptions that range from 12,000 to 18,000 rupees for a period of 3 to 6 months and provides its software through hospitals. In the past month, they reported revenue of ₹2.64 lakh and had 310 patients actively using their services.

Namita, one of the sharks, wanted to invest in CureSee. She offered ₹50 lakh (which is 5 million rupees) in exchange for 10% ownership of the company. She also wanted to include CureSee in her existing business network called EMCURE.

Aman decided not to invest because he felt he didn’t know enough about the business. Vineeta also chose not to invest and agreed that Namita would be a good partner for CureSee. Peyush was interested and made a different offer: he wanted to give ₹1 crore (10 million rupees) but for 25% of the business. He was open to matching Namita’s offer if needed. Anupam commented that he felt Namita and Peyush would be better partners, so he also stepped out of the deal.

Namita then changed her offer to ₹40 lakh for 7.5% of the company. Peyush stuck to his original offer of ₹1 crore for 25%. The CureSee team asked Peyush to match Namita’s new offer, but he didn’t want to do that.

Namita made another change to her offer, now saying she would invest ₹40 lakh for only 5% of the company. This offer valued CureSee much higher than Peyush’s initial valuation. Peyush responded by increasing his offer to ₹50 lakh for the original 10% equity. In the end, the CureSee team accepted Peyush’s offer of ₹50 lakh for 10% of the company.

Cure See Business, which is based in Gurugram, India. Their formal name is MPJ CURESEE PRIVATE LIMITED. This company has created a very advanced treatment for vision problems, especially focusing on conditions like amblyopia (often called lazy eye) and computer vision syndrome. They use a modern approach called Software as a Service (SaaS), which means that their vision therapy is delivered through software, likely accessible online or through an app. This makes it easier for patients to access the therapy they need.

The company is addressing a common belief that there is no cure for certain visual disorders. They are working to change this perception by providing effective solutions that can help patients improve their vision.

CureSee went to “Shark Tank India” to seek investment from one of the investors (Peyush), but they never finalized a deal after the pitch. We don’t know exactly why the deal didn’t happen. Despite not getting the investment, CureSee is still doing well. According to their website, they have helped over 2,800 patients and work with more than 350 doctors across 80 cities in India.

The company has won five awards from different organizations and government bodies, which shows they are recognized for their work. After their episode aired on TV, the founder, Puneet, said they received a lot of attention. His phone was overwhelmed with calls, getting about 700 to 800 calls every day. They are still busy trying to keep up with all the orders coming in.

To help manage this huge number of orders, CureSee has created a Chatbot, which is a type of computer program that can talk with customers and help with their requests. Puneet mentioned that they are still adjusting their prices but believes that their customers are getting good value for what they pay.