InnerGize appear on shark tank India season 4

InnerGize is a startup that aims to improve the lives of people suffering from Stress and Anxiety disorders by providing them with a smart patch that stimulates the autonomic nervous system of the brain to help relieve stress, increase productivity and improve their sleep cycle. The patch also monitors your EEG which can be viewed on our mobile app where you monitor your brain activity and track your sessions.

Click here to visit their official website : InnerGize

The patch has the potential to revolutionize the mental health sector, especially in India where we have almost 56 Million suffering from Depression and 36 Million people suffering from Anxiety disorder. Ignorance to our daily stress and anxiety levels can lead to chronic ailments like Cardiovascular diseases such as High Blood Pressure, Heart Attack, Weakened Immunity, Mental Health conditions such as Post Traumatic Stress Disorder (PTSD)insomnia and other sleep disorder. It’s important to take steps to manage stress and anxiety in order to help prevent these health problems from developing or becoming worse.

Related: Go Zero On Shark Tank India: Offering 100% Zero Sugar Ice Creams

The world’s first clinically validated mental health wearable for the stressed and anxious individuals. Experience tranquility through cutting-edge technology and uncover insights like never before.

A solution to your problems, now more accessible

• Your Daily Escape from Stress

This device identifies your triggers, provide tailored insights, and deliver personalized stress-relief sessions for a calmer, balanced you.

• Drift into the Best Sleep

Their personalized audios, soothing sessions, and smart reminders help you fall asleep faster, rest deeper, and wake up Innergized

• Achieve Calmwith personalised plans

One can experience true calm through tailored plans and actionaable insights designed to fit your individual needs and stress-relief goals.

In the most recent episode of Shark Tank India, which just launched its fourth season 3 young entrepreneur  presented their wearable stress-relieving device – Dr. Siddhant, Shalmali, and Mitansh presented their company, InnerGize, which creates a wearable device that stimulates the parasympathetic nervous system and relieves stress by gently stimulating the vegus nerve with electricity. On the pitch, Siddhant took the initiative and said that personal setbacks were the inspiration for the plan. They valued their company at Rs 36 crore and requested Rs 54 lakh in exchange for 1.5% equity.

Thirty-three percent of the business was held by the three Shark Tank India co-founders. A total of ₹2 crores was raised by InnerGize, of which ₹90 lakhs were grants. With a post-money valuation of ₹36 crores, they are currently raising a round with a total investment of ₹4 crores.

For the first six to eight months, the creators are concentrating on B2B sales, but they eventually hope to develop a D2C brand. The cost of the item is ₹5,000. The device, charger, and twelve patches are all included in the box. A pack of eight patches is also available for ₹500. The product’s manufacturing cost is ₹1,200.

The company aims to be their partner in mental health and provide services on a pay-per-session basis for their business-to-business model. They can market these products to those clients once they are accustomed to it and understand its advantages.

Aman questioned the business owners about the distinction between using their gadget and receiving a basic massage. He inquired, “Is this a medical champi?” to which Siddhant answered, “Yes, it is precisely that.” The speakers explained that the device merely helps a person’s mental health and gave a live demonstration of its operation. Additionally, they asserted that neurologists, therapists, and psychiatrists had all praised the device. They have already raised crores of rupees, he said. “Alia Bhatt is interested, and Finance with Sharan has invested.”

Citing his eagerness to gain a “foot in the door,” Ritesh was the first “shark” to submit a bid. He complied with the entrepreneur’s demands, but Vineeta and Kunal pulled out of the agreement, claiming that the product’s potential was unclear at the time. Azhar also agreed to the pitcher’s demands by matching Ritesh’s offer. Aman, however, offered the Rs 54 lakh they requested in exchange for 2.5% equity, stating that he can contribute significantly given his background in wearable technology.

Before they could respond, Aman, Ritesh, and Azhar jointly offered Rs 75 lakh for 3% stake. The pitchers requested a few minutes to make their decision.

The business owners were thrilled to notice the interest and responded by requesting Rs 1.08 crore in return for 3% equity. Aman promptly turned down Siddhant’s offer to give them a discount on the upcoming investment round. Following some discussions, they agreed to pay Rs 1 crore in return for 4.2% equity, and the business owners left with a settlement.

Dr Siddhant Bhargava, Shalmali Kadu and Mitansh Khurana are the co-founders of InnerGize.

Reeling with lupus took a toll on the diet specialist and celebrity nutritionist. Other health issues—such as battling thyroid cancer—had a bearing on his mental health too. However, he completed his MBBS and co-founded Food Darzee, a health and nutrition company that prepares customised meals according to dietary requirements, along with three others. The entrepreneur with 434K Instagram followers is popular for his informative medical reels.

Dr. Siddhant said that, like his father and grandfather, he became a doctor but was unable to continue his career after receiving a lupus diagnosis at the age of 22. Then, at age 26, he received a thyroid cancer diagnosis. All of the “sharks,” including Kunal Bahl, Vineeta Singh, Azhar Iqubal, Ritesh Agarwal, and Aman Gupta, were impressed with Siddhant’s perseverance and ambition. “Rongte khade hogaye” (I got goosebumps) said Aman.

Shalmali is an Instrumentation and Control Engineer with a passion for creating innovative solutions. She is deeply interested in mental wellness and firmly believe that blending wellness with technology can revolutionise how we live, work, and take care for our health. Her focus is on the exciting world of biohacking, where science and innovation combine to unlock human potential.

In 2023, she co-founded InnerGize, a company dedicated to transforming the mental health landscape through groundbreaking wearable technology.

With InnerGize, her  mission is to make mental health more accessible for everyone, while shifting the narrative around how we approach and prioritise our well-being.

Mitansh Khurana is a dynamic entrepreneur and the visionary co-founder of Innergize, a revolutionary platform dedicated to empowering individuals and organizations to achieve their peak mental and physical well-being. He has graduated last year only & is a gold medalist in Mathematics & Computing from Netaji Subhas University of Technology in Delhi.

• Founder: Dr. Siddharth Bhargava, Shalmali Kadu, and Mitansh Khurana
• Business: Stress relieve device
• Ask: ₹54 Lakhs for 2% Equity
• Valuation/ Networth: ₹36 Crores
• Funding: ₹1 Crore for 4.2% Equity
• Sharks: Aman Gupta, Ritesh Agarwal & Azhar Iqubal
• Episode: Season 4 Episode 5