Shark Tank India-4: Aman said on AI.gnosis- ‘You should get an award from the government’, 3 sharks did the deal, got ₹1 crore.

AI.gnosis on shark tank india

Three points you will get to know in this article:

  • Gnosis is an AI-powered solution designed to detect autism, provide expert consultation, and offer therapy.
  • The founders, Raksheet Jain and Divyansh Mangal, are young entrepreneurs passionate about leveraging AI to make a social impact.
  • Aman Gupta, Varun Dua, and Peyush Bansal joined forces to propose a combined offer:₹1 crore for 8% equity, valuing the company at ₹12.5 crore.

Shark Tank India: Jaipur Entrepreneurs Land ₹1 Crore Deal for Autism AI Startup

aignosis logo

A healthcare startup emerged in the fourth season of Shark Tank India, drawing everyone’s attention to a significant issue affecting children. This condition is known as autism, and it causes significant behavioral abnormalities in kids. They become irate, live alone, and struggle to complete all of their tasks as readily as other kids. The firm is called AI.gnosis, and it was founded by two Jaipur locals, Divyansh Mangal, 22, and Rakshit Jain, 26.

Click here to visit here to their official website : AI.gnosis

According to the founders, children with autism begin to exhibit symptoms as early as age two. Every child must be screened in such a situation since the sooner it is identified, the sooner the youngster can receive assistance. The founders estimate that 1.5 percent of the 2.5 crore youngsters born in India each year have autism. Since it is rarely identified in children, they are never able to perform any task to the best of their abilities.

The sharks entherpower” or if it husiastically greeted the pair and praised the originality of their brand’s name. Anupam made a fascinating point when he questioned whether autism is now viewed as a “new supas been stigmatized by society. With assurance, Raksheet replied, outlining their goal to eradicate the stigma associated with autism. He highlighted how, with the right guidance, autistic youngsters may excel in particular talents. The two went on to give instances of how untreated autism might cause developmental difficulties for a child, but Anupam was unconvinced.

Adding his own viewpoint, Varun Dua mentioned that he had seen both moderate and severe cases of autism. He noted that while severe cases presented more difficulties, lesser cases could frequently be handled with early care. However, in severe cases, parents refuse to acknowledge that their child may have a problem, which causes the diagnosis to be delayed, he noted. As a result, the child exhibits extreme anger, clumsy behavior, and object tossing. Over time, this makes treatment much more difficult.

About AI.gnosis

AI.gnosis is a startup to offer AI-powered tools that help you understand your child’s unique way of experiencing the world. This will help you identify the signs of autism and other neurodevelopmental concerns from the comfort of your own home, giving you insights when they matter most. Keeping your family’s needs in mind, we have created a tool that ensures accuracy and reliability without being invasive.

They highlighted the growing concern of Autism Spectrum Disorder (ASD), a complex neurodevelopmental condition that affects many children in India.

About the founders

The founders, Raksheet Jain and Divyansh Mangal, are young entrepreneurs passionate about leveraging AI to make a social impact.

Rakshit completed his AI B.Tech. After completing his undergraduate and graduate studies at BITS Pilani, Divyansh conducted research in Europe on artificial intelligence and quantum theory. Although Divyansh recognized the uniqueness of his findings, he desired to have a 100-fold greater impact. Thus, he and Rakshit founded this startup when he arrived in India.

Key Facts Shared by Founders

  • Autism in India: 1.5% of the 2.5 crore children born annually in India fall on the autism spectrum.
  • Symptoms in Children: Prolonged screen usage, limited interaction with peers, and withdrawal into their own world. Many cases remain undiagnosed due to the lack of accessible and affordable screening tools.

Product Highlights

  • Price: ₹700 per test.
  • Time: Generates results within 5 minutes.
  • Technology: Equipped with 17 AI-powered features that analyze data to generate detailed reports.

The Business Model

Although Ai.gnosis is currently pre-revenue and pre-launch, the founders shared a clear vision and solid unit economics:

Unit Economics (for ₹700/test)

  • Partnership Fee: ₹140 (20%)
  • Server Cost: ₹60 (8.6%)
  • Marketing: ₹50 (7.1%)
  • Other Expenses: ₹50 (7.1%).
  • EBITDA: ₹400 (57.1%).

The Ask : ₹50 lakh for 4% equity, valuing the company at ₹12.5 crore.

Cost of the test is Rs 700

In addition to providing detecting tests, this startup allows users to schedule professional consultations. According to the founders, the test they are conducting in five minutes for around Rs 700 takes two to three hours if conducted elsewhere and costs about Rs 5000. Let us inform you that this startup’s product has not yet been released, but it will be in the near future.

Late detection of the problem

According to the founders, women take their kids to the doctor once every seven years. Contrary to popular belief, the youngster is not shy. It is postponed in this way because everyone believes the youngster is okay. It is important to note that both Divyansh and Rakshit’s fathers work as pediatricians. Both of their mothers work as doctors.

The founders of Ai.gnosis have big doctors as mentors

A physician has also examined this startup’s model. The creators claimed that S Sitaraman, the vice chancellor of the Indian College of Pediatrics and their mentor, had validated the firm. According to Rakshit, there is a six- to six-month waiting time at the child development facility where Divyansh’s father works. It is difficult to address the issue of autism in such a setting.

B2B is the company’s business model. There are 250 centers connected to them. According to him, the doctors would review the reports, confer with patients, and develop treatment programs based on them.

Sharks comments on the startup

Although the sharks disagreed with the company’s business plan and methods, everyone appreciated this step in the fight against autism.

Varun voiced worries that the business model appeared to deviate from the main issue when the pricing specifics were disclosed. Peyush, on the other hand, questioned how they were able to persuade physicians to accept only Rs. 140 per patient. In spite of the criticism, the pitchers reaffirmed their dedication to developing an accessible and reasonably priced alternative that would challenge conventional practices.

The AIgnosis team’s acquisition of financing and mentorship at the end of the episode marked a significant turning point in their efforts to change the way autism is identified and treated in India. Both the sharks and the audience were profoundly impacted by their dedication to shattering stereotypes and enhancing lives.

Aman said - you should get an award from the government

Aman Gupta even suggested that if this issue is resolved, you ought to receive a government award

Sharks Out of the Deal

  • Vineeta Singh: Opted out, citing the company’s pre-revenue status.
  • Anupam Mittal: Appreciated the effort but chose not to invest.

Sharks Interested

  • Aman Gupta: Offered ₹50 lakh for 4% equity (valuation ₹12.5 crore).
  • Varun Dua: Partnered with Aman on the same offer.
  • Peyush Bansal: Made two counter-offers:

₹50 lakh for 4% equity (valuation ₹12.5 crore).

₹1.25 crore for 10% equity (valuation ₹12.5 crore).

The Final Deal

After discussions, Aman Gupta, Varun Dua, and Peyush Bansal joined forces to propose a combined offer:

  • ₹1 crore for 8% equity, valuing the company at ₹12.5 crore.
    The founders accepted this deal.

Reasons Why ai.gnosis Stood Out

Ai.gnosis is more than just a business—it’s a mission to make autism detection accessible and affordable for millions. The blend of innovative AI technology, a clear revenue model, and a strong commitment to social impact made this pitch compelling for the sharks.

This deal marks a significant step for ai.gnosis in its journey to revolutionize autism screening and therapy. With the backing of three sharks—Aman Gupta, Varun Dua, and Peyush Bansal—the company is well-positioned to execute its vision and create a lasting impact.

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