Vibrasense on Shark Tank India: Seals Deal with Namita and Peyush

Mumbai-based Vibrasense, developed by Ayati Devices, made a strong impression on Shark Tank India Season 4.

Nishant Kathpal founded the healthcare firm in 2019 with the goal of identifying diabetic foot problems and neuropathy.

Kathpal, who valued Vibrasense at ₹50 crore, entered the tank looking for ₹1 crore for 2% equity.He demonstrated their cutting-edge diabetic foot screener, which is intended to save doctors time without sacrificing diagnostic precision.In order to provide more effective treatment, the device also helps neuropathy patients track their status. Vibrasense has been exported to more than 15 nations globally and implemented in over 40,000 sites, Kathpal emphasized during the pitch.

Vibrasense is a battery-powered, portable device used to accurately and efficiently screen for peripheral neuropathy, specifically diabetic peripheral neuropathy. Developed by Ayati Devices Private Limited, a healthcare firm formed on February 9, 2019, Vibrasense seeks to transform patient screening and diagnosis with its innovative technology.

This device can test over 100 patients with a single charge. Its products include Vibrasense, Vibrasense+T, and Angiocam. It can help diabetics avoid foot amputations. Its specializations include medical devices, diabetes, neuropathy, and diabetic foot screening.

Ayati Devices is a healthcare startup that was founded on February 9, 2019. With a major focus on neuropathy and diabetic foot issues, their goal is to create and provide meaningful and effective goods to society. Ayati Devices specializes in the development of novel healthcare solutions, with a focus on diabetic problems. The startup has been awarded the BIRAC BIG Grant by the Government of India and is now incubated at SINE, IIT Bombay.

Click here to visit their website – Vibrasense

Related: Pinq Polka on Shark Tank India: Did Women Hygiene Centric Brand Secured a Deal?

• Portability: Its ergonomic design makes it easy to use and transport, allowing healthcare practitioners to perform screenings in a variety of situations.
• Battery Life: Can screen over 70 individuals on a single charge, increasing efficiency in healthcare contexts.
• Display Integration: Equipped with an inbuilt display to manage the level of the stimulus administered, allowing for quick and precise screenings in less than 10 minutes.
• Data management: It enables the preservation and quantification of many patient data entries, expediting reporting processes.

Nishant Kathpal (CEO & Director): With over eight years of experience in product design and development, Nishant oversees the company’s product development strategy, business and sales planning, and clinical study coordination.

Dr. Rupesh Ghyar (Director): Specializing in medical device development, Dr. Ghyar manages regulatory pathways, clinical trials, and business development initiatives.

• Catering to innovative toolsfor human protection and better detection.
• To enable every human to live a healthier life.

Financial highlights for the fiscal year ending March 31, 2023:

• The company’s overall revenue increased by 3.17% over the previous fiscal year.
• Profit increased by 92.93%, suggesting higher operational efficiency and market success.
• Ayati Devices’ net worth increased by 91.57%, indicating a strong financial position and effective reinvestment initiatives.
• Total assets increased by 84.24%, indicating strong investments in infrastructure and R&D.
• The company’s authorized share capital is ₹0.52 million, with a paid-up capital of ₹0.14 million.

The ownership structure consists of 82.61% promoter holding and 17.39% public holding.

Nishant Kathpal, founder of Vibrasense, went on Shark Tank India season 4 episode 30 to seek an offer of ₹1 crore for 2% equity at a valuation of ₹50 Cr.

The Shark Tank India – Season 4 episode included all sharks, including Kunal Bahl, Peyush Bansal, Anupam Mittal, Namita Thapar, and Vineeta Singh, Vibrasense secured a deal for ₹ 1 Cr. for 4.76% equity at a valuation of ₹ 21 Cr. Sharks Namita Thapar and Peyush Bansal have invested in Vibrasense and will provide significant mentoring to assist them expand their company.

Season: Shark Tank INDIA Season 4

Original Ask: ₹ 1 Crore for 2% Equity @ ₹50 Crore Valuation

Got Investment: Yes

Deal: ₹ 1 Crore for 4.76% Equity

Investment By: Namita Thapar, Peyush Bansal

The founders  landed a deal of ₹ 1 Cr. for 4.76 % equity at the valuation of ₹ 21 Cr. with Sharks Namita Thapar & Peyush Bansal, and they received invaluable mentorship to help grow their business Vibrasense. It was an exciting episode of Shark Tank India – Season 4 with all the sharks: Kunal Bahl, Peyush Bansal, Anupam Mittal, Namita Thapar, and Vineeta Singh. Everyone is now excitedly anticipating the next episode, hoping to learn more about the judges’ approaches to fund-raising and more fascinating firms.