InnerGize is co-founded by Dr Siddhant Bhargava, Shalmali Kadu, Mitansh Khurana aims to improve the lives of people suffering from Stress and Anxiety disorders
Patch 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
The cost of the item is ₹5,000. pack of eight patches is also available for ₹500. The product’s manufacturing cost is ₹1,200
Thirty-three percent of the business was held by the three 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
Aman, Ritesh, and Azhar jointly offered Rs 75 lakh for 3% stake. The pitchers requested a few minutes to make their decision
Founders requested 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