Shark Tank Janitri
|Ask||1 cr. for 2.5% equity|
Arun Agarwal is from Alwar, Rajasthan. He is the founder of Janitri. He has done his schooling in Alwar. He got the chance for B.Tech in Electronics Engineering from VIT Vellore. He had his job as a patent analyst in the healthcare domain. In free time he started to meet with medical stakeholders. The company has started its sales from March 2021.
About the company Janitri
In India, the Maternal Mortality rate is 113 per 1 lakh and infant mortality rate is 30 per 1000 live births. Inorder to reduce this problem by 80% Janitri has been introduced in the market. Janitri is a wearable & AI-enabled devices & software which monitor the vitals information of mother and doctor can track these data continuously from their mobile phones. The vision of the company is to reduce the risk and complications of every mother before and after pregnancy. Their product Navam which is in prototype stage is the wearable to track fetal movement. Their other product which is currently in the market is Keyar Patch, used for fetal heart rate monitoring and maternal heart rate monitoring, labor contraction monitoring and fetal movement monitoring. There is an application called Daksh which is the bridge between the phone and the device. Before this there is a device called a cardiotocography machine which is used for monitoring fetal movement only. The company has filed 12 patents and got 4 patents.
Ask by the Owners Janitri
Pitcher has asked for 1 cr. for 2.5% equity in the company.
Janitri Sales And Revenue
Their business model is B2B. The cost of the Keyar Patch is 29000 rupees and the cost of the software is Rs. 10000/year. In FY 21-22 the sales was Rs.1.03 cr. rupees. Last month the sale was 10 lakhs rupees. The monthly burn is Rs. 15 lakhs. They have been granted by BIRAC, GATES Foundation, the Government of Canada, and Government of Karnataka. The total money they have raised is 7 cr. They have 50% of grants and 50% of equity.
Offers and counter offers
Namita counters for 75 lakhs rupees for 5% equity and 25 lakhs rupees debt.
Namita’s revised offer is 60 lakhs rupees for 2% equity and 40 lakhs rupees debt.
Peyush and Amit counter offers for 1 cr. rupees for 5% equity.
Amit and Peysuh again revised the offer as 2.5% equity for 1 cr. And if the revenue of Rs. 20 cr. is not reached in the next year then they will get additional 2.5% equity.
Namita’s revised offer matches the offer from Amit and Peyush.
Janitri Final deal
The deal was finalized with Namita.