Shark Tank Mindpeers
In this episode of Shark Tank India Mindpeers,a digital tool that helps their users with mental strength present the pitch. Will the founder get a deal from the sharks? To know about the deal read till the end.
|Founders||Sahil Chitkara and Kanika Agarwal|
|Ask||₹53 lakhs for 1% equity|
About the company Mindpeers
India is the most depressed country in the world. So this is a big issue. In Order to solve this problem Mindpeers was found. Mindpeers is such a company that reduces your mental pressure and strengthens your mental health. They have a patented algorithm that can measure how financial status, relationship status, social status impact your mind. They have invented in house neuroscience games and behavior-changing and habit-forming tools. They have 3.5 lakhs of active users and have expanded worldwide in the UK,US and Singapore.
Ask by the Owner Mindpeers
Pitcher asked 53 lakhs for 1% equity in the company.
Mindpeers Sales And Revenue
Company has raised 1.12 crore rupees at a valuation of 33.75 crore rupees. Equity splits is 70% with Kanika, 25% is with Sahil and 5% is with financial advisors. The monthly cost of the application is 350 rupees. They have 3500+ active users. They have 30000 monthly active users. In the month of Oct ’22 the sales were 16.5 lakhs rupees. 10 lakhs rupees sales came from B2C and 6.5 lakhs rupees came from B2B. They have already signed a 22 lakhs rupees contract from B2B model.
Mahantam Tea Glass Shark Tank
Offers and counter offers
Peyush offers 53 lakhs rupees for 1% equity.
Vineeta,Namita and Aman together counteroffer 53 lakhs rupees for 1% equity.
Peyush offers additional 53 lakhs for 1% equity.
That means a total of 1.06 crore for 2% equity.
Mindpeers Final deal
The deal was finalized with Aman, Vineeta, Namita, and Peyush for 1.06 crore for 2% equity.