Mindpeers Shark tank India season 2 episode 29

mindpeers shark tank

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.

Company name Mindpeers 
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.

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