Holokitab and Neuphony Secure Deals with Sharks, Bringing Innovative Tech to the Masses!
Holokitab Clinches a Deal with Shark Namita!
In an era of rapidly advancing technology, limiting children’s education to traditional books seems outdated. Enter Holokitab, a tech company founded in 2020 by Dipanshu Bajaj and Nikhil Miglani, which uses Augmented Reality (AR) to revolutionize learning. By providing 3D visualizations and audio references, Holokitab creates an engaging learning experience for kids. With 10,000 products sold to date, the company aims to establish AR as a new category in education and beyond.
Holokitab sought an investment of ₹45 Lakhs for 10% equity at a ₹4.5 crore valuation. Shark Namita offered a conditional deal, proposing ₹45 Lakhs for 25% equity at a ₹1.8 crore valuation, contingent on expanding into other industries and adjusting the revenue model. The founders accepted the offer, setting the stage for Holokitab’s next chapter.
Amrutam Aims to Bring 100% Natural Ayurvedic Products to the World!
In 2017, siblings Agnim, Ashok, and Stuti Gupta took their father’s traditional business online, founding Amrutam, an Ayurvedic lifestyle brand. Offering a wide range of personal and healthcare products made from pure, 100% natural ingredients, Amrutam now serves over 100,000 customers across 40+ countries. With a vision to globalize authentic Ayurvedic products, the founders sought ₹50 Lakhs for 2% equity at a ₹25 crore valuation. Unfortunately, they did not secure a deal.
Neuphony Secures a Deal at Their Previous Valuation!
Stress, anxiety, and lack of focus are pervasive issues that can disrupt daily life. Recognizing the need for a solution, Bhavya Madan and Ria Rustogi launched Neuphony in 2022. This innovative device, which they describe as a “smartwatch for the brain,” uses EEG and PDR sensors to track and improve mental well-being through meditation, breathing exercises, and music.
Priced at ₹49,000, Neuphony has made 15 pre-sales and sold 10 units. The founders previously raised ₹1.5 crores at a ₹17 crore valuation. Seeking ₹1 crore for 2% equity at a ₹50 crore valuation on the show, they received offers from multiple sharks. Ultimately, they chose to partner with Aman and Peyush, who offered ₹1 crore for 5.4% equity at an ₹18.5 crore valuation. With this deal, Neuphony is poised to refine its strategy and bring this cutting-edge product to consumers.