What Happened to DigiQure After Shark Tank India?
What is DigiQure?
DigiQure is a healthcare center based on telemedicine technology. They open small centers in rural areas where patients can come in and take telemedicine advice from renowned doctors. There are trained workers there to support them in this process.
Rural patients can take doctor consultations, prescriptions, medicine counseling, lab tests, and reports.
Patients can take subscription model services using a Saksham card. The fee for this card is ₹1 per day.
Currently, there are 7 e-clinics & 2 mobile clinics in Madhya Pradesh.
Who is the Founder of DigiQure?
Akanksh Tandon, Saket Asati & Ankur Chaurasia are the founders of DigiQure E-Clinic. Ankur is the CEO, Saket is the CTO & Akanksh is the CMO. Soumen Banerjee is also the project head. They are from Madhya Pradesh. They want to serve the entire nation.
Akanksh completed his B. Tech in Electronics & Communications Engineering.
Equity Split
| Ankur | 55% |
| Akanksh | 30% |
| Saket | 15% |
How much did they ask for in the pitch?
They came to Shark Tank India seeking ₹40 Lakhs for 4% equity in the company. Which gives the company a valuation of ₹10 Crores.
How much money did they raise for DigiQure?
They didn’t raise any money from outside investors. However, they invested ₹60 Lakhs of their own money into the business.
How to get service from DigiQure?
One can just come to any DigiQure clinic and seek assistance from the caregiver appointed there.
What is the Annual Sales of DigiQure?
Currently, they have 1800 subscribers. They don’t get any commissions from the hospitals. They charge ₹1.5 ~ ₹2 Lakhs per hospital for the marketing they’re doing for them and the leads they are generating for them.
Sales Split
| Hospitals | ₹2 Lakhs |
| Saksham Card | ₹90,000 |
| Medicines | ₹60,000 |
| Pathology Test | ₹40,000 |
| Consultation Fee | ₹10,000 |
Income from each outlet comes to around ₹80,000.
Their monthly revenue is ₹4 Lakhs. They have a tech team of 15 people. They also have an IT business. They are earning an additional ₹5 Lakhs from that IT business. They are burning around ₹1.5 Lakh per month.
Which shark gave DigiQure an offer?
Aman Gupta was out. He wasn’t sure whether it would become a big business or not.
Namita Thapar & Vineeta Singh were interested in the company. They offered ₹40 Lakhs for 20% of the company.
Peyush Bansal was also interested in the company. He offered ₹1 Crore for 25%.
Anupam Mittal was interested in the company. But he gave 3 conditions. He offered ₹1 Crore for 10%.
- The founders have to merge both companies
- They can’t open any new clinics until they are done with product market fit
- They need to rebrand DigiQure as Geeta
| Offer 1 | Offer 2 | Offer 3 |
| Peyush Bansal – ₹1 Crore for 25% | Namita Thapar & Vineeta Singh – ₹40 Lakhs for 20% | Anupam Mittal – ₹1 Crore for 10% |
They gave a counteroffer to Namita only. The counteroffer was ₹40 Lakhs for 10%. It was pretty much clear that they came to Shark Tank India to get a deal from Namita only.
What deal did DigiQure get in Shark Tank India?
They got a deal from Namita Thapar & it was ₹40 Lakhs for 10%.
What is the net worth of DigiQure?
Currently, after the deal with Namita Thapar, the net worth of DigiQure is ₹4 Crores.
| Company Name | DigiQure |
| Founder | Akanksh Tandon, Saket Asati & Ankur Chaurasia |
| Asked Amount | ₹40 Lakhs for 4% |
| Final Deal | ₹40 Lakhs for 10% |
| Shark | Namita Thapar |
| Company Net Worth | ₹4 Crores |
| Company Website | digiqure.com |
| Company Status | In Business |
Is DigiQure still in Business?
Yes, DigiQure is still in business.
