What Happened to Elcare After Shark Tank India?
What is Elcare?
Elcare is a platform that helps the elder people of India get necessary services in their daily lives. More than 20 Crore population are 50+ years old in India. These older generations need help in their everyday life. That’s where Elcare comes in place.
Currently, we’re seeing a lot of nuclear families in our society. Who will take your grandparents to the temple? Who will take your grandparents to the hospital if you’re not around?
Elcare has your back. Elcare only appoints ex-defense personnel as caregivers. So that you can be assured that someone professional is taking care of your loved ones.
Some similar companies like Elcare are Portea & Nightingales.
Who is the Founder of Elcare?
Suresh Mutneja, Aashna Mutneja & Pankaj Bhai are the founders of Elcare. Suresh is the father and Aashna is the daughter. They are from Mumbai. Pankaj is from Gurgaon.
Aashna is 22 years old and the director of the company.
Equity split of Elcare
| Suresh | 30% |
| Suresh’s Wife | 22.5% |
| Aashna | 11.25% |
| Son | 11.25% |
| Pankaj | 25% |
Elcare Before Shark Tank India?
Elcare offered its services in 11+ cities. More than 226 families have taken their services and gave positive feedback.
How much money did they ask for on the pitch?
They came to Shark Tank India seeking ₹1 Crore for 2.5% equity in their company Elcare. Which gives the company a valuation of ₹40 Crores.
How to get Elcare services?
Just simply download the application. You can browse all the services in the application. There are 4 major topics.
- Healthcare services
- Convenience Services
- Safety, Security
- Community Engagement
You can browse these major topics and within those, you’ll find more subtopics. You can easily book any service and time.
Once a caregiver provides his service, he’ll keep a record of all the necessary information in the application. Like Diagnostics, Lab Reports, Vitals, Documents, Blood Reports etc.
This information can be accessed at any time in the mobile application.
What are the Annual Sales of Elcare?
| Fiscal Year | Annual Sales |
| 2021 – 2022 | ₹50 Lakhs To Date |
Which shark gave Elcare an offer?
Peyush Bansal was out. He didn’t think the business was investable at the moment.
Namita Thapar was out. She thought the competitors had the advantage as they were early in the market.
Anupam Mittal was out. He didn’t like the shareholding structure of the company.
Ghazal Alagh was out. She didn’t like the team also.
Aman Gupta was out.
Vineeta Singh was out. She was impressed with Aashna. She didn’t like the fact that the company wasn’t transparent with the pricing of the services.
Ashneer Grover was out. He advised them to build a database of ex-defense personnel. That could become a billion-dollar startup.
What deal did Elcare get in Shark Tank India?
Unfortunately, Elcare didn’t get any deal in Shark Tank India.
| Company Name | Elcare |
| Founder | Suresh Mutneja, Aashna Mutneja & Pankaj Bhai |
| Asked Amount | ₹1 Crore for 2.5% |
| Final Deal | No Deal |
| Shark | No Shark |
| Company Net Worth | ₹40 Crores |
| Company Website | elcare.co |
| Company Status | In Business |
What is the net worth of Elcare?
The net worth of Elcare is ₹40 Crores.
Is Elcare still in Business?
Yes, Elcare is still in the elder care business.
