What Happened to Janitri After Shark Tank India?

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What is Janitri?

Do you know, the maternal mortality ratio is 113 in 1 Lakh in India? And when it comes to infant mortality rate, it’s 30 per 1000 live births. Pregnancy time is really critical. To reduce these numbers even more, proper monitoring can be a solution.

To tackle this problem, Janitri comes in place. Janitri provides wearable & AI-enabled software & devices. It will monitor both the child’s & mother’s health continuously and send data to the doctor. So that the doctor can take immediate action if necessary.

Who is the Founder of Janitri?

Arun Agarwal is the founder of Janitri. He’s from Rajasthan. He wants to provide safety to both mother & child during pregnancy.

How much money did he ask for Janitri?

He came to Shark Tank India seeking ₹1 Crore for 2.5% equity in the company. Which gives the company a valuation of ₹40 Crores.

Arun completed his MS in biomedical engineering. Growing up, he saw many problems in the healthcare industry. He wanted to solve the healthcare problems using technology. 

He was a patent analyst before doing this startup. He filed 12 patents for Janitri also. Among them, four are granted.

Janitri has 3 products.

  1. Keyar Patch: It’s made of silicon & plastic. It gets attached to a pregnant woman’s belly. It collects a lot of data like fetal heart rate, maternal heart rate, labor contraction, and fetal movement. It monitors all the data and sends them to Daksh software.
  2. Daksh Software: It’s a mobile application that shows all the data.
  3. Navam: It’s still in the prototype stage. It’s a wearable that can track fetal movement.

Currently, Janitri is following a B2B business model.

Pricing of Janitri products

Daksh₹10,000 Per Year

What are the Annual Sales of Janitri?

Fiscal YearAnnual Sales
2021 – 2022₹1.03 Crore

Arun is burning ₹15 Lakhs per month at this moment. It took him 5 years to do R&D, improvement, clinical trial & regulatory. During this time, Janitri got grants from BIRAC, the Gates Foundation, the Government of Canada, and the Government of Karnataka. Arun also raised some money.

How much money did he raise for Janitri?

RoundMoney RaisedValuation
1st₹2.35 Crores₹15 Crores
2nd₹1.15 CroresConvertible Note

Which shark gave Janitri an offer?

Namita Thapar gave the 1st offer. She offered ₹60 Lakhs for 2% and ₹40 Lakhs debt.

Anupam Mittal & Aman Gupta both thought Namita was the perfect shark for this deal and that’s why they both stepped down and didn’t give any offer.

Offer 1Offer 2Offer 3
Namita Thapar – ₹60 Lakhs for 2% and ₹40 Lakhs debtNamita Thapar – ₹1 Crore for 2.5% w/ ConditionPeyush Bansal & Amit Jain – ₹1 Crore for 2.5% w/ Condition

Peyush Bansal & Amit Jain gave a joint offer. They offered ₹1 Crore for 2.5% under the condition that the company achieve ₹20 Crores revenue in the next financial year. If the company fails to achieve that, then 2.5% will become 5%.

Namita Thapar also matched the offer. The previous offer was also on the table. So, there are two offers from Namita Thapar.

Company NameJanitri
FounderArun Agarwal
Asked Amount₹1 Crore for 2.5%
Final Deal₹1 Crore for 2.5%
SharkNamita Thapar
Company Net Worth₹40 Crores
Company Websitewww.janitri.in
Company StatusIn Business

What deal did Janitri get in Shark Tank India?

Arun took Namita’s 2nd offer with ₹40 Crores valuation.

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