What Happened to Neuphony After Shark Tank India?
What is Neuphony?
Neuphony is basically the smartwatch for the human brain. You have to wear the device on your head. You can measure your attention span, mood, stress, and focus using this device.
This device is made from ABS plastic & polycarbonate. There are EEG sensors inside the device. EEG stands for ElectroEncephaloGram. EEG is the brain frequency.
Neuphony will recommend different music, meditation & breathing exercises.
Who is the Founder of Neuphony?
Bhavya Madan & Ria Rustagi are the founders of Neuphony. They are from New Delhi. They are husband and wife. They did their bachelors together.
They want to revolutionize the mental health industry using Neuphony.
Neuphony Before Shark Tank India?
They started working on this device in 2019. They launched Neuphony in April 2022.
How much money did they ask for on the pitch?
They came to Shark Tank India seeking ₹1 Crore for 2% equity in the company. Which gives the company a valuation of ₹50 Crores.
How much money did they raise for Neuphony?
They raised ₹2.5 Crores at ₹17.5 Crores post-money valuation.
How to use Neuphony?
After wearing the device on your head, it will do some baseline calculations. It will show your different graphs.
It will show your Posterior Dominant Rhythm. The ideal PDR is 8 ~ 12 Hz. So, you can check whether your PDR is in the normal range or not.
You can monitor these metrics weekly or monthly. Based on that you’ll get proper data.
You can check your mood also using the device. You can check your focus & relaxation scores also.
If you feel like you’re lacking in any particular area, then you can work on that and improve that. The accuracy is 98% according to the founders.
Unit Economics of Neuphony
The cost of making one device is ₹34,000+. The final price is ₹49,000.
They are targeting small business owners who want to measure the mental status of their employees. Their monthly burn rate is ₹12 Lakhs.
Currently, they have no competitors in India.
Which shark gave Neuphony an offer?
Vineeta Singh was out. She wasn’t sure whether this was a gimmick or a life-changing technology.
Namita Thapar was interested in the business. She gave them an offer based on their previous investment round. She offered them ₹1 Crore for 6.66% equity.
Anupam Mittal was interested in the business. He joined Namita’s offer.
Aman Gupta & Peyush Bansal gave the same offer. ₹1 Crore for 6.66%.
| Offer 1 | Offer 2 |
| Namita Thapar & Anupam Mittal – ₹1 Crore for 6.66% | Aman Gupta & Peyush Bansal – ₹1 Crore for 6.66% |
What deal did Neuphony get in Shark Tank India?
Neuphony got a deal from Aman Gupta & Peyush Bansal in Shark Tank India. The deal was ₹1 Crore for 5.4%.
| Company Name | Neuphony |
| Founder | Bhavya Madan & Ria Rustagi |
| Asked Amount | ₹1 Crore for 2% |
| Final Deal | ₹1 Crore for 5.4% |
| Shark | Aman Gupta & Peyush Bansal |
| Company Net Worth | ₹18.5 Crores |
| Company Website | neuphony.com |
| Company Status | In Business |
What is the net worth of Neuphony?
After the Shark Tank India deal, the net worth of Neuphony is ₹18.5 Crores.
Is Neuphony still in Business?
Yes, Neuphony is still in business measuring the mental state of people.
