What Happened to WALK After Shark Tank India?
What is WALK?
WALK is a wearable mobility Aid based in India. It helps people who have Parkinson’s disease. WALK uses Haptic technology and helps them move without support.
More than 10 Lakh people suffer from Parkinson’s disease. This disease limits the moveability of a person. Because of this, people who have this disease lose confidence. WALK helps them regain their confidence.
Who is the Founder of WALK?
Amey Desai is the founder of WALK. He’s from Mumbai. He completed his engineering in BITS Pilani. He wants to make more products like this in the future under the domain name Lifespark Technologies.
WALK Before Shark Tank India?
WALK is the product name. It’s a product of Lifespark Technologies. It has an advising panel of 5 neurologists. They are from NIMHANS & Fortis.
More than 150 people with Parkinson’s disease have tried this device. And 80% of them were satisfied with it.
How much money did he ask for on the pitch?
He came to Shark Tank India seeking ₹50 Lakhs for 1.5% equity in the company WALK. Well, not WALK but Lifespark Technologies. Which gives the company a valuation of ₹33.33 Crores.
In the future, he will work with the hospitals & physiotherapy clinics, and they will act as distributors of the product.
How much money did he raise for WALK?
He got a ₹1.67 Crores grant from BIRAC.
How to get WALK?
You can go to their main website. You can pre-order WALK from there. Lifespark Technologies is working on 2 more products, MyoRhythm & MyoAir.
After you do the pre-order, they will run some tests on you. Like navigating a maze, counting, etc. Based on your test results, the device will be fine-tuned. The useful life of this device is 2 ~ 5 years.
How to use WALK?
It’s pretty easy to use. It’s just a strap-on that you can put on your thighs. It will give you stimulation which will help you move easily. Because of the haptic technology, it gives a very mild vibration. The vibration is battery-powered.
Price of WALK
| Making cost | ₹10000 |
| Selling price | ₹36000 |
What are the Annual Sales of WALK?
It’s a pre-revenue company. So, there’s no annual sales.
Which shark gave WALK an offer?
Namita Thapar was out. She didn’t gather enough trust in the company and the product. So, the person involved with the pharma industry was out.
Amit Jain was the first one to give an offer. He offered him ₹50 Lakhs for 5% equity in the company.
Vineeta Singh matched Amit’s offer. She offered him ₹50 Lakhs for 5%.
Anupam Mittal & Aman Gupta gave a combined offer. They offered him ₹50 Lakhs for 5%.
| Offer 1 | Offer 2 | Offer 3 |
| Amit Jain – ₹50 Lakhs for 5% | Vineeta Singh – ₹50 Lakhs for 5% | Anupam Mittal & Aman Gupta – ₹50 Lakhs for 5% |
What deal did WALK get in Shark Tank India?
WALK got a two-shark deal from Aman Gupta & Anupam Mittal. The deal was ₹50 Lakhs for 2.3%.
| Company Name | Lifespark Technologies |
| Founder | Amey Desai |
| Asked Amount | ₹50 Lakhs for 1.5% |
| Final Deal | ₹50 Lakhs for 2.3% |
| Sharks | Aman Gupta & Anupam Mittal |
| Company Net Worth | ₹21.74 Crores |
| Company Website | www.lifesparktech.com |
| Company Status | In Business |
What is the net worth of WALK?
The net worth of WALK is ₹21.74 Crores.
Is WALK still in Business?
Yes, WALK aka Lifespark Technologies is still helping people with its device.
