What Happened to WeHear After Shark Tank India?

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What is WeHear?

WeHear makes hearing solutions for people who face difficulties hearing the sound. These solutions are cost-effective so that anyone can use them. WeHear uses all the latest technology to make these solutions.

Currently, WeHear has 2 products in the market.

  1. HearNU Pro: This product uses bone conduction technology and sends sound to the direct brain. The price of this product is ₹80,000. There’s a band connected with this product. It captures all the surrounding sound. It processes the sound in real time and sends it to the user wearing HearNU Pro.
  2. WeHear OX: This is an ear health-friendly product that will save your precious ear from further damage. There’s no speaker in the device.
  3. HearNU BTE Prime: This will be their 3rd product but it hasn’t been launched yet.

Who is the Founder of WeHear?

Raj Shah & Kanishka Patel are the founders of WeHear. They are from Ahmedabad.

Raj Shah has done B. Tech in manufacturing. He also completed an MBA in technology management.

Kanishka Patel has completed electronics engineering.

WeHear Before Shark Tank India?

They started the company back in 2019. They have a team of 38 technical people.

WeHear does everything themselves. From design to development, from engineering to manufacturing everything is done in-house. They have 3 granted patents and 3 published patents.

Their products have been tested by multiple institutes and all of them recommended it.

How much money did they ask for on the pitch?

They came to Shark Tank India seeking ₹2.5 Crores for 1% equity in their company WeHear. Which gives the company a valuation of ₹250 Crores.

How much money did they raise for WeHear?

TimeMoney RaisedEquityValuation
2021₹1 Crore20%₹5 Crores
2022₹2.5 Crores5%₹50 Crores
2023₹8 Crores3%₹268 Crores

How to get WeHear products?

You can visit their website and book a demo. WeHear is available in 13 countries and 11 cities.

Hearing Aids Price

Other Brands₹65000 ~ ₹70000
HearNU BTE Prime₹35000

Sales split of WeHear

Consumer wearable30%
Non-surgical solution70%

What are the Annual Sales of WeHear?

Their lifetime sales are ₹5 Crores.

Fiscal YearAnnual Sales
2023 – 2024₹2.82 Crores

Monthly Sales

July 2023₹14.25 Lakhs
August 2023₹89 Lakhs
September 2023₹93 Lakhs

Which shark gave WeHear an offer?

Anupam Mittal was out. He thought he couldn’t help them grow the business that’s why he didn’t give any offer.

Vineeta Singh was out. She thought the valuation was too high and it wasn’t an investable business for her at the moment.

Aman Gupta was out. He couldn’t justify the valuation.

Ritesh Agarwal was out.

Peyush Bansal was interested in the business. He offered them ₹1 Crore for 1% & ₹1.5 Crore debt at 9% interest for 3 years.

Offer 1
Peyush Bansal – ₹1 Crore for 1% & ₹1.5 Crore debt at 9% interest

What deal did WeHear get in Shark Tank India?

WeHear got a deal from Peyush Bansal in Shark Tank India. The offer was ₹2.5 Crores for 1% & an additional 1.5% advisory share in the company.

Company Name WeHear
Founder Raj Shah & Kanishka Patel
Asked Amount ₹2.5 Crores for 1%
Final Deal ₹2.5 Crores for 1% & an additional 1.5% advisory share
Shark Peyush Bansal
Company Net Worth ₹250 Crores
Company Website hearnu.com
Company Status In Business

What is the net worth of WeHear?

After the deal with Peyush, the net worth of WeHear is ₹250 Crores.

Is WeHear still in Business?

Yes, WeHear is still in the hearing business.

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