Designed to reduce stress and anxiety by activating the parasympathetic nervous system, InnerGize is a novel wearable mental health tool that helps users relax, better sleep, and increase output. Inspired by Dr. Bhargava’s personal story of conquering health obstacles, Shalmali Kadu, Mitansh Khurana co-founded the product alongside Costing ₹5,000, the gadget comprises twelve patches and a charger; further patch packs cost ₹500. Company aims to empower individuals to manage stress effectively and improve their overall well-being.
Company Name: InnerGize
Founder: Dr. Siddharth Bhargava, Shalmali Kadu, and Mitansh Khurana
Product: : Mental Health Wearable
Highlights:
1.Product: Mental health wearable meant to lower stress, enhance sleep, increase output.
2. Technology wakes the parasympathetic nervous system.
3. Price: ₹5,000 (with twelve patches); extra patches ₹500 for eight.
4. Deal on Shark Tank: ₹1 crore for 4.2% equity, valuation ₹23.81 crores.
5. The founders are Shalmali Kadu, Mitansh Khurana, Dr. Siddhant Bhargava.
6. Inspiration: The struggle with Lupus Dr. Bhargava faces.
7. Raised before Shark Tank: ₹2 crores; plans call for ₹4 crores more.
8. Aim: easily available stress-relieving technology for mental health.
Pitch Details
Ask: ₹ 54 Lakhs for 1.5% Equity
Deal: After negotiations, Aman Gupta, Ritesh Agarwal and Azhar Iqubal finished the deal at ₹1 crore for 4.2% Equity.
Investors: The investment came from, Aman Gupta, Ritesh Agarwal and Azhar Iqubal
Conclusion:
InnerGize represents a breakthrough in mental health technology, offering an affordable and effective solution for managing stress, anxiety, and sleep challenges. Co-founded by Dr. Siddhartha Bhargava and his team, the product blends personal inspiration with innovation, addressing a growing need for accessible mental well-being tools. Its success on Shark Tank India Season 4, securing ₹1 crore in funding, highlights its potential and market appeal. With a strong mission to empower individuals and improve their quality of life, InnerGize stands as a promising tool in the mental health space, combining functionality, affordability, and impactful design.
