Designed to promptly identify heart irregularities, Sunfox Technologies created Spandan, a small, portable, reasonably priced ECG equipment. Spandan, a smartphone-compatible gadget devoid of internet access unlike conventional ECG devices, is quite helpful in isolated and rural locations. The gadget offers medical-grade ECG reports in seconds, is light-weight and easy to use. By helping to early identify heart problems, Spandan’s AI-driven diagnostics aid to lower reliance on costly hospital visits. It is meant for both people and medical experts, hence cardiac monitoring is affordable, practical, and easy. The gadget already attracts interest for its ability to transform heart treatment.
Company Name: Sunfox Technologies
Founder: Rajat Jain
Product: Medical Device
Highlights
1. Portable and lightweight ECG gadget with great simplicity.
2. Reasonably priced, compared to conventional ECG devices.
3. Smartphone-compatible connects for instantaneous results to a mobile app.
4. Not necessary an Internet; works perfectly in far-off places.
5. Medical-grade ECG readings available in seconds are provided in instant ECG reports.
6. AI-Driven Diagnostics: very accurate heart anomalies detection
7. Easy to use for everyone, including medical professionals, this is friendly.
8. Driven by a smartphone, battery-free operation removes charging problems.
9. Preventive Healthcare Tool: facilitates early cardiac disease diagnosis.
10. Perfect for rural health facilities as well as metropolitan hospitals is scalable impact.
Pitch Details
Ask:₹1 crore for 2% Equity (Valuation: ₹50 crores)
Deal: After negotiation Namita Thapar, Anupam Mittal, Vineeta Singh, Peyush Bansal and Ghazal Alagh, finished the deal at ₹1 crore for 6% equity.
Investors: The investment came from Namita Thapar, Anupam Mittal, Vineeta Singh, Peyush Bansal and Ghazal Alagh.
Conclusion
The pitch from Sunfox Technologies on Shark Tank India presented a creative answer to the rising heart disease detection issue, particularly in underdeveloped areas. Affordable, user-friendly, and able to operate without internet access, the Spandan ECG gadget set out from others The sharks understood that, especially in rural areas, they may upset the medical sector. Their Sun FOX Technologies investment revealed their conviction in its scalability and social impact. Post-Shark Tank, Spandan has witnessed amazing expansion demonstrating how reasonably priced and easily available medical equipment may greatly enhance the results of treatment.
Key Takeaways from the Episode
1. Realistic Valuation is Crucial; overpriced startups came under close inspection.
2. Scalability Wins Investors: Sharks favoured companies with high prospective for expansion.
3. Profit vs. Balance of Growth – Sustainable models attracted more interest.
4. Customer Acquisition Matters: Key were effective marketing plans.
5. Investor Fit is Crucially Important; Sharks looked for companies they could contribute value.
