Entrepreneur Name;- Ashish Sharma, Swostik Dash, Siddharth Daga
About the Entrepreneur;- Swostik Dash, Ashish Sharma, and Siddharth Daga are a group of friends who met while studying at IIT Madras. Swostik, who is the CEO, spent five years working in the research and development cell, where he worked on the prototype of a wheelchair. In the company, Swostik is responsible for marketing and sales, while Ashish oversees the production and supply chain.
LinkedIn Profile –
| Ashish Sharma | https://www.linkedin.com/in/ashish-mohan-sharma-811a835a/ |
| Swostik Dash | https://www.linkedin.com/in/swostik-sourav-dash/ |
| Siddharth Daga | https://www.linkedin.com/in/siddarth-daga-ba6254ab/ |
| Brand Name | NeoMotion |
| Brand Website | https://www.neomotion.in/ |
| Business Category | Customized Wheelchairs |
Innovation – Yes, Neofly Neomotion Business aims to revolutionize the lives of disabled wheelchair users by producing practical and affordable assistive devices, thus freeing them from the constraints of being confined to the four walls of their homes.
| Company Valuation | 100 Crores |
| Equity Asked | ₹1 cr for 1% Equity |
| Deal Closed | Yes |
| Final Shark Tank Deal | ₹1 cr for 1% Equity |
| Target City/Country | India |
| Total Addressable Market | USD188. 13 million |
| Product | Wheelchairs |
About the Product – Neomotion offers two main products, namely Neofly and Neobolt. Neofly is a customized wheelchair that is designed to mimic the intricacies of the human nervous system, while Neobolt is an outdoor mobility device that can be attached to a wheelchair to transform it into a scooter.
The company was launched in 2020, and they have successfully delivered over 2,000 products across 32 states.
Conclusion-
Ashish Sharma, Swostik Dash, and Siddharth Daga asked ₹1 cr for 1% Equity. Shark Peyush was okay with the deal. It concluded in a successful deal.
