Entrepreneur Name – Mayur, Jaideep & Ravi Teja
About the Entrepreneur – The company was founded by Mayur Dhurpate, Ravi Teja Akondi, and Dr. Jaideep Malhotra, along with a fourth individual.
Mayur and Ravi, both IIT graduates and friends from Bangalore, joined forces with Jaideep, a distinguished doctor who has devoted decades to the healthcare sector, and the fourth co-founder.
The founders collectively own 67% of the equity shares, while 10% is reserved for ESOP, and the remaining 23% is with the investors.
LinkedIn Profiles
| Mayur | https://www.linkedin.com/in/mayurdhurpate/ |
| Jaideep | https://www.linkedin.com/in/dr-jaideep-malhotra-6362bb19/ |
| Ravi | https://www.linkedin.com/in/ravi-teja-akondi-794184b7/ |
| Brand Name– | iMumz |
| Brand Website- | https://www.imumz.com/ |
| Business Category– | Health Care |
| Company Valuation– | ₹10 Crores |
| Equity Asked– | ₹70 Lakhs for 1% Equity |
| Deal Closed– | Yes |
| Final Shark Tank Deal– | ₹10 Lakhs for 10% Equity, 60 Lakhs Debt @ 10% interest |
| Target City/Country- | INDIA |
| Product/Services– | Pregnancy Care to Parenting App |
About the Product;- iMumz offers round-the-clock guidance and monitoring to mothers, serving as a lifestyle coach to help educate them on the importance of healthy living and design personalized measures to incorporate into their daily routine.
Conclusion –
Mayur, Jaideep & Ravi Teja asked for ₹70 Lakhs for 1% Equity but ended up closing the deal at ₹10 Lakhs for 1% Equity and 60 Lakh Debt for @ 10 interest with Shark Peyush.
