Posted byby Atif Rashid

iMumz Shark Tank India Review

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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.

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Atif Rashid

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