Arun Agarwal is a native of Alwar, Rajasthan. Janitri was founded by him. He completed his education in Alwar. He was offered a B.Tech in Electronics Engineering from VIT Vellore. He worked as a patent analyst in the healthcare industry. In his spare time, he began meeting with medical stakeholders. The company’s sales will begin in March 2021.
ABOUT THE COMPANY
Maternal mortality in India is 113 per 1 lakh, and infant mortality is 30 per 1000 live births. Janitri has been introduced into the market to reduce this problem by 80%. Janitri is a wearable and AI-enabled device and software that monitors the vitals of a mother and allows doctors to track these data continuously from their mobile phones.
The company’s vision is to reduce the risk and complications that every mother faces before and after pregnancy. Their prototype product, Navam, is a wearable that tracks foetal movement. Keyar Patch, which is currently on the market, is used for foetal and maternal heart rate monitoring, labour contraction monitoring, and foetal movement monitoring. Daksh is an application that acts as a bridge between the phone and the device. Prior to this, a device known as a cardiotocography machine is used to monitor only foetal movement. The company has filed 12 patents and received four patents.
SHARK TANK
Pitcher has requested $1 million in exchange for 2.5% ownership of the company. Their business model is B2B. The cost of the Keyar Patch is 29000 rupees and the cost of the software is Rs. 10000/year. In FY 21-22 the sales was Rs.1.03 cr. rupees. Last month the sale was 10 lakhs rupees. The monthly burn is Rs. 15 lakhs. They have been granted by BIRAC, GATES Foundation, the Government of Canada, and Government of Karnataka. The total money they have raised is 7 cr. They have 50% of grants and 50% of equity.
Namita counters for 75 lakhs rupees for 5% equity and 25 lakhs rupees debt.
Namita’s revised offer is 60 lakhs rupees for 2% equity and 40 lakhs rupees debt.
Peyush and Amit counter offers for 1 cr. rupees for 5% equity. Amit and Peysuh revised their offer to 2.5% equity for $1 million. And if the revenue target of Rs. 20 crore is not met in the next year, they will receive an additional 2.5% equity stake.
Namita’s revised offer matches Amit and Peyush’s offer.
The agreement was reached with Namita.
