During the show, Aman Gupta, co-founder of boAt, expressed admiration for DigiQure’s vision but decided not to invest, considering it a noble cause rather than an investable business. However, Vineeta Singh, co-founder of Sugar Cosmetics, and Namita Thapar, executive director of Emcure Pharmaceuticals, made a joint offer of \u20b940 lakh for 20% equity, valuing the company at \u20b92 crore. Their offer came with the condition that IOTA and DigiQure merge into a single entity.<\/p>\n\n\n\n

Peyush Bansal, co-founder of Lenskart.com, also made an offer of \u20b91 crore for 25% equity, valuing DigiQure at \u20b94 crore. Similar to Singh and Thapar, Bansal proposed merging IOTA and DigiQure. In response, Thapar revised their offer to \u20b940 lakh for 15% equity. Bansal argued that the disruption DigiQure aimed to bring did not require healthcare expertise but rather a technological and non-linear approach.<\/p>\n\n\n\n

Another shark, Anupam Mittal, made an offer with multiple conditions. He suggested merging the two companies, changing the business name to Geeta (inspired by the name of the deceased child), and refraining from increasing the number of clinics until the product was market-ready. In exchange, Mittal offered \u20b91 crore for 10% equity, valuing DigiQure at \u20b910 crore. Tandon proposed that Thapar join in for 10% equity instead, leading to Singh withdrawing from the deal. Ultimately, the deal was finalized with Thapar investing \u20b940 lakh for 10% equity, valuing DigiQure at \u20b94 crore.<\/p>\n\n\n\n

Although Mittal and Bansal believed that the decision to merge DigiQure with a medical firm was a mistake, potentially hindering the startup’s disruptive potential, the founders stood by their choice.<\/p>\n\n\n\n

DigiQure’s appearance on Shark Tank India showcased its innovative approach to rural healthcare and its commitment to making a significant impact on the lives of underserved communities. With its telemedicine-based e-clinics and comprehensive range of services, DigiQure is poised to reshape the landscape of healthcare accessibility in rural India.<\/p>\n","protected":false},"excerpt":{"rendered":"

Despite advancements in the medical field, rural India continues to face challenges in accessing adequate healthcare services. However, a promising startup called DigiQure aims to change this narrative. Recently featured on Shark Tank India Season 2, DigiQure has garnered attention for its innovative approach to addressing healthcare gaps in rural areas. Founded in 2020 by […]<\/p>\n","protected":false},"author":31,"featured_media":12972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[92],"tags":[],"acf":[],"yoast_head":"\n