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Mindpeers Shark Tank India Season 2

by IndiaSuccessStories
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Mindpeers Shark Tank India Season 2 Got 1.06 Crores Funding in Exchange of 2% Equity by (₹ 53 Lakhs from Peyush for 1% Equity and ₹ 53 Lakhs from Aman, Namita and Vineeta for 1% Equity).

Mindpeers Shark Tank India Season 2

Pitch no 90 with company details

Mindpeers

A B2C and B2B firm, Mindpeers uses a subscription-based business model. Users can download a mobile application from them to use their services. The monthly fee of the application is INR 350. They provide their services to businesses in addition to individuals, and business-to-business (B2B) contracts represent a sizable portion of the company’s revenue.

Founder of Mindpeers

Sahil Chitkara and Kanika Agarwal, the creators of Mindpeers, have built the greatest environment for identifying your mental strength.

Mindpeers Funding Round

Company Name

Mindpeers

Shark Tank India Season

2

Episode No

29

Season No

2

Brand

Mindpeers

Idea

Mental Health App

Original Ask

53 Lakhs for 1% Equity

Deal

1.06 Crores for 2% Equity (₹ 53 Lakhs from Peyush for 1% Equity and ₹ 53 Lakhs from Aman, Namita and Vineeta for 1% Equity)

Invested By:

Namita Thapar, Aman Gupta, Peyush Bansal and Vineeta Singh

Mindpeers' idea revolved around leveraging technology to make mental health resources and support more accessible and convenient for users. Their app offered a range of features including therapy sessions, mindfulness exercises, self-care tools, and community support forums, all designed to empower individuals on their mental wellness journey.

The Pitch:

Mindpeers entered the tank with a mission to address the growing need for mental health support through their technology-driven platform. With an original ask of 53 Lakhs for a 1% equity stake, they sought investment to further develop their app, expand their user base, and enhance their mental health services.

The Deal:

Recognizing the immense value and potential impact of Mindpeers' mental health app, investors Namita Thapar, Aman Gupta, Peyush Bansal, and Vineeta Singh collectively agreed to invest 1.06 Crores in exchange for a 2% equity stake in the company. This investment infusion provided Mindpeers with the necessary capital to scale their operations, enhance their app's features, and reach a wider audience in need of mental health support.

Investors Behind Mindpeers

Namita Thapar, Aman Gupta, Peyush Bansal and Vineeta Singh: With the backing of experienced investors, Mindpeers can accelerate their mission of revolutionizing mental health care in India. The additional funding will enable them to further develop their app's technology, enhance user experience, expand their range of mental health services, and establish strategic partnerships to reach more individuals seeking support.

Conclusion:

Mindpeers' success on Shark Tank underscores the importance of addressing mental health challenges through innovative solutions. By leveraging technology and expert guidance, they are poised to make a significant impact on mental wellness in India, providing individuals with the tools and support they need to prioritize their mental health and well-being.

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