iMumz is a pregnancy and parenting application, know its founder and net worth
It was recently featured on Shark Tank India Season 2. Find out more about the application, and its experience on the show.
Shark Tank India 2 has given numerous businesspeople the ability to fly through the air and leave their imprint on the planet. The television program that not only amuses viewers but also educates them with some creative ideas and heartwarming tales has captured the hearts of millions of people.
With other things, the show’s second season also emphasized the hospital and medical-related pitches that cannot be overstated. The show provides a platform for innovative medical ideas and technologies to be showcased to a wide audience of potential investors, which can help bring these products to market and improve the overall quality of healthcare.
iMumz on Shark Tank India, episode, founder, deal, valuation, revenue, net worth in 2023
A similar kind of pitch named iMumz recently earned crucial investment on the show and become a trending topic of discussion. The business is about the application based on pregnancy and parenting. So, let’s find out everything about it.
| iMumz Shark Tank India Episode Number | Shark Tank India Season 2, Week 7 Episode 33 |
| iMumz Shark Tank India Episode Air Date | 15 February 2023 |
| iMumz Founder Name | Ravi Teja Akondi, Mayur Dhurpate, Rajesh Jagasia |
| iMumz Ask In Shark Tank India | ₹70 lakh for 1% equity |
| iMumz Deal In Shark Tank India | ₹10 Lakh for 1% Equity & ₹60 Lakh Debt @10% Equity |
| iMumz Company Valuation | ₹10 crore |
| iMumz Investor Name | Peyush Bansal |
| iMumz Official Website | iMumz Website Link |
More about iMumz
iMumz is a pregnancy and parenting application founded by Ravi Teja Akondi, Mayur Dhurpate, Rajesh Jagasia, and Jaideep Malhotra.
With a team of IIT engineers and doctors, it provides facilities to improve the lives of pregnant women and new parents. The application is designed to be a solution buddy that helps mothers keep track of their health and organize their pregnancy process.
The application was launched in 2020 and has been downloaded by more than 6 lakh people, with more than 8 lakh pregnant women availing of its services. The application has 1.1 lakh active users and 30,000 paid subscribers, with total sales to date of ₹2.2 crores.
iMumz offers a range of pregnancy and parenting services, including daily live prenatal yoga, personal nutritionist, expert-led workshops, and unlimited medical support. The company has collaborated with top experts in the fields of psychology, Ayurveda, and neuroscience to deliver scientifically tested methods to help pregnant women manage their health and well-being.
Its experience on Shark Tank India 2
The founders of iMumz pitched for a ₹70 lakh investment in exchange for 1% equity at the show. However, they eventually struck a deal with investor Peyush Bansal, who agreed to invest ₹10 lakhs in exchange for 1% equity and provided a loan of ₹60 lakh at 10% equity. This brought the company’s total valuation to ₹10 crores.