SPANDAN to take away "All Shark Deal"! - Start-Up Hyderabad
Loading Startup Hyderabad

SPANDAN to take away “All Shark Deal”!

 2 years ago    

Sunfox technologies which aim at creating innovative technologies for a better and l sustainable future were established in 2016 by Saurabh Badola, Rajat Join, Nithin Chandola, Sabit Rawat from Uttarakhand, Dehradun. Saurabh states that 20 lakhs people expire with heart attacks every year due to lack of medical devices and thus their main vision to bring reliable technologies related to Biomedical Instrumentation, IoT, and other engineering domains to serve the Indian markets. The product which is developed for this purpose was “SPANDAN”, a pocket-size ECG device that is easy to use, understand and also is smartphone compatible with an accuracy of 99.7 %!

Spandan mainly provides users with three tests Lead 2, 7 lead, and 12 lead respectively where the ECG records within 10 secs giving green, yellow, red signals symbolizing good heart, average, and emergency required conditions. It is a small Portable machine with less cost and complexity.

Sunfox has already been granted 50 lakhs by the department of science and technology, India, and has also been given a private investment of 3.5 lakhs for the development of Spandan.

Their Sales scales to 1.2 lakhs in 13 months starting from January in which Online sales takes up to 5 lakhs rupees. The single device costs 8000 and its paper cost starts from less than 3 rupees. The main dealers of Sunfox to sell Spandan are Amazon and 1mg.

However, the team Sunfox pitched their idea in Shark Tank for 1 crore rupees at 2 percent equity. Realizing the need and current situations all the Sharks were quite impressed and supportive to Spandan and thus finalized an all shark deal of 1 crore for 6 percent !!

Comments

comments

Nethrikaa Greeshma

Hi, I am Greeshma Nethrikaa. I'm an engineer by day and a content writer by night!

OUR BLOGGERS

  • Saritha Keshamoni

    Saritha Keshamoni

  • Rituka M

    Rituka M

  • Ramya Sayaboni

    Ramya Sayaboni

  • Bhavitaavya Dharanikota

    Bhavitaavya Dharanikota

  • Sruthi Malla

    Sruthi Malla

  • Tata Teja

    Tata Teja

  • Nethrikaa Greeshma

    Nethrikaa Greeshma

  • Ruchika Agarwal

    Ruchika Agarwal

  • Neeha Jayaram

    Neeha Jayaram

  • Avatar

    Sameeksha Bansal

  • Rahul Das

    Rahul Das

  • Shravani Maddirala

    Shravani Maddirala

  • Saloni Anand

    Saloni Anand

  • Avatar

    Madhureema RoyMoulik

  • Srinivas Aki

    Srinivas Aki

  • Dhivya

    Dhivya

  • Sravya Gowrisetty

    Sravya Gowrisetty

  • Soumalya Chakraborty

    Soumalya Chakraborty

  • Monika Guwalani

    Monika Guwalani

  • Ramesh Loganathan

    Ramesh Loganathan

  • Nischala Agnihotri

    Nischala Agnihotri

  • Varun Rastogi

    Varun Rastogi

  • Harshita Goel

    Harshita Goel

  • Nikita Kiran

    Nikita Kiran

  • Avatar

    Ankur Mehta

  • Neha Mohsin

    Neha Mohsin

  • Maddy Anand

    Maddy Anand

  • Chandra Mouli Koduri

    Chandra Mouli Koduri

  • Ayyappa Nagubandi

    Ayyappa Nagubandi

  • Divya Jyothi

    Divya Jyothi

  • Ayushi Pandey

    Ayushi Pandey

  • Saptarshi Roy Chaudhury

    Saptarshi Roy Chaudhury

  • Amita Sood

    Amita Sood

  • Avatar

    Surya Vallae

  • Gunajit Haloi

    Gunajit Haloi

  • Avatar

    Manoj Surya

  • Ravi Vaka

    Ravi Vaka

  • Sreekar Reddy

    Sreekar Reddy

  • Priyanka Mechineni

    Priyanka Mechineni

  • Ambika Asta

    Ambika Asta

  • Avatar

    Anish Tadimarri

  • Vana Korrapati

    Vana Korrapati

  • Avatar

    Vineel Reddy Pindi

  • GR Reddy

    GR Reddy

  • Vinita Surana

    Vinita Surana

image title here

Some title