Last updated on 8 February 2024.
Find everything about WeHear’s pitch on Shark Tank India, its founders, and the latest updates about the company!
WeHear on Shark Tank India
A lot of people have problems with hearing but they had no answers until WeHear listened to them.
Here are the key details about their pitch on Shark Tank:
| Name | WeHear |
| Founders | Kanishka Patel, Raj Shah |
| Episode | Season 3 Episode 7 |
| Ask | ₹2.5 Crores for 1% Equity |
| Deal | ₹2.5 Crores for 2.5% Equity |
| Shark | Peyush Bansal |
| Status | In-business |
WeHear makes hearing solutions that are cost-effective for most people. They had 2 products that they sell now. Both these are made from their technology, where they do design, development, and manufacturing themselves.
One is HearNU Pro which uses patented bone conduction technology, for people who are suffering from hearing problems. Second, is WeHear OX, a smart headphone device that prevents us from hearing loss in the future.
Of course, the first one is not for regular people, but the second is. You can then OX Headset with Mic from Amazon (*Affiliate Link):
Or buy it by clicking here: https://amzn.to/3Szq3hP
*Affiliate Link means that we get a certain percentage from the sale when you purchase through our link.
The co-founders asked for ₹2.5 crores in a ₹250 crores valuation. Before coming on the show, they already had done more than ₹5 crores in sales.
Peyush seemed intrigued from the beginning (we know he has an expert EYE in such tech innovations). Sharks even tested the products and they were very happy with the solutions the company has made.
Still, one thing that made the sharks skeptical is that the startup has still not got funding from big VCs. Most of their existing investors are either Angels or Group of Surgeons. That’s the reason Anupam was the first to go out.
Vineeta and Aman had no problems with the funding process, but they were not sure about the valuations asked. Ritesh was also out but he was ready to help the founders to reach international markets.
So, only Peyush was left. He offered ₹1 crore for 1% with the other ₹1.5 crore in debt. He also put the condition that they will focus more on India first. But the founders requested just one thing, to replace the debt with advisory shares.
Watch the Full Pitch here:
Peyush Bansal made a deal with WeHear Solutions on Shark Tank India. He invested ₹2.5 crores for 1% Shares and 1.5% Advisory Shares, so 2.5% in total.
About The Founders
Kanishka Patel and Raj Shah are the cofounders of WeHear. The company is headquartered in Ahmedabad, Gujarat.
Kanishka is the CEO, who has studied B.Tech. in Electronics and Communications from L.D. College of Engineering. Before this, his previous invention was a public place cleaning device called AutoMaid. He is the mind behind WeHear products.
Raj did his B.Tech. and MBA from NMIMS’s MPSTME, and worked for Reliance for 2 years. Along with WeHear, he is the founder and CEO of COSMO Group which is researching food products that are medically beneficial for people.
After Shark Tank Updates
Like most entrepreneurs, the founders are happy with this new deal and partner they have got.
By the way, other businesses featured in this episode were Zorko Fast Food Chain and Tramboo Cricket Bats.
Finally, here is the official company product pitch from their website: “WeHear is India’s first hearing care company developing the products to make your day-to-day hearing habits more ear-health friendly. Our main goal is to be the pioneer of the hearing care community & provide ear-health-friendly hearing solutions powered by our technologies.”
Takeaways
So now you know about the pitch of WeHear solutions on Shark Tank India and its founders. We hope they solve this problem for as many people as possible.
And if you don’t know who I am? I am Ranish Chauhan a.k.a. Fulmino Fan, a Fan of the Shark Tank show.