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Deal Not Done

Health, Wellness & MedicalSeason 2Episode 17

Eyenic

Starts From - ₹1,350

Where to Buy

Product Details

Entrepreneur Background

Dr. Rahul Patil, founder of Eyenic, is ophthalmologist with 10+ years experience in eye care. He identified India's vision care crisis: 50M+ Indians suffer from uncorrected vision but lack access to quality eye screening. Eyenic was created as AI-powered vision screening platform for mass deployment.

The Product / Service

Eyenic is AI-powered vision screening platform enabling remote eye health assessment. Platform uses smartphone cameras to conduct vision tests, detect refractive errors, and screen for eye diseases. Results analyzed by AI with validation by ophthalmologists. Targets schools, workplaces, and communities for mass screening.

The Ask

Amount: Rs 1.5 crore | Equity: 6% | Valuation: Rs 25 crore

Pitch Presentation

Dr. Patil presented vision care access crisis: 50M+ Indians with uncorrected vision. Eyenic enables mass screening via smartphones. Metrics: 100,000+ screenings conducted, 95%+ accuracy validation, partnerships with 50+ schools, positive unit economics.

Sharks' Reactions & Criticism

Namita Thapar was interested in healthcare solution but raised regulatory concerns about medical device classification. Anupam questioned scalability of AI validation. No Shark felt confident investing given regulatory uncertainty.

Negotiation & Offers

Namita showed interest but couldn't commit due to regulatory questions. Deal negotiations did not progress to offer stage.

Final Verdict

Deal Status: NO | Regulatory concerns prevented investment