- Founder: Dr Rajasekhara Reddy Ravuri, Dhaneesh Jameson and Tony Jose
- Business: Disease Predictions through DNA
- Ask: ₹1 Crore for 2.5% Equity
- Valuation/ Networth: ₹40 Crores
- Funding: No Deal
- Pitch: Youtube
- Episode: Season 4, Episode 40
SugarStrings.ai Shark Tank India Pitch:
SugarStrings.ai provides DNA-based preventative health screening. The founders shared that 85% of human diseases are linked through our DNA. DNA is the blueprint of life, carrying genetic instructions for the growth, development, and function of all organisms. Their application also suggests the applicable further tests after screening. The founders sought an investment of ₹1 Crores in exchange for 2.5% equity in the company valuing the business at ₹40 Crores.
SugarStrings.ai’s platform HealthString is a Unique, Population-Agnostic Genetic Test That Uses Machine Learning to Identify Diseases That Can Occur Due to Gene Defects. The company claims that they can predict the diseases with an accuracy of over 90%, which is way higher than the current standards of 40%.
SugarStrings.ai’s Financials & Revenue during Shark Tank India:
SugarStrings.ai has an equity split of 20.66% each for all three co-founders. They have 10% for ESOP pool, and the rest is with the investors. The founders added that the investors have in total invested ₹7 Crores in this company out of which ₹2.6 Crores were used for this project’s Research and Development.
SugarStrings.ai focuses on learning about Genetic Mutations, which are the Changes in the DNA sequence that may lead to variations in traits or cause diseases. They have developed an Algorithm to Determine Whether a DNA Mutation Will Cause a Disease. They have an IP on this, and they are in process of patenting this.
SugarStrings.ai had worked on 3,500 known disease samples by the time of their pitch. Healthstring was launched in April 2024, and since then, they have sold 32 commercial samples. 12% people had a prediction of cancer, 14% had heart disease risks, and 78% had some kind of disease or an issue. Their tests are priced at ₹58,000.
For unit economics, 30% of the total net revenue of a test goes to direct costs, leaving them with a gross margin of 70% on MRP. They also give 15% channel margins. The company is focusing on Indian market before expanding.
SugarStrings.ai Shark Tank India Negotiations & Funding:
Aman went out, citing that he could not trust the product at this stage. Vineeta went out due to credibility issues. She does suggest the company to expand overseas first to get validity. Ritesh went out due to the small market size and it being too early. Azhar went out due to similar reasons as other sharks. Kunal added that its an Idea which is not yet been converted to a business due to this he went out.
Who are the founders of SugarStrings.ai?
Dr Rajasekhara Reddy Ravuri, Dhaneesh Jameson and Tony Jose founded SugarStrings.ai. Tony is from Kalady, Kerala; Ravuri Reddy is from VUYYURU, Andra Pradesh & Dhaneesh is from Kerala as well. All three co-founders have 20.66% equity each in the company.
How is SugarStrings.ai doing after Shark Tank India?
Our research in SugarStrings.ai revealed that while they did not get a deal on Shark Tank, Their appearance on the show has given them nationwide exposure and propelled the company forward. we will update this article once more information comes to light. You can check out Shark Tank Products by clicking the Amazon Button Below!
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