Startup - Incubator

This Dehradun Startup Gets 1 Crore Funding On Shark Tank

Dehradun-based startup, Sunfox technologies developed an innovative device to prevent heart attacks. The team made news when they secured an all-sharks deal on Shark Tank Season 1


In 2016, some innovative individuals founded a Research and Development Lab in Dehradun. Over the years, they combined their medical and IoT knowledge to create products that have the potential to transform lives. This passion gave birth to a pocket-sized ECG device: Spandan. Fast forward to 2022, the founders pitched Spandan on Shark Tank India and secured an all-sharks deal! 

How did this happen? Read ahead to find your answers. 

Sunfox Technologies 

Sunfox is dedicated to developing portable and reasonably priced technology that’s accessible to all. 

They aim to assist various groups of society to grow and thrive. The company has a wealth of experience, specialist knowledge, and a deep understanding of the medical, IoT and industrial markets. Sunfox's large office building in Dehradun is like a hub of innovation. You'll see people combining their insights, knowledge and creativity to develop cutting-edge products that make a difference. 

Technology is a powerful tool. The Sunfox team is committed to using it in an environmentally responsible way to create a better, healthier world. Their goal is to provide top-notch healthcare to everyone, without any limitations or barriers. Sunfox team is working to develop new reliable technologies that improve the lives of people in India through experimentation and innovation.

Spandan: An ECG in your Pocket 

Approximately 20 million people around the globe die due to heart attacks every year. India has one of the highest burdens of cardiovascular disease (CVD) worldwide. 

Why does this happen? Can these lives be saved?

This is majorly due to a lack of monitoring equipments and no routine checkups. Regular heart checkups help detect medical problems early. Early detection prevents a significant proportion of such deaths. 

But ECG tests are expensive and not easily accessible to all. 

After experiencing the loss of a loved one due to a cardiac issue, The founders of Sunfox Technologies were motivated to develop a device that could detect heart abnormalities early on. Rajat Jain, Nitin Chandola, Sabit Rawat, and Saurabh Badola wanted to make a device that could be easily accessible and affordable for everyone.

They created "Spandan". Spandan is a cost-effective, small and portable ECG monitor for home use that detects heart problems. 

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With Spandan, Many of these heart attacks can be prevented. Many of these lives can be saved. 

It's a super handy wearable device that tracks your vital signs like heart rate, breathing, and temperature, all in real time! It's perfect for hospitals, clinics, and other healthcare settings, and it's sure to make a big difference in patient care. It can also be used on a pay-per-usage model by a large number of people. 

It's portable and easy to use. People can wear it comfortably for long periods of time. It has advanced sensors and clever machine-learning algorithms that help provide accurate and reliable data. Spandan detects early signs of illness or any changes in the patient’s condition. 

Spandan has an accuracy rate of 99.7%. 

Spandan on Shark Tank India 

The Dehradun-based Trio made an impressive pitch on Shark Tank India, Season 1. 

Initially, Anupam Mittal was sceptical that the device would reduce the revenues of doctors and clinics, but the presenters effectively explained that it would actually increase patient visits as individuals will have a better understanding of their heart activity. Additionally, this device will also educate people on the importance of regular health check-ups

Then the sharks straightaway offered an ‘all-sharks’ joint deal for 6% equity.  In the end, all 5 sharks, Peyush Bansal, Vineeta Singh, Namita Thapar, Ghazal Alagh and Anupam Mittal closed the deal for ₹1 crores for 6% stakes in the company.

Dehradun is Proud Of Sunfox 

A few years back, Sunfox technologies operated from a small office space in Dehradun. Due to their innovation and creativity, they now operate from a very large office in Dehradun. This transformation is a result of their innovation and creativity. They have raised the bar high for businesses in Dehradun and Uttarakhand. 

Iksana Coworking and Pannal Team is proud of the Sunfox Team. Aren't you?

It's 2023. The development of this country is no longer restricted to metro cities. Dehradun is home to a lot of startups. And to support the startup community, multiple facilitating businesses have also come up. You can find some of the nation's best coworking spaces in Dehradun offering flexible office spaces. You'll also find some of the best startup incubators in Dehradun. Since we're living in a Virtual era, there are a lot of Virtual meeting rooms as well that one can hire on rent to save costs. The environment of this city is changing rapidly. It's becoming a city of growth, which means more opportunities for everyone. 

Jan 12, 2023