Shark Tank India Season 4: ai.gnosis Secures a Deal to Revolutionize Autism Detection

In this episode of Shark Tank India Season 4, the spotlight was on ai.gnosis, a Jaipur-based AI-driven company addressing a critical healthcare gap: early detection and management of Autism Spectrum Disorder (ASD). Let’s dive into the journey of the founders, their groundbreaking product, and how the sharks responded.

About the Founders and the Problem They Aim to Solve

The founders, Raksheet Jain and Divyansh Mangal, are young entrepreneurs passionate about leveraging AI to make a social impact. They highlighted the growing concern of Autism Spectrum Disorder (ASD), a complex neurodevelopmental condition that affects many children in India.

Key Facts Shared by Founders

Autism in India: 1.5% of the 2.5 crore children born annually in India fall on the autism spectrum.
Symptoms in Children: Prolonged screen usage, limited interaction with peers, and withdrawal into their own world.
Many cases remain undiagnosed due to the lack of accessible and affordable screening tools.

What is ai.gnosis?

ai.gnosis is an AI-powered solution designed to detect autism, provide expert consultation, and offer therapy. The company aims to make autism screening fast, accurate, and affordable.

Product Highlights

Price: ₹700 per test.
Time: Generates results within 5 minutes.
Technology: Equipped with 17 AI-powered features that analyze data to generate detailed reports.

The Business Model

Although ai.gnosis is currently pre-revenue and pre-launch, the founders shared a clear vision and solid unit economics:

Unit Economics (for ₹700/test)

Partnership Fee: ₹140 (20%).
Server Cost: ₹60 (8.6%).
Marketing: ₹50 (7.1%).
Other Expenses: ₹50 (7.1%).
EBITDA: ₹400 (57.1%).

Roadmap

Execute a go-to-market strategy.
Expand the partner network.
Grow the technology team for future enhancements.

The Ask

₹50 lakh for 4% equity, valuing the company at ₹12.5 crore.

Shark Responses

Sharks Out of the Deal

Vineeta Singh: Opted out, citing the company's pre-revenue status.
Anupam Mittal: Appreciated the effort but chose not to invest.

Sharks Interested

Aman Gupta: Offered ₹50 lakh for 4% equity (valuation ₹12.5 crore).
Varun Dua: Partnered with Aman on the same offer.
Peyush Bansal: Made two counter-offers:
- ₹50 lakh for 4% equity (valuation ₹12.5 crore).
- ₹1.25 crore for 10% equity (valuation ₹12.5 crore).

The Final Deal

After discussions, Aman Gupta, Varun Dua, and Peyush Bansal joined forces to propose a combined offer:

₹1 crore for 8% equity, valuing the company at ₹12.5 crore.
The founders accepted this deal.

Why ai.gnosis Stood Out

ai.gnosis is more than just a business—it’s a mission to make autism detection accessible and affordable for millions. The blend of innovative AI technology, a clear revenue model, and a strong commitment to social impact made this pitch compelling for the sharks.

Conclusion

This deal marks a significant step for ai.gnosis in its journey to revolutionize autism screening and therapy. With the backing of three sharks—Aman Gupta, Varun Dua, and Peyush Bansal—the company is well-positioned to execute its vision and create a lasting impact.