Apps
Mental Wellness
Season 2 Products
| Brand | Mindpeers |
| Company Name | Mindpeers India Pvt. Ltd. |
| Founders | Sahil Chitkara, Kanika Agarwal |
| Original Ask | Rs. 53 lakhs for 1% equity at valuation of Rs. 53 crores. |
| Deal | Rs. 1.06 crores for 2% equity at the valuation of Rs. 53 crores. |
About the Product
Physical fitness has many resources, but mental health has been ignored and stigmatised. MindPeers is a revolutionary platform that makes mental health and strength improvement safe and easy. It is an AI-powered platform that checks your mental strength & improves it proactively.
They have made In-house Neuroscience games & tools for behaviour changing & habit forming. MindPeers’ self-care area offers fast remedies for your mood. The self-care area offers advice for stress, anxiety, and relaxation.
Using Mindpeers app, you can check your mental strength and play games to control your anxious mind. It also has a support group where you can vent out anonymously & you will be responded by the verified psychologists.
The Monthly subscription fee is Rs. 350.
Founders & their story
Sahil Chitkara
Kanika Agarwal
When Kanika suffered from Anxiety in 2017, she visited therapists & started studying the science behind the anxiety & panic attacks. Around the end of 2019, when she got an exit from her previous founded company, she got inclined towards mental health & started researching about the Anxiety & appointed some therapists on the platform to therapies.
She started it as Marketplace & after that she pitched her idea to one Investor from where she got the funding & started her business called ‘MindPeers.’
Sahil met her through the same investor as he also had the similar idea of making a product for Employee Wellness Management. So, he joined Kanika in July, 2021 as a Co-founder.
About the company:
MindPeers is a mental health platform that offers high-quality therapy sessions, self-care resources, and a safe space to address mental health issues. It offers a complete mental health solution for individuals and organisations looking to support the mental well-being of your employees.
They have 3.5 lakh users in Mindpeers and they have also expanded in Singapore, US & UK. They have hired 6 psychologists and they have around 3500 active paid customers.
Their monthly active users are 30,000. Primary model of the company is B2B. With the help of its technology, the company wants to give people more control over their minds. They aim to improve mental strength by offering a set of personalised solutions based on self-assessment tools that track a person’s mood and mental health fitness.
Amounts Raised:
Rs. 1.12 crores at the valuation of Rs. 33.75 crores from Angel Investors.
Revenue:
Their revenue for October, 2022 was Rs. 16.5 lakhs, out of which Rs. 10 lakhs from B2C and rest Rs. 6.5 lakhs were from B2B market.
Founder’s Ask
Rs. 53 lakhs for 1% equity at valuation of Rs. 53 crores.
Offers:
Peyush offered Rs. 53 lakhs for 1% equity at the valuation of Rs. 53 crores.
Namita, Aman, Vineeta & Peyush’s combined offer was Rs. 1.06 crores for 2% equity at the valuation of Rs. 53 crores. (53 lakhs from Peyush alone for 1% equity & 53 lakhs from Namita, Aman, & Vineeta for 1% equity)
Final Deal
Rs. 1.06 crores for 2% equity at the valuation of Rs. 53 crores.
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