What Happened to CERVICHECK After Shark Tank India?

CERVICHECK is a patented self-sampling kit by Pragmatech Healthcare Solutions for cervical screening in India and LMICs.

More About CERVICHECK

With CERVICHECK – Pragmatech aims to address unique problems related to cervical cancer through a patent-pending point-of-care screening test that detects cervical lesions. The samples can be self-collected by the users using a patented self-sampling kit.

Founders of CERVICHECK

Anirban Palit, Sayantani Pramanik, Palna Patel, and Dr. Bhagirath Modi are the cofounders of Pragmatech Healthcare Solutions, the company behind CERVICHECK.

CERVICHECK Shark Tank Pitch and Updates

Anirban Palit and Sayantani Pramanik appeared on Shark Tank India season 3 and shared details about their unique and innovative product CERVICHECK.

The founders started their pitch by sharing the issues that women face because of Cervical cancer and how fatal this disease can be. The disease is preventable but only a few percentage of women take the test and thus it becomes a major health concern.

To help with an easy alternative test, the founders built CERVICHECK, an innovative product that enhances the overall sampling process.

As per the founders, CERVICHECK is the first Indian kit that is approved by the Indian FDA after successful clinical trials. Apart from that, they are also building a Point-of-care screening test to deliver immediate results.

After that initial pitch, the founders demanded INR 75 Lakhs for 1.5% equity at a valuation of INR 50 Crores.

After that, the Sharks started asking various questions about their product:

• Ritesh Agarwal welcomed the founders on the show and asked them about their journey and how they got the idea to start this business.
• The Sharks asked them to showcase the kit and also to demonstrate the product on the screen.
• Anupam Mittal asked about the process and also some other details about the impact of this cancer on males.
• Namita Thapar liked the simplicity of their product process and asked the founders about the price of their tests.
• Aman Gupta asked the founders why the customers would choose their product over getting tested by a doctor.
• Amit Jain also asked the founders about their target market and what will be their go-to-market strategy for sales. He also asked them about their future revenue model and pricing strategy for the screening test.

After all the discussion, the founders received two individual offers from Namita Thapar and Ritesh Agarwal. After a lot of negotiation, the founders finalized the deal with Namita Thapar.

CERVICHECK by Pragmatech Healthcare Solutions secured a deal of INR 75 Lakhs for 5% equity at a valuation of INR 15 Crores from Namita Thapar.

Frequently Asked Questions About CERVICHECK

After their appearance on Shark Tank India Season 3, people tried to find more information about the CERVICHECK. So here are some of the frequently asked questions about them.

1. Who Is The Founder of CERVICHECK?

Anirban Palit and Sayantani Pramanik are the cofounders of Pragmatech Healthcare Solutions, the company behind CERVICHECK.

2. Is CERVICHECK From Shark Tank India profitable?

CERVICHECK, at the time of their Shark Tank India pitch, was a pre-revenue product and they were just about to go commercial.

3. What happened to the CERVICHECK after the Shark Tank?

CERVICHECK was able to secure a deal on Shark Tank India based on the condition that Namita Thapar’s team would do all the technical due diligence to test the efficiency of their device. Once that is done, they will be working together to market the product for sales.

4. What Is The Valuation of CERVICHECK?

CERVICHECK was able to secure the deal on Shark Tank India at a valuation of INR 15 Crores.