Decode Age is a premier science-backed longevity and health solutions brand. Their goal is to make the latest scientific advancements in the field of longevity accessible to everyone.
More About Decode Age
Decode Age stands out in the domain of Gut Microbiome research for which they have housed a state-of-the-art Next-Generation Sequencing (NGS) Lab. As per them, they are the first company in India to offer the advanced Shotgun Gut Microbiome test, far surpassing the limited 16s tests performed by others in the field.
Founders of Decode Age
Rakesh Somani, Parth Amin, and Darshit Patel are the co-founders of Decode Age.
Decode Age Shark Tank Pitch and Updates
Rakesh Somani, Parth Amin, and Darshit Patel appeared on Shark Tank India season 3 and shared details about their longevity solutions.
The founders started their pitch by sharing more details about the field of longevity and how so many people are interested in living a longer life. They told the Sharks that there are two types of age, one is chronological and the other is biological age.
As per the founders, their supplements can help people improve or lower their biological age to a great extent. They follow a 3P approach with the following details:
- Prevent: Supplements to target age-related symptoms and prevent them.
- Predict: Through biological age testing and Gut Microbiome Testing
- Personalize: Tailored protocols that are designed based on unique biological data to reverse biological aging.
After that initial pitch, the founders demanded INR 1 Crore for 1.25% equity at a valuation of INR 80 crores.
After that, the Sharks started asking various questions about their brand:
- Anupam Mittal welcomed the founders and told everyone that he already met the founders once. After that, he asked them about their career background.
- Amit Jain asked the founders about their roles in the organization.
- Aman Gupta asked them about their ages and told the founders that they did not look young enough even after taking the medicine.
- Namita Thapar asked them about their procedure and other business details that could help her assess the business.
- Vineeta Singh also asked them about their business model and how much market demand is there for such products.
After all the discussions, the founders received only one investment offer from Anupam Mittal which they accepted after some counteroffers.
| Company Name | Decode Age |
| Founders | Rakesh Somani, Parth Amin, and Darshit Patel |
| Headquarters | Surat, Gujarat |
| Founded Year | 2021 |
| Business | Longevity Solutions |
| Profitability | No |
| Shark Tank Episode | Season 3 – Episode 14 |
| Asked For | INR 1 Crore for 1.25% equity |
| Deal | INR 1 Crore for 2.25% Equity With 1% Royalty Until INR 1.5 Crores Is Recouped. |
| Sharks Invested | No Deal |
| Valuation Given | INR 44.44 Crores |
| Website | Click Here |
Decode Age secured a deal of INR 1 Crore for 2.25% Equity With 1% Royalty Until INR 1.5 Crores Is Recouped from Anupam Mittal.
Frequently Asked Questions About Decode Age
After their appearance on Shark Tank India Season 3, people tried to find more information about the Decode Age. So here are some of the frequently asked questions about them.
1. Who Is The Founder of Decode Age?
Rakesh Somani, Parth Amin, and Darshit Patel are the co-founders of Decode Age.
2. Is Decode Age From Shark Tank India profitable?
No, Decode Age is not yet a profitable company. On the medical test side, they have a negative EBITDA level margin of 10% but on the supplement side they have a positive EBITDA margin of 10%. On average, they had a monthly burn of 8 to 9 lakhs.
3. What happened to the Decode Age after the Shark Tank?
The founders were able to secure a deal from Shark Tank India and are offering an offer, especially for Shark Tank India viewers.
4. What Is The Valuation of Decode Age?
Decode Age was able to secure a deal on Shark Tank India at a valuation of INR 44.44 Crores.
