More About Matri
Matri is a device developed by Silifarm Technologies Pvt. Ltd. and provides relief from period pain within 10-15 minutes. The user can fix the two self-adhesive gel pads on the lower abdomen and turn on the device.
Founders of aastey
Roni Mondal and Rohan Roy are the co-founders of Silifarm Technologies Pvt. Ltd, the company behind Matri, a wearable, non-invasive, clinically, and scientifically proven device.
Matri Shark Tank Pitch and Updates
Roni Mondal and Rohan Roy appeared on Shark Tank India season 3 and shared details about their product Matri.
The founders started their pitch by sharing the fact that women experience menstruation for an average of 30 to 40 years in their lifetime. They also shared that around 80% of women experience menstrual pain and face several issues due to the same.
The only remedies available are hot water bags and painkillers which are not that effective and also come with side effects. To help women with these issues, the founders built Matri. a device to switch off menstrual pain.
After that initial pitch, the founders demanded INR 60 Lakhs for 4% equity at a valuation of INR 15 Crores.
After that, the Sharks started asking various questions about their business:
- Vineeta Singh appreciated the founders for finding a solution to this problem and asked them about their career background.
- Anupam Mittal asked the founders about their journey and how they planned to work on this project.
- Namita Thapar asked the founders about the working process of their product.
- Aman Gupta asked them about their next steps and what process they would be following to sell this product.
After all the discussion, the founders received multiple offers from all the Sharks. In the end, the founders asked Namita to combine her offer with Aman Gupta which she accepted and closed the deal.
| Company Name | Matri |
| Founders | Roni Mondal and Rohan Roy |
| Headquarters | Kolkata |
| Founded Year | 2021 |
| Business | Menstrual Pain Reliever |
| Profitability | – |
| Shark Tank Episode | Season 3 – Episode 24 |
| Asked For | INR 60 Lakhs for 4% equity |
| Deal | INR 60 Lakhs for 4% equity |
| Sharks Invested | Namita Thapar and Aman Gupta |
| Valuation Given | INR 15 Crores |
| Website | Click Here |
Matri was able to secure a deal of INR 60 Lakhs for 4% equity at a valuation of INR 15 Crores from Namita Thapar and Aman Gupta.
Frequently Asked Questions About Matri
After their appearance on Shark Tank India Season 3, people tried to find more information about Matri. So here are some of the frequently asked questions about them.
1. Who Is The Founder of Matri?
Roni Mondal and Rohan Roy are the co-founders of Silifarm Technologies Pvt. Ltd, the company behind Matri, a wearable, non-invasive, clinically, and scientifically proven device.
2. Is Matri From Shark Tank India profitable?
Matri was a pre-revenue business at the time of their Shark Tank pitch so the details about their profitability are not yet available.
3. What happened to Matri after the Shark Tank?
Matri was able to secure a deal in Shark Tank India and now Namita and Aman will help them scale their business through the D2C business model.
4. What Is The Valuation of Matri?
Matri was able to secure a deal on Shark Tank India at a valuation of INR 15 Crores.
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