Lifespark Technologies is an innovative medical devices company that creates solutions for care in chronic neurological conditions such as Stroke, Parkinson’s Disease, Spinal cord injury, and more.
More About WALK(Lifespark Technologies)
Lifespark Technologies is based at the Indian Institute of Technology – Bombay, India. Their innovative and technically advanced solutions are designed for individuals, caregivers, and the entire family.
Their product WALK is a wearable assistive device for mobility and gait. It reduces falls, improves gait and balance, and increases mobility in Parkinson’s Disease.
Founder of WALK(Lifespark Technologies)
Amey Desai is the founder of Lifespark Technologies, the company behind WALK assistive devices.
WALK(Lifespark Technologies) Shark Tank Pitch and Updates
Amey Desai appeared on Shark Tank India season 3 and shared details about his medical device WALK.
The founder started his pitch by sharing more details about Parkinson’s disease and what difficulties people face when dealing with the same. To help people walk properly again, the founder designed and developed this medical device that assists the user while they walk.
As per the founders, they did a pilot run with around 150 people and the device worked well with around 80% accuracy. He also shared that WALK is India’s first mobility device for Parkinson’s disease. Also, they are using a unique approach towards the business which no other company is using throughout the world.
After that initial pitch, the founders demanded INR 50 Lakhs for 1.5% equity at a valuation of INR 33.33 crores.
After that, the Sharks started asking various questions about their brand:
- Aman Gupta asked the founder why he started working in this field to which the founder answered that both of his parents are doctors and thus he got interested in the medical field.
- Amit Jain asked the founder about the procedure and how a user interacts with their business.
- Namita Thapar asked various questions related to his business process and other competitors.
- Anupam Mittal told the founder that he is not working on a unique approach and some points he claimed might not be right.
- Vineeta Singh asked him about his future goals and whether will they be working on other devices or not.
After all the discussions, LifeSpark Technologies(WALK) received two investment offers. In the end, he went with a combined offer from Aman Gupta and Anupam Mittal.
| Company Name | WALK(Lifespark Technologies) |
| Founders | Amey Desai |
| Headquarters | Bombay |
| Founded Year | – |
| Business | Medical Devices |
| Profitability | – |
| Shark Tank Episode | Season 3 – Episode 14 |
| Asked For | INR 50 Lakhs for 1.5% equity |
| Deal | INR 50 Lakhs for 2.3% equity |
| Sharks Invested | Aman Gupta and Anupam Mittal |
| Valuation Given | INR 21.74 Crores |
| Website | Click Here |
WALK(Lifespark Technologies) secured a deal of INR 50 Lakhs for 2.3% equity at a valuation of INR 21.74 Crores from Aman Gupta and Anupam Mittal.
Frequently Asked Questions About WALK(Lifespark Technologies)
After their appearance on Shark Tank India Season 3, people tried to find more information about WALK(Lifespark Technologies). So here are some of the frequently asked questions about them.
1. Who Is The Founder of WALK(Lifespark Technologies)
Amey Desai is the founder of Lifespark Technologies, the company behind WALK assistive devices.
2. Is WALK(Lifespark Technologies) From Shark Tank India profitable?
There are currently no details about its profitability as it was a pre-revenue company during its Shark Tank India pitch.
3. What happened to WALK(Lifespark Technologies) after the Shark Tank?
The founders didn’t accept the offers given by Amit Jain and Anupam Mittal as they wanted a better deal. They are now focusing on scaling the business and have already reached a milestone of 1.4 million Instagram followers.
4. What Is The Valuation of WALK(Lifespark Technologies)?
Mohit and Priya came on Shark Tank India to raise funding for Raja Rani Coaching at a valuation of INR 26 crores.
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