Chennai-based Symbionic, a healthcare startup specializing in innovative and affordable prosthetics, appeared on the season finale of Shark Tank India 4 in a Divyang special episode, where Jeet Adani joined as a special mentor.
Founded by Rishi Krishna Iyer S and Niranjan Kumar Raghupathi, the company offers two key products—Krea Adaptive, an adaptive prosthetics toolkit, and Titen Arm, a bionic arm designed to mimic natural movement.
Their upcoming customizable prosthetics kit is set to launch soon, alongside ongoing research and development for an affordable bionic arm.
The founders sought ₹80 lakh for 2% equity at a ₹40 crore valuation.
The primary founder, who lost his arm in a bus accident, developed prosthetics he would personally use.
He showcased an adaptive kit with multiple attachments for amputees and shared plans for an affordable bionic arm, aiming to offer it at a fraction of the import cost.
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Revealing they had already raised ₹6 crore but were still pre-revenue, the founders faced tough questions.
Guest Shark Srikanth Bolla challenged their delay, urging them to launch first. Aman Gupta and Anupam Mittal also opted out, citing a lack of market validation. Mittal advised, “Don’t wait, ship the product. Investors will follow.”
However, Namita Thapar saw potential and offered ₹40 lakh for 1% equity, 1% advisory equity, and ₹40 lakh as debt at 10% interest for three years, valuing the company at ₹3.04 crore.
Post-pitch, Jeet Adani further supported them with a ₹50 lakh grant, with another ₹50 lakh promised if their first batch succeeds.
