Healthtech Startup InnerGize Bags Pre-Seed Funding
Interestingly, InnerGize first caught the public eye during its pitch on Shark Tank India, where co-founder Dr Siddhant Bhargava revealed that Aman Gupta had initially agreed to invest INR 1 Cr for a 4.2% stake
D2C startup InnerGize has announced the successful close of its INR 4.5 Cr pre-seed funding round, led by global early-stage venture capital firm Antler.
The round drew participation from an impressive lineup of angel investors, including Arjun Vaidya (V3 Ventures), Sharan Hegde (Finance with Sharan), OYO’s Ritesh Agarwal, boAt’s Aman Gupta, Azhar Iqubal, and several others, signaling growing confidence in the mental wellness segment.
With this latest round, InnerGize has now raised a total of INR 6.5 Cr, with the funding structured in two phases. The earlier INR 2 Cr was backed by key government initiatives such as Startup India Seed Fund Scheme (SISFS), MeitY Startup Scheme, Next Generation Incubation Scheme (NGIS), and BIRAC.
Interestingly, InnerGize first caught the public eye during its pitch on Shark Tank India, where co-founder Dr Siddhant Bhargava revealed that Aman Gupta had initially agreed to invest INR 1 Cr for a 4.2% stake.
However, to accommodate a wider pool of investors, Gupta eventually came on board with INR 30 Lakh for a 1.4% stake.
On the Horizon: Launch & Growth
Founded by Dr Siddhant Bhargava, Shalmali Kadu, and Mitansh Khurana, InnerGize is setting out to tackle stress, anxiety, and focus issues with the launch of its wearable mental wellness device InnerGize Gen 1.
The device is powered by Neuroacoustic Vagal Modulation (NVM) technology, which activates the vagus nerve known as the body’s natural relaxation switch. By sending soothing signals to the brain, InnerGize’s wearable aims to reduce stress, improve sleep, enhance focus, lift mood, relieve pain, and assist in managing ADHD symptoms.InnerGize plans to channel the fresh funds into manufacturing, clinical trials, R&D, and its official product launch in April 2025. And there’s already significant traction, with over 1,300 pre-orders secured after its Shark Tank appearance.
The timing couldn’t be better. India’s mental health market is witnessing a sharp rise, currently pegged at $20.2 billion in 2024, and projected to touch $27.4 billion by 2033, according to a report by IMARC.
