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Shark Tank India: Spandan’s Rajat Jain Seals ‘All Sharks Deal’, Says Revenue Jumped 40X

Rajat Jain

Spandan ECG cracked an All-Sharks Deal at Shark Tank India, Season 1. The founder and CEO of Sunfox Technologies Mr. Rajat Jain who developed this revolutionary product was elated after this deal. While citing his happiness he said  Our lives have changed after coming on Shark Tank India. We are receiving calls from India and all over the world. Our revenue has increased by 40x. We are being reached for distribution and partnership. I thank Sony TV, Shark Tank India, and all ‘sharks’ for giving me this opportunity”

Shark Tank India Season 1 had a plethora of great pitches from incredible entrepreneurs. However, the deal with Spandan is special for multiple reasons. All the sharks from Peyush Bansal to Namita Thapar were impressed by the revolutionary product of Sunfox Technologies. 

The company cracked the deal of 1 Cr for 6% of equity from 5 sharks Anupam Mittal (CEO and Founder of Shaadi.com), Peyush Bansal (CEO and Founder of Lenskart), Ghazal Alagh (CEO and Founder of Mama Earth), Vineeta Singh (CEO and Founder of Sugar Cosmetics), and Namita Thapar (CEO and Founder of Emcure Pharmaceuticals). 

With this deal, the revolutionary product Spandan ECG got much-deserved nationwide exposure, capturing the eyeballs of everyone around the country. 

Spandan Impressed All the Sharks

The team of Sunfox Technologies reached the set of Shark Tank India with 4 entrepreneurs- the founder and CEO Rajat Jain, and co-founders Saurabh Badola, Nitin Chandola, and Sabit Rawat. These entrepreneurs came from the small town of Dehradun with a dream of making a big revolution and managed to impress all the sharks with their breakthrough technology.

The shark Peyush Bansal called the product revolutionary and sang its praises. On the other hand, other sharks like Vineeta Singh and Ghazal Alagh also went gaga over the product’s astonishing features. In a poignant moment, Ghazal also shared an incident of a relative who died of cardiac arrest while talking about the necessity of prompt medical diagnosis and treatment. 

Rajat Jain’s Personal Connect with Spandan

The CEO and Founder of Spandan, Rajat Jain has a personal connection with Spandan which makes this deal all too special. Rajat Jain performed an ECG test using this portable ECG device on his father reflecting his personal resonance with the product. Rajat is a dynamic entrepreneur who went on to create a groundbreaking product in the realm of health tech forever with Spandan, the particular term meaning flutter or vibration. 

About Spandan

Spandan ECG embodies the technological advancement of ECG products in the realm of heart health. It is a portable ECG device that weighs about 12 to 14 grams and lets you perform an ECG at your convenience at home or on the go. Sunfox Technologies is currently selling 4 variants of the ECG device. These variants are Spandan Legacy, Spandan Pro, Spandan Neo, and Spandan Military Grade. The following are the basic features of the portable ECG device:-

  • 12 Lead ECG on smartphone: Take 12 Lead ECG on your smartphone with Spandan ECG device. Detect blockages, heart attack symptoms, and heart abnormalities instantly.
  • Needs No Battery/Internet: Spandan ECG is the only portable ECG machine that does not require a battery or internet connection to function.
  • Clinical Accuracy: It offers a clinical accuracy of 99.7% that can detect even the minute ECG changes. It has the highest accuracy in the portable ECG segment.
  • Sharpest Sensitivity: This heightened sensitivity enhances the device’s ability to detect minor irregularities, providing a comprehensive view of your cardiac health. 
  • Easy to Use: The user interface of the Spandan ECG application is tailored for simplicity, ensuring hassle-free ECG monitoring.
  • Clearest Traces: Spandan 12 lead ECG provides the clearest and most filtered ECG traces, that are sharp and precise. The traces can also be zoomed up to 50X.

Sunfox Technologies Vision

Rajat Jain started Sunfox Technologies with an aim to craft advanced healthcare solutions which led to the foundation of Spandan ECG. The company believes in enhanced patient monitoring and desires improved disease management, and the prevention of heart attacks. Till now, the company has achieved unprecedented success, it has impacted 100k+ lives with 75k+ application downloads. More than 10k doctors prefer Spandan and it has expanded its reach to over 15+ countries. The company is proud to have 30k+ happy users who find Spandan a lifesaver. 



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