Are You Looking For The Renal Project Shark Tank India Updates? The Renal Project is one of the biggest dialysis centers in India. This Mumbai base is a startup. The dialysis center has been added to the renal project Shark Tank India Season 1 Episode 14.
Due to the rise of Covid 19 in India, changes are being seen in many things, it is a very scary thing. Somewhere he is dying due to a kidney patent not getting dialysis. Due to this Covid 19, the morale of many people has been completely broken, they do not know how to live their life.
There are many people who do yoga, meditation for their peace of mind, it is a very good thing. Dialysis is a big problem in this COVID 19 because due to this pandemic, there are many hospitals that are closed. Because of this Patient dialysis is not being done.
What Is The Renal Project?
The Renal Project Mumbai Base is a dialysis center started in 2019 with its headquarter in Vile Parle West, Mumbai, Maharashtra. Due to Covid 19, this startup provides hemodialysis treatment to chronic kidney disease, which becomes very important for kidney patients.
Due to the Covid-19 pandemic, the whole world had fallen, due to which all the service businesses had to be closed immediately. It had a direct impact on kidney patients as they have to undergo kidney dialysis every week to stay alive. To solve this problem, Mumbai-based startup The Renal Project was started which provides dialysis to patients.
It provides 3 types of service namely In-center Hemodialysis, Home Hemodialysis, Ad-hoc Emergency Dialysis. Because of this many people are living their life. 50% of their patients prefer to take hemodialysis. It provides very affordable costs to the patients which other dialysis centers are not able to do.
|Company Name||The Renal Project|
|Asked For||₹1 Crores for 3% Equity|
|Final Deal||₹1 Crores for 6% Equity|
|Shark||Namita Thapar, Aman Gupta|
|Episode (Shark Tank India)||S1 E13|
|Business Status||In Business|
Who is the Founder of The Renal Project?
The Renal Project is solving a huge problem, this startup was started in 2019 by Shashank Moddhia of Mumbai. Shashank Moddhia is the founder and CEO of this startup, he has maintained this business very well, there are many kidney patients who are happy with it.
Founder Shashank Moddhia says that he knew this problem from the very beginning. That’s why he had made all the preparations to open a dialysis center before coming to Covid 19.
Founder Shashank Moddhia is India’s Fastest Growing Business Man, he has been covered by many media channels. The founder comes from a biomedical engineer background.
The Renal Project Before Shark Tank
Before joining the renal project Shark Tank, he has got very good growth, the founder had grown this business using his capital amount. The Renal Project is a problem-solving startup whose sleep is all over the world, so because of this, it became successful at the time of inception.
Shashank has told that the average hemodialysis cost of his session comes between Rs 1,700 and Rs 4,000. The annual average cost of a patient is Rs 2 lakh. Their offer of treatment is Rs 725 and Rs 1,400.
The founder has told that the success rate of their treatment is 100%. The founder has given its benefit to 150 patients on March 2021. The founder’s goal is that in the coming time, he will build 1,000 centers and provide benefits to 10,000 patients every day.
How Was The Shark Tank India Pitch Of The Renal Project?
The renal project in Shark Tank India has been highly appreciated by sharks which is a very good thing. The founder had demanded ₹1 crore in exchange for a 3% share of his company.
What Happened To The Renal Project After Shark Tank India?
The renal project is already successful. Shark Tank came to India to market his company and grow the company. Right now there are many people who do not know about this startup, so they need to do marketing all over India, so because of this, they came for funding.
If you need dialysis you can contact them on their official website. You can visit (therenalproject.com) for more information.
The Renal Project Shark Tank India Update
This Renal Project startup has received a very good response from Shark Tank India, sharks are praising it.
Shashank Randev, 100X.VC has invested in this startup. They have received a total funding amount of $296.3K