Neuphony
Pankhtech India Private Limited
Maker of wearable EEG headbands and apps for brain-wave tracking, neurofeedback and meditation training.
FoundersBhavya Madan & Ria Rustagi
Pitch & term sheet
Shark Tank India Season 2 · Episode 36 · Pitch #112
PitchedEEG brain-monitoring headband
The founders pitched a wearable EEG headband that tracks stress, mood and focus. After Namita Thapar's offer and some sparring among the sharks, they accepted a joint deal from Aman Gupta and Peyush Bansal.
Founders' ask
₹1 Cr
for 2% equity
Deal accepted on air
₹1 Cr
₹1 Cr for 5.4%
Implied valuation
₹18.52 Cr
Deal terms (ask implied ₹50 Cr)
Implied valuation is calculated by PitchBase Global as cash ÷ equity share and excludes debt. An offer accepted on television is subject to due diligence and may change or not close.
Sharks on the panel
Documented offers
- Declined
₹1 Cr for 6.66%
- Accepted on air
₹1 Cr for 5.4%
After the show
We have not found a reliable published report on whether this investment closed after filming.
Company timeline
2019
Founded in Germany as PankhTech
Feb 2023
Pitched on Shark Tank India season 2
Rs 1 crore for 5.4% from Aman Gupta and Peyush Bansal.
Oct 2024
Site announces Neuphony is no longer operational
Official site says support continues.
Founders & leadership
Bhavya Madan
Co-founder & CTO
Ria Rustagi
Co-founder & CEO
Neurotech entrepreneur who co-founded Neuphony's parent PankhTech in Germany in 2019 and later launched the related venture Sychedelic.
Sources
- 1.Shark Tank India 2: Anupam Mittal calls Aman Gupta 'fekuchand'
IANS Life · Accessed 21 Oct 2026
- 2.Ria Rustagi: neurotech founder building brain health in India
The Global Indian · Published 22 Jun 2026 · Accessed 21 Oct 2026
- 3.Neuphony is a homegrown smartwatch for the brain
Homegrown · Published 23 Feb 2023 · Accessed 21 Oct 2026Recap blog / aggregator
- 4.Neuphony official website
Neuphony · Accessed 21 Oct 2026
- 5.Shark Tank India season 2
Wikipedia · Accessed 21 Oct 2026Encyclopedia (lead only)
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Corrections with a source link are reviewed and applied to the dataset.