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Eva Scalp Cooling System Shark Tank India S3 Full Pitch Details

Full detailed information about Eva Scalp Cooling System pitch in Shark Tank India Season 3. Know more about the business, founders, pitch, deals and hidden facts.
Eva Scalp Cooling System Shark Tank India

Saving Hair, Sparking Confidence: Introducing Eva Scalp Cooling System

Cancer treatment takes a physical and emotional toll on patients. Hair loss, often a visible side effect of chemotherapy, can be particularly devastating. But what if there was a way to minimize hair loss and preserve a sense of normalcy during this challenging time?

Enter Eva Scalp Cooling System, India’s first indigenously developed solution for preventing chemotherapy-induced hair loss. This innovative technology, championed by Raghuveer Surupa and his company Stem Tech Medical Devices, is bringing hope and confidence to cancer patients across the country.

Through a gentle cooling process, Eva Scalp Cooling System effectively reduces the temperature of the scalp, minimizing the harmful effects of chemotherapy on hair follicles. This non-invasive approach allows patients to retain more hair, boosting their self-esteem and overall well-being during treatment.

But Eva Scalp Cooling System is more than just a technology; it’s a symbol of empowerment. By helping patients maintain their appearance, it empowers them to face cancer with renewed strength and confidence. Join us as we delve into the story behind this revolutionary technology, its impact on patients, and its potential to redefine the cancer treatment experience.

About The Company – Eva Scalp Cooling System

Startup / Company NameEva Scalp Cooling System
IndustryCancer Treatment
FounderRaghuveer Surupa
Product / ServiceEva Scalp Cooling products
Revenue22.5 lakhs (22-23)

About The Pitcher

Number of PresentersOne presenters
Name of PresentersRaghuveer Surupa
Pitchers CityHyderabad
Pitchers StateTelangana

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Eva Scalp Cooling System Pitch Details

Shark Tank EpisodeEpisode 11
Original Ask Amount₹ 30 lakhs
Original Ask Equity1.2% Equity
Original Valuation 25 Crores
Offer Received1) 30 Lakhs for 1.8% Equity (Namita, Ritesh & Aman)
Final Deal Amount30 Lakh
Total Deal Equity1.8% Equity
Sharks in DealNamita, Ritesh & Aman

Solutions Offered

Eva Scalp Cooling System tackles a major concern for cancer patients undergoing chemotherapy: hair loss. It offers a non-invasive and effective solution to minimize hair loss and preserve patients’ self-esteem and confidence during treatment. Here’s a breakdown of the specific solutions it provides:

Reducing Chemotherapy-Induced Hair Loss:

  • The system utilizes a controlled cooling technology to reduce the temperature of the scalp during chemotherapy administration. This protects hair follicles from the damaging effects of the drugs, significantly reducing hair loss. Studies have shown up to a 95% success rate in hair retention for certain chemotherapy regimens.
  • Non-invasive and Comfortable: Unlike older methods like cold caps, Eva Scalp Cooling System employs a comfortable cap that fits snugly on the head. The cooling process is gentle and painless, ensuring patient comfort throughout the treatment.
  • Improved Patient Experience: By minimizing hair loss, Eva Scalp Cooling System helps patients maintain their appearance and sense of normalcy, reducing the emotional and psychological impact of cancer treatment. This can lead to improved self-esteem, confidence, and overall well-being.
  • Increased Treatment Adherence: Hair loss can sometimes deter patients from completing chemotherapy due to the emotional distress. Eva Scalp Cooling System, by mitigating hair loss, can lead to better adherence to treatment plans, potentially improving outcomes.
  • Cost-effective: Compared to alternative hair loss prevention methods, Eva Scalp Cooling System offers a cost-effective solution for patients and healthcare facilities.
  • Accessibility: This indigenously developed technology addresses the need for an affordable and accessible hair loss prevention solution in India and other developing countries.
  • Continuous Innovation: Stem Tech Medical Devices is committed to continuous improvement and research, exploring ways to enhance the efficacy and comfort of the Eva Scalp Cooling System.

Overall, Eva Scalp Cooling System offers a promising solution for cancer patients struggling with chemotherapy-induced hair loss. By providing a non-invasive, effective, and comfortable approach to hair loss prevention, it empowers patients to face their treatment with dignity and confidence.

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Lesser Known Facts About Eva Scalp Cooling System

  • First in India: Eva Scalp Cooling System is the first indigenously developed scalp cooling system in India, making it a significant advancement in cancer care accessibility.
  • Visionary Founder: Raghuveer Surupa, the founder, was personally inspired by his aunt’s experience with cancer and hair loss, highlighting the patient-centric approach of the company.
  • Growth Potential: Despite being relatively new, the company has already seen impressive growth, with revenue increasing from 22.5 lakhs to 59 lakhs in just one year.
  • Focus on Affordability: Understanding the need in developing countries, Eva Scalp Cooling System offers a cost-effective solution compared to alternatives.
  • Emotional Appeal: Raghuveer’s personal connection to the problem resonated with the sharks, adding depth and authenticity to the pitch.
  • Market Potential: While recognizing the limited market size initially, the pitch effectively highlighted the future potential for global expansion with USFDA approval.
  • Strategic Investment: Seeking a small investment for USFDA approval demonstrates a clear focus on long-term growth and impact.
  • Shark Collaboration: The joint offer from three sharks signifies their belief in the technology and their willingness to collaborate for success.
  • Impact on Patients: The pitch emphasized the positive impact on patients’ self-esteem and well-being, going beyond just the technical aspects.
  • Empowerment: Eva Scalp Cooling System was presented as a tool for empowering cancer patients, adding a powerful layer to the pitch.
  • Future Focus: The focus on continuous innovation and expanding accessibility showcases the company’s commitment to making a lasting impact.

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