WeHear: Giving the Gift of Sound to Those Who Can’t Afford Silence
Imagine a world where silence isn’t just a lack of sound, but a barrier to connection, communication, and even education. For millions across the globe, this isn’t just an imagination, it’s their reality due to hearing loss. But what if there was a solution, not just for the privileged few, but for everyone?
Enter WeHear, the Indian startup revolutionizing the hearing aid industry. Unlike traditional hearing aids with hefty price tags, WeHear offers affordable, innovative solutions that cater to diverse needs. Their flagship product, Eargo, uses bone conduction technology to bypass the ear canal and deliver sound directly to the inner ear, making it a viable option for even those without physical ears.
But WeHear doesn’t stop there. They’re also developing smart headphones that not only protect your hearing but also enhance your listening experience. And for children with hearing loss, their revolutionary wearable device promises to bridge the communication gap and unlock a world of learning opportunities.
With a passion for social impact and a commitment to cutting-edge technology, WeHear isn’t just building a business, they’re building a future where hearing loss doesn’t have to mean silence.
Stay tuned as we dive deeper into the world of WeHear, explore their innovative solutions, and witness their mission to make the gift of sound accessible to all.
- About The Company – WeHear
- About The Pitcher
- WeHear Pitch Details
- Solutions Offered
- Lesser Known Facts About WeHear
- FAQ's
- What makes WeHear different from other hearing aid companies?
- How does Eargo work if it doesn't go in your ear?
- Is HearNU effective for children with hearing loss?
- Do WeHear's smart headphones actually protect your hearing?
- What's the deal with the Shark Tank pitch and valuation?
- Can WeHear really achieve their goal of reaching 10 lakh people with affordable solutions?
- Business Profiles
- Video
About The Company – WeHear
| Startup / Company Name | WeHear |
| Industry | Hearing Solutions |
| Founder | Kanishka Patel & Raj Shah |
| Product / Service | Hearing Device |
| Revenue | 2.5 Crores (23-24 till september) |
About The Pitcher
| Number of Presenters | Two presenters |
| Name of Presenters | Kanishka Patel & Raj Shah |
| Pitchers City | Ahmedabad |
| Pitchers State | Gujarat |
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WeHear Pitch Details
| Shark Tank Episode | Episode 7 |
| Original Ask Amount | ₹2.5 Crores |
| Original Ask Equity | 1% Equity |
| Original Valuation | 250 Crores |
| Offer Received | 1) 2.5 Crore for 1% Equity + 1.5% Advisory Equity (Peyush) |
| Final Deal Amount | 2.5 Crore |
| Total Deal Equity | 1% Equity + 1.5% Advisory Equity |
| Sharks in Deal | Peyush |
Solutions Offered
WeHear isn’t just another hearing aid company; they’re a game-changer offering affordable, innovative solutions for a wide range of hearing loss needs. Let’s delve into the specific solutions they provide:
1. Eargo: Bone Conduction for All:
- Unique technology: Eargo bypasses the ear canal entirely, transmitting sound through bone conduction directly to the inner ear. This makes it a viable option for those with conductive hearing loss, mixed hearing loss, and even individuals with no physical ears.
- Cost-effective: Compared to traditional hearing aids, Eargo is significantly more affordable, making it accessible to a broader population.
- Non-invasive and comfortable: Eargo sits comfortably on the mastoid bone behind the ear, eliminating the discomfort and occlusion associated with traditional hearing aids.
2. HearNU: A Revolutionary Wearable for Children:
- Addressing a specific need: HearNU is specifically designed for children with hearing loss. It uses bone conduction technology to deliver clear audio directly to the inner ear, aiding in speech development, communication, and overall learning.
- Advanced features: HearNU goes beyond basic amplification, offering features like directional microphones to focus on the speaker’s voice and noise cancellation to reduce background noise.
- Discreet and comfortable: Designed for active children, HearNU is lightweight, durable, and sits comfortably behind the ear.
3. Smart Headphones: Protection and Enhancement:
- Dual purpose: These headphones not only protect your hearing from loud noises but also enhance your listening experience. They offer features like adjustable volume control, active noise cancellation, and transparency mode for situational awareness.
- Modern design: Sleek and stylish, these headphones integrate seamlessly into your everyday life.
- Future-proof technology: WeHear is constantly innovating, ensuring their headphones stay ahead of the curve with the latest advancements in audio technology.
Beyond Solutions:
WeHear’s commitment goes beyond simply offering products. They actively work towards:
- Raising awareness: They educate the public about hearing loss and its impact.
- Building a supportive community: WeHear creates platforms for individuals with hearing loss to connect and share experiences.
- Advocating for accessibility: They lobby for policies that make hearing aids and other assistive technologies more accessible and affordable.
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Lesser Known Facts About WeHear
- Eargo: Uses bone conduction technology, bypassing the ear canal and making it suitable for those with no physical ears.
- HearNU: A revolutionary wearable for children with hearing loss, aiding communication and learning.
- Smart Headphones: Protect hearing while enhancing listening experience with features like noise cancellation.
- Aiming to make the gift of sound accessible to everyone, not just the privileged few.
- Offering affordable solutions to address diverse hearing loss needs.
- Committed to raising awareness, building communities, and advocating for accessibility.
- Valuation gap: Highlighted the discrepancy between their valuation and potential investors’ expectations.
- Funding secured: Despite initial hesitation, Peyush Bansal invested ₹2.5 crores for a 2.5% equity stake and debt financing.
- Ambitious goals: Emphasized their vision to reach 10 lakh people and achieve a ₹160 crore top line within a year.
- Started in 2021 with a seed round of ₹1.2 crore and angel round of ₹5 crore.
- Currently present in 11 cities in India and 13 countries globally.
- Have 3 granted patents and 3 published patents related to their technology.
- Focused on not just surgical alternatives but also affordable hearing aids and smart headphone solutions.
FAQ’s
Business Profiles
Video
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