Rejected INR 1.5 cr offer by Sharks, Diabexy – A Diabetes food startup

Rejected INR 1.5 cr offer by Sharks, Diabexy - A Diabetes food startup

Diabetes is a disease that can be controlled but cannot be cured. A person is called diabetic when his blood sugar level is out of normal specified blood sugar. It is a chronic that occurs either when the pancreas does not produce enough insulin or when the body cannot effectively use the insulin that is produced.

Insulin is produced by beta cells that are present in pancreas to match the blood glucose to maintain sugar level in normal range. When it stops producing, a person will end up having type 1 diabetes which is insulin dependent diabetes. When the insulin isn’t used effectively it is called type 2 diabetes, also it can be called insulin independent diabetes. In India there are estimated 77 million people above the age of 18 years are suffering from type 2 diabetes and around 25 million are prediabetics. There were approximately 8.6 lakh people with type 1 diabetes by September 2022. India is one among the highest populated country with diabetics.

Knowing this Lokendra and Nishu Tomar started Diabexy. It is a snack and food maker for diabetics with a vision of controlling the growth rate of disease in the country.

Products available are Diabexy sugar control atta, Supplements combo, Diabexy Reversal tablets, Almond biscuits, Sugar free sweetener, Diabexy Dosa atta and etc. Apart from food it also provides other services such as Diabetes Reversal Program, Consult with a Diabexy Certified Doctor, Consult with Lokendra Tomar, Certificate course in Diabetes Reversal. To know more visit Diabexy.

Diabexy

Company claims that it helps diabetic and prediabetic people to achieve normal blood sugar without medication. The blood sugar of a diabetic person keeps going up & down despite taking regular medicine. The HBA1C which helps to know blood sugar history of last 3 months, which always remains in the diabetic range that is above 6.3. Having it maintained in that range will make ways to have heart disease, liver disease and kidney disease even if they regularly visit doctor. To overcome this, Diabexy suggests to make small change in daily food habits which will further help diabetic to keep his HBA1C below 5.7 so that other diseases can be avoided. 80-90% of their clients have achieved normal blood sugar levels without the medicine in just 90 days.

Recently founders of Diabexy appeared in Shark Tank India second season. Founders asked INR 1.5 crore for 1% of the equity, however sharks could not match it but offered INR 1.5 crore for 20% of the equity. Which was very low against what demanded hence rejected the offer. Lokedra further says “I will reach that level of INR 100 crore valuation then come back”.

Diabexy Shark Tank

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