xSTEP, a health-tech startup focused on paralysis and movement disorders, made a powerful impact on Shark Tank India when founder Dr. Parag Gad, a UCLA alumnus and neuroscientist, walked into the Tank.
The startup’s flagship product, a non-invasive neuromodulation device, is designed to help patients with Spinal Cord Injuries, Cerebral Palsy, Stroke, and Multiple Sclerosis regain mobility, without surgery.
The device, already approved by India’s CDSCO and previously granted FDA Breakthrough Designation in the U.S., demonstrated an impressive responder rate in mobility trials.
Dr. Parag highlighted the device’s potential to transform the lives of the estimated 2.5 million children in India living with Cerebral Palsy.
On the Tank, the Sharks were visibly moved by the live demonstration, with Kunal, Namita, and Vineeta especially impressed by the product’s clinical validation and its potential to scale in home care settings. After detailed discussions, the founders closed the deal at ₹1 crore for 10% equity, valuing xStep at ₹10 crore.
The strategic investment also includes provisions for royalties until the Sharks recoup their investment, underscoring the long-term commitment to scaling this life-changing technology.
With this backing, xStep is set to expand its reach across clinics and homes in India, making advanced neuromodulation therapy accessible to patients who previously had few options.
