Rs 35-crore funding provided to startup 'sperm store', provides this special kit

Aug 09 2019 02:02 PM
Rs 35-crore funding provided to startup 'sperm store', provides this special kit

A wide range of technologies have come up around the world to treat infertility, with a wide range of innovations focusing on male fertility. This link has revealed a startup that stores sperm. Dadi's start is suddenly in the spotlight with a funding of Rs 35 crore. Tom Smith, co-founder of Dadi Startup, said in an interview to the English website that society does not understand the subject of fertility at large. People see it as a women's issue. Let us know the full details

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For your information, Dadi has received funding from the Cherin Group for $5 million, or about Rs 35,34,30,000. Cherin Group invests in media, entertainment and technology. Its CEO is American businessman Peter Chernin. The Dadi startup, which went home to check infertility and provide sperm storage kits, received a funding of Rs 14 crore in January early this year. Dadi will compete with another similar startup Legacy.

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Like other startups, Dadi and Legacy are working on direct-to-consumer business models and educating men about their fertility, according to media reports. Both these companies provide online sperm collection kits to the public and both companies also offer sperm storage. For a year, Dadi charges US$ 199.98 for sperm storage and testing, or about 14,135, while Legacy charges us 350 US dollars, or about Rs 24,738, to suggest changes in clinical fertility analysis and lifestyle. To store sperm in legacy, you will have to pay $20 a month, or about Rs 1,413.

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