Tag: Health and Wellness

  • Transforming FMCG: How Salloni Ghodawat Leads GCL’s Mission for Health, Nutrition, and Sustainability

    In this insightful interview with StartupTalky, Salloni Ghodawat, Director of Ghodawat Consumer Ltd. (GCL), discusses the company’s mission to enhance lives through affordable, high-quality essentials while promoting consumer health and nutrition. Ghodawat shares GCL’s commitment to food safety, advanced manufacturing practices, and innovative product lines like the “To Be Honest” range of nutritious, vegan-friendly snacks. She also touches on GCL’s business model, growth strategies, and dedication to sustainability, while addressing key trends and challenges in the fast-evolving FMCG and nutrition industries.

    StartupTalky: Can you briefly describe Ghodawat Consumer Ltd’s mission and its focus on nutrition?

    Ms. Ghodawat: GCL’s mission is to enhance lives globally through continuous innovation, expanding product lines, and ensuring that consumers worldwide have access to daily essential, high-quality products at reasonable prices. We ensure our food staples are accessible and meet the highest quality standards, promoting consumer health and well-being. GCL prioritizes staples like rice, wheat, pulses, and flour, which are essential for daily nutrition in rural areas, to provide safe, nutrient-rich foods for overall health.

    The quality and safety of non-branded staples can leave much to be desired. These kinds of foods may not undergo necessary tests aimed at ensuring their safety hence exposing consumers to various health problems including digestive complications, and lack of nutrients among others. There are reports about pesticide residues existing in such raw materials sometimes due to chemicals being used in farms as herbicides or insecticides, etcetera.

    We are proud of our consistent commitment to maintaining the most rigorous hygienic requirements for our products. Our products undergo stringent quality control measures in state-of-the-art laboratories, where they are tested for purity, nutritional content, and safety. We adhere strictly to government-mandated quality compliances, ensuring that every product meets or exceeds the established standards for food safety and nutrition. By focusing on quality and safety, GCL not only enhances the lives of consumers but also contributes to the overall improvement of public health, particularly in rural areas where the availability of safe and nutritious food is paramount.

    StartupTalky: How does GCL ensure its products meet nutritional standards while keeping them affordable?

    Ms. Ghodawat: Our dedication to providing nutritious products at reasonable rates starts with sourcing the best quality raw materials. We pick the best rice, wheat atta, and edible oil that fulfill strict quality standards. The careful choice of these is the initial step towards making sure that all our products are not only good for health but also affordable to buy.

    Such raw materials are processed in our modern facilities where advanced technologies play vital roles in maintaining intrinsic properties as well as nutritional values. To minimize contact with people to prevent contamination and ensure uniform product quality, these plants have been built with the need for minimum human interference. Automation ensures precise, high-standard processing while upholding strict hygiene and safety measures.

    The To Be Honest (TBH) product line is a great representation of our commitment to quality. The TBH snacks are made of real fruits and veggies, which are not only gluten-free but also vegan-friendly. The TBH range is processed using cutting-edge techniques that preserve the nutritional content of the raw materials while enhancing flavor and texture. We ensure that every bite gives maximum health benefits by using gentle processing methods that avoid excessive heat or chemicals, thereby retaining the essential nutrients that make our products
    both nutritious and delicious.

    Thus, starting from scratching the whole notion of quality together with also being efficient at processing has always made it easier for us to provide people with what they need without compromising on prices. This also goes down well with our general idea i.e., we want everyone, every day to be able to eat healthy food.

    StartupTalky: What is the process behind developing new products like the ‘To Be Honest’ range?

    Ms. Ghodawat: These days, people are increasingly becoming health conscious of what they consume, and what benefits they avail. They have understood the importance of making mindful choices that cater to their nutritional needs, and at the same time, their lifestyle and well-being goals, and there is a growing preference for products that offer a balance of health and taste, leading many consumers to seek out options that support their overall well-being without compromising on flavor or quality.

    Recognizing this shift, we embarked on the journey to develop our ‘To Be Honest’ range – a product line crafted to meet the needs of today’s discerning consumers who prioritize health without compromising on taste and quality.

    The development process begins with understanding consumer trends and preferences. We noticed that when given a choice, a significant number of consumers expressed a strong interest in shifting towards healthier alternatives. Our goal was to offer products that cater to this demand, providing options that are both nutritious and delicious. The ‘To Be Honest’ range is a testament to our dedication to innovation and our commitment to meeting the evolving needs of both our rural and urban consumers.

    StartupTalky: What strategies does GCL use to identify and develop new product categories?

    Ms. Ghodawat: To identify new product segments, GCL leverages insights into emerging trends, such as the growing consumer shift toward healthier choices. As health and wellness become top priorities for consumers, we closely monitor market trends that indicate a growing demand for products that support a healthier lifestyle. This awareness informs our research and development (R&D) efforts, allowing us to innovate and create products that align with these preferences.

    Our R&D team is dedicated to exploring new ingredients, formulations, and processes that meet the evolving needs of today’s health-conscious consumers. In addition to monitoring trends, GCL also focuses on identifying the specific product needs of different generations, each with its unique lifestyle demands. This proactive approach is key to our ongoing innovation and our ability to deliver products that resonate with a broad and diverse customer base.

    StartupTalky: What is GCL’s business model and how does it support your growth in the FMCG sector?

    Ms. Ghodawat: GCL has a strong and highly efficient distribution framework where channel partners help products reach consumers directly. We have formed a wide and strong network across different markets through 3,000+ channel partners for key product lines including oil, atta, and rice, making it possible to effectively address consumer demands and boost growth for the FMCG industry. It is through these interdependent relationships that GCL fulfills this aspect of its distribution strategy.

    There are various engagement programs and schemes that GCL has developed specifically for channel partners to maintain such relationships and promote mutual development at the same time. These programs are seen by them as means of improving their businesses by providing them with necessary tools, resources as well as other options that would allow them to compete effectively in any market. While GCL continues to add more members to its distribution network, the company’s impact on the FMCG sector increases. Through this, we can penetrate new markets, reach more potential customers, and ensure the availability of products. GCL’s business model is centered around a strong and expanding network of channel partners and is instrumental in supporting the ongoing growth and success of the FMCG sector.


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    StartupTalky: How does GCL utilize technology in its manufacturing processes to enhance product quality?

    Ms. Ghodawat: At GCL, we ensure the highest quality products possible through advanced manufacturing and technology. Every stage of production is guaranteed to be executed with accuracy, consistency, and excellence due to our sophisticated manufacturing processes. Central to our approach is our state-of-the-art R&D lab, where we continually innovate and refine our products. The lab is equipped with cutting-edge technology that allows us to conduct in-depth research, test new formulations, and develop advanced manufacturing techniques.

    The implementation of AI-based programs throughout almost all stages of the manufacturing process enables us to monitor and control various aspects of production. The use of AI also allows us to quickly identify and address any potential issues, minimizing waste and ensuring that only the best products reach our consumers. Also, GCL conducts various audits through authorized third-party organizations. These audits provide an extra layer of assurance, verifying that our manufacturing processes adhere to the strictest standards of quality, safety, and hygiene.

    Ms. Ghodawat: India’s FMCG business is witnessing tremendous disruption as consumers become more health-conscious and seek products that align with their nutritional goals. There are several key trends responsible for this, some of which are:

    • Convenience: One of the most prominent trends is the growing demand for convenient yet healthy food options. Nutritious ready-to-eat meals, snacks, and drinks have hit the market aimed at balance of convenience and health. They have been made with essential nutrients retained for busy individuals not to compromise nutrition by being so absorbed in their daily activities.
    • Transparency: The current consumers value what they eat more than ever before and expect brands to be honest regarding their products’ contents. Consumer preference has shifted towards products with clearly labeled components thus avoiding artificial additives completely. Such a shift indicates an extensive movement towards clean labels where truthfulness together with simplicity weigh more than anything else; hence consumers get a clear understanding of what they are consuming.
    • Foods with Added Benefits: Consumers are increasingly shifting their attention towards more nutritious foods with health benefits. There is high demand for products that contain functional ingredients such as immunity boosters, additional vitamins and minerals, or other components that enhance health. A kind of pervasive trend is borne out of consumer awareness that emphasizes holistic individual wellness; they want foods that not only assuage hunger but also help them stay healthy in the long run.

    These changes in the nutritional patterns are altering India’s FMCG landscape compelling brands to innovate and adjust to the new tastes and preferences in the market. As consumers continue to prioritize health and wellness, the demand for convenient, transparent, and functionally enhanced food products is likely to grow.

    StartupTalky: What is GCL’s strategy for staying ahead in the competitive nutrition market?

    Ms. Ghodawat: GCL’s approach to remaining ahead in the competitive nutrition market is based on ongoing product innovation and sophisticated marketing. The distinctive products, such as Coolberg and the ‘To Be Honest’ range, demonstrate this approach. Coolberg distinguishes out as a refreshing, non-alcoholic beverage, whereas ‘To Be Honest’ offers healthy, ready-to-eat snacks that cater to the growing need for nutritious convenience.

    We continue to establish ourselves by promoting both brands through diverse channels that would connect us with as many consumers as possible. These products’ originality and high quality make us different from the competition. This approach enhances our competitiveness
    and conforms to changing consumer needs.

    StartupTalky: How have specific initiatives helped GCL build and maintain customer trust and market presence?

    Ms. Ghodawat: We have successfully created and sustained customer loyalty and presence in markets through various targeted activities. An example of one such initiative is our ‘Barso ka bharosa, ab nai pehchaan ke sath’ campaign. This campaign reinforced our long-standing commitment to quality while introducing a fresh, modern identity. The campaign featured Raveena Tandon, a prominent actress known for her strong public presence, and it effectively communicated the brand’s dedication to quality while projecting a modern image with a multi-channel approach that included TV commercials, digital ads, and social media.

    We frequently participate in industry events, which allows us to stay updated with market trends and engage directly with our target market. These events provide enormous possibilities for networking, receiving feedback, and illustrating our ideas, all of which help to establish our industry reputation. At the heart of our strategy is an uncompromising commitment to provide consistently high-quality products. We ensure that every product achieves the highest levels of perfection by adhering to strict quality control standards and investing in cutting-edge technology.

    StartupTalky: How does GCL’s sales strategy contribute to revenue growth and market expansion?

    Ms. Ghodawat: The sales strategy, implemented through many significant initiatives, is critical to generating revenue growth and market expansion. The key pillar of our strategy is the deployment of comprehensive programs for our channel partners. We understand the significance of rewarding our sales personnel. We provide competitive rewards and prizes based on performance, which not only stimulates increased sales but also fosters a motivated and committed team. Training and skill development are also key components of
    our sales strategy. We invest in continuing training programs to increase our sales team’s skills and knowledge, ensuring they are well-equipped to meet market expectations.

    StartupTalky: What advice do you have for entrepreneurs entering the food and beverage industry?

    Ms. Ghodawat: Entering the food and beverage industry can be both exciting and challenging due to its vast and ever-evolving nature. First of all, be ready for tough rivalry. The industry is saturated with competing firms and thus developing a strong and distinct brand is necessary for differentiation. This identity needs to be maintained and improved to attract loyal customers. Continuous innovation is crucial, regularly update and improve your product offerings to keep up with changing consumer preferences and trends. Product safety, as well as adherence to quality, must be strictly enforced; thus this means one has to ensure good
    management of their supply chain so as not to experience any challenges. Investing in effective packaging is also a crucial aspect as it not only helps to maintain product quality but also plays an important part in branding and attracting customers.

    StartupTalky: How does GCL address challenges in meeting consumer expectations for healthier products?

    Ms. Ghodawat: The problem of meeting consumer expectations for healthy products is addressed by retaining a core emphasis on staple items while expanding product offerings. A key solution to this is the introduction of innovative products like the ready-to-eat sprout offerings from our ‘To Be Honest’ range. These products meet the increased demand for convenient, nutritional solutions. By constantly evolving our products and introducing healthier options, GCL guarantees that we satisfy the different needs of consumers.

    StartupTalky: How does GCL plan to contribute to better nutritional eating habits and sustainability in the future?

    Ms. Ghodawat: Ghodawat Consumer Ltd. is recognized as a Global Sustainable Organization dedicated to enhancing nutrition and pushing for sustainability in the future. Our core Environmental Social Governance (ESG) goals require us to conduct our businesses ethically, transparently, and within the law while ensuring the best quality and safety standards for our products.

    Our goal is to remain relevant to the new trends in nutrition and consumer preferences concerning health by constantly innovating our products. Some of these strategies include the reduction of unhealthy ingredients, the fortification of foods with required nutrients, as well as clear labeling schemes that help consumers make informed
    decisions.

    GCL provides its employees with a seamless and uniform infrastructure meant for their wellness. To support this, there is a three meals canteen where healthy meals are provided to promote good nutrition among employees during their working hours.

    Our ambition is to lead the market in the clean technology sector through increased renewable energy share, responsible water management practices, and sound waste management practices. In our efforts to create a circular economy, GCL utilized 3,389.7MT (48%) of rice husk as boiler feed in the year 2022-23, and we achieved 100% bagasse usage for our co-generation plant and its boiler feedstock.

    Also, GCL disposed of plastic waste totaling 912MT comprising HDPE, PET, PP, LDPE, and MLP during the same period. With such endeavors, we have reduced landfill burdens by up to 453489 cubic feet, avoided air pollution amounting to 3,402590 kilograms, conserved 247064433 liters or so of water, and 6765438Kwh energy units too.

    Notably, any single-time consumption of plastic is not used in our company. By continually advancing our ESG initiatives, GCL is committed to contributing to a more sustainable and healthier future. By advancing our ESG initiatives, GCL is not only committed to sustainability but also to creating a healthier future for our consumers, employees, and society as a whole.


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  • India’s Health Startup Expedition: Navigating Progress, Government Backing, and Future Horizons on National Startup Day

    On this National Startup Day 2024, we embark on a journey through India’s startup landscape, capturing insights from industry pioneers. From HealthTech to MedTech, nutrition, and beyond, industry leaders share their perspectives on the Indian startup ecosystem. Explore the story of the startup ecosystem’s evolution, understand the pivotal role played by the Government, and explore the promising horizons that lie ahead for these industries.

    Join us in celebrating National Startup Day as we delve into stories shaping India’s entrepreneurial journey—a roadmap crafted with determination, backed by government support, and painted with the promise of an exciting future.

    Progression of HealthTech and Government Support
    MedTech Innovations: A Glimpse into the Innovation, Growth, and Future
    Nourishing the Future: Nutrition and Beyond
    Wellness in Focus: Paving the Way for Health and Wellness Startups

    Progression of HealthTech and Government Support

    Dr. Narendra Vankar, Founder and CEO of Quantum CorpHealth, sheds light on the transformative journey of health-tech in India, emphasizing the increased accessibility of healthcare for the population. “The health and startup industries have been revolutionized by introducing health-tech in India. As we progress further with technology, more and more healthcare startups have cropped up in the last ten years, making healthcare more accessible and easy to use for more of the population in India.”

    The Government of India has been very pro-startup throughout. From various funding initiatives to incentives like intellectual property rights (IPR) support, patent cost reimbursement, and credit guarantee schemes, GOI has been a staunch supporter of the startup ecosystem, not only in health-tech but also in other industries as well.

    Dr. Vankar highlights the significant role of government schemes like the National Health Mission and the Ayushman Bharat Scheme, saying, “Additionally, schemes and missions like the National Health Mission and the Ayushman Bharat Scheme both play huge parts in making healthcare easier and more accessible to India’s ailing and elderly population. Through improving the availability of medical equipment and supplies, they promote community participation and engagement in healthcare decision-making and service delivery.”

    Looking ahead, Dr. Vankar expresses optimism about the future of healthcare in India. “The Indian healthcare system has made significant progress in recent years. With India also becoming a destination for medical tourism with its skilled doctors and advanced treatments, the healthcare industry in India is becoming a safe bet for investors and patients alike. We can be optimistic about the future of healthcare and medicine in India, considering the constant and continued investment in healthcare and innovation.”


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    MedTech Innovations: A Glimpse into the Innovation, Growth, and Future

    Transitioning from the insights of health-tech, Mr. Pranav Bajaj, Co-Founder of Medulance, brings a crucial perspective from the Medtech and ambulance industry. “As advocates for advancing healthcare resilience, Medulance Healthcare eagerly anticipates the upcoming budget as a pivotal opportunity to fortify India’s emergency services.”

    Mr. Bajaj emphasizes the crucial role of ambulances and the paramedic sector. “Recognizing the indispensable role of ambulances and the paramedic sector, we urge the government to prioritize strategic investments in these areas to improve response times and overall emergency medical care efficacy.”

    A key expectation from Medulance is the revision of the GST structure for ambulance procurement. “Currently burdened with a 28% GST, we propose a significant reduction to 0%. This move not only alleviates financial constraints but also incentivizes the nationwide enhancement of emergency fleets, contributing to faster and more effective emergency response.”

    Commending the government’s progressive stance, Mr. Bajaj underscores the importance of exempting consumers from GST on emergency services. “We commend the government’s progressive stance in exempting consumers from GST on emergency services, ensuring immediate medical attention remains accessible without additional financial burdens.”

    Expressing a forward-looking perspective, he sees the upcoming budget as an investment in the health and safety of citizens. “Medulance Healthcare views this budget not just as a fiscal adjustment but as an investment in the health and safety of our citizens. We look forward to a budget that not only acknowledges the critical role of emergency services but actively contributes to their enhancement, reflecting a commitment to the well-being of the nation.”

    Mr. Deepak Sharma, CEO and Co-founder of MedLern, shares his insights saying, “India has made significant strides in the startup ecosystem, emerging as one of the world’s most dynamic and vibrant environments for new businesses.”

    Acknowledging the pivotal role of government initiatives, Mr. Sharma highlights the impact of ‘Startup India.’ “Government initiatives such as ‘Startup India’ have played a pivotal role in fostering a conducive environment and providing support through funding, mentorship, and policy reforms.”

    Sharma delves into the various measures the Government of India has taken to support and accelerate the growth of the MedTech industry. “The National Health Policy outlined the government’s commitment to promoting the development and deployment of medical technologies. It emphasized the importance of innovation and technology in improving healthcare delivery. The National Digital Health Mission (NDHM) is another promising step that the Government took in the direction of fuelling MedTech’s growth.”

    Discussing the promising trajectory, Mr. Sharma outlines key trends in the MedTech industry. “The MedTech industry in India is marked by several promising trends. Rapid advancements in healthcare technology, including diagnostics, imaging, and telemedicine, are expected to revolutionize patient care and treatment methodologies.”

    He emphasizes the collaborative nature of the industry and the potential for cutting-edge solutions. “Collaborations between healthcare providers and technology companies are likely to foster the development of cutting-edge solutions.”

    Anticipating future growth, Mr. Sharma sheds light on government initiatives promoting domestic manufacturing and research. “Government initiatives promoting domestic manufacturing, research, and development, such as the Medical Device Parks and the PLI (Production Linked Incentive) Scheme, are anticipated to boost local production, reduce dependency on imports, and enhance the industry’s competitiveness.”

    Additionally, he discusses the role of technology, especially artificial intelligence and data analytics. “The integration of artificial intelligence and data analytics into medical devices is poised to improve diagnostic accuracy and patient outcomes.”

    As the MedTech sector adapts to the changing landscape, Mr. Sharma recognizes the impact of the COVID-19 pandemic. “The COVID-19 pandemic has accelerated the adoption of digital health solutions, remote patient monitoring, and telehealth services, shaping the future landscape of the MedTech sector.”

    He concludes by highlighting the conducive environment for innovation and market growth. “Regulatory reforms and a more streamlined approval process for medical devices contribute to a conducive environment for innovation and market growth.”


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    Nourishing the Future: Nutrition and Beyond

    Dr. Chetan Savaliya, Director of Satvam Nutrition, provides a broader perspective on India’s startup ecosystem. He said, “During my journey the growth of startups in India has been fueled by supportive government policies, technological advancements, and a thriving entrepreneurial culture. I’ve seen a significant shift in the mindset towards entrepreneurship, with a growing acceptance of risk and a willingness to explore uncharted territories. The government’s initiatives like Startup India and Make in India, alongside digital infrastructure, have played a crucial role. There’s heightened global recognition of India as a hub for innovation, providing opportunities for economic growth.”

    Further highlighting the Government of India’s pivotal role in fostering the growth of plant-based herbal products and natural industry through supportive initiatives, Savaliya noted, “Favorable policies and regulatory frameworks has provided a conducive environment for businesses in this sector. The introduction of schemes like the Ayush Mission and National Medicinal Plants Board has specifically targeted the promotion of herbal products, encouraging research and development.”

    Sharing his perspective on the future growth of nutraceutical manufacturing, Savaliya said, “The future of nutraceutical manufacturing in India, particularly in the realm of plant-based herbal products and natural supplements, holds promising prospects driven by evolving consumer preferences and global health consciousness. With an increasing focus on holistic well-being, there is a growing demand for ethically sourced, sustainable, and plant-based solutions. This trend aligns with the rich biodiversity of India, offering a diverse range of herbs and botanicals with potential health benefits.

    As consumers become more discerning about the origin and composition of their dietary supplements, the nutraceutical industry in India has an opportunity to leverage its traditional knowledge in herbal medicine and Ayurveda. Regulatory reforms have streamlined the nutraceutical approval process, making it more attractive for manufacturers to invest in India.”

    “Strategic partnerships, investment in research and development, and adherence to stringent quality standards will be crucial for companies to stay competitive. Embracing technological advancements in extraction processes and sustainable packaging can further enhance the industry’s appeal. The future of nutraceutical manufacturing in India is poised for growth, provided industry players align with evolving consumer preferences, leverage indigenous knowledge, and invest in sustainable and innovative practices,” he added.

    Shikha Agarwal, the Nutritionist, and Owner at Nurture, shares her insights in the healthcare domain. “In my startup journey, I’ve seen India’s dynamic progress fueled by heightened health awareness and government initiatives like National Poshan Maah.”

    Highlighting the impact of schemes like National Poshan Maah, Agarwal notes, “These schemes have elevated public interest in nutrition, propelling growth in the healthcare industry.”

    “Looking forward, the sector is primed for expansion, driven by a health-conscious populace. Emerging trends point to a surge in demand for personalized nutrition and digital health solutions, offering startups abundant opportunities in this evolving landscape.” Agarwal added.


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    Wellness in Focus: Paving the Way for Health and Wellness Startups

    Shifting gears to the health and wellness domain, Jatan Bawa, Co-Founder of Perfora, emphasizes the crucial role startups play in India’s growth, “Startups are playing a very important role in driving growth for our country. Across different domains, there is a massive opportunity for startups to address problems for people in India.”

    Reflecting on the pre-pandemic focus on convenience and the post-pandemic shift to health and wellness, Bawa acknowledges the government’s proactive role. “Pre-pandemic, there was a lot of focus on convenience enabled by technology; however, post-pandemic, the focus has been primarily on improving health & wellness.”

    He outlines the government’s crucial role in accelerating growth saying, “The Government of India has played a crucial role in accelerating growth in our industry. Policies promoting ease of doing business, financial incentives, and initiatives like ‘Startup India’ have provided the necessary support.”

    Looking forward, Bawa sees a promising future for the health and wellness industry. “Looking ahead, the future of our industry in India appears promising. With a continued focus on health and wellness, there are ample opportunities for startups to innovate and address evolving needs.”

    Highlighting the importance of collaboration, Bawa emphasizes the role of startups, industry players, and the government in realizing the full potential of the dynamic landscape. “The government’s sustained commitment to fostering entrepreneurship, coupled with emerging technologies, positions the Indian startup ecosystem for robust growth. As we move forward, collaboration between startups, industry players, and the government will be pivotal in realizing the full potential of this dynamic landscape.”

    Adding another perspective from Perfora, Tushar Khurana, Co-Founder, expresses optimism about the future. “A decade earlier it would have been impossible to start and build a startup in a seamless way as we are doing it now.”

    He acknowledges the government’s super supportive stance towards startups and encourages a focus on adding value to the country. “The government has been super supportive concerning its policies related to startups, and I’m quite optimistic about the future as there are so many problems to solve. This is the decade of startups. For India, this is the decade of entrepreneurship, and I would strongly suggest people think about how they can add value to our country.”

    “In the course of our startup journey, the evolution of India’s startup ecosystem has been truly transformative. A mere decade ago, the seamless initiation and growth we now experience with Perfora would have been deemed implausible. The government’s support, underscored by startup-friendly policies, has been instrumental in this paradigm shift,” Khurana added.

    Concluding on a note of partnership and resilience, Khurana envisions a flourishing era for startups and entrepreneurship. “Moving forward, a continued partnership between the government and startups will be pivotal, cultivating an ecosystem where ideas can germinate and contribute substantially to the nation’s trajectory. Embracing setbacks, cherishing minor victories, and valuing the entrepreneurial journey will be the linchpin for shaping success in this dynamic era of Indian entrepreneurship.”


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  • Athletic Greens: Developer & Retailer of Health Supplements

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Athletic Greens.

    Health and wellness have become the most significant concern among people, especially the young and middle-aged groups, in the last few years. And good nutrition is the cornerstone of good health. Good nutrition means your body gets all essential vitamins, minerals, fibers, iron, and other nutrients.

    However, it has been reported that even a healthy and fit person can lack nutritional content. Sometimes, people find it difficult to fulfill their nutritional requirements even after having a balanced, nutrient-rich diet, doing workouts, and following a healthy lifestyle.

    It’s when they turn to green dietary supplements rich in calcium, vitamins, iron, minerals, probiotics, and many other digestive enzymes. Athletic Greens is a prominent US-based company that supplies health supplements globally.

    This article highlights every crucial detail of Athletic Greens, its founder, startup story, products, funding, growth, and more.

    Athletic Greens – Company Highlights

    Company Name Athletic Greens
    Headquarters Carson City, Nevada, United States
    Sector Health, Wellness, and Fitness
    Founders Chris Ashenden
    Founded In 2010
    Revenue $1.2B (2022)
    Website Athleticgreens.com

    Athletic Greens – About
    Athletic Greens – Industry
    Athletic Greens – Founders and Team
    Athletic Greens – Startup Story
    Athletic Greens – Mission and Vision
    Athletic Greens – Business Model
    Athletic Greens – Products and Services
    Athletic Greens – Challenges Faced
    Athletic Greens – Funding and Investors
    Athletic Greens – Patents and Trademarks
    Athletic Greens – Growth
    Athletic Greens – Marketing and Social Media Strategy
    Athletic Greens – Social Media Presence
    Athletic Greens – Partners
    Athletic Greens – Awards and Achievements
    Athletic Greens – Competitors
    Athletic Greens – Future Plan

    Athletic Greens – About

    Athletic Greens is a supplement company that produces health supplements to help customers fill nutritional gaps in their diet. It offers paleo, vegan, and keto-friendly supplements that contain nutritional ingredients to help reduce stress and sleep deprivation, and maintain a diet, enabling customers to stay fit and healthy.

    Athletic Greens – Industry

    Athletic Greens operates in the Health, Wellness, and Fitness Industry. This industry involves researching and developing health and wellness goods and services.

    The market size of health and wellness was valued at $4.7 trillion in 2021 and is projected to grow to $12.9 trillion by 2031, with a CAGR of 10.9% from 2023 to 2031. Increasing consumer spending on healthy and functional food and beverages is the main factor boosting the health and wellness market share. The rise in the prevalence of chronic lifestyle diseases worldwide is another market growth driving factor.

    Wellness Market Worldwide
    Wellness Market Worldwide

    Moreover, the Covid-19 pandemic positively impacted the health and wellness market as these two terms became the key focus among people all around the world. Furthermore, Athletic Greens, Amway Corp., Danone, Bayer AG, Fitness First, and Herbalife Nutrition Ltd. are prominent global health and wellness players.

    Athletic Greens – Founders and Team

    Chris Ashenden is the founder of Athletic Greens. He graduated from the University of Auckland. Chris is currently the Founder and Chairman of Da Alegria (Give Joy) Fundacion. Moreover, he is working as Athletic Greens’ CEO and Director.

    Chris Ashenden - Founder, Athletic Greens
    Chris Ashenden – Founder, Athletic Greens

    Kat Cole is the company’s current President, COO, and Board of Directors. Even though Athletic Greens operates remotely only, the company employs around 250 employees.

    Athletic Greens – Startup Story

    Athletic Greens was established in 2010 by its founder Chris Ashenden. He is a health and wellness-obsessed individual, and despite knowing a lot about nutrition and wellness, he kept getting sick.

    He ended up in a clinic in 2008 and spent $35,000 on each kind of blood, saliva, stool, and urine test to know why he continued to get sick. And he was shocked to find out that his body wasn’t absorbing nutrients.

    He was asked to follow a supplement regime of 50 pills. Ashenden tried it for a while and realized what most people think about nutrition is wrong and that there would be a better alternative than taking 50 pills daily.

    It is how Athletic Greens started with the launch of its flagship product, AG1.


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    Athletic Greens – Mission and Vision

    Athletic Greens aim to empower people to take ownership of their health. Here health and wellness mean fulfilling the body’s nutritional requirements while staying physically and mentally fit.

    Athletic Greens – Business Model

    Athletic Greens’ business model focuses on a very small number of products the latest science indicates are essential to human health. The company created AG1, a powered beverage to provide daily nutrition. It manufactures AG1 in TGA-registered, NSF Good Manufacturing Practice (GMP) registered facilities in New Zealand. Moreover, the product is NSF Certified for Sport.

    Athletic Greens - AG1
    Athletic Greens – AG1 

    Athletic Greens – Products and Services

    Athletic Greens’ primary product offering is AG1, which combines 75 whole foods and 8+ nutritional ingredients into one, including multivitamins and minerals, superfood complex, plant extracts and antioxidants, dairy-free probiotics, enzymes, and mushroom complex.

    Athletic Greens – Challenges Faced

    Despite of extensive ingredient list, Athletic Greens fails to provide Iron and Vitamin D in its product.

    Athletic Greens – Funding and Investors

    Athletic Greens have undertaken 2 funding rounds and raised $115 million. Its latest funding round – Venture Series Unknown Round, was raised on January 25, 2022, to secure a total of $115 million. Out of 32 investors, the main ones that back the company are Alpha Wave Global, SC. Holdings, Anthony Pompliano, and Harold Hughes.

    Date Round Number of Investors Money Raised Lead Investor
    January 25, 2022 Venture Round 23 $115 million Alpha Wave Global
    June 21, 2021 Angel Round 11 SC. Holdings

    Athletic Greens – Patents and Trademarks

    AG1 ATHLETIC GREENS is the trademark that Athletic Greens Inc. filed on March 23, 2021.

    Athletic Greens – Growth

    In 2022, the Athletic Greens’ estimated revenue was $38.7 million annually (with $157,871 revenue per employee). Moreover, the company approached 200% growth in revenue and 100% customer growth.

    Its valuation was $1.2 billion in January 2022. The employee count grew by 67%, and monthly web visit growth is -0.46%, with 1,889,094 monthly visits.

    Athletic Greens – Marketing and Social Media Strategy

    Athletic Greens leverage podcasts to connect with target consumers. The company invests in other people’s podcasts, like Tim Ferriss and Joe Rogan. Even it launched its podcast, ‘Inspiring Lives’, to create authentic conversations with diverse audiences.

    In addition, Athletic Greens leverages the paid user-generated content campaign. The company reposts many ‘green selfies’ with people posting their greens in mesmerizing locations and unboxing experiences on its IG stories.

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    Athletic Greens – Social Media Presence

    With Athletic Greens’ remarkable social media strategy, it has succeeded in establishing a significant social media presence:

    Social Media Platform Followers
    Instagram 458K
    LinkedIn 44.2K
    Facebook 255K
    Twitter 11.8K

    Athletic Greens – Partners

    Athletic Greens has partnered with the following organizations:

    • No Kid Hungry
    • Fundacion Da Alegria
    • Urban Light
    • The Surf Lodge
    • OceanX

    Athletic Greens – Awards and Achievements

    Athletic Greens recently won the 2022 Illumi Award as an Outstanding Emerging Business.

    Athletic Greens – Competitors

    Some main competitors of Athletic Greens are:

    • Foodspring
    • Santa Cruz Nutritionals
    • Wild Nutrition
    • B. Altman & Cia
    • Yfood
    • OZiva
    • RXBAR

    Athletic Greens – Future Plan

    Athletic Greens plan to expand its nutrition drink footprint globally.

    FAQs

    What does Athletic Greens do?

    Athletic Greens is a supplement company that produces health supplements to help customers fill nutritional gaps in their diet. It offers paleo, vegan, and keto-friendly supplements that contain nutritional ingredients to help reduce stress and sleep deprivation, and maintain a diet, enabling customers to stay fit and healthy.

    Who is the founder of Athletic Greens?

    Chris Ashenden founded Athletic Greens in 2010.

    Who is the present COO of Athletic Greens?

    Kat Cole is the company’s current President, COO, and Board of Directors.

    Who are the main competitors of Athletic Greens?

    Some main competitors of Athletic Greens are:

    • Foodspring
    • Santa Cruz Nutritionals
    • Wild Nutrition
    • B. Altman & Cia
    • Yfood
    • OZiva
    • RXBAR
  • Mugdha Pradhan, Founder and CEO, iThrive, Pioneers a Functional Nutrition Approach to Tackle Chronic Health Issues

    StartupTalky presents Recap’22. This is a series of interviews in which we conduct in-depth discussions with founders & industry leaders to understand their growth in 2022 and their predictions for the future.

    The nutritional supplements industry was valued at USD 151.9 billion in 2021 and is expected to grow at a CAGR of 8.9% between 2022 and 2030.  The driving factor for the growth of this industry is the increasing awareness towards personal health and wellbeing.  

    Many businesses within the industry are centered around promoting healthy living through functional nutrition and dietary supplements.  

    For this Interview, we invited Mugdha Pradhan, founder & CEO, iThrive, and we talked about the growth, challenges, insights, and future opportunities in the Health and Wellness industry.

    StartupTalky: Mugdha, what service does your company provide? What was the motivation/vision with which you started?

    Mugdha: We are a healthcare company based on the principles of functional nutrition and we provide multiple services:

    Health and nutrition consultation and therapy: We provide a one-time consultation where we analyze the individual’s blood tests and do a root cause analysis. Our primary product, the ALIVE program is a 3-month health transformation program where the client is guided full-time by a nutritionist and health coach.

    Functional Nutrition course: Our education vertical, iThrive Academy offers India’s only functional nutrition course. It is a 4-month course.

    Supplements: Our supplements line, iThrive Essentials consists of supplements
    formulated in-house by our R&D team.

    iThrive’s vision- “We create healthier, happier, lifestyle-disease-free communities across the world every single day” guides all our work.

    StartupTalky: What new services have been added in the past year? What is/are the USP/s of your service?

    Mugdha: Our supplements line, iThrive Essentials, recently completed one year this November. iThrive supplements are formulated in-house by our R&D team and are at par with the top international brands but at an affordable price suitable for the Indian market. iThrive Evolve, our sports nutrition program was rolled out very recently. This is targeted at athletes, looking to utilize the power of functional nutrition and cutting-edge modern medical science to maximize their performance.

    StartupTalky: How has the health and wellness industry changed in recent years, and how has your company adapted to these changes?

    Mugdha: Conventional medicine is dreadfully inept at curing people of chronic lifestyle diseases, instead just focusing on suppressing the symptoms with drugs. More and more people are starting to realize this and as a result, good evidence-based alternative medicine practices such as functional nutrition and integrative medicine that focus on holistic health are getting more and more popular. The alternative health and wellness industry is estimated to be 4.2 Trillion USD.

    iThrive is India’s leading functional nutrition platform. We ourselves are the change that the industry is witnessing. Functional medicine has often been described as the future of medicine.


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    Mugdha: We have an extensive R&D department that updates our treatment protocols and course curriculum every single week. The team keeps itself informed through various resources like published papers and podcasts and articles put out by leading functional medicine practitioners globally.

    StartupTalky: What key metrics do you track to check the company’s growth and performance?

    Mugdha: We keep track of our clinical data thoroughly including the number of clients enrolled, the number of successfully healed, the number of successful reversals of specific medical conditions, etc.

    We also track our revenue and finances intricately. The performance of individual employees and teams in the organization is tracked via key performance indicators(KPIs) that are determined based on the role.

    StartupTalky: What were the most significant challenges your company faced in the past year and how did you overcome them?

    Mugdha: Our company has scaled up quite significantly in the past year, especially in terms of our workforce. A lot of things that were previously done very informally could not be continued in the same way. We introduced a proper hierarchical structure in the organization with defined teams. Additionally, all of our data including client data and other internal company data has been properly organized with additional security measures added.

    All of this has optimized our workflow and increased efficiency. It also sets us to scale up further more easily.

    StartupTalky: Good service, is something everyone is talking about in the service industry. How do you ensure that your clients are happy?

    Mugdha: Client satisfaction is our topmost priority. We have separate roles in the organization to specifically, focus on client services. When clients enroll for our program they are assigned both a nutritionist and a health coach who is available for support round the clock both through calling and via text.

    StartupTalky: What are the different strategies you use for marketing? Tell us about any growth hack which you pulled off.

    Mugdha: The biggest strategy we use is to create brand awareness. iThrive is a pioneer of Functional Nutrition in India. The term Functional Nutrition in itself is a novel concept that has only recently reached India but it’s a method we have been following for a long time.

    In order to market this we have been using social media to create awareness. We have three main verticals we market in a similar manner by posting reels, posts, and advertisements. We also conduct webinars monthly to educate people and build trust among our audience.

    The recent new marketing strategy we used was to create a campaign around Diwali. It was one of our biggest projects. We had a 60-second advertisement around it, social media promotions, PR, and more. The campaign gained great traction. And it paid off really well. We gained a lot of recognition.

    StartupTalky: Foreign clients- this is what most of the service-based companies are looking for. What has been your experience?

    Mugdha: We have had our fair share of foreign clients. Our vision is to create healthier, happier, lifestyle-disease-free communities across the world every single day. So like many service brands we do target foreign audiences but we do not focus on them majorly.

    StartupTalky: What are the important tools and software you use to run your business smoothly?

    Mugdha: We use many different tools to make our work easier. One such tool is Height, a project management tool that we use to keep track of all ongoing projects across all three verticals and the myriad of platforms we market on. Each department like the design team, the content team, the production team, etc has its own set of tools, specific to its niche.

    Our design team uses Figma to make everything right from social media posts to websites. Also, our nutrition team uses Trello to consolidate clients’ documentation. And of course, we use many features that google provides like Google Docs, Google Sheets, Google Meet, etc.

    StartupTalky: What opportunities do you see for future growth in the health and wellness industry in India and the world? What kind of difference in market behavior have you seen between India and the world?

    Mugdha: Functional Nutrition, though a novel concept has been gaining popularity as it fills a major gap- evidence-based practices in alternative healthcare. And as a pioneer, we see a graph that increases exponentially. Especially with the next round of funding just around the corner, we have projected iThrive to become a household name.

    Just in India, we have projected revenue of $14 M in the next 5 years. Globally, we
    have clients from UAE, the USA, Australia, and Pakistan.

    StartupTalky: What lessons did your team learn in the past year and how will these inform your future plans and strategies?

    Mugdha: Since last year our team has grown 3x. What the initial team learned was that manifesting does work. We understood how important was it to be true to our morals and culture. It was very important that how much ever big our team grows, we need to keep our culture intact.

    StartupTalky: How do you plan to expand the Customers, service offering, and team base in the future?

    Mugdha: We are working towards expanding our customer base globally. Our current global client base is mostly referral clients but we are looking forward to marketing iThrive and its subsidiaries across the globe. Especially Australia, UAE, and USA.

    As far as our services go, we have three verticals, iThrive ALIVE, our parent company that focuses on the reversal and prevention of chronic lifestyle diseases, iThrive Academy, our teaching platform, and iThrive Essentials, our supplements vertical.

    iThrive ALIVE itself has different programs that the client can choose from as per their requirements. Other than these, we just recently rolled out our sports nutrition vertical, iThrive Evolve.

    In the last year, we have increased our team from 20 employees to almost 60
    employees and are expecting to hire more. With the company growing exponentially the need for more resources has increased.

    StartupTalky: One tip that you would like to share with another Service company founder?

    Mugdha: Be true to your vision and surround yourself with people who can help you achieve it. You do not have to do everything by yourself. Hire experts who can help you in areas you are not proficient in. And always look for people, especially your core members, who challenge you. Nothing drives you to become better than someone who can challenge you.

    We thank Mugdha Pradhan for spending her valuable time and sharing her learnings with all of us.

    You can read other Recap’22 Interviews here.

  • Welltech Success Story: Health & Fitness Mobile Applications

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by WellTech.

    Who doesn’t like to stay fit? Moreover, in the past few years, the significance of health and fitness has increased to a great extent. You would find every other person talking about fitness and following a number of health apps on their smartphones.

    Every person is conscious of reducing those extra kilos to look better and stay in shape. It can be seen that fitness and health have become a hot topic of discussion but, just like starting anything new, you need to have a certain goal or a plan beforehand. Similarly, to embark on the journey to fitness and health you need to know the appropriate measures to start a healthy life.

    Every other day, you find there’s an app related to health and fitness, in which you can get a customized plan designed to cater to your health needs. WellTech is one such IT startup company that develops mobile applications related to health and fitness.

    Here’s the success story of WellTech, where you can learn everything about WellTech, its story, and team, products and services, competitors, and more.

    WellTech – Company Highlights

    Startup Name WellTech
    Location Limassol, Cyprus
    Sector IT Services and IT Consulting
    Type Private
    Website [welltech.com]

    WellTech – About
    WellTech – Industry
    WellTech – Mission and Vision
    WellTech – Name, Logo, and Tagline
    WellTech – Business Model
    WellTech – Revenue Model
    WellTech – Team
    WellTech – Online and Social Media Presence
    WellTech – Competitors

    WellTech – About

    WellTech is a private corporation, which focuses on information technology and services. The company mostly creates mobile applications for the health and fitness sector.

    WellTech presently has over 200 million downloads worldwide. There are more than 400 people on the team who are dedicated to creating products to make millions of people feel better.

    The company is dedicated to enhancing the health of numerous people worldwide. WellTech’s philosophy and ideals make it very evident that they aim for excellence in everything they do.

    It is a data-driven company.

    WellTech – Industry

    It can be assured that the IT industry is one of the leading industries in the world. It is estimated that the projected spending for the worldwide information technology (IT) sector in 2022 is 5.3 trillion dollars.

    In the market for IT services, the average Spend per Employee is anticipated to reach US$322.30 in 2022.

    WellTech – Mission and Vision

    WellTech’s mission is, “Improving the Health of Millions of People around the World”

    WellTech – Name, Logo, and Tagline

    WellTech logo is like a half circle full black in colour.

    Welltech Logo
    WellTech Logo

    WellTech – Business Model

    WellTech has created health & fitness applications like Omo, FitCoach, WalkFit, Yoga Go, and Muscle Booster.

    Let’s a take detailed look into the following five applications:

    Omo

    Omo is the all-in-one weight loss application. It is a calorie-counting software that makes it simpler than ever to register your meals, keep track of your activities, and view your progress. It is not only about losing weight but the app gives a lot more than this.

    It is more than just a food journal; it also provides its users with nutrition advice so they may eat well. Users can learn how to choose healthier foods and steer clear of junk food with the help of these suggestions, making it simpler to withstand cravings and establish lasting healthy habits.

    Omo also helps users with intermittent fasting and gives a personalised workout plan.

    How to use the app?

    Users can need to go to the App Store or Google Play Store (depending on your device) and download the Omo App to get started. After it is downloaded, create an account to get started, by responding to a few straightforward questions in order for the app to develop a plan that is unique to you and your requirements.

    Users’ weight loss plans will be computed when they have completed the questionnaire. Once done, Omo develops a highly customised weight loss plan rather than a generic one, making sure that its users won’t have any trouble adhering to it.

    Yoga Go

    Yoga Go by WellTech lets customise yoga and pilates routines to improve customers’ physical health, emotional stability, and overall well-being.

    The app already has 23 million plus downloads and is available in 11 languages. Yoga-Go offers quick, at-home yoga and pilates routines that customers can use at any time they want. Yoga-Go workouts only last 7 to 30 minutes, and each session might result in a 200-calorie calorie burn.

    With this app, users can enjoy a variety of yoga exercises:

    • Pilates
    • Face Yoga
    • Breathing Practices
    • Stretching
    • Yoga at the Office
    • Morning Yoga Practices
    • High-Intensity Yoga
    • Relaxing Yoga Practices

    FitCoach

    FitCoach has over 29 million downloads and is available in 13 languages. WellTech’s FitCoach is the perfect fitness app for those who are concerned about their health, want to get fit, and lose weight, but lack the time to go to the gym. The best part about this app is it offers a fully customised plan for its users.

    FitCoach app offers the following variety of workouts:

    • Strength
    • Stretching
    • 7 Minutes workouts
    • Yoga
    • Walking
    • Pilates helps
    • Cardio
    • Libido Boost
    • Recovery workouts
    • Morning
    • Fitness Mix

    Muscle Booster

    With over 60 million downloads, Muscle Booster by WellTech aims at offering daily plans for the overall body workout.

    The app has a weekly calendar that is located at the top. Users have to select a day in the calendar, which will display options for both the main workout and extra workouts.

    The main workout (if there is one that day) should be completed at the very least, but putting in the extra session will yield faster results. The exercise plan pages in the app list the exercises that will be done during the workout and how long it will take to complete the entire session.

    Here are some of the features of the Muscle Booster App:

    • An Extensive and Varied Training Library
    • Workout Overviews
    • A Personalized Training Plan
    • Workout Player, this includes – audio prompts, 3Dmodel highlighting muscles, music synchronization
    • Apple Watch Synchronization – to synchronise with Apple Watch to track workouts
    • A Personalized Meal Plan

    WalkFit

    WalkFit is available in 9 languages for both Android and iOS users and has over 16 million downloads from all over the world. This app offers individualized walking plans and in-the-moment advice to help people get healthier and more fit. The app can be downloaded for free but requires a reasonable fee to access other features.

    WalkFit app helps the users in the following ways:

    • Countdown of total time and active time.
    • Pedometer with alerts to let users know when milestones are reached in terms of steps.
    • How many calories are burned?
    • The app measures the distance travelled, as well as the pace and speed of users.
    • WalkFit makes it possible for users to be phone-free by syncing the app’s data to their Fitbit.
    • The app gives a selection of fitness tasks
    • There are statistical charts that reflect users’ progress and trends using the exercise data they have already completed.

    Other than creating mobile applications, WellTech is also engaged in offering courses for those who want to start their career in IT.

    WellTech Academy

    WellTech Academy is an educational platform that is designed to offer coachings for those professionals who are interested in joining the IT industry. The company has a total of three years of experience in implementing educational projects.

    WellTech Academy has a total of 29 projects to start IT careers, 270+ alumni of educational projects, and 56 graduates from the academy. Once the candidate finishes the course, they even get the chance to join a product IT company and have the opportunity to develop Fitness & Health Apps.

    They offer programs like;

    • Digital Marketing Camp (online)
    • Creative Marketing Camp (online)
    • Product Camp (online)
    • QA Bootcamp (online)

    The main goal of WellTech Academy is, “To impact product IT development by improving the knowledge and expertise of entry-level specialists.”

    WellTech – Revenue Model

    WellTech generates its revenue through the above-mentioned applications.

    WellTech – Team

    There are 400+ people on the company’s team.

    WellTech – Online and Social Media Presence

    On Facebook WellTech has 976 followers, the LinkedIn page has 5,276 followers, and Instagram has 1,382 followers.

    WellTech – Competitors

    Some of the top competitors of WellTech are:

    • Sworkit
    • C25K
    • Headspace
    • Fooducate
    • Pear
    • MyFitnessPal
    • Nourishly
    • Happify
    • Strong Workout Tracker Gym Log
    • Strava Running and Cycling

    FAQs

    What does WellTech do?

    WellTech is a health and fitness mobile app developer that has built apps like Omo, FitCoach, WalkFit, Yoga Go, and Muscle Booster.

  • Nutritional Startups Experimenting With Innovative Growth Strategies

    The article is contributed By Pranay Jain, Founder & CEO, BodyFirst

    Food and nutrition were formerly exclusively of interest to fitness and health-conscious individuals. For many years, the idea of fitness was limited to enhancing one’s appearance through gym memberships. In the last two years, the Covid-19 pandemic has gradually redefined the concept of healthy living and emphasized the need for immunity boosters and supplements. What, when and how individuals eat are becoming the main themes of discourse in contemporary culture. The post-pandemic period is now experiencing an increase in the number of persons benefiting from different health and nutrition products, which corresponds with the increase in the adoption of a healthy lifestyle.

    The numbers from before the pandemic illustrate this pattern. The Indian gyms, health and fitness industry expanded by 11% between 2016 and 2020, with over 71,000 new fitness and health apps being reported by analytics firm App Annie during the same period. Consequently, fitness app downloads have increased by 156%, which translates to 58 million new active users in 2020. Even before the Covid disruption, the nutritional and fitness startup space had interpreted this opportunity to serve the rising number of health and fitness enthusiasts as a result of this shift.

    Influence of the Pandemic on Placing a Premium on Health and Nutrition

    The pandemic underlined the need for proper diet and physical activity. By emphasizing health and nutrition, the necessity to battle chronic illnesses such as diabetes, hypertension, stress, and anxiety has become a priority. A fresh emphasis on adopting a healthy diet has finally resulted in enhanced productivity, discipline, and an active lifestyle. By adopting a healthier lifestyle, one’s prospects of overcoming unforeseen illnesses are greatly improved. This idea has contributed to the expansion of health and fitness apps while boosting the consumption of nutritional and health supplements.

    Wearables Add Flexibility to Accomplishing Fitness Goals

    In the last five years, fitness wearables have been at the forefront of an industry-wide transformation, empowering their users to maintain their physical health and mental agility. These devices are no longer only data measurement accessories but are integrating data and usage metrics with other smart exercising devices, fitness and diet training apps, and mindfulness activity trackers. Startups are leading the way in bridging the gap between reality and fitness goals by digitally aiding their customers, regardless of their actual location, to meet the required activity or exercise goals. Virtual fitness experiences contribute to the novel aspects of the technology that are rapidly establishing a quantitative and qualitative benchmark for actual transformation. These creative solutions have already created the groundwork for accomplishing fitness objectives, using a mechanism and method that are both adaptable and achievable.

    Partnerships With Fitness Centres and Corporate Wellness Initiatives

    Fitness and wellness firms have traditionally leveraged corporate partnerships as a growth strategy. However, the post-pandemic emphasis on fitness and nutrition has expanded corporate interest. This integration assists companies with benefits, health insurance programs, and employee fitness initiatives to manage workplace stress and enhance employee wellbeing. These holistic wellness initiatives provide workers with seamless integration and usher in long-term health advantages for the organisation. In addition to organizing random and tailored fitness events for intercompany participation, fitness brands also promote the adoption of fitness and weight management programs by hosting random and customized fitness initiatives.

    Enhanced Ingredient Awareness Influencing Consumer Preferences

    Ingredients are foundational to health and nutrition products and these are witnessing a surge in popularity among fitness enthusiasts. The emphasis on product orientation and specialization is one of the most important marketing techniques used by fitness brands. Most fitness brands provide health and nutrition items that are loaded with multivitamins, vital minerals, omega-3 fatty acids, and other supplements. Multivitamins, essential minerals, Omega 3 supplements, and probiotics are, thus, some of the most prominent fitness and nutritional ingredients.

    Increased product awareness among the consumers has shifted the spotlight to brands that emphasize innovative ingredients in their products. This strategy is reflected in the approach in which customers choose brands that are transparent about the relevance of product ingredients in achieving their fitness and wellness goals. Nutrition experts and fitness coaches are more likely to promote brands, whose products are based on scientifically validated and properly researched ingredients. Products capable of bridging the protein deficiency gap by restoring the adequate nutritional balance in the diet will ultimately gain more acceptance and adoption among fitness enthusiasts.


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    Brands Focusing On Garnering High Product Reviews With Satisfied Consumers

    Products that are high on reviews are expected to gain prominence as they are referred by satisfied consumers with word of mouth strategy being a strong driver across sectors. Fitness startups are introducing a diverse product line that is superior to market offerings and strives to promote health and educate customers to enable wise and healthy decisions. Multivitamins, essential minerals, Omega 3 supplements, and probiotics are among the most popular fitness and nutritional products. These innovative products utilise ‘enzyme technology’ which helps break down protein efficiently and enables the body to maximize the absorption of amino acids. This breakdown of whey protein into its smallest components avoids any digestive discomfort and caters to consumers who advertise the product among their circle of influence. Catering to consumer’s convenience, these products are also becoming travel friendly and are being made available in compact and ‘mini’ travel sachets to help consumers maintain nutritional requirements while travelling.


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    Conclusion

    Today’s constantly changing consumer preferences have been addressed by emerging technological advancements that will continue to influence the fitness industry’s growth trajectory. In conclusion, these rising opportunities to address customer needs will help startups redefine their approach with innovative growth strategies.

  • Top 10 Leading Mental Health Startups in 2022

    “Mental health” is a term used to describe how one feels and acts in response to life’s challenges. Our mental health affects and decides how we deal with stress, interact with one another, and make decisions. And mental health has an impact on how people perceive themselves, their life, and those in their lives. Mental health, like physical health, is essential at all stages of life.

    Our mental health affects all elements of our life, and preserving our children’s mental health is a natural part of our parental responsibility. Caring for our children, both emotionally and physically, is essential to their everyday existence and independence.

    Several Innovation Analysts recently investigated innovative technology and upcoming firms focusing on healthcare solutions.

    Venture financing for mental health has reached an all-time high in recent years. In 2020 alone, investors spent $1.5 billion on the business. There is no lack of applications and businesses developing novel methods to make mental health treatment more inexpensive, accessible, and user-friendly. Here are a handful of our favourite mental health startups to keep an eye on:

    1. Lyra Health Care
    2. 7Cups
    3. Pear Therapeutics
    4. MoodPath
    5. Meru Health
    6. Talkspace
    7. Calm
    8. Cerebral
    9. SonderMinds
    10. Sleepstation

    1. Lyra Health Care

    Lyra Webpage
    Lyra Webpage

    Lyra is a healthcare benefit given in addition to a company’s healthcare package, founded by David Ebersman, former CFO of Facebook, and Dena Bravata. Employees will be able to resist burnout, be present more frequently, and maintain better overall health if they have better access to mental health services. Lyra evaluates new members and tailors advice depending on symptoms, severity, and lifestyle.

    Lyra offers evidence-based care that helps patients with all aspects of their mental health, from wellness and preventative care to the most severe disorders. Lyra’s revolutionary “Blended Care Therapy” combines video therapy sessions, one-on-one chat, and digital activities prescribed by the practitioner to help people in their daily life.

    Based on Cognitive Behavioral Therapy concepts, this immersive therapy paradigm with continuing support between sessions assists patients in improving more quickly.

    Lyra’s curated network in the United States comprises over 5,000 coaches, therapists, and physicians, with an additional 85,000 professionals available globally through partnerships.

    2. 7Cups

    7Cups Home Page
    7Cups Homepage

    People with mental illnesses or those who require ongoing therapy and monitoring are not the only ones who benefit from mental health services. Some of them are intended to assist in crucial situations or when a person feels lonely, unhappy, upset, frightened, or just needs emotional support for a variety of reasons, such as the present lockdown due to the Coronavirus epidemic.

    In Your Corner, a firm established in the United States, developed the smartphone app 7Cups to give on-demand, real-time help from professional mental health counsellors and coaches. Individuals’ personal and professional growth is aided by counsellors and coaches who introduce them to meditation and breathwork practices.

    Because of the service’s mobile nature, consultations are accessible 24 hours a day, seven days a week. In over 80 countries, free, anonymous, and confidential discussions with trained active listeners are provided. 7 Cups now has over 1,200 active listeners from over 80 countries, many of whom will listen for free. The website also has a support forum and over eight interactive treatments for common mental health issues.

    3. Pear Therapeutics

    Pear Therapeutics Home Page
    Pear Therapeutics Homepage

    Pear Therapeutics is a privately held eHealth firm that creates digital therapeutics to treat a wide range of serious disorders such as addiction, schizophrenia, pain, post-traumatic stress disorder, anxiety, depression, and sleep. Pear’s formulation technology blends pharmaceutical preparations with user-friendly, adaptable, and scientifically verified software applications.

    Pear’s proprietary strategy improves patient outcomes, delivers smarter engagement and tracking tools for physicians, and cost-effective solutions for payors. Pear Therapeutics, Inc. (“Pear”) has developed the first end-to-end platform for prescription digital therapeutics (PDTs), which are FDA-approved, clinician-prescribed, and payor-reimbursed software that cures critical disorders.

    PDTs, like traditional pharmaceuticals, are created in a GMP-compliant environment, tested in randomized controlled trials to demonstrate safety and efficacy, assessed and approved by authorities such as the FDA, and administered under the supervision of a prescribing doctor.

    PDTs, as opposed to traditional medications, are software programs meant to capture real-world data for use by prescribing doctors, payors, and health systems in population health management.


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    Categories  of Mental Health Startups
    Categories of Mental Health Startups

    4. MoodPath

    MoodPath is a leading depression checking application that mainly keeps the check on the mood swing of its users. MoodPath was introduced in the year 2016 by Felix Frauendorf and  Mark Goehring. Just like its name, MoodPath works by keeping a tab on its users moods.

    The application works as an electronic clinician. Multiple questions are asked by the application and the given results are then calculated for the conclusion. This information is then passed on to the therapist. Also, the application is created in a way that it can suggest exercises to the users to gain some control over their mood.

    MoodPath also behaves like a social media platform in the matter of having short videos on its platform. There are multiple short videos updated on MoodPath. These videos are used to create awareness about mental health and are also used to treat patients with their data.

    Overall, MoodPath is a behavioural application working in conjunction with the doctors to help them understand the life condition of its users and also provide them with a few small practices to gain some control over the self. MoodPath is known to have 14,000 to 20,000 daily active users with more than a million downloads.

    5. Meru Health

    Meru Mental Webpage
    Meru Mental Webpage

    Founded in the year 2015, Meru Health is a US-originated health startup program. It was invented by Kristian Ranta, Albert Nazander, and Riku Lindholm as a digital program aiming to provide better mental health for those suffering from depression.

    Meru health comes under the list of telemedicine applications but is more firm to induce long-lasting effects in its users. People suffering from depression can use Meru Health to find some calmness and long-lasting results that can help in dealing with depression.

    Meru health works by the use of talk therapy and keeps a tab on important factors affecting mental health such as environment, etc. Along with talk therapy, Meru Health is also known to provide wearable devices like fitness bands. These devices help out Meru Health application to keep a record of other vital information such as heartbeats and stress responses.

    6. Talkspace

    Talkspace Webpage
    Talkspace Webpage

    Founded in 2012, a New York-based company Talkspace is known to provide therapy by the means of mobile and the internet. The company was started by Roni Frank and Oren Frank and is headquartered in New York City. Talkspace helps its users by the medium of teletherapy.

    The application works with the most basic criteria of face timing the user with an available therapist. This eliminates the need of searching for a therapist and worrying about the appointment time.

    Apart from contacting users and therapists to each other, Talkspace is also known to provide the services of health insurance making the journey much more compatible and fuss-free.

    Talkspace works with the mission of providing therapies and psychiatry more affordable. Talkspace has more than a 1 million users count.


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    7. Calm

    Calm Homepage
    Calm Homepage

    Founded in the year 2012, Calm is a software company known to introduce meditating products. It was founded by Michael Acton Smith. The prime focus of the Calm application is to provide meditation and sleep patterns.

    Calm has successfully created its place in the audience and has achieved several awards for its effective concept. Calm works in the clearest pattern by asking the user about their goal while signing up to the platform. The goal can fall on the list of reducing anxiety, building self-esteem, getting proper sleep, reducing stress, and many more.

    The application features several meditating exercises and calming audiovisuals. These can provide much-required help to the users when faced with anxiety or stress. Calm has more than 4 million users subscribed to its services.

    8. Cerebral

    Cerebral Webpage
    Cerebral Webpage

    Cerebral mental health startup was launched in 2020 in California by Ho Anh and Kyle Robertson. It is a telehealth product mainly focusing on comprehensive care and medication management online. Cerebral aims to provide better control over the online care and medication services for anxiety, depression, ADHD, etc.

    Users can easily get help with their anxiety, depression, and insomnia. Users can also request prescriber visits, therapies, counselling, and also the door delivery of prescribed medicines. The process of using Cerebral is quite simple with the Sign in and following is given set of instructions by them.

    9. SonderMind

    Cerebral Webpage
    SonderMind Webpage

    SonderMind was developed in 2014 by Mark Frank, and Sean Boyd and works as a connecting medium between the users and clinicians. SonderMind can be used by both the user and a clinician working in their way.

    The patients or users can take the help of SonderMind to get in touch with the available clinician. Whereas, for the practitioners, registration with SonderMinds can help them to get more patients for themselves.

    Another great advantage given by SonderMinds to its registered practitioners is the guaranteed payment from their patients. Whereas, SonderMond also provide insurance service to its users for a better and easy process of maintaining mental health.

    10. Sleepstation

    Sleepstation Webpage
    Sleepstation Webpage

    Sleepstation is a program created by Born Digital Health. Sleepstation mainly deals with insomnia and provides a better lifestyle for good mental health. Sleepstation was invented by sleep expert Dr Kirstie Anderson.

    Sleepstation works by the principle of Cognitive Behavioral Therapy (CBT) and requires the personal specific information of its users such as sleep pattern and time, medical history and screening, etc.

    Sleepstation takes the help of experts and combines the information given by users to promote their sleeping time and relieve them from insomnia. The Sleepstation works by combining psychological techniques along with traditional sleep techniques and experts’ advice and experiences to help the users.

    Conclusion

    Mental health is still subjected to be discussed openly. Yet, the number of people falling prey to mental health issues increases rapidly. To deal with these issues, many different measures have been applied. One of them is to take the help of technology. Several different startups have been introduced to the world. Some of the top mental health startups across the globe have been listed above.

    FAQs

    What is the size of the global mental health market?

    The recorded size of the global mental health market in 2020 was valued at $383.31 million and is estimated to cross $537.97 million by 2030.

    Which mental health issues are most common across the world?

    The most common mental health issues are insomnia, anxiety, and Obsessive-compulsive disorder (OCD).

    Which are the leading mental health organizations across the world?

    Some of the leading mental health organizations across the globe are Mental Health America, the National Institute of Mental Health, the National Alliance on Mental Illness, etc.

    Are mental health startups the future of the healthcare industry?

    As we all move towards the modernization era, things get changed from their traditional method. With this pace, we can assume health startups to be considered a new norm in the future world and revolutionize the future of the healthcare industry.

  • Upnourish – Providing Nutritious Meal Replacement to Stay Effortlessly Healthy

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Upnourish.

    Due to the increasing pressure of modern life and despite the adverse effects it has on our health, people tend to get less sleep and work more. Poor work-life balance leads to chronic stress and impacts mental health and physical health equally. The industry of Health and Wellness is growing as per the demands of health needs in the current busy lifestyle. The global wellness market is valued at $1.5 trillion. It is growing with annual growth of 5 to 10%. Health and wellness market value is estimated to grow by USD 1300 billion by 2024 and Nutritional supplements market is estimated to grow at a CAGR of 6.2%.

    People aim to enjoy the busy lifestyle and aspires to stay equally healthy. Upnourish has brought the solution to this need. Founded by Nutritionist, the startup provides a range of nutrition products as meal replacement.

    Know about Upnourish company, founders, business model, and its startup story.

    Upnourish  – Company Highlights

    Startup Name Upnourish
    Headquarters Mumbai
    Sector Health and wellness
    Founder Kuonal Lakhapati and Aayushi Lakhapati
    Founded 2022
    Revenue INR 15 Lacs
    Website upnourish.co

    Upnourish – About
    Upnourish – Founders
    Upnourish – Startup Idea
    Upnourish – Mission and Vision
    Upnourish – Name, Tagline, and Logo
    Upnourish – Business Model
    Upnourish – Products & Services
    Upnourish – Marketing
    Upnourish – Growth
    Upnourish – Challenges Faced
    Upnourish – Advisors
    Upnourish – Competitors
    Upnourish – Tools Used

    Upnourish – About

    Upnourish Meal Replacement
    Upnourish Meal Replacement

    Upnourish is India’s digital first D2C focused meal replacement product venture enabling people to eat healthy with all the nutrition yet low on calories while they lead their busy lives. Upnourish aims to be a part of every individual’s life who leads on-the-go lifestyle yet aspires to be healthy. Upnourish aims to be market disruptor and category leader when it comes to healthy on-the-go snacking/meals category.

    Upnourish – Founders

    Upnourish Founders
    Upnourish Founders

    Kuonal Lakhapati and Aayushi Lakhapati are co-founder at Upnourish. Kuonal Lakhapati is the CEO at UpNourish. Ayushi is a certified Nutritionist.

    It was their mutual decision to embark on this journey to build Upnourish and 23BMI. Kuonal handles all the operations and business functions whereas Aayushi heads product R&D and client management.

    Upnourish – Startup Idea

    Kuonal Lakhapati was leading a very hectic life while being the founding member India’s leading company in Logistics tech space. Building a startup was demanding. His days were extended and hardly had a fixed schedule since he was traveling extensively. Moreover, he had no knowledge or awareness about healthy food, importance of timing etc. Had many misconceptions too. Unfortunately, he gained quite a bit of weight making me very uncomfortable. However, he had known Aayushi (Co Founder, 23BMI) and knew she came from the world of nutrition and wellness. He told her that he wanted to lose weight but could not hit the gym due to lack of time. He asked her to guide as he had no nutrition knowledge.

    Aayushi was experimenting with her idea of Meal Replacement Products and she decided to make some samples and try them on me. He tried them and lost  10 Kgs in 28 days! That is when he realised this is revolutionary and if he was facing this issue of not able to hit gym, prepare healthy food that can be carried easily, there are millions out there like me. And, they could solve this problem offering convenience. That’s when they decided to start manufacturing Meal Replacement Products.

    They made some samples and tried them with friends and family. They tested it thoroughly, did pre-post medical check ups and once they were absolutely through, they finally launched them. They did speak to some medical and health experts, marketing experts, branding experts, before they thought of jumping into the world of meal replacements. Most of them were in agreement of the problem statement, market need and the proposed solution. However, they had to get the product formulation right and had to conduct trials before finalising the formulation.

    Upnourish – Mission and Vision

    As people get aspirational, busier, competitive, their health will take a backseat. Hence, Upnourish is working to make health and nutritional food convenient to all such people so they do not have to compromise on their health goals. Upnourish also targets weight watchers who would want to maintain to keep their underlying conditions like diabetes, cholesterol, thyroid, PCOD/PCOS, etc concerns under control.

    Upnourish Logo
    Upnourish Logo

    The core idea behind choosing Upnourish as our brand name was simple as they wanted people to up their nutrition game.

    Upnourish – Business Model

    Upnourish’s business model is very simple and just like any other e-commerce company. Upnourish’s major revenues come from it’s own website which is about 70%. The rest of the revenue streams are online market places like Amazon, Healthkart, Wellversed, etc.

    Upnourish – Products & Services

    Upnourish Products
    Upnourish Products

    Meal Replacement products are packed with all the essential nutrition in terms of protein, fiber, carbs, multivitamins, etc in 60% lesser the calories that a body requires from one meal which is usually very difficult to achieve via natural meal by any individual with basic nutritional knowledge. Hence, on regular consumption of the meal replacement products, one experiences increased energy levels, fat loss, better health, etc.

    They are making it very convenient to carry your own on-the-go nutritious meal which provides all the vital nutrition for fitness/health focused individuals.

    They did go through couple of iterations before they could find the perfect formulation of the product. Basis on the extensive feedback, they realized they could make the product even better and hence, had to work through a couple of iterations.

    Upnourish is the D2C focused, ecommerce arm where as 23BMI is our consultancy arm for people who need dedicated health coach services.


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    Upnourish – Marketing

    Upnourish team majorly focused on performance marketing to acquire customers via social media platforms. They acquired first 100 customers in less than 10 days.

    Branding, communication, product innovation and most importantly listening to our customers has been the key to understand the growth path for the company. They are currently focusing on increasing our product visibility via online marketplaces and some selected offline modern stores. A couple of ad campaigns of our products did really well specially in the Tier – 2/3 markets which essentially focused on explaining how one could replace one/two unhealthy eating options with meal replacement products. They are currently spending 50% of revenues on marketing.


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    Upnourish – Growth

    Upnourish is just few months old. It is headquartered in Mumbai. Upnourish has clocked about  INR 15lacs revenue with 55% gross profit. Upnourish has more than 1200+ subscriber. Upnourish’s clients are some notable HNI’s, politicians, sportsmen, celebrities, etc along with fitness focused individuals across India.

    Upnourish – Challenges Faced

    Amongst many, one of the major challenges they faced were getting the MOQs for products, packaging since to get high MOQ was not feasible. They had to really get into the sourcing to be able to achieve feasible MOQs. They did some experiments with low MOQ packaging, printing until they could get the desired MOQs.

    Upnourish – Advisors

    Huddle.work are their advisors.

    Upnourish – Competitors

    Some top competitors of Upnourish are:

    • Soylent
    • Huel
    • Oziva
    • Kapiva
    • Herbalife

    Upnourish – Tools Used

    Few tools which they use to run the startup are:

    • Wati.io
    • Shiprocket
    • Shopify
    • Quickbooks
    • Realreview

    FAQs

    When was Upnourish founded?

    Upnourish is a Health & Wellness startup founded in 2022 at Mumbai.

    Who are the founders of Upnourish?

    Kuonal Lakhapati and Aayushi Lakhapati are Co-founders of Upnourish.

    What is the revenue of Upnourish?

    Upnourish has clocked about INR 15lacs revenue with 55% gross profit.

    Who are the competitors of Upnourish?

    Some top competitors of Upnourish are:

    • Soylent
    • Huel
    • Oziva
    • Kapiva
    • Herbalife
  • Mykare Health – Improving Healthcare with Personalized Treatment & Accommodation Facilities

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Mykare Health.

    The health care system in India has numerous public and private Health centres at different levels. There are district hospitals, primary health centres, community health centres and more. Still there are associated Challenges With it, like – poor infrastructure and low quality control. Health facilities in India is insufficient for such huge population.

    Mykare has brought affordable healthcare facilities so that every common Indian can get benefitted from their service. They encouraging innovation and collaborations to improve medical service. They help people throughout the treatment, from picking the patients to make them reach the destined centre, the treatment, and post treatment care at minimal charges.

    Read to know about Mykare health startup, founders, and the story of its growth.

    Mykare Health – Company Highlights

    Startup Name Mykare Health
    Headquarters Bangalore
    Industry Healthcare
    Founder Senu Sam, Rahmathulla, and Joash Philipose
    Founded 2020

    Mykare – About
    Mykare – Industry
    Mykare – Founder
    Mykare – Idea & Startup Story
    Mykare – Name, Tagline, and Logo
    Mykare – Products & Service
    Mykare – Business model
    Mykare – Customer Acquisition after Startup Launch
    Mykare – Challenges Faced
    Mykare – Growth
    Mykare – Competitors
    Mykare – Future Plans

    Mykare – About

    Mykare Health seeks to develop India’s biggest asset-light healthcare network for elective surgeries and preventive care, with the goal of improving the healthcare experience of every ordinary man. Mykare is a comprehensive platform powered by artificial intelligence. It’s a hassle-free platform-driven end-to-end surgical journey for patients, with AI-enabled screening, Flexible Payment & No Cost EMIs, transparent and affordable pricing, AI-enabled Insurance platform, 24*7 In-app care, 20 to 40% cost savings, unlimited post-care, pickup and drop, and free room upgrade, family-like on-ground care. All Mykare facilities are Covid SAFE and have high-quality surgeons and recognized centers.

    Mykare – Industry

    Looking at the elective surgery market size and medical travel industry in India and small number of hospitals in India, the hospitals will be mostly a place for inpatient care and most of the other functionalities will be start disintegrating.

    Mykare – Founder

    Semu Sam - Mykare Founder
    Semu Sam – Mykare Founder

    Mykare has been founded by Mr. Senu Sam, Mr Rahmathulla, and Mr Joash. Senu Sam is the key founder and CEO of Mykare. Mr Rahmathulla serves as CTO and Mr Joash is the CPO of the company.

    The founding team is from Sales, Tech and Product/ Ops background. This diversity is the key for the senior leadership. The team focus on individual strength area and coordinate each other.

    Mykare has started with 2 people and now it has a team size of 22 people.

    One of the main culture they are building is the family atmosphere. They also make sure high respect and value to every human being who comes along.

    Mykare – Idea & Startup Story

    Senu Sam got the idea to develop Mykare when his father was hospitalised to a small hospital in his native town for surgery, and he flew down to coordinate the entire process. When he put himself in the shoes of an ordinary patient, he saw the entire process develop from a different angle. This made him question how his father was one of numerous people around the country who were waiting in the hospital with no idea what they were going through. This is when he realised there was a need for an end-to-end technical platform experience with tailored and standardised treatment for patients seeking low-cost surgical care.


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    Mykare logo
    Mykare logo

    The name Mykare health has been chosen to make sure to get closer to every common man.

    Mykare – Products & Service

    75% of India’s population lives in Tier 2 or Tier 3 cities, whereas 80% of doctors and healthcare facilities are present in Tier 1 cities; as a result, a large number of patients go from tier 2 and 3 cities to tier 1 cities for better treatment. Mykare help these patients in finding out the most affordable treatment along with travelling, accommodation, and aftercare.

    Mykare has tied up with under utilized small & medium hospitals in India. It enables partner hospitals with technology, patient access, and branding. The brand utilises the underutilized facilities & their senior surgeons for the procedure.

    MyKare operates with four facilities in Chennai and plans to expand its services in the whole South Indian region including Tamil Nadu, Karnataka, Kerala, Telangana, Andhra Pradesh, and Maharashtra.

    Mykare – Business model

    Mykare works on revenue share model with the service providers.

    Mykare – Customer Acquisition after Startup Launch

    Due to the population of India, it’s a country with a lot of demand for affordable healthcare. Connecting these patients to the right affordable centre is the first challenges in the demand side. Mykare started developing POC centres in every city through which they onboard the patients. On the other hand, Supply facilities are available and underutilized.

    Like any other startup journey they have tried out a lot of options. Their initial focus was only on a market place model, however they came across many situations where the experience for the patient who has to travel has a lot of challenges when they reach the facility. This is the reason they decided to take care of the end to end journey of the patient right from first touch point, on ground and Post Care.


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    Mykare – Challenges Faced

    Maintaining the quality of the patient care and their experience was the big challenge initially. After the learnings, they have deployed out of care teams to make sure this is taken care of.

    Mykare – Growth

    Mykare is operating its business at 4 Domestic and 1 International Locations. They are planning to start 20+ centers and 10 Demand cities. They have been approached by 1500 patients in last 9 months and 420 surgeries were performed. They are growing with 300% YOY revenue growth.

    Mykare – Competitors

    Mykare top competitors are:

    • Pristyn Care
    • Glamyo Health

    Mykare – Future Plans

    Moving forward they are planning to partner with some international companies in healthcare space.

    FAQs

    Who is the founder of Mykare?

    Mykare has been founded by Senu Sam, Rahmathulla, and Joash Philipose.

    When was Mykare founded?

    Mykare was founded in 2020 at Bangalore.

    What is the service offered by Mykare?

    Mykare help patients in finding out the most affordable treatment along with travelling, accommodation, and aftercare.