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  • Top 30 Richest People in Dubai

    Dubai has come to be regarded as a global wealth-making place, hosting a rare amalgam of various strategic positions, visionary and risk-takers of decisions, and an upbeat economy. 

    The tax-haven status and free repatriation of all revenues attract foreign investments, whereas a glorious placement facilitates businesses to operate in over 3 billion markets. The Dubai International Financial Centre (DIFC) offers interstitial assurance to the financial services domain, while the initiatives in AI, Web3, and data analytics foster the necessary innovation. 

    The boom in the real estate sectors, courtesy of Expo 2020 advantages and sustainable development, is ripe with opportunities.

    Here is a list of the top 30 richest people in Dubai.

    1. Pavel Durov
    2. Mohammed Bin Rashid Al Maktoum
    3. Sunil Vaswani 
    4. M.A Yusuffali
    5. Joy Alukkas
    6. Hussain Sajwani
    7. Abdulla Bin Ahmad Al Ghurair
    8. Sunny Varkey
    9. Feroz Allana
    10. Ravi Pillai
    11. Abdulla Al Futtaim
    12. Shamsheer Vayalil
    13. Raghuvinder Kataria
    14. Saket Burman
    15. Philip Day
    16. Divyank Turakhia
    17. Mohammed Khalaf Al Habtoor
    18. Abdulla Al Naboodah
    19. Saeed Bin Butti Al Qebaisi
    20. Azad Moopen
    21. Micky Jagtiani
    22. Saif Al Ghurair
    23. B.R Shetty
    24. Vinod Shantilal Shah Adani
    25. Majid Al Futtaim
    26. Abdullah bin Ahmad Al Ghurair
    27. Thaksin Shinawatra
    28. Abdullah Al Futtaim
    29. Lubna Khalid Ali Qasimi
    30. Bernard Arnault

    Pavel Durov

    Name Pavel Durov
    Position Founder of Telegram
    Net Worth $17.1 billion
    Richest Person in Dubai - Pavel Durov
    Richest Person in Dubai – Pavel Durov

    Pavel Durov, who was born on 10th October 1984 in Russia, an IT entrepreneur, is a person known for founding Telegram. He moved the headquarters of Telegram to Dubai in 2017. He was ranked 120th on the billionaire’s list of Forbes in 2023, with a personal worth of $15.5 billion as of 25th August 2024, and is one of the richest man in Dubai.

    In February 2023, Arabian Business called him the most powerful entrepreneur in Dubai. Durov is a supporter of Internet freedom and uses his platform to speak against laws that impose restrictions. He has citizenship in Russia, Saint Kitts and Nevis, UAE, and France; since 2021. Durov has an impact around the world.

    Mohammed Bin Rashid Al Maktoum

    Name Sheikh Mohammed bin Rashid Al Maktoum
    Position UAE vice president and prime minister
    Net Worth $18 billion
    Richest Person in Dubai - Sheikh Mohammed bin Rashid Al Maktoum
    Richest Person in Dubai – Sheikh Mohammed bin Rashid Al Maktoum

    Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai, and currently the UAE vice president and prime minister, was born on July 15, 1949. He became the ruler of Dubai on January 4, 2006, following the death of his brother Sheikh Maktoum bin Rashid Al Maktoum; the next day, he was appointed vice president of the UAE and approved as prime minister on February 11 and is one of the top 10 richest person in Dubai.

    A billionaire deriving most of his fortune from real estate served mainly within the world of development. Given his blurred line of state and personal assets, his worth is said to be around $14 billion in 2025.

    Sunil Vaswani 

    Name Sunil Vaswani
    Position Chairman of Stallion Group
    Net Worth $1.6 billion
    Richest Person in Dubai - Sunil Vaswani
    Richest Person in Dubai – Sunil Vaswani

    Sunil Vaswani, who was born on July 11, 1963, in Jaipur, India, is one of the Nigerian billionaires of Indian origin. He is also the chairman of Stallion Group, a Dubai-based conglomerate with interests in roads, foods, steel, plastics, and petrochemicals. Stallion Group has grown under his leadership to include outlets in Asia, the United Arab Emirates, and Africa, as well as acting as a representative of international brands and industries such as rice milling and vehicle assembly. He lives in Emirates Hills in Dubai and is of dual nationality, holding both Nigerian and British citizenship. As of February 2025, Forbes estimated his worth at $7.48 billion.

    M.A Yusuffali

    Name M. A. Yusuff Ali
    Position Chairman of Lulu Group International
    Net Worth $5.8 billion
    Richest Person in Dubai - M. A. Yusuff Ali
    Richest Person in Dubai – M. A. Yusuff Ali

    M. A. Yusuff Ali, a businessman who was born on November 15, 1955, in Nattika, Kerala, is now an Indian billionaire and the chairman of Lulu Group International. He moved to Abu Dhabi in 1973 to turn his uncle’s distribution business into a multinational empire: his Lulu Group has over 250 hypermarkets and most malls in the Middle East, Asia, and Europe, making an annual turnover of $ 8.4 billion with the largest Indian diaspora workforce. 

    He was the top Indian businessman in the Arab region according to Forbes Middle East in 2018. By 2025, his net worth will be calculated at about $6.4 billion.

    Joy Alukkas

    Name Joy Alukkas
    Position Chairman Joyalukkas Group
    Net Worth $4.4 billion
    Richest Person in Dubai - Joy Alukkas
    Richest Person in Dubai – Joy Alukkas

    Joy Alukkas, born on September 4, 1956, in Thrissur, Kerala, is chairman of Joyalukkas Group, the largest jewel retail chain. Coming from a family background as a jeweler, he started the brand in the year 2001 and has expanded the brand to more than 160 showrooms in 11 countries. The Middle East remains a stronghold for the brand. His business prides itself before the court of customer service and quality production, while at the same time operating under Joyalukkas Exchange and Joyalukkas Lifestyle Developers. He is a great philanthropist involved in various social service initiatives. He stays in Dubai and keeps building new avenues. As of Feb 2025, Forbes estimated his net worth to be $4.4 billion, thereby making possible checks on him as a key figure in the global jewelry market.

    Hussain Sajwani

    Name Hussain Sajwani
    Position Founder DAMAC Properties
    Net Worth $5.1 billion
    Richest Person in Dubai - Hussain Sajwani
    Richest Person in Dubai – Hussain Sajwani

    Hussain Sajwani, a UAE born back in 1952 or 1953, is the brains of DAMAC Properties, the largest luxury real estate developer across the Middle East. Joining Abu Dhabi Gas Industries in 1981 as a finance officer, Sajwani saw entrepreneurship by launching Global Logistics Services, a catering company, in 1983. He founded DAMAC Properties in 2002 and developed around 27,400 homes under it. According to estimates in August 2024, Sajwani’s net worth is estimated at $5.1 billion. The company has formed partnerships with luxury brands such as Versace, Fendi, and Roberto Cavalli. In 2025, he and Donald Trump announced a $20 billion investment in U.S. data centers.

    Abdulla Bin Ahmad Al Ghurair

    Name Abdulla bin Ahmad Al-Ghurair
    Position Founder of Mashreqbank
    Net Worth $3.9 billion
    Richest Person in Dubai - Abdulla bin Ahmad Al-Ghurair
    Richest Person in Dubai – Abdulla bin Ahmad Al-Ghurair

    Born in or around 1930, Abdulla bin Ahmad Al-Ghurair is an Emirati billionaire who is the founder of Mashreqbank. Although he resigned as chairman in October 2019, he continues to be a board member. He also founded Oman Insurance in 1975, re-branded as Sukoon in 2022, while his construction company was pivotal in the development of Dubai Metro and for the external cladding of Burj Khalifa. Forbes’s real-time calculations on February 12, 2025, pegged his family’s valuation at $4.7 billion, while some report it as $4.9 billion. He has diversified sources of income, with a net worth increment of $911.59 million as of 2023.

    Sunny Varkey

    Name Sunny Varkey
    Position Founder and executive chairman of GEMS Education
    Net Worth $3.8 billion
    Richest Person in Dubai - Sunny Varkey
    Richest Person in Dubai – Sunny Varkey

    Sunny Varkey, born April 9, 1957, in Kerala, India) is a Dubai-based entrepreneur and philanthropist. He is the founder and executive chairman of GEMS Education, the largest private K-12 school operator in the world. He was raised by teacher parents who moved to Dubai in 1959; after spending some time in banking, trading, and health care, he began to develop his family school. The formal establishment of GEMS Education was in 2000, offering varying curricula with a worldwide scope. He is also the chairman of the Varkey Group and has established the Varkey Foundation for improving education across the globe. As of February 2025, his estimated net worth is $4 billion.

    Feroz Allana

    Name Feroz Allana
    Position Founder of the Allana Group
    Net Worth $4.3 billion
    Richest Person in Dubai - Feroz Allana
    Richest Person in Dubai – Feroz Allana

    Feroz Allana is a UAE businessman active since 1975, and he is one of the founders of the Allana Group; the IFFCO Group mammoth conglomerate based in the UAE professing business in consumer products the other. Under his stewardship, IFFCO burgeoned into 38 factories located in 37 countries, producing over $7 billion a year with a workforce of more than 12,500 employees; its products touch consumers in 101 countries across the world. His estimated net worth as of November 2024 is about $4.3 billion, making him one of the foremost business personalities in the UAE.

    Ravi Pillai

    Name Ravi Pillai
    Position Founder and chairman of RP Group
    Net Worth $4.3 billion
    Richest Person in Dubai - Ravi Pillai
    Richest Person in Dubai – Ravi Pillai

    B. Ravi Pillai was born in the year 1953 on the second day of September. An Indian businessman per se, now residing in Dubai, and the founder and chairman of RP Group, the transnational corporate giant that spans businesses from construction, hospitality, steel, and cement to oil and gas. He started up an engineering contracting firm in the Kerala state but later shifted to Saudi Arabia to make a home in 1978 after a labor strike.

    There, he founded Nasser S. Al Hajri Corporation (NSH) which thereafter became the flagship of RP Group. As of 2023, Forbes calculated his net worth at $3.5 billion, pegging him as one of the top business personalities in the Middle East.

    Abdulla Al Futtaim

    Name Abdulla Al Futtaim
    Position Founder of Al-Futtaim Group
    Net Worth $2.6 billion
    Richest Person in Dubai - Abdulla Al Futtaim
    Richest Person in Dubai – Abdulla Al Futtaim

    Abdulla Al Futtaim is an Emirati billionaire businessman, investor, and philanthropist who owns Al-Futtaim Group, a diverse conglomerate engaged in automotive, retail, real estate, financial services, and healthcare. His businesses also include Al-Futtaim Motors, the exclusive distributor of Toyota, Lexus, and Hino in UAE, and the association with Al-Futtaim Trading, Real Estate and Retail arms. In 2000, the Al-Futtaim family separated business interests with Abdulla running the automotive and retail while his late cousin Majid Al Futtaim was given the property development area. Forbes assesses the billionaire’s case to be worth $2.9 billion in February 2025.

    Shamsheer Vayalil

    Name Shamsheer Vayalil Parambath
    Position Founder and chairman of Burjeel Holdings
    Net Worth $2.1 billion
    Richest Person in Dubai - Shamsheer Vayalil Parambath
    Richest Person in Dubai – Shamsheer Vayalil Parambath

    Shamsheer Vayalil Parambath, a radiologist and businessman, was born on January 11, 1977. He is the founder and chairman of Burjeel Holdings, one of the leading healthcare providers in the Middle East. Through his family office, VPS Healthcare, he manages a wide-ranging investment portfolio that includes Burjeel Holdings, RPM, LifePharma, Lakeshore Hospital, Ziva, Keita, and Educare Institute. He is also the vice-chairman and Geschäftsführer of Amanat Holdings.

    Vayalil began his career as a radiologist at Sheikh Khalifa Medical City in Abu Dhabi. In 2007 he opened his first hospital, the LLH Hospital, in Abu Dhabi. In the following twelve years, his company VPS Healthcare would inaugurate 20 hospitals in three countries. Currently, there are over 23 medical centers run by VPS Healthcare, with almost 13,000 employees across the Middle East. Vayalil’s net worth stands at $2.6 billion as of 2023 making him one of the richest man in Dubai.

    Raghuvinder Kataria

    Name Raghuvinder Kataria
    Position Chairperson of Kataria Holdings
    Net worth $ 2.1 billion
    Dubai Richest Man - Raghuvinder Kataria
    Richest Person in Dubai – Raghuvinder Kataria

    Raghuvinder Kataria, a British billionaire businessman born in April 1949 in Jinja, Uganda, has a major interest in telecommunications and real estate. At 16, he moved to London, where he became a chartered accountant and began his career with International Computers Limited (ICL) before assuming the role of European treasurer. He set up Jasmine Telecom in Thailand, which merged with Bharti Enterprises, and received a load of money for a minority stake in Bharti Airtel for approximately $500 million. Apart from being chairperson of Kataria Holdings, based in Dubai, he manages investments focusing on infrastructure and financial services. Forbes reports a net worth of $2.1 billion in February 2025. 

    Saket Burman

    Name Saket Burman
    Position Vice-chairman of Dabur
    Net worth $ 1.4 billion
    Richest Person in Dubai - Saket Burman
    Richest Person in Dubai – Saket Burman

    Saket Burman, the British billionaire businessman, was born in either 1976 or 1977; he is the vice-chairman of Dabur Ltd., a top-end consumer goods company. Upon the death of his father Sidharth Burman in 2015, he inherited a 12.4 percent stake in Dabur. After completing a bachelor’s degree in marketing and finance from the University of Wisconsin-Madison, he rose to senior management positions in the company. He is also a director of Dabur International Ltd., based in Dubai. He leads an international life, having residences in Dubai, London, and Delhi. In 2025, Forbes estimated his net worth to be $1.5 billion, mostly from his stake in Dabur.

    Philip Day

    Name Philip Day
    Position Chairman – Edinburgh Woollen Mill
    Net worth $ 1.2 billion
    Dubai Richest Man - Philip Day
    Richest People in Dubai – Philip Day

    Philip Day is a billionaire businessman from the United Kingdom, born in October 1965, who resides in Dubai and serves as the owner and chief executive officer of The Edinburgh Woollen Mill Group, which includes Peacocks and Bonmarché. He began his career at Coats Viyella and later became Joint Managing Director of Aquascutum. He joined The Edinburgh Woollen Mill in 2001 and led the buyout of that company in 2002. Under his management, the acquisitions of other companies such as Ponden Mill, Rosebys, and Jaeger were carried out by Edinburgh Woollen Mill. Known for turning around ailing retail chains, he bought Peacocks in 2012. Forbes estimates that his net worth is $1.2 billion as of February 2025.

    Divyank Turakhia

    Name Divyank Turakhia
    Position Co-founder of Directi
    Net worth $ 1.8 billion
    Richest People in Dubai - Divyank Turakhia
    Richest People in Dubai – Divyank Turakhia

    Divyank Turakhia, one of the billionaires in Dubai was born on January 29, 1982. He is an entrepreneur and investor of Indian origin, working extensively in technology and advertising. At 18, he co-founded Directi with brother Bhavin, who later founded multiple successful ventures, including Media.net, sold in 2016 for $900 million—one of the largest-ever ad-tech deals. Dubbed one of the youngest billionaires, he loves learning, flying, and scuba diving and splits his time between Dubai, Los Angeles, London, and San Francisco. According to Forbes, he has a projected net worth of $1.8 billion as of February 2025, signifying his imprint on the tech sector as an innovative entrepreneur and vision-driven investor.

    Mohammed Khalaf Al Habtoor

    Name Mohammed Khalaf Al Habtoor
    Position Chairman and CEO of Al Habtoor Group
    Net worth $ 1.5 billion
    Richest People in Dubai - Mohammed Khalaf Al Habtoor
    Richest People in Dubai – Mohammed Khalaf Al Habtoor

    Mohammed Khalaf Al Habtoor, one of the billionaires in Dubai was born on September 30, 1968. He is Vice Chairman and CEO of Al Habtoor Group, one of the leading Emirati conglomerates involved in hospitality, automotive, real estate, and education. Son of the founder Khalaf Al Habtoor, Mohammed Khalaf received a degree in Hotel and Restaurant Management and played a crucial role in almost all major developments in Dubai, including Al Habtoor City and Waldorf Astoria Dubai Palm Jumeirah. Based out of Dubai, he deals with a myriad of activities involving all the different business ventures of the group as well as their philanthropic undertakings. Forbes estimates their worth at $1.5 billion as of February 2025, which underscores his influence within the UAE corporate landscape.

    Abdulla Al Naboodah

    Name Abdullah Al Naboodah
    Position Chairman of the Saied and Mohammed Al Naboodah Group
    Net worth $ 1.5 billion
    Richest People in Dubai - Abdullah Al Naboodah
    Richest People in Dubai – Abdullah Al Naboodah

    Abdullah Al Naboodah is an eminent Emirati businessman and chairman of the Saied and Mohammed Al Naboodah Group, a major Dubai-based conglomerate having diverse interests in realms including construction, real estate, automotive, and investment. Starting humbly as a management trainee in 1978, he grew and led the group through major developments and into involvement with big projects throughout the UAE. Besides his industrial ventures, he has made tremendous contributions to sports in the UAE, serving since 2010 as the chairman of Al Ahli Club and Al Ahli Football Company. Forbes estimates that in February 2025, he had a net worth of $1.5 billion and he is one of the richest men in Dubai.

    Saeed Bin Butti Al Qebaisi

    Name Abdullah Al Naboodah
    Position Chairman of the Saied and Mohammed Al Naboodah Group
    Net worth $ 1.5 billion
    Dubai Richest Man - Saeed Bin Butti Al Qebaisi
    Richest People in Dubai – Saeed Bin Butti Al Qebaisi

    Saeed Bin Butti Al Qebaisi is a famous Emirati businessman and chairman of Centurion Investments, a private equity firm in Abu Dhabi. With a diverse range of interests spanning healthcare, money exchange, and retail, he has been director of the boards of NMC Health Plc and Tasameem Real Estate Co. LLC. His leadership has helped many sectors of growth in the UAE. Based out of Abu Dhabi, he constantly oversees his investments and businesses. Forbes estimates his net worth at $1.2 billion in February 2025, establishing him as a highly influential person on the Emirati business scene.

    Azad Moopen

    Name Azad Moopen
    Position Founder of Aster DM Healthcare
    Net worth $ 1.1 billion
    Richest People in Dubai - Azad Moopen
    Richest People in Dubai – Azad Moopen

    Azad Moopen, born on July 28, 1953, hails from Kalpakanchery, Kerala, India. He is a prominent healthcare entrepreneur and is behind Aster DM Healthcare. After being a medical lecturer, he traveled to Dubai in 1987 to establish Aster DM Healthcare, the country that now runs over 697 hospitals, clinics, and pharmacies in seven countries. Through the Aster DM Foundation, Moopen is known for being dedicated to affordable and high-quality healthcare and various philanthropic initiatives. The Padma Shri Award was given to him in 2011 as a recognition of his accomplishments. As of February 2025, he has an estimated net worth of 1.1 billion USD, according to Forbes, and resides in Dubai.

    Micky Jagtiani

    Name Micky Jagtiani
    Position Chairman of Landmark Group
    Net Worth $3 billion
    Dubai Richest Man - Micky Jagtiani 
    Richest People in Dubai – Micky Jagtiani 

    Mukesh Wadhumal Jagtiani aka Micky Jagtiani is one of the top billionaire businessmen in Dubai. He was born in India and has an established UAE based business. He is the owner and chairman of Landmark Group, based in Dubai.

    Micky Jagtiani is known for its remarkable Landmark retail stores. His business provides livelihood to more than 45000 people. There are more than 1000 stores of Landmark Group across the Middle East, Persian Gulf region and India.

    Saif Al Ghurair

    Name Saif Al Ghurair
    Position Al Ghurair Group
    Net Worth $1.7 billion
    Richest People in Dubai - Saif Al Ghurair
    Richest People in Dubai – Saif Al Ghurair

    Saif Al Ghurair is the chairman and head of the largest manufacturing and real estate companies in the Emirate, The Al Ghurair Group.

    He is known for his tremendous investments that always bring profitable results. He has received his prosperity and wealth by investing in Mashreq, which is known as the oldest private bank in the United Arab Emirates.

    B.R Shetty

    Name B.R Shetty
    Position Chairman, NMC Health and Finablr
    Net Worth $3.15 billion
    Richest People in Dubai - B.R Shetty
    Richest People in Dubai – B.R Shetty

    Bavaguthu Raghuram Shetty, one of the billionaires in Dubai is the founder, and acquirer of the United Arab Emirates companies accommodating Abu-Dhabi-based NMC Health, BRS Ventures, Neopharma, and Finablr. B.R. Shetty is an Indian-born businessman who is counted among the top businessmen in Dubai. Also, ranked as the 42nd richest person in 2020.

    B.R. Shetty began his career with his interest in hospitals and hospitality. He then expanded into the financial services, advertising, pharmaceuticals, information technology, and retail business.

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    Vinod Shantilal Shah Adani

    Name Vinod Shantilal Shah Adani
    Position Chairman of Adani Group
    Net Worth $8.9 billion
    Richest People in Dubai - Vinod Shantilal Shah Adani
    Richest People in Dubai – Vinod Shantilal Shah Adani

    The Indian businessman and head of Adani Group of Industries, Vinod Shantilal Shah Adani is the director of Trident Trade and Investment Private Ltd, Radiant Trade and Investment Private Ltd, Adani Power Pte Ltd, Venture Trade and Investment Private Ltd, Pride Trade and Investment Private Ltd, Adani Power (Overseas) Limited, Adani Global Limited, Adani Global FZE, Adani Enterprises Ltd, and Adani Bunkering Pte. Ltd.

    Vinod Shantilal Shah Adani is the elder brother of Gautam Adani. Since 2016, the Adani Group has kept lowkey from the media reports because of the major issue of the offshore entities in the Panama Papers.

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    Majid Al Futtaim

    Name Majid Al Futtaim
    Position Chairman, Majid Al Futtaim Holding (MAF)
    Net Worth $6.1 billion
    Dubai Richest Person - Majid Al Futtaim
    Richest People in Dubai – Majid Al Futtaim

    The richest-ranked person in Dubai, Majid Al Futtaim is the chairman of the Majid Al Futtaim Holding (MAF), the entertainment and retail conglomerate. It originated in 1992 and soon grew into one of the largest companies in the UAE. Today, it includes more than 120 stores around North Africa, the Central Asia region, and the Middle East.

    Majid Al Futtaim Holdings’ turnover is around US$8.8 billion in revenue and made a profit in 2017 of up to US$600 million. It owns the exclusive rights to manage the franchises of All Saints, Carrefour, Abercrombie & Fitch, and Lululemon Athletica.

    Abdullah bin Ahmad Al Ghurair

    Name Abdullah bin Ahmad Al Ghurair
    Position Chairman, Mashreqbank
    Net Worth $4.9 billion
    Richest People in Dubai - Abdullah bin Ahmad Al Ghurair
    Richest People in Dubai – Abdullah bin Ahmad Al Ghurair

    Abdullah bin Ahmad Al Ghurair is the founder of one of the leading banks in the United Arab Emirates, Mashreqbank. His wealth can be easily estimated by the standard of the bank. He acts as the chairman meanwhile his son, Abdul Aziz holds the position of CEO.

    Moreover, Abdullah bin Ahmad Al Ghurair holds many eponymous companies and mammoth corporations with an interest of real estate and food construction.

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    Thaksin Shinawatra

    Name Thaksin Shinawatra
    Position Founder, Advanced Info Services and Shin Corporation
    Net Worth $1.8 billion
    Dubai Richest Person - Thaksin Shinawatra
    Richest People in Dubai – Thaksin Shinawatra

    Thaksin Shinawatra is a Thai businessman who is also a well-known politician and visiting professor. He served Thai in the Department of Thai Police for 14 years (1973-1987). Then he was elected as the Prime Minister of Thailand for 5 years (2001-2006). But, with the abundance of power, in 2008 he was found guilty of corruption. That’s why now he is living in self-exile.

    Thaksin Shinawatra is the founder of Advanced Info Service which is a mobile phone operator company and the Shin Corporation which is an IT and telecommunications alliance-based company. This made him on the list of the richest people in Thailand.

    Abdullah Al Futtaim

    Name Abdullah Al Futtaim
    Position Al-Futtaim Group
    Net Worth $2.1 billion
    Richest People in Dubai - Abdullah Al Futtaim
    Richest People in Dubai – Abdullah Al Futtaim

    The Emirati billionaire who is the fellow cousin of Majid Al Futtaim and owner of the Al-Futtaim Group, Abdullah Al Futtaim is counted as one of the richest men in Dubai.

    Abdullah Al Futtaim owns the nationality of Emirati with a net worth of 2.1 US billion dollars. He specialized in the field of retail and real estate, and operations in the automotive industry. Abdullah Al Futtaim is the CEO of Al-Futtaim Private Company LLC.

    Lubna Khalid Ali Qasimi

    Name Lubna Khalid Ali Qasimi
    Position Leader, Emirati Party and Member of Sharjah
    Net Worth $1-5 billion
    Richest People in Dubai - Lubna Khalid Ali Qasimi
    Richest People in Dubai – Lubna Khalid Ali Qasimi

    The Emirati Politician and member of the ruling family of Sharjah, Lubna Khalid Ali Qasimi is one of the most powerful women in the world. Previously, she has served as the Minister of State for Tolerance, Minister of Economics and Planning of the United Arab Emirates, and Minister of State for International Cooperation. Lubna Khalid Ali Qasimi is the first woman ever to serve as a minister in the United Arab Emirates.

    She has graduated from the California State University, Chico with a bachelor’s in Computer Science. She completed her Executive MBA from the American University of Sharjah.

    In the listing of 2017 by Forbes, Lubna Khalid Ali Qasimi is the 36th most popular woman in the world. She won the ITP Best Personal Achievement Award in 2000. Moreover, she was honored as the Dame Commander of the Most Excellent Order of the British Empire in the year 2013.

    Bernard Arnault

    Name Bernard Arnault
    Position Chairman – LVMH and Christian Dior SE
    Net Worth $192 billion
    Bernard Jean Étienne Arnault
    Bernard Arnault

    Bernard Jean Étienne Arnault, the French Billionaire businessman, investor and art collector, is the chief executive and chairman of LVMB Moët Hennessy – Louis Vuitton SE which is the largest luxury goods company around the world.

    Bernard Arnault is counted among the top billionaires in the UAE. According to Forbes, Bernard Arnault is the wealthiest man in the world. His estimated net worth is around US$192 billion.

    Conclusion

    Dubai is one of the most popular cities in the world and one of the major cities of the United Arab Emirates (UAE). The city has one of the highest percentages of people with top-notch wealth. Most of the billionaires of Dubai are listed as the top billionaires of the world. Dubai is the largest city in the UAE which is known as the hub of business and culture. Dubai is the home to tons of famous and rich, wealthy people in the world.

    Dubai is a very busy port thronging with billionaires. Businessmen and women from different professions like information technology, real estate, retail, and healthcare are paying a visit now and then to Dubai. Here is Pavel Durov, founder of Telegram, 2025, who stood with a net worth of $15.5 billion. Wealth is derailed and sways with market changes. The durability of the structure good location and friendliness combined are the ones that made this city never parched for high network people. 

    FAQs

    Who is the richest person in Dubai?

    Dubai billionaires own some of the most luxurious properties and businesses in the world. Pavel Durov is the richest man in the UAE and the youngest self-made billionaire in the region in 2021. He was named the richest UAE resident in 2021 by Forbes magazine with a wealth of $17.2 billion.

    Who is the richest woman in Dubai?

    Huda Kattan is known as the richest woman in Dubai. She is an American makeup artist, beauty blogger, and entrepreneur and is also the founder of the cosmetics line Huda Beauty.

    Who is Dubai’s richest kid?

    Rashid Belhassa is the richest kid in Dubai.

    Who are the top 10 richest people in Dubai?

    Here are the top 10 richest people in Dubai:

    • Sunny Varkey
    • Micket Jagtiani
    • M.A Yusuff Ali
    • Modhammed Khalaf Al Habtoo
    • Saif Al Ghurair
    • B.R Shetty
    • Shamsheer Vayalil
    • Saket Burman
    • Philip Day
    • Divyan Turakhia

    What are the best businesses in Dubai for Indians?

    Some of the best businesses in Dubai for Indians are associated with:

    • E-Commerce
    • Healthcare
    • Construction
    • Beauty
    • Travel and Tourism
    • Real Estate Agency
    • Handyman Business
    • Consultancy Service

    Is Dubai the richest city in the world?

    Dubai is one of the richest cities in the world, however, Abu Dhabi, the capital of UAE is the richest city in the world.

  • Tata 1mg Startup Story: An Online Drug Delivery Platform

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations.

    An online pharmacy internet pharmacy, or mail-order pharmacy is a pharmacy that operates over the Internet and sends orders to customers through mail, shipping companies, or online pharmacy web portals. 1mg is a digital consumer healthcare platform, or an online pharmacy center, that makes healthcare accessible, understandable, and affordable.

    1mg was launched in April 2015 after Healthkart separated its generic drug search business, HealthkartPlus, and rebranded it as 1mg. It allows users to find information about medicines prescribed by doctors and also buy it online. Users can find medicines by ailments, class, companies, and brands.

    Let’s go through Tata 1mg’s Startup Story and get a glance at Tata 1mg funding, business model, company profile, turnover, growth, revenue model, founders & more.

    1mg – Company Highlights

    Startup Name Tata 1mg
    Headquarters Gurugram, Haryana, India
    Industry Healthcare
    Founded 2013
    Founders Prashant Tandon, Gaurav Agarwal, Vikas Chauhan
    CEO Prashant Tandon
    Area Served India
    Website www.1mg.com

    About Tata 1mg and How it Works?
    Tata 1mg – Logo and its Meaning
    Tata 1mg – Founder and History
    Tata 1mg – Mission
    Tata 1mg – Business Model
    Tata 1mg – Revenue and Growth
    Tata 1mg – Funding and Investors
    Tata 1mg – Acquisitions
    Tata 1mg – Competitors
    Tata 1mg – Awards and Recognitions
    Tata 1mg – Challenges Faced
    Tata 1mg – Future Plans

    Tata 1mg – About and How it Works?

    Tata 1mg is a developer of an online drug delivery platform intended to make healthcare accessible, understandable, and affordable.

    The company delivers medicines and health products online along with lab test booking, online consultations, and authentic information from healthcare professionals, thereby enabling customers to meet all their healthcare needs in one platform hassle-free.

    1mg.com brings to us, an online platform, which can be assessed for all our health needs. With AI being hailed as the technology of the future, every startup is trying to adapt it in some capacity to streamline and optimize their offerings. Tata 1mg recently started offering a feature, ‘Ask a Doctor,’ which is an intuitive chatbot that asks questions to accurately identify what the problem may be and shows the medicinal specializations under which the ailment may fall. Users can choose from one of them and a doctor, who can diagnose the problem via chat, is assigned to you.

    Tata Digital, a subsidiary of Tata Sons Private Ltd. acquired a major stake in 1mg to further widen the former’s digital offerings on June 10, 2021. Though the amount is still not disclosed by the source, the total valuation of 1mg was $400 million.

    Tata 1mg had the highest number of downloads (184.2K) among telemedicine startups during Jan 1-Feb 10, 2021, as per AppTweak data. It has invested in expanding its cold chain and in contact with vaccine makers for partnerships to participate in COVID-19 vaccination (when the government allows the private sector to get in)

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    Tata 1mg – Logo and its Meaning

    Tata 1mg is all about medicines and the basic unit for a medicine’s strength is measured in milligrams (mg). And to top it all, 1 MG Road was where the company’s first office was located.

    Tata 1mg Logo
    Tata 1mg Logo

    Tata 1mg – Founder and History

    Gurugram-headquartered e-pharmacy startup Tata 1mg (earlier as HealthKartPlus) was founded by Prashant Tandon, Gaurav Agarwal, and Vikas Chauhan in 2013.

    Founders of 1mg - Gaurav Agarwal, Vikas Chauhan, and Prashant Tandon
    Tata 1mg Founders – Gaurav Agarwal, Vikas Chauhan, and Prashant Tandon

    The website was started as HealthKartPlus, a platform for users to have all the information about the medicines. The platform became so popular and got a huge response from the public and users asked the company to start the delivery of the medicines too. Thus, Tata 1mg was started.

    Tata 1mg was launched in April 2015 after Healthkart separated its generic drug search business, HealthkartPlus, and rebranded it as 1mg. The company has three business verticals — Pharmaceuticals, Labs, and Doctors.

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    Tata 1mg – Mission

    The company’s mission is to make healthcare accessible, understandable, and affordable for one billion Indians through a comprehensive website and mobile app. Tata 1mg enables consumers to learn more about their medicines in addition to finding more cost-effective substitutes.

    Tata 1mg – Business Model

    Tata 1mg provides services like diagnostics, medicine, preventive healthcare, and online Q&A to its users. Apart from this, they also have native ads on their platforms for pharma companies. In the past year, The company has expanded its pharmacies to 600 cities and also expanded its product range to include homeopathy and Ayurveda range.

    The company used its app to spread information on medicines. They are using push notifications and emails to expand and let people know that they are living in their city. The company also uses offline advertisements depending on the city. They use newspaper advertisements and health camps to spread information. However, a majority of their marketing is digital.

    Tata 1mg makes money with online diagnostics and lab testing services. These account for a majority of their annual revenues. Online medicine delivery, B2B healthcare solutions, and subscription-based care plans form up the rest of their yearly finances.

    Tata 1mg – Revenue and Growth

    Tata 1mg Financials 2023 2024
    Operating Revenue INR 1627 crore INR 1968 crore
    Total Expenses INR 2894 crore INR 2303 crore
    Profit/Loss INR -1255 crore INR -313 crore
    1mg Financials FY24
    Tata 1mg Financials FY24

    In FY24, Tata 1mg’s operating revenue increased by approximately 21%, rising from INR 1627 crore in FY23 to INR 1968 crore. Total expenses decreased by about 20%, dropping from INR 2894 crore to INR 2303 crore. As a result, losses reduced significantly by nearly 75%, improving from INR 1255 crore to INR 313 crore.

    EBITDA

    FY23 FY24
    EBITDA Margin -71.66% -10.85%
    Expense/₹ of Op Revenue ₹1.78 ₹1.17
    ROCE -341.99 NA

    Tata 1mg saw strong and steady growth in FY23 without spending too much cash. FY23 was also its first full year under Tata Digital.

    1mg’s operating revenue jumped 2.5 times to INR 1,627 crore in FY23, up from INR 627 crore in FY22, as per its financial reports. Earlier, in FY22, the company had nearly doubled its revenue from INR 309 crore in FY21.

    As per regulatory filings, Tata 1mg’s total revenue was INR 369.3 crore in FY20, which is over a 77% jump from the company’s revenue which stood at INR 209.1 crore in FY19.

    Selling medicines online hasn’t been all easy as this space witnessed regulatory challenges back in 2019. While the Delhi High Court had ordered all state governments to ban the online sale of medicines in January last year, the central drug regulator had asked states to enforce a court directive prohibiting online medicine sales this month.

    Amidst this regulatory uncertainty, Gurugram-based Tata 1mg has demonstrated decent growth with a 2.8X jump in operating revenue. Registering 180% growth, it has posted a total operating revenue of INR 240.85 crore.

    The company collected Rs 39.45 crore from offering marketplace services and INR 68.3 crore through online diagnostics and lab testing services in the year ending March 2019. It also made INR 67.8 lakhs from collection charges.

    Importantly, the overall revenue from services grew 90.2% from INR 41.8 crores in FY18 to INR 79.5 crores in FY19. All services together accounted for a little over one-third of the total revenues generated by Tata 1mg during last fiscal in 2019.

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    Tata 1mg – Funding and Investors

    Tata 1mg has raised a total of $230.8 million in funding over 16 rounds. Their latest funding was raised on Sep 6, 2022 from a Corporate Round led by Tata Digital. This funding round made Tata 1mg a unicorn as the company was valued $1.25 and $1.30 billion after raising $40 million in funding. Tata 1mg is funded by 10 lead investors. Tata Digital is the most recent investor.

    Tata 1mg funding details are as follows –

    Date Round Amount Lead Investors
    September 6, 2022 Corporate Round $40M Tata Digital
    April 19, 2021 Debt Financing $13.3M Tata Group
    Jul 3, 2020 Debt Financing $17.8M –
    Jan 31, 2020 Venture Round $9.48M Bill & Melinda Gates Foundation
    Jun 28, 2019 Series D $70M Corisol Holding AG, International Finance Corporation
    Apr 5, 2019 Series D $10.3M Redwood Global Healthcare Fund
    Jan 1, 2019 Venture Round – InnoVen Capital
    Mar 1, 2018 Series C $10.1M Maverick Ventures
    Jul 26, 2017 Series C $15M HBM Healthcare Investments AG
    Jul 1, 2017 Series C $12.2M –
    Jun 30, 2017 Venture Round $10M HBM Healthcare Investments AG, Sequoia Capital India
    May 31, 2016 Venture Round – HBM Healthcare Investments AG
    April, 2021 Debt Financing $13.35M Tata Digital

    Tata 1mg – Acquisitions

    Tata 1mg has acquired 3 organizations. Their most recent acquisition was Dawailelo on Sep 1, 2017.

    Acquiree Name Date Amount About Acquiree
    Dawailelo Sep 1, 2017 – Dawailelo is a Varanasi-based healthcare startup that helps people connect with medical stores
    MediAngels Dec 14, 2016 – MediAngels delivers healthcare globally
    Medd.in July 5, 2016 – Medd.in is an online platform to book diagnostic and imaging tests

    Tata 1mg – Competitors

    Tata 1mg’s top competitors are Netmeds, Practo, Medlife, PharmEasy, Metarain Distributors Private Limited, HealthKart, CareOnGo, mChemist and BookMEDS.

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    Tata 1mg – Awards and Recognitions

    In 2014, just a year after they started off, Tata 1mg won the m-billionth award for m-health in South Asia. They were also recognized as the most promising healthcare startup by News Corp VCCircle. In 2016, Tata 1mg was acknowledged as the Best App in the medical category by Gmasa.

    They also won the award for the best online pharmacy in India at the International Quality Awards. They achieved the title ‘New Kid on the Block’ at the NDTV Unicorn Awards in the same year.

    Tata 1mg was recognized as one of the Top 50 ventures in the Smart CEO-Startup50 India 2017 program. By the year 2017, the company had grown by 600% in terms of the success of the Tata 1mg app and user engagement. They expanded their product range to encompass Ayurvedic medicines and homeopathy.

    Within the years 2016 and 2017, the company had raised 37 million dollars through 5 rounds of funding. In 2018, Tata 1mg won the BML Munjal Award for ‘Business Excellence through Learning and Development’. During the Content Leadership Awards in 2018, they won the title ‘Best Content in a Healthcare/Fitness App’. Tata 1mg was also recognized as the ‘Best Mobile Innovation for Health award ‘ at the India Mobile Congress.

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    Tata 1mg – Challenges Faced

    1mg was initially started as HealthKartPlus, a platform that aggregated medical information and sold alternative medicine to its users. The platform caught up quickly with the users and soon the users began asking for delivery of medicines to be included as well. At a time when information and awareness about medicines and lab tests were either minimal or non-existent, 1mg aimed to change it.

    Tata 1mg has a system in place where they onboard vendors onto the platform if they meet certain requirements like computerized inventory and invoicing, which makes end-to-end tracking easier for the customer. The startup can generate business even after strict government compliances which banned online pharmacies by making a prescription mandatory to make a purchase.

    Tata 1mg – Future Plans

    Aggressively moving towards its expansion plans, Tata 1mg has decided to expand the scope of its platform and is entering the alternate medicine space (AYUSH categories) through the acquisition of Homeobuy.com. Homeobuy is a web platform for homeopathy medicines.

    With this acquisition, Tata 1mg will re-brand the website to www.1mgAyush.com and make homeopathic & ayurvedic medicines available to customers in New Delhi. The Indian government has also been actively supporting and developing the AYUSH categories, as a strong system of medicine that has evolved over a long period of time.

    After Tata Digital’s acquisition of the majority stakes in Tata 1mg, the company announced that they are looking forward to promising 60-minute deliveries in selected locations around the country. Tata 1mg is known for 4-5 hour deliveries in a bunch of locations, which will also be extended to other locations as well.

    “We are the platform that stands for consumer health and we believe the alternate forms of medicines are equally important. Having seen the importance of these alternative forms of medicines and our government’s support in promoting them, we aim at creating an exhaustive platform for all health solutions. The business will continue to work on a marketplace network model and partner with quality vendors in this sector,” said Prashant Tandon.

    FAQs

    What is 1mg?

    1mg is a digital consumer healthcare platform that makes healthcare accessible, understandable, and affordable. It allows users to find information about medicines prescribed by doctors and also buy them. Users can find drugs by ailments, class, companies, and brands.

    Who is Tata 1mg founder?

    Prashant Tandon, Gaurav Agarwal, and Vikas Chauhan are the founders of 1 mg company.

    Who is the CEO of 1mg?

    Prashant Tandon is the CEO & Co-Founder at 1mg.

    How does 1mg make money?

    1mg makes money with online diagnostics and lab testing services. These account for a majority of their annual revenues. Online medicine delivery, B2B healthcare solutions, and subscription-based care plans form up the rest of their yearly finances.

    Is 1mg an Indian company?

    Yes, 1mg is India’s leading consumer health platform.

    How do you order medication 1mg?

    You can send the list of medicines, your full address, contact number, and valid prescription to order@1mg.com.

    Does Tata 1mg provides franchise opportunity?

    Tata 1mg provides a franchise model, enabling individuals to partner with the brand and open their own 1mg store.

  • Athelas: Bringing Life-Changing Healthcare Products Worldwide

    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 Athelas.

    When patients visit a healthcare facility, their primary aim is to get diagnosed, become well, and go home as soon as possible. Even increasing disease burden and rising healthcare costs in the United States have already led to the emergence of healthcare at-home services.

    The Covid-19 pandemic has also shown people that home healthcare has to be a thing and is much better in several ways than the traditional care model. Athelas is one of the most prominent startups that has made it possible for the world to access healthcare facilities at home.

    This article will tell you everything about Athelas- its founders, startup story, funding, products, business and revenue model, growth, and more.

    Athelas – Company Highlights

    Company Name Athelas
    Headquarters Mountain View, California, United States
    Sector Biotechnology
    Founders Tanay Tandon and Deepika Bodapati
    Founded In 2016
    Valuation $1.5 billion(2022)
    Website Athelas.com

    Athelas – About
    Athelas – Industry
    Athelas – Founders and Team
    Athelas – Startup Story
    Athelas – Mission and Vision
    Athelas – Logo and Tagline
    Athelas – Business Model
    Athelas – Revenue Model
    Athelas – Products and Services
    Athelas – Challenges Faced
    Athelas – Funding and Investors
    Athelas – Growth
    Athelas – Partners
    Athelas – Competitors

    Athelas – About

    Athelas is a developer of remote patient monitoring technology. The team of technologists build the medical products’ next generation at the intersection of hardware and software. Athelas brings world-class tools of hospitals to patients’ homes. It develops blood testing devices that use deep learning and computer vision.

    Moreover, thousands of healthcare organizations utilize Athelas software for medical billing, launching telehealth programs, and providing better patient care. More than 50,000 patients in the US trust the company.

    Athelas – Industry

    Athelas is running a business in the Biotechnology industry. Biotechnology is a branch of science that involves researching and developing products by using biological systems, living creatures, or elements out of them. Biochemistry, genetics, and molecular biology are some fields in biotechnology.

    The global market size of the biotechnology market was valued at $859.94 billion in 2022 and is projected to grow to $1,683.52 billion by 2030, with a CAGR of 8.7% during 2023-2030. The Covid-19 pandemic has positively influenced the growth of the biotechnology market by increasing opportunities and advancements for drug development and manufacturing vaccines for the disease.

    Biotechnology Market Size
    Biotechnology Market Size

    In addition to Athelas, some key players in the global biotechnology industry are AstraZeneca, Sanofi, Gilead Sciences, Inc., Amgen Inc., Abbot Laboratories, and more.

    Athelas – Founders and Team

    Tanay Tandon and Deepika Bodapati are the founders of Athelas.

    Tanay Tandon

    Tanay Tandon attended Stanford University to graduate in Computer Science. He has worked as a Developer at Clipped.me and Software Engineer at Wit.ai.

    Moreover, he is MetaMind’s ex-Researcher and worked as Researcher in Stanford University’s AI Department. Currently, Tanay is the Co-Founder and CEO at Athelas.

    Tanay Tandon - Co-founder and CEO, Athelas
    Tanay Tandon – Co-founder and CEO, Athelas

    Deepika Bodapati

    Deepika Bodapati earned a degree in molecular biology from the University of Cincinnati. She has been an ex-Researcher at NASA Ames Research Center and Stanford University, Multimodality Molecular Imaging LAB (MMIL). Now, she is the Co-Founder of Athelas.

    Deepika Bodapati - Co-founder, Athelas
    Deepika Bodapati – Co-founder, Athelas

    Athelas currently employs more than 210 employees.

    Athelas – Startup Story

    Athelas was founded by Tanay Tandon and Deepika Bodapati in 2016. When they attended Y Combinator the same year, they came across a handful of potential competitors, but none had conducted a clinical trial yet. Tanay and Deepika knew this was the opportunity to stand out to potential partners, customers, and collaborators.

    They knew there would be no company without a trial. Therefore, in 2016, they conducted their first clinical trial for Athelas One at the hospital in Juarez, Mexico, and the hospital instantly saw the value in the device. While testing the device on patients, Tanay and Deepika found that one patient has leukemia after seeing the test results. And hospital took another three weeks to confirm the patient’s leukemia diagnosis.

    During that period, Tanay and Deepika thought that what if all these tests could be done within a few minutes using cheap medical products? That’s when it clicked, and Athelas is continuing its operation with the same idea.

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    Athelas – Mission and Vision

    Athelas aims to bring simple, life-changing healthcare products to people around the world. The company envisions bringing world-class healthcare tools to individuals’ homes.

    Athelas – Logo and Tagline

    Athelas has an attractive tagline reflecting its mission and vision, i.e., “The Future of Healthcare is at the Home.”

    Athelas – Business Model

    Athelas make billing and reimbursement easier for healthcare organizations. The company’s Revenue Cycle Management (RCM) delivers high-quality service, maximizes reimbursements, and equips hospitals with actionable insights into their financial health.

    Moreover, Athelas provides affordable medical testing devices to healthcare providers enabling them to monitor patients’ vitals, such as weight, blood pressure, and blood glucose, without letting patients enter a clinic. It helps improve patient health and engagement while reducing hospitalizations.

    Test Drive Insights | Athelas Revenue Cycle Management

    Athelas – Revenue Model

    Instead of selling its medical devices directly to consumers, Athelas distributes them via healthcare providers. The company charges a subscription for each medical device when sent to the patient’s home.

    Athelas – Products and Services

    The company’s products include Athelas Home, Doctor App, Scribe, Pill Track, Care Management, Revenue Cycle Management, and EHR integration. In addition, it offers a Blood Pressure Monitor, Glucometer, and Weight Scale.

    Athelas – Challenges Faced

    Athelas’s first set of progress was slow. The college workload at Stanford and the increasing costs of hardware iterations made it difficult for the co-founders to operate with the iteration speeds that a normal product needs.

    Athelas – Funding and Investors

    Athelas raised a total of $150.1 million over 4 funding rounds. Its latest funding round – Venture Series Unknown Round, was conducted on January 31, 2021, and secured $59.4 million. 19 investors back the company; the main ones are Sequoia Capital, Fifty Years General Catalyst, and Tribe Capital.

    Date Round Number of Investors Money Raised Lead Investor
    January 31, 2021 Venture Round 7 $59.4 million Tribe Capital
    August 10, 2020 Series B 2 $72 million General Catalyst
    February 1, 2019 Series A 2 $15 million Georges Harik
    August 28, 2017 Seed Round 14 $3.7 million Sequoia Capital

    Athelas – Growth

    Athelas’ monthly active users increased from 2,000 in 2021 to 20,000 in 2022. The company’s estimated annual revenue was $47.7 million per year ($235,953 revenue per employee), with its valuation in January 2022 as $1.5 billion. Furthermore, Athelas’s employee count increased by 38% last year, and the monthly web visits growth rate is -33.49%, with 66,260 monthly visits.

    Athelas – Partners

    Athelas has partnered with many hospitals, clinic groups, physicians, home healthcare agencies, and accountable care organizations. Some of its partners are as follows:

    • Horizon Family Medical Group
    • Providers For Healthy Living
    • Elohim’s Glory House Calls

    Athelas – Competitors

    Below listed are the main competitors of Athelas:

    • HBox
    • Taaso
    • Entia
    • MD Revolution
    • MicroX Labs
    • Longevica
    • YourBio Health
    • ArcDia

    FAQs

    What does Athelas do?

    Athelas is a developer of remote patient monitoring technology. The team of technologists build the medical products’ next generation at the intersection of hardware and software. Athelas brings world-class tools of hospitals to patients’ homes. It develops blood testing devices that use deep learning and computer vision.

    Who are the founders of Athelas?

    Tanay Tandon and Deepika Bodapati are the founders of Athelas.

    Who are the main competitors of Athelas?

    Below listed are the main competitors of Athelas:

    • HBox
    • Taaso
    • Entia
    • MD Revolution
    • MicroX Labs
    • Longevica
    • YourBio Health
    • ArcDia

  • Alto Pharmacy: A Leading Digital Pharmacy

    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 Alto Pharmacy.

    As the world advances in the digital era, more and more people are turning to the internet for healthcare information and services. Online pharmacies are one such sector that has gained more traction throughout the Covid-19 pandemic.

    It has been stated that around 50% of people fail to take prescribed medications, leading to hospitalization and death. However, with digital pharmacy platforms, individuals can order their prescriptions online and deliver them to their doorsteps.

    Alto Pharmacy is one such digital pharmacy platform born out of convenience and affordability. This article will shed light on vital details of Alto Pharmacy, including its startup story, founders, funding, services, and more.

    Alto Pharmacy – Company Highlights

    Company Name Alto Pharmacy
    Headquarters San Francisco, California, United States
    Sector Healthcare
    Founders Mattieu Gamache-Asselin, Jamie Karraker
    Founded In 2015
    Revenue $1B (2022)
    Website Alto.com

    Alto Pharmacy – About
    Alto Pharmacy – Founders and Team
    Alto Pharmacy – Startup Story
    Alto Pharmacy – Mission and Vision
    Alto Pharmacy – Business Model
    Alto Pharmacy – Products and Services
    Alto Pharmacy – Funding and Investors
    Alto Pharmacy – Mergers and Acquisitions
    Alto Pharmacy – Patents and Trademarks
    Alto Pharmacy – Growth
    Alto Pharmacy – Partners
    Alto Pharmacy – Awards and Achievements
    Alto Pharmacy – Competitors

    Alto Pharmacy – About

    Alto Pharmacy is the United States leading digital pharmacy. Its business model is centered on pharmacists’ crucial role as the final link in the individual’s health journey. The company combines expert pharmacist care with purpose-built technology to deliver an economical and convenient experience for people needing medication.

    Alto Pharmacy has its presence in twelve markets, including San Francisco, Los Angeles, San Diego, Denver, Las Vegas, Seattle, New York, Houston, Dallas, Austin, Sacramento, and Santa Barbara.

    The company has fulfilled over three million prescriptions and built a mobile app experience making it easier to manage medications. It has achieved a 70% Patient Adherence rate and enabled $53 million in drug savings, with over 41% of patients benefiting from prescription savings.

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    Alto Pharmacy – Founders and Team

    Mattieu Gamache-Asselin and Jamie Karraker are the co-founders of Alto Pharmacy.

    Mattieu Gamache-Asselin

    Mattieu Gamache-Asselin graduated from the University of Ottawa with BASc in Software Engineering + Biomedical. Before co-founding Alto Pharmacy, he worked as Software Engineer at Adobe Systems and Engineering @ Parse at Facebook.

    Mattieu Gamache-Asselin - Co-founder, Alto Pharmacy
    Mattieu Gamache-Asselin – Co-founder, Alto Pharmacy

    Jamie Karraker

    Jamie Karraker completed the Bachelor of Science and Master of Engineering from Massachusetts Institute of Technology. He worked as a Researcher at MIT Computer Science and Artificial Laboratory (CSAIL) and Software Engineer at Facebook.

    In 2015, he co-founded Alto Pharmacy and currently working as its Co-CEO.

    Jamie Karraker - Co-founder and Co-CEO, Alto Pharmacy
    Jamie Karraker – Co-founder and Co-CEO, Alto Pharmacy

    Alicia Boler Davis is the CEO of Alto Pharmacy, a company with a team of over 900 expert engineers, pharmacists, and care specialists.

    Alto Pharmacy – Startup Story

    Mattieu Gamache-Asselin and Jamie Karraker were drawn to healthcare and shocked to uncover that 50% of people in the U.S. don’t get or take their medications as prescribed due to high costs and friction in the pharmacy experience. Moreover, they realized how inefficient and inhumane the pharmacy system was.

    Therefore, they both ran some Facebooks ads, offering simple services to pick up people’s prescriptions and deliver them to their doorstep. In the first week, Mattieu and Jamie succeeded in delivering medications to happy and paying customers.

    Before setting up Alto Pharmacy, the co-founders realized they needed to learn from the best, and thus, they spent months learning from a family-run pharmacy in Mission District, San Francisco. There they realized that people expect pharmacists to know them- their budgets, preferences, and routines.

    Mattieu and Jamie raised enough capital to purchase AG Pharmacy in 2015 by partnering with Vivian and her team. They quickly built their team and brought together expertise across technology and healthcare. In the first year, AG Pharmacy built the core pieces of its technology stack- a pharmacy operating system, a physician collaboration tool, and an app for Alto patients.

    Alto Pharmacy – Mission and Vision

    Alto Pharmacy aims to fulfill medicine’s true purpose, i.e., to improve the quality of life for each person who needs it.

    Alto Pharmacy – Business Model

    A user creates an account on the Alto mobile app to transfer his existing prescription or can ask his doctor to send a new prescription to the platform. The company’s team finds customers the best price by combing through its database of coupons, copay cards, and other saving options. Moreover, it handles customers’ insurance paperwork to identify ways to save them money.

    Users can see the savings and delivery options, and once ordered, the prescription is delivered by hand on the chosen day and time without any delivery fee. In addition, Alto Pharmacy’s team ensures their customers never miss or run out of medication by reaching out to schedule the delivery. Customers can use the Alto app to set reminders to take their medicines and chat with a pharmacist.

    CEOs struggle with the suddenness of this change: Alto Pharmacy CEO

    Alto Pharmacy – Products and Services

    The Alto app specializes in delivering HIV, Hepatitis C and Infectious Diseases, Asthma and COPD, Rheumatology, Cardiology, Multiple Sclerosis, Gastroenterology, Covid-19 antivirals, and other medications.

    Moreover, it launched the Auto Connect app for prescribers and clinical staff for seamless on-the-go prescription management and pharmacy communication.

    Alto Pharmacy – Funding and Investors

    Alto Pharmacy raised a total amount of $560 million in 7 funding rounds. Its latest funding round – Series E Round, was conducted on January 27, 2022, and raised $200 million. 58 investors fund the company, the most recent being What If Ventures, Sand Hill Angels, SoftBank Vision Fund, Zola Global Investors, and Greenoaks.

    Date Round Number of Investors Money Raised Lead Investor
    January 27, 2022 Series E 5 $200 million SoftBank Vision Fund
    November 2, 2021 Debt Financing – $36.4 million –
    January 30, 2020 Series D 8 $250 million SoftBank Vision Fund
    December 5, 2018 Series C 9 $50 million Zola Global Investors, Greenoaks
    June 12, 2017 Series B 8 $17 million Greenoaks
    June 30, 2016 Series A 3 $6 million Jackson Square Ventures
    June 20, 2015 Seed Round 8 $600k –

    Alto Pharmacy – Mergers and Acquisitions

    On August 23, 2017, Alto Pharmacy acquired Round Health.

    Alto Pharmacy – Patents and Trademarks

    Alto Pharmacy is registered with 1 trademark, categorized into the ‘Scientific and Electronic Apparatus and Instruments‘ class.

    Alto Pharmacy – Growth

    The estimated annual revenue of Alto Pharmacy in 2022 is $189 million per year ($210,221 per employee), with its current valuation standing at $1 billion. Moreover, the monthly web visits grew by 0.88%, with 317,938 visits. And its employee count increased by -9% last year.

    Alto Pharmacy – Partners

    Alto Pharmacy has partnered with the following:

    • New York City Health Department
    • Hims & Hers
    • Oma Fertility
    • Howard University

    Alto Pharmacy – Awards and Achievements

    Alto Pharmacy is recognized as a customer-obsessed, industry-leading digital pharmacy with an NPS score of 86. Some of its most recent recognition and accolades are:

    • One of America’s Best Startup Employers by Forbes
    • Modern Retail’s Best Mobile App Award
    • Top 100 Healthcare Technology Companies of 2021
    • Top 25 Consumer HealthTech Executives of 2021
    • Top 25 Women Leaders in Consumer HealthTech

    Alto Pharmacy – Competitors

    Some of its main competitors are:

    • Capsule
    • PillPack
    • Walgreens
    • Health Warehouse.com
    • CVS Health
    • Medly
    • Truepill
    • Now Rx
    • Nimble Rx

    FAQs

    What is Alto Pharmacy?

    Alto Pharmacy is a digital pharmacy platform that combines expert pharmacist care with purpose-built technology to deliver an economical and convenient experience for people needing medication.

    Who founded Alto Pharmacy?

    Mattieu Gamache-Asselin and Jamie Karraker are the co-founders of Alto Pharmacy.

    Who are the main competitors of Alto Pharmacy?

    Some of Alto Pharmacy’s main competitors are:

    • Capsule
    • PillPack
    • Walgreens
    • Health Warehouse.com
    • CVS Health
    • Medly
    • Truepill
    • Now Rx
    • Nimble Rx

  • ForMen Success Story – How is it Revolutionizing the Health and Wellness Sector

    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 ForMen.

    The pandemic era made everyone much more focused on their health and made everyone realize the importance of better health. To promote the same, many new and old platforms were emerging in the market all revolving around the health factor.

    Few of them were targeted for mental health whereas few were targeted for specific conditions. One of the exceptions amongst the emerging platforms was the ForMen health startup highly directed toward the health and wellness of men.

    ForMen is highly dedicated to men’s health and wellness improving products such as supplements and different formulations. ForMen was introduced in the year 2015 with the mission of promoting wellness in men.

    Continue below to learn more about ForMen company such as its startup story, business and revenue model, awards and achievements, growth, etc.

    ForMen – Company Highlights

    Startup Name ForMen
    Headquarters Hyderabad
    Sector Healthcare
    Founders Dr Lalitha Reddy
    Founded 2015
    Website www.formen.health

    ForMen – About
    ForMen – Industry
    ForMen – Founders and Team
    ForMen – Startup Story
    ForMen – Mission and Vision
    ForMen – Name, Tagline, and Logo
    ForMen – Business and Revenue Model
    ForMen – Challenges Faced
    ForMen – Funding and Investors
    ForMen – Growth
    ForMen – Awards and Achievements
    ForMen – Future Plans

    ForMen – About

    ForMen is a health and wellness-promoting brand for men. It is started and led by health professionals named Dr. Lalitha Reddy and Sreeram Reddy. The brand is dedicated to improving men’s health with effective yet safe formulations.

    The ForMen brand is highly acknowledged for its different range of products falling in the category of fertility, wellness, vitamins, minerals, lifestyle, etc. The brand works with the principle of providing premium quality products made with herbs and few minerals. All the product under their brand needs to pass out their quality check before stepping into the market.

    Along with health and well products, ForMen is known to provide expert consultation service to its customers on their demand. ForMen is highly appreciated by its customers and is a proud brand with more than 45000 customers in its name.

    ForMen – Industry

    The Men’s Health & Wellness industry has gained prominence over the past few years. The Men’s wellness market has more than doubled in India in the last 3-4 years and is all set to grow at 16-17% annually. Most of the growth has happened in the grooming sector.

    There is a significant growth in the supplements sector too in the coming 5 years. The increased willingness of the millennial generation to discuss non-critical health issues, combined with increased awareness and purchasing power will push the nutraceutical category to higher growth rates in the coming years.

    Health & Wellness industry is one of the most stable & time-tested industries. With the present-day lifestyles, increased incidence of lifestyle diseases, newly evolving infections, increased burden of stress and obesity, etc the need for wellness, fitness, and health will only keep growing.

    Awareness and interest of people in wellness will surely rise, and so will the adoption of good practices.  The wellness industry is growing steadily but surely in the years to come. The focus of the company is on natural, safe and effective products as compared to chemicals.

    ForMen aims to carve a niche in this category with its unique, natural, safe, and effective products that are formulated by doctors & pharma experts. They look at the entire country as their market. Children, adults, and the geriatric population, everyone from Day 0 to Day 100 will do better with supplements. A just-born baby needs Vit D supplementation so will a 100-old centenarian.

    Bringing awareness is the key. The company not only had a look at the market research statistics etc but also knew from their Pan-India colleagues’ experience as well as from surveys and scientific articles, the extent of lifestyle disease burden in India and projected numbers in the next 10 years. This combined data was enough to convince ForMen about the huge need for genuine and effective supplements.

    ForMen – Founders and Team

    Dr Lalitha Reddy - Founder of ForMen
    Dr. Lalitha Reddy – Founder of ForMen

    Dr. Lalitha Reddy and Sreeram Reddy are the founders of ForMen. They share almost the same vision and passion and are highly committed to quality.

    Sreeram is a serial entrepreneur with vast and successful experience. He is a graduate of Purdue University, a very passionate and motivated person, who loves to build and nurture companies.

    Dr. Lalitha Reddy is a medical specialist with over 25 years of experience and an alumnus of prestigious institutions like JIPMER, NIMS, Osmania General Hospital, and ISB. She is the former Vice President of Yashoda Group of Hospitals and presently is Vice President of Telemedicine Society of India – Telangana Chapter.

    She is a very accomplished academic and scientific trailblazer with many awards and gold medals to her credit. She has many scientific research articles published in various national and international journals, delivered hundreds of lectures both in India and abroad, and is the author of two books.

    Her vast experience along with a deep understanding of patient problems and psychology has led her to pave the path for ForMen & ForKids along with her colleagues.

    ForMen – Startup Story

    Having worked in hospitals for the last almost 30 years, they have seen that a huge proportion of sickness could be prevented if only people focused on preventive health and wellness.

    In the early days of the pandemic, the company had first-hand experience of seeing peoples’ panic, different degrees of severity of illness based on age and immune status of a patient, and of course the sudden appearance of many ‘so-called Immune boosters’ in the market, mostly of poor quality and inadequate / overdosages.

    The consequences of the un-informed, unaware &  gullible people falling prey to various kinds of misinformation also did not escape their notice. So, a team of ForMen decided to embark on a journey of Preventive Health & Wellness, where they focused on supplementing nutrients to help improve the quality of life of people.

    They initially focused on men because men are usually hesitant to approach a doctor or get professional advice for wellness issues. They do not prefer to discuss their performance, sleep, stress, weight, or other issues. Also, there has been a significant increase in men’s health issues over the last 1-2 decades.

    Ex- Testosterone levels in men have reduced over the past 2 decades. Sperm counts in men have declined and infertility issues have also risen significantly in men. So has the incidence of stress and related mental health problems.

    So ForMen, as doctors and experts felt that they should contribute significantly by creating a non-judgmental and discrete platform for men which offers genuine, effective & safe formulations in the right combinations and dosages.

    They already were aware of the issues that they wanted to help solve, and also had the knowledge of formulations, so all they had to do was to partner with ingredient suppliers and manufacturers who had similar convictions towards quality & safety that we had.

    They traveled extensively for factory visits and interacted with various manufacturers/suppliers before we chose the best, who aligned with our vision and mission. After that came the website development, branding, warehousing, last-mile delivery partners, etc. The entire journey was humongous learning for them.

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    ForMen – Mission and Vision

    ForMen is an online holistic online Health & Wellness platform for men. It provides wellness products & online doctor consultations.

    Vision – To be the most trusted health & wellness partner, offering high-quality wellness products that are a part of the wellness journey of all Indian men.

    Mission- To promote wellness, and preventive health and encourage discussions on health issues in men.

    ForMen Logo
    ForMen Logo

    ForMen wanted the logo and Taglines to be very simple, direct & reflect what the brand offers. Since they wanted to start with Men’s wellness products – The name ForMen was quite literal and fortunately available.

    Tagline ‘ For all things men’ simply followed the logo.  Since their kid’s products were exclusive for kids, the logo ForKids was also designed on similar lines. The tagline ‘ ForKids with smart moms ‘ was also very apt and simple.

    ForMen – Business and Revenue Model

    ForMen platforms offer products as well as consultations. The consultations are provided discreetly and free of charge. The products are also very reasonably priced, to bring them within the reach of most Indians.

    Since they wanted the products to be affordable, their margins are significantly less as compared to similar brands. They have no commission models at resent and are not very keen to walk that path. The company is aiming to grow as a D2C brand, whose products sell based on their effectiveness, quality & safety.

    ForMen – Challenges Faced

    The challenges were there for the company but were not major. Since the core knowledge about wellness, remedies, and formulations was with them, the challenge only lay in associating with partners.

    They did face challenges initially in associating with talent, that understood their core principles and also respected timelines. Due to the pandemic the website designing, raw material procurement & creative agencies were all not able to meet deadlines due to lockdowns, staff falling sick, etc. This was a very frustrating aspect, which drove them to optimize the operations better and strengthen in-house skill sets.

    One of the important lessons they learned was to increase in-house talent and reduce dependency on external agencies. This is more cost-effective more flexible and amenable to quick decision-making and course changing, when necessary.

    ForMen – Funding and Investors

    Hustle Partners has been doing the initial funding and they may go for further funding in the coming 6 months when the company feels the need.

    ForMen – Growth

    ForMen launched the brand one fine day and started advertising on social media. Orders slowly started picking up, mostly by word of mouth and then they consciously kept their marketing budgets low and avoided the marketing blitzkrieg as they were very sure of the slow and steady pace of growth based on ‘word of mouth’. They believe that a satisfied consumer is the best form of marketing.

    ForMen – Awards and Achievements

    We have been featured in various magazines and have received the award ‘ Icon of the Year – Emerging Startup Company for the year 2021’ from the Times Group.

    ForMen – Future Plans

    The company is headquartered in Hyderabad. The suppliers & manufacturers are spread across the country. They have a central warehouse also located in Hyderabad. The company is doing well presently with 8-10% month-on-month growth. The company is also planning to expand its product portfolio, the future surely looks bright & shining. The GMV (Gross Merchandise Volume) of ForMen is around Rs 600 on average at present. Feedback from consumers has been very positive & encouraging.

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    Conclusion

    With the health issues going across the globe, the new world and a new method to tackle it is been introduced by many different platforms. There are many emerging applications and platforms all based on the health sector. One of them is the ForMen health platform.

    It mainly deals with the health and wellness of men. The basic information about ForMen such as the startup story, Funding, investments, mission, vision, etc has been shared above.

    FAQs

    Who is the founder of ForMen?

    Dr. Lalitha Reddy and Sreeram Reddy are the founders of ForMen.

    What is ForMen?

    ForMen is a Health & Wellness brand that sells men’s wellness products.

    Has ForMen received any funding?

    Hustle Partners has been providing the initial funding to ForMen.

    What is the mission of ForMen?

    The mission declared by ForMen is to promote wellness and preventive health along with encouraging discussions on men’s health.

  • Is Even Really Disrupting The Healthcare Insurance Industry?

    The Indian insurance industry has witnessed significant progress with both life and non-life insurance growing at a CAGR of 17% and 14% respectively in the past five years, according to a BCG report. The total number of lives covered in this period has doubled from 12 crores to 23 crores.

    Although the Indian insurance market is underpenetrated as compared to the global leaders such as the United States. There is a lot of scope for growth and with the outbreak of Covid-19, there has been a major change in the perception of Indian consumers regarding the awareness of their health and the requirement of a health insurance policy.

    The Demand for the Insurtech Industry
    Insights of the Insurtech Industry
    About Even
    Is Even Really Disrupting The Healthcare Insurance Industry?

    The Demand for the Insurtech Industry

    The pandemic paranoia has led to a near 7% increase in the intent to buy insurance globally. Moreover, research by “The World Insurtech Report, 2021” by Capgemini, stated that around 50% of the customers today are willing to consider insurance coverage from a new age player (insurtech startup).

    This clearly states that the demand for the insurtech industry is rising globally and India is also witnessing the same trend. Not only from the consumer perspective, but even the investors’ are also betting more in this industry. The insurtech startups in India raised $822 million in 2021 which was 166% higher than the previous year.

    Driven by the shift in the mindsets of the people for insurance products after the pandemic, simplified processes by the digital insurance players, low premium insurance offerings and increased investors’ interest, the insurtech industry in India is expected to reach $339 Bn by 2025.

    Expected Growth of Insuretch Industry in India
    Expected Growth of Insuretch Industry in India

    Insurance Sector In India
    Here’s a brief overview of the Insurance sector in India along with its market size, industry challenges, government initiatives & future.
    StartupTalkyDevashish Shrivastava

    Insights of the Insurtech Industry

    Insurtech industry is in the growing phase post-Covid, with the existence of more than 110 insurtech players in the country. All these players are focused on offering not only the common life insurance offerings but also non-life insurance covering health, education, vehicle and other areas.

    The focus on health insurance has risen post-pandemic with the rise in the health awareness of the people. Thus, it has been the major focus of most insurtech’s as well as healthtech startups.

    About Even

    Startup Name Even
    Founded 2020
    Founders Mayank Banerjee, Matilde Giglio, and Alessandro Davide Lalongo
    Funding Raised $5 million
    Key Investors Khosla Ventures, Founders Fund (led by Peter Thiel), Lachy Groom, Kunal Shah, and Nikesh Arora
    Business Model B2b-B2C
    Primary Competition Kenko
    User Base 40+ Users on the Waitlist

    Even, a Bengaluru-based healthtech startup, founded in April 2020 by Mayank Banerjee, Matilde Giglio, and Alessandro Davide Lalongo, is a healthcare membership company that partners directly with the top hospitals to provide fully-cashless and quality healthcare accessible to its members.

    It is currently operational only in Bengaluru. The company claims that anyone who opts for being its member can avail of unlimited consultations and diagnostics, also a hospitalisation cover of 50 lakhs annually.

    It has tied up with major hospital chains such as Fortis and Narayana Health. The company currently has 40K+ applicants on the waitlist and has plans to reach more than 1 lac users in major cities such as Delhi, Mumbai and Bengaluru.

    Covid-19 not just accelerated IPD (In-patient department) but also accelerated the demand for OPD (Out-patient department) including regular doctor consultations and check-ups not requiring hospitalisation of the patient. The OPD market is expected to reach $37.5 billion by FY2024, according to research by Praxis Global Alliance.

    Most health insurance companies usually don’t cover OPD expenses and the ones which cover it have immense paperwork and tiresome process, that’s where Even wants to position itself. It wants to bridge the gap and make healthcare easily accessible with its partner network.

    Although the company claims to be a subscription-based healthcare service provider, it compares itself with the other health insurance providers. Let us actually compare its offering with other insurance providers and see how better it is than theirs. Let’s look at the table below to understand how Even fairs compared to other insurance providers.

    Even Vs Other Insurance Providers: Which Is Better?

    Parameters Even Other Insurance Companies
    OPD Yes Yes
    Price High Low
    Starts from Day1 Yes No
    Exclusion of Existing Disease Yes Yes
    Cashless Yes Yes
    Hospital Network 21+ 2k-16k
    Initial Waiting Period 0 Days 30 Days
    Co-Pay 0 10-30%
    Age Limit 0-64 years 5-80 years
    Minimum Term 3 months NA
    Cover 50 Lakh a year 5 Lakhs a year

    Is Even Really Disrupting The Healthcare Insurance Industry?

    It is clearly evident from the comparison table that Even is offering sort of similar or even fewer benefits as compared to health insurance at a higher price. Not only this, it excludes a lot of benefits in its membership which are otherwise included in the other health insurance companies such as Maternity care, Home health care, and AYUSH treatment.

    When we reached out to the customer care executive of Even, they themselves were not clear about what is included and excluded in the membership and had to reconfirm with other team members.

    The major issue with Even is that it currently has a very small partner hospital network of only 21 hospitals so the benefits of the membership can only be availed in those hospitals and although it claims that it can make possible the out of network emergency care (emergency care for members if they are outside Bengaluru), how much of it is actually possible still remains a question.

    Although there is immense potential in the insurtech industry and hence, a lot of players are entering the market since public money and health is involved in it, these players will remain under the regulator’s purview. There are chances that a lot of such players may run into conflict with IRDAI (Insurance Regulatory and Development Authority Of India) rules.

    Even has a clinical establishment licence from Karnataka Government, it has partnered with Cholamandalam MS General Insurance to offer a hospitalisation expense coverage ranging from ₹5 Lacs to up to ₹50 Lacs in its premium (Even Plus) plan which comes under the group policy with the insurer.

    Thus, we see that Even and other such health subscription startups buy group health plans from the insurer and onboard retail users and add them later as policy members. Thus, the insurer is underwriting the company and later underwrites the retail customer, but if in case the company faces any issue, the customer may not have anyone to go to for claiming its subscription.

    Conclusion

    Even though the model of health subscription is aimed to ease the process for the customers and seems intriguing, it is yet to be discovered how these subscription-based healthcare startups such as Even will sustain in the long term given the ambiguity in the regulations and highly unorganised nature of OPD market in the country which may lead to the higher risks of frauds for them.

    FAQs

    What is Even?

    Even is a healthcare startup that provides cashless and unlimited OPD insurance health cover.

    Who are the founders of Even?

    Even was founded by Mayank Banerjee, Matilde Giglio, and Alessandro Davide Ialongo.

    Which health insurance has the highest hospital network?

    Care Health Insurance Limited has the highest hospital network. It has more than 16,500 network hospitals across India.

  • Pharmeasy Marketing Strategy That Made It Lead the Online Pharmacy Market

    Modern technology made great advancements in the medical industry. Now, this technology is making the reach of various medicines even easier.

    The times when we had to roam around the market to find a particular medicine are gone. At present, we can find any medicine and get it delivered to our doorstep. This has been made possible with PharmEasy, the Indian online medicine delivery platform. We can use this app to order medicines and healthcare online.

    PharmEasy has made great progress with its idea of making medicine delivery easy. It has gained huge popularity among the customers with its advertising and marketing. They have even made campaigns addressing customers’ concerns in a creative way.

    About PharmEasy – India’s Leading Medicine Delivery App
    Founders of PharmEasy
    How does PharmEasy Work?
    Marketing Strategies of PharmEasy
    PharmEasy Covid-19 Marketing Strategy

    About PharmEasy – India’s Leading Medicine Delivery App

    PharmEasy is India’s health tech startup of online pharmacy and diagnostics. PharmEasy’s acquisition of Medlife has made it the biggest online pharmacy platform. After the acquisition, it aimed to serve 2 million customers a month.

    In 2021, it also acquired Thyrocare technologies and Aknamed. The platform offers services of medicine delivery, diagnostic test sample collection, and teleconsultations. With its various partner vendors, it offers services to over 710 cities covering Bengaluru, Pune, Mumbai, etc. The company covers 98% of pin codes in the nation to deliver medicine.

    Founders of PharmEasy

    Dhaval Shah and Dharmil Sheth
    Dhaval Shah and Dharmil Sheth

    PharmEasy is the healthcare startup that came into existence in 2014. Its co-founders include Siddharth Shah, Dhaval Shah, Dharmil Seth, Harsh Parekh, and Hardik Dedhia. The startup began with the idea of making healthcare in India easily accessible. API Holdings Private Limited is the parent organization of PharmEasy.

    How does PharmEasy Work?

    It is an e-commerce platform where one can buy medicines and other healthcare equipment. A person uploads an image of the prescription on the app or website. This prescription is then sent to a medical store in your area and the order is packed.

    Once the order is ready, a delivery agent comes to pick it up. The order then gets delivered to your home. It is as simple as its ads make it look.

    Marketing Strategies of PharmEasy

    Marketing is super important for any business to grow. When it comes to startup, it becomes even more important. To make a startup stand out in the market, strategic marketing is essential.

    PharmEasy opts for various strategies for marketing. It tries to gain the customers’ attention through online marketing as well as tv commercials.

    The following are some of the marketing strategies of PharmEasy:

    Television Commercials

    PharmEasy is an Indian company. The best way to get the attention of the Indian audience is through TV ads. PharmEasy’s TV ad was a successful marketing strategy that gained great popularity.

    The company made a music track for its ad. The track was a version of the popular Bollywood song, ‘Urvashi’. They created their slogan in the tune of it. The slogan said ‘PharmEasy, PharmEasy, Take it easy PharmEasy’. Every time this soundtrack played on the television; it got the viewers’ attention.

    When viewers find something interesting, they like to know more about it. In this way, this strategy by the brand got successful. This ad made the app and its services popular among the customers.

    Meme Marketing

    PharmEasy Instagram Marketing
    PharmEasy Instagram Marketing

    PharmEasy is a new-age startup. The brand knows how to keep up with the latest trends. With the increasing popularity of memes over social media, PharmEasy took a dip in this strategy.

    The company posts memes on its Instagram handle. This catches the customer’s attention in a creative and quirky way. For example- They made a meme on weekend working and attached its slogan #TakeItEasy, its tagline to it. There are several other memes that the company keeps on making according to the trends.

    This meme marketing strategy is the latest trend. PharmEasy is surely taking the advantage of it to market itself.

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    SMS, Email Marketing

    Once a person signs up on the PharmEasy app or website, the role of this strategy begins. The company uses technology to send automated messages or emails to its customers.

    These messages include the information of new offers or discounts that the company has to offer. This is a great strategy by the company to gather up the customers’ attention.

    Sponsorships

    The PharmEasy startup was not popular right from its birth. It had to create a space and trust for itself in the market. One of the most successful strategies by PharmEasy in its early years was cricket sponsorship.

    PharmEasy Cricket Sponsorship
    PharmEasy Cricket Sponsorship

    After investing in cricket, people began to associate PharmEasy with cricket. Most of the Indian audience watches the world cup. An ad between the match gets the viewers’ attention and help develop a level of trust.

    PharmEasy earned huge popularity through this marketing strategy. People now consider it a reliable brand in the e-pharmacy industry.

    Influencer Marketing

    We all are aware of the power of social media nowadays. Influencers and bloggers over various channels are getting more and more popular. They also have a large audience.

    So, PharmEasy has also opted for influencer marketing. In this way, it can promote itself at the leverage of the influencer’s audience. For example- PharmEasy has indulged in making reels. You can see Viraj Ghelani, Digital Creator, and Sapan Verma, Comedian in the PharmEasy reels.

    Traffic Sources of PharmEasy

    The traffic generated by PharmEasy is 63.39% from search. Besides, there is 30.97% direct traffic, 0.72% from social media, 3.29% from display, 0.66% from emails and 0.97% from referrals.

    PharmEasy Covid-19 Marketing Strategy

    PharmEasy Covid-19 Marketing Strategy
    PharmEasy Covid-19 Marketing Strategy

    Every brand advertised itself in association with the pandemic. So, PharmEasy too made ads related to covid-19. They decided to take a witty and sarcastic road for their advertisement.

    The company has used a statement that is very common among the Indian audience. It is ‘Sab uparwale ke hath mein hai.’ So, taking a sarcastic take, the company used the actual uparwala i.e, the neighbour living up to promote their brand.

    Another popular ad of PharmEasy was the ‘WFH’ campaign. This ad was focused on lockdown, as people were confined in their homes. The advertisement showcases while everything changed, one thing that didn’t change was getting medicines with ease.

    PharmEasy has given a simple and sensible message to the people with their ads. It is to not leave everything up to fate. People need to understand that they have to take care of their health. The ad shows that to take care of medicine and healthcare, PharmEasy is always there.

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    Conclusion

    PharmEasy, India’s largest e-pharmacy came as a boon. It made the process of medicine buying easy, accessible, and reliable. During the pandemic, when people could not go out and find their medicines, PharmEasy has been a great help.

    It is safe to say that PharmEasy gained great popularity with its marketing strategies. It has always kept its ads short, catchy and relatable. All such strategies helped PharmEasy to gain trust and popularity among the customers.

    FAQ

    Is PharmEasy a profitable company?

    Yes, PharmEasy reported revenue of ₹2360 crore in the financial year 2021.

    Is PharmEasy a unicorn?

    PharmEasy achieved unicorn status with a valuation of $1.5 billion.

    Who is the founder of PharmEasy?

    Dhaval Shah and Dharmil Sheth are the founders of PharmEasy.

    Who are the competitors of Pharmeasy?

    Some top competitors of Pharmeasy are:

    • Netmeds
    • Apollopharmacy
    • Medplusmart

  • Success Story of ForMen: Wellness Journey Improving Quality of Life for Men

    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 ForMen.

    ForMen is a wellness startup founded by medical specialist. The starup is focused towards men’s health and wellness products. They offer variety of products ranging from general wellness to weight management, eye, hair and more. Their USP of products is – Synergistic action with high absorbability into the body. The startup is doing quite well with its unique concept of medically researched wellness products for men.

    Let’s know more about ForMen – founders, products & services, business model, and the complete startup story.

    ForMen – Company Highlights

    Startup Name ForMen
    Headquarters Hyderabad
    Industry Health & Wellness
    Founded 2021
    Founders Dr. Lalitha Reddy and Sreeram Reddy
    Website www.formen.health

    ForMen – About
    ForMen – Industry
    ForMen – Founders and Team
    ForMen – Idea & Startup Story
    ForMen – Mission and Vision
    ForMen – Name, Tagline, and Logo
    ForMen – Business Model & Revenue Model
    ForMen – Product & Services
    ForMen – Startup Launch
    ForMen – Challenges Faced
    ForMen – Funding
    ForMen – Future Plans
    ForMen – Recognition and Achievements
    ForMen – Growth
    ForMen – FAQs

    ForMen – About

    ForMen is an online holistic Health & Wellness platform for men. It provides wellness products & online doctor consultations. The Health & Wellness startup was founded in 2021 by Dr. Lalitha Reddy and Sreeram Reddy at Hyderabad.

    ForMen – Industry

    The Men’s health & Wellness industry has gained prominence over the past few years. The Men’s wellness market has more than doubled in India in the last 3-4 years and is all set to grow at 16-17% annually. Most of the growth has happened in the grooming sector. A significant growth may be seen in the supplements sector too in the coming 5 years. Increased willingness of the millennial generation to discuss non-critical health issues, combined with increased awareness and purchasing power will push the nutraceutical category to higher growth rates in the coming years.

    Health & Wellness industry is one of the most stable & time tested industry. With the present day lifestyles, increased incidence of lifestyle diseases, newly evolving infections, increased burden of stress and obesity etc the need for wellness, fitness and health will only keep growing. Awareness and interest of people towards wellness will surely rise, so will the adoption of good practices. Wellness industry is growing steadily but surely in the years to come. The startup focus will be on natural, safe and effective products as compared to chemicals.

    They aim to carve a niche for themselves in this category with their unique, natural, safe and effective products that are formulated by doctors & pharma experts. They look at the entire country as their market. Children, adults and geriatric population, everyone from Day 0 to Day 100 will do better with supplements. A just born baby needs Vit D supplementation so will a 100 old centenarian. Bringing awareness is the key. They not only had a look at the market research statistics etc, but they also knew from Pan-India colleagues’ experience as well as from surveys and scientific articles, the extent of lifestyle disease burden in India and projected numbers in the next 10 years. This combined data was enough to convince about the huge need for genuine and effective supplements.

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    ForMen – Founders and Team

    Dr. Lalitha Reddy - ForMen Founder
    Dr. Lalitha Reddy – ForMen Founder

    Dr. Lalitha Reddy and Sreeram Reddy are the Co-founders of ForMen. They share almost the same vision and passion. They are highly committed to quality.

    Sreeram is a serial entrepreneur with a vast and successful experience. He is a graduate of Purdue University, a very passionate and motivated person, who loves to build and nurture companies.

    Dr. Lalitha Reddy, is a medical specialist with over 25 years of experience and an alumni of prestigious institutions like JIPMER, NIMS, Osmania General Hospital and ISB. She is the former Vice President of Yashoda Group of Hospitals and presently is Vice President of Telemedicine Society of India – Telangana Chapter. She is a very accomplished academic and scientific trailblazer with many awards and gold medals to her credit. She has many scientific research articles published in various national and international journals, delivered over hundreds of lectures both in India and abroad and is an author of two books.

    Her vast experience along with a deep understanding of patient problems and psychology has led her to pave the path for ForMen & ForKids along with her colleagues.

    The Core team of ForMen consists of experienced Doctors & Pharmacologists who are well aware of the health & wellness issues existing in the society as well as, have profound knowledge of complex body mechanisms, supplements & drug formulations and kinetics of absorption, utilization, effectivity, dosage, synergy and side effects of various supplements/drugs/molecules in the body.

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    ForMen – Idea & Startup Story

    Having worked in hospitals for the last almost 30 years, the have seen that a huge proportion of sickness could be prevented, if only people focused on preventive health and wellness. In the early days of the pandemic, they had first hand experience of seeing peoples’ panic, different degrees of severity of illness based on age and immune status of a patient and of course the sudden appearance of many ‘so called Immune boosters’ in the market, mostly of poor quality and inadequate / over dosages. The consequences of the un-informed, unaware & gullible people falling prey to various kinds of misinformation also did not escape to their notice. So, their team decided to embark on a journey of Preventive Health & Wellness, where they focus on supplementing nutrients in order to help improve the quality of life of people.

    They initially focused on men because men are usually hesitant to approach a doctor or get professional advice for wellness issues. They do not prefer to discuss their performance, sleep, stress, weight or another issues. Also there has been a significant increase in men’s health issues over the last 1-2 decades. Ex-Testosterone levels in men have reduced over the past 2 decades. Sperm counts of men have declined and infertility issues have also risen significantly in men. So has the incidence of Stress and related mental health problems.

    So they, as doctors and experts felt that they could contribute significantly by creating a non-judgmental and discrete platform for men which offers genuine, effective & safe formulations in the right combinations and dosages.

    The team were aware of the issues that they wanted to help solve, they also had the knowledge of formulations, so all they had to do was to partner with ingredient suppliers and manufacturers who had similar conviction towards quality & safety that they had. They travelled extensively for factory visits and interacted with various manufactures/suppliers before they chose the best, who aligned with their vision and mission. After that came the website development, branding, warehousing, last mile delivery partners etc. The entire journey was a humongous learning for us.

    Dr. Laltha Reddy – ForMen Founder talking about Stress

    ForMen – Mission and Vision

    Vision of ForMen – To be the most trusted health & wellness partner, offering high quality wellness products that are a part of the wellness journey of all Indian men.

    Mission of ForMen – To promote wellness, preventive health and encourage discussions on health issues in men.

    In the short term, they wish to firmly plant ForMen as a trusted brand that provides expert guidance and genuine, effective and safe products of unique formulations.

    In the long term, they wish to grow in the wellness space and become a household name. They foresee expansion in product line as well as international presence. Focus will also be in spreading awareness about wellness, sickness prevention and overall wellbeing.

    The Core belief of this experienced team is that preventive health & wellness is extremely important to improve quality of life and prevent sickness. Simple tweaking in lifestyle and supplementing diet with the correct nutraceuticals having the correct ingredients in the right dosages will significantly improve the energy, sleep quality, performance, weight issues, fertility, and other aspects of physical & mental health. They also believe in spreading awareness about the importance of preventive aspects of health, the importance of wellness enabling people to live a life of Quality & Happiness.

    ForMen Logo
    ForMen Logo

    ForMen logo and Taglines are very simple, direct & reflect what the brand offers.

    Since the team wanted to start with Men’s wellness products – The name ForMen was quite literal and fortunately available for us. Tagline ‘ For all things men’ simply followed the logo. Since their kids products were exclusive for kids, the logo ForKids was also designed on similar lines. The tagline ‘ForKids with smart moms ‘was also very apt and simple.

    ForMen – Product & Services

    All ForMen products presently belong to the following categories:

    1. Performance
    2. Sleep
    3. Skin
    4. Weight management
    5. Stress
    6. GUT Health
    7. Eye health
    8. Immunity
    9. General Wellness
    10. Hair

    Innovation is seen in the form of formulations, bioavailability & safety. They have a unique combination of herbs, vitamins & minerals that are essential for the body in the process that the product is designed to improve. Ideal effective dosages are very important for a supplement to work effectively. Synergistic action with high absorbability into the body are also the USP’s of the products. They have worked towards maximum efficiency of the product in the body, aligned as per the body’s requirements. The high concentration of Bio actives is another USP. They wish to achieve a balance between high quality & affordability.

    ForMen – Business Model & Revenue Model

    Please brief us on the business and revenue model. Do include pricing range, profit margin or commission if comfortable.

    Our platforms offer products as well as consultations. The consultations are provided discreetly and free of charge. The products are also very reasonably priced, in order to bring them within the reach of most of Indians.

    Since they wanted the products to be affordable, our margins are significantly less as compared to similar brands. ForMen have no commission models at present and are not very keen to walk that path. ForMen aims to grow as a D2C brand, whose products sell on the basis of their effectivity, quality & safety.

    ForMen – Startup Launch

    They launched the brand one fine day, and started advertising on social media. Orders slowly started picking up, mostly by word of mouth. They consciously kept their marketing budgets low and avoided the marketing blitzkrieg as founders were very sure of the slow and steady pace of growth based on ‘word of mouth’. They believe that a satisfied consumer is the best form of marketing.

    ForMen – Challenges Faced

    Since the core knowledge about wellness, remedies and formulations was with us, the challenge only lay in associating with partners. They did face challenges initially in associating with talent, that understood their core principles and also respected timelines. Due to the pandemic the website designing, raw material procurement & creative agencies were all not able to meet deadlines due to lockdowns, staff falling sick etc. This was a very frustrating aspect, which drove us to optimize their operations better and strengthen in-house skill sets. One of the important lessons for us, was to increase inhouse talent and reduce dependency on external agencies. This is more cost effective more flexible and amenable to quick decision making and course changing, when necessary.

    ForMen – Growth

    ForMen is headquartered in Hyderabad. Their suppliers & manufacturers are spread across the country.

    They have a central warehouse also located in Hyderabad. The company is doing well presently with 8-10% month on month growth. As ForMen expands their product portfolio, the future surely looks bright & shining. Their GMV is around Rs.600 on an average at present. Feedback from consumers has been very positive & encouraging.

    ForMen – Funding

    Hustle Partners has been doing the initial funding for ForMen. They may go for further funding in the coming 6 months, if they feel the need.

    ForMen – Recognition and Achievements

    ForMen has been featured in various magazines and have received an award ‘ Icon of the Year – Emerging Start Up Company for year 2021’ from the Times Group.

    ForMen – Future Plans

    ForMen team has plan to expand their product portfolio of ForMen and ForKids as well as step into International markets. R&D for unique and effective formulations targeted towards various aspects of health is in progress.

    ForMen – FAQs

    When was ForMen founded?

    ForMen was founded in 2021 by Dr. Lalitha Reddy and Sreeram Reddy.

    Where is the headquarters of ForMen?

    ForMen has its headquarters at Hyderabad.

    What are the products offered by ForMen?

    ForMen products presently belong to the following categories:

    • Performance
    • Sleep
    • Skin
    • Weight management
    • Stress
    • GUT Health
    • Eye health
    • Immunity
    • General Wellness
    • Hair

  • Top 18 Healthcare and Pharma Startups in India 2022

    The hunger for success makes you forget about health. You might be engrossed with your startup but don’t work yourself to death for a bright entrepreneurial future. A wise man once said that health is wealth.

    The healthcare sector is growing rapidly in the Indian landscape, in terms of revenue as well as market share. The Indian healthcare industry pegged at $100 billion is expected to grow by 23% by 2020 to $280 billion. This growing market has given rise to many health-tech startups in India. They cater to various healthcare segments, help book appointments, sell medicines online, and operate as a commercialized unit of the venture.

    We have also covered a list of Pharmaceutical Startups in India.

    In this post, we take a look at some prospering, promising, and growing health startups in India. Here is a list of healthcare companies in India:

    List of top pharma startups in India

    Netmeds
    ImpactGuru
    Docplexus
    Mera Medicare
    3Hcare
    Ekincare
    Practo
    PharmEasy
    AddressHealth
    Consure Medical
    DocTalk
    HealthKart
    BeatO
    Niramai
    CrelioHealth (formerly LiveHealth)
    Lybrate
    Criador Design Labs
    Green Cure Wellness

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    Netmeds

    Netmeds website
    Netmeds Website

    One of the biggest healthcare startups in India, Netmeds is an online platform that has firmly established itself as India’s leading online pharmacy with millions of active customers and deliveries to more than 19,000 PIN codes. It is also called ‘India ki Pharmacy’ and offers streamlined shopping for medicines and other healthcare products through its 24×7 online portal and mobile app.

    Netmeds is supported by over 14 logistics centers spread across the country. Netmeds has a multilingual voice, chat, and email customer care center and a team of licensed pharmacists who receive, digitize, and approve millions of handwritten prescriptions.

    In 2018, Netmeds had 3 million downloads and grew to more than $512 million; it is projected to top $3.645 billion by the year 2022.

    ImpactGuru

    ImpactGuru Website
    ImpactGuru Website

    ImpactGuru is a tech-for-good platform founded with a vision to make healthcare accessible to all and save more lives. It provides comprehensive crowdfunding solutions to empower individuals, NGOs, and social enterprises to raise funds for medical emergencies and other similar causes.

    Docplexus

    Docplexus Website
    Docplexus Website

    Docplexus is a platform for doctors where they can create their own communities and discuss problems with other doctors from all around the world. Founded by Phanish Chandra, an IITian, Docplexus has more than 2,75,000 Doctors as its members. It is a free platform; however, one needs to be a licensed doctor to create an account on DocPlexus.

    Mera Medicare

    MeraMedicare Website
    MeraMedicare Website

    Founded by Pankaj Gupta, MeraMedicare is a healthcare startup. MeraMedicare provides home delivery of medicines in 2 to 12 hours with a 15% discount on almost all medicines. It is a reliable and hassle-free option for ordering medicines.

    3Hcare

    3Hcare Website
    3Hcare Website

    3Hcare is a Delhi-based healthcare startup. It is an online marketplace for healthcare services. 3Hcare provides detailed information on healthcare services across India. Users can simply log on to 3Hcare’s website and find out about diagnostic centers and hospitals as per their requirements. The name “3Hcare” stands for “Help, Health, and Happiness” and signifies the startup’s vision to help people maintain their health and happiness.

    Ekincare

    Ekincare Website
    Ekincare Website

    Ekincare is one of the most innovative health-tech startups in India. Ekincare provides people with the facility to save their medical documents and access those documents anytime from anywhere. Ekincare keeps your data secure and also lets you understand your medical data in a simplified manner through graphical charts and visuals.

    Practo

    Practo Website
    Practo Website

    Practo is one of the world’s leading healthcare platforms and an independent medical website that focuses on patients connects millions of patients with healthcare providers and doctors around the world and helps people make better healthcare decisions.

    Practo helps its consumers manage healthcare requirements such as searching for healthcare experts, booking an appointment with doctors, online doctor consultation, getting their tests done, and ordering medicines online. Practo is a patient-focused medical website and has over 1 lac doctor profiles from all over India and Singapore. Practo is a free service for the patients and the doctors.

    Practo also provides its users with a diagnostics search feature on its web-based platform through high-quality photographs and filter options. It lets users manage their reports and medical data using the app.

    Practo is a Bangalore-based health-tech startup launched in 2008. Practo was founded by Shashank ND and Abhinav Lal. They built the software platform to digitize their health records and facilitate online consultations.

    PharmEasy

    PharmEasy Website
    PharmEasy Website

    One of the top healthcare startups in India, PharmEasy is a Mumbai-based pharma platform founded by Dharmil Sheth in 2015 .PharmEasy is led by Bessemer Venture Partners and Orios Venture Partners. It is one of the most successful healthcare startups in India. PharmEasy is currently operating in seven cities—Delhi, Mumbai, Bengaluru, Kolkata, Pune, Jaipur and Ahmedabad—and has over 150 partner vendors.

    It was launched with a vision to deliver medicines at affordable rates by optimizing supply chain and logistics. PharmEasy now serves more than 100,000 families. The PharmEasy app lets users place orders with just three clicks and re-ordering can be done in one click. It plans to build an ecosystem using technology to connect patients, pharmacies, doctors, diagnostic centers, and healthcare service providers so that each can interact with the other hassle-free. PharmEasy also connects pharmacies spread across the cities, towns, and villages of India.

    AddressHealth

    AddressHealth Website
    AddressHealth Website

    AddressHealth was founded by Anand Lakshman in 2010 to ensure that every child attains a state of positive health. AddressHealth is India’s first one-stop-shop for pediatric primary healthcare services.

    AddressHealth presently operates three clinics in Bangalore and provides comprehensive pediatric healthcare through clinics and schools for children and adults. AddressHealth has partnered with the government in the MR Vaccine program. AddressHealth reached out to 300,000 students through schools till 2017. It received funding of $1.5 million in series A from Grey Matters Capital and Unitus Seed Fund.

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    Consure Medical

    Consure Website
    Consure Website

    Consure Medical is a Delhi-based company founded by Nishith Chasmawala and Amit Sharma in 2012. It is an emerging medical device company that focuses on developing and commercializing novel critical care technologies for 80% of the global population that does not have access to subsidized healthcare. Consure Medical delivers fecal incontinence therapy devices.

    Consure Medical delivers a solution for fecal containment to assist bedridden patients. Qora is an applicator inserted into the anal cavity to provide a pathway for stool diversion with very little leakage. It offers Qora stool management kit which contains an indwelling fecal drainage device for the management of fecal incontinence and can be used across a continuum of care facilities, from ICUs to nursing homes. The company is also operational in San Francisco, California.

    DocTalk

    Doctalk Website
    Doctalk Website

    DocTalk is a Mumbai-based healthcare software application to store medical reports and prescriptions and share the same with your doctor. It was founded by Akshat Goenka and Vamsee Chamakura in 2016. DocTalk provides an AI-based virtual assistant application to simplify the healthcare ecosystem of India.

    It allows patients to safely save all their medical reports and files on the cloud which can then be accessed from anywhere digitally.

    HealthKart

    Healthkart Website
    Healthkart Website

    Healthkart is a Gurgaon-based company founded in 2011 and offers various fitness products and services to help consumers achieve their fitness goals through its e-health store. It is one of the biggest medical e-stores in India. Healthkart offers various healthcare products such as nutrition supplements, diabetes supplies, home medical devices, and baby care products. These products can be ordered online and are delivered by HealthKart personnel to ensure safety. The healthcare platform was initially launched as a website and a mobile app that would function as a generic drug search portal. It has now become a marketplace for customers to search and purchase much more than just prescribed drugs.

    Approximately 80-90% of the supplements sold in India are imported from developed countries like the US and Europe. Heavy customs duty on supplements attracts large amounts of parallel or unethical imports. Given these products have been illegally imported into the country, sourcing information is not available and thus quality becomes a question. HealthKart provides 100% authentic products to its customers by maintaining:

    • Tight control over the supply chain.
    • Quality control during distribution.
    • 14 days hassle-free return policy.

    The company has also launched FitUp which is an app for health and fitness supplements. It offers free assistance and nutrition counselling.

    BeatO

    BeatO Website
    BeatO Website

    Founded for diabetes patients, BeatO provides a convenient and smart device to measure blood sugar levels. You can use them with your smartphone by putting it in the headphone jack and using the strip to measure your blood sugar level. After you measure your blood sugar, it offers you suggestions and shares the results with BeatO’s experts if medical intervention is needed.

    Niramai

    Niramai Website
    Niramai Website

    Founded in 2016, Niramai wants to minimize fatalities attributed to breast cancer. Breast cancer, which most females take for granted in the initial stages, is one of the most common forms of cancer among women. To make it easier to detect breast cancer at an early stage and that too at a lower cost, Niramai uses thermal analytics and artificial intelligence. The technology is mobile; therefore, offering ease of access and usage.

    CrelioHealth (formerly LiveHealth)

    CrelioHealth Website
    CrelioHealth Website

    Founded by Abhimanyu Bhosle and Mukund Malani in 2013, Live Health makes it easy for healthcare providers to provide their services. Live Health makes the process for labs easier as they can access the information and reports of their patient online. Live Health also helps clinics and labs with operations, marketing, administration, etc. Through Live Health, labs and clinics can focus on their internal processes and the patients instead of worrying about business factors.

    Lybrate

    Lybrate Website
    Lybrate Website

    Available in 4 cities, Lybrate helps find the perfect doctor near you. Many times, a doctor’s visit isn’t out of necessity but for one’s satisfaction. To save your time as well as of the doctor’s, you can consult the doctor on Lybrate. There are more than 1,50,000 professionals who will help you with Lybrate.

    Criador Design Labs

    Criador Design Labs Website
    Criador Design Labs Website

    Criador Design Labs was founded by Abhishek Reddy and Hitesh Devara in 2017. Criador Design Labs is a product design firm that develops new, innovative hardware technology products for consumer healthcare sectors.

    The latest product by Criador Labs is EVE Health, a smart water bottle designed to improve medication adherence amongst patients with chronic diseases. It helps patients to stay aware of their dosages and reminds them when it’s time to take their medication. The bottle holds a patent-pending technology with sensors tracking medication intake and a Wi-Fi chipset sending live data to the servers. The data is analyzed and custom notifications and reports are sent to caretakers, hospitals, and insurance companies for taking appropriate actions.

    Green Cure Wellness

    Green Cure Wellness Website
    Green Cure Wellness Website

    Green Cure Wellness is one of the leading health startups in India founded by Sanchit Garg in 2015. Green Cure Wellness manufactures herbal personal care and health care products of international quality. It has a team of scientists in Germany who develop high-quality formulations adherent to the European norms.  

    Germany is the world’s leading technology hub for herbal and natural products. Green Cure leverages the age-old wisdom of Ayurveda coupled with German expertise to manufacture products that are free from side effects.

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    Conclusion

    Health is imperative for success in all aspects of life. The concept of startups is trending today and trends tend to change the world. So healthcare startups, without any doubt, are a significant game-changer.

    FAQs

    How many healthcare startups are there in India?

    There are nearly 5,295 health tech startups in India.

    What are health tech startups?

    Health tech startups are startups that have an online platform to provide healthcare solutions such as healthcare products, medicines and diagnostic tests.

  • Top 10 Business Ideas to Start in UAE

    As an entrepreneur, one must always think and plan to expand his or her business and always be on the lookout for opportunities. These opportunities can be in your home country or the land the of wealthy, UAE. The lifestyle in the UAE is posh and lux since it is home to some of the wealthiest people in the world.

    Trading or manufacturing quality goods or providing worthy service can take to new financial heights as people here are willing to spend money on quality goods and services. With a growing population, needs are increasing and so are the opportunities.

    Top 10 Business Ideas to Start in UAE

    1. Construction Agency
    2. Real Estate Agency
    3. Business in Health Sector
    4. Consultancy Service
    5. Beauty Brand or Store
    6. E-commerce Solutions
    7. Fish Farming
    8. Recycling
    9. Security Service
    10. Jewellery Making

    How to start a business in UAE

    Top 10 Business Ideas to Start in UAE

    If your wish to start your business in the UAE, below are some best business ideas that you can choose from.

    Construction Agency

    Constriction Business in UAE - Business ideas in Dubai
    Constriction Business in UAE – Business ideas in Dubai

    A Construction Agency in the UAE can be one of your best bets if wish to start a new business.  Due to numerous foreign investors seeking residential opportunities in Dubai and booming real estate has led to increased opportunity in the construction sector. Your agency can build for residential as well as commercial projects. It is one of the most profitable ventures in the UAE.

    Real Estate Agency

    Real Estate Agency in UAE - Business ideas in Dubai
    Real Estate Agency in UAE – Business ideas in Dubai

    Real estate has one of the greatest business opportunities in Dubai. There is almost a race going on for skyscrapers. The main reasons for this include increasing rent moderation, supply, and changing demand for executive positions in the employment market. Therefore, it could be a great opportunity for real estate entrepreneurs to initiate a real estate business in the UAE, especially in Dubai

    Business in Health Sector

    Healthcare Business in UAE - Business ideas in Dubai
    Healthcare Business in UAE – Business ideas in Dubai

    The UAE has reported higher birth rates, increased life expectancy, a rapidly shifting epidemiology profile, and a rise in the incidence of noncommunicable diseases. All these factors, combined with a shortage of healthcare workers, and low insurance penetration rates, create bright opportunities for firms looking to enter the health care sector in the UAE.

    Many big players in the health sector of UAE from the Gulf Capital itself and also London have seen splendid numbers in revenue. The investment bank Alpen Capital has estimated the healthcare spending in the UAE to expand by 13.1% annually in the next four years. This means that entrepreneurs looking to enter the healthcare sector in the UAE can have a healthy future.

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    Consultancy Service

    Consultancy Business in UAE - Business ideas in Dubai
    Consultancy Business in UAE – Business ideas in Dubai

    With the increasing number of businesses in the UAE, the need for consulting services is at an all-time high. Most of the companies in the UAE are new and at the incubation phase so they require advisory for efficient resource management.

    These companies generally outsource their planning and strategy to skillful consultants for more accurate and achievable solutions. Therefore, starting a consultancy can be very profitable since there’s no scarcity of clients in the UAE marketplace.

    Beauty Brand or Store

    Beauty Store Business in UAE - Business ideas in Dubai
    Beauty Store Business in UAE – Business ideas in Dubai

    The UAE is the land of wealthy consumers that are very much interested in beauty products. It is one of the best marketplaces for luxury beauty brands to thrive and trader to generate amazing sales. People are willing to spend their money on expensive products if they’re worth it.

    The diverse market has many options to choose from. Skincare, Makeup, Haircare, and Fragrances back their seller with great profits. Fragrances constitute a major chunk of the revenue as it is widely used in UAE. If you manage to build a great collection, there’s no limit to what you can achieve.

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    E-commerce Solutions

    E commerce business in UAE
    E commerce business in UAE – Business ideas in Dubai

    The Covid-19 pandemic proved to be a catalyst in the growth of the online business sector. It accelerated the growth of e-commerce to new heights. Just in the initial months of 2020, UAE saw a 300% increase in the demand for e-commerce among its customers. Thus, a company to provide easy ways out to such business owners are bound to make profits.

    Since many established brands are tilting towards e-commerce, it inevitable that they’re going to need expert solutions in the process which such companies are going to provide.

    Fish Farming

    The UAE primarily depends on imports to meet its food supply demands. To ensure food security, the government is encouraging foreign and local investments in aquaculture developments. They are willing to provide several incentives for the sector, along with fingerlings of local species, curating aquaculture frameworks, reducing institutional and investment constraints, and mapping out suitable sites for development.

    These incentives are coupled with the gradual increase in fish prices have made aquaculture in the region an attractive investment and business proposition.

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    Recycling

    Recycling Business in UAE - Business ideas in Dubai
    Recycling Business in UAE – Business ideas in Dubai

    Recycling is a relatively infamous yet profitable business. People have made millions in waste. Retail outlets in malls and high-end stores undergo a revamping procedure every two to three years as part of a clean image campaign. This creates opportunity and revenue for contractors.

    UAE government is working towards supporting such businesses as they need to manage their overall waste generated each year. Recycling also has great potential in the construction sector as it accounts for 60-70% of the total waste generated.

    Security Service

    Security service business in UAE - Business ideas in Dubai
    Security service business in UAE – Business ideas in Dubai

    There are Security Companies in the UAE that protect the people, private properties, and government entities. It is a profitable business option as there will always be a demand for security guards in the UAE. But you need to decide on a free zone or mainland setup.

    If you choose to establish your business in the mainland, you can freely trade with the local market. You can bid for government contracts that can be quite lucrative. On the other hand, is a free zone, you get 100% exemption from customs tax.

    Jewellery Making

    Home to numerous wealthiest individuals from the world, UAE is the perfect place to line up a jewellery company. The government has created specific rules and regulations to impose check-ups on those who bring gold or other valuable metals which are sold within the Dubai Souk.

    The UAE jewellery market had grossed 12 billion dirhams by 2020. Dubai leads the UAE jewellery market as it has tourists who find it cheaper than their home countries and enjoy an outstanding range of exquisite jewellery.

    Conclusion

    These were some fields in which you can make great profits in the UAE. With supportive laws, some of these sectors can also be sustainable in the long run. Rising demands are creating a market for new businesses that generate great sales and build a strong customer base. You too can establish a successful business in the UAE if you play by the rules, understand the culture, and offer quality service.

    FAQs

    Which business is profitable in UAE?

    Real estate, Business Consultancy and Healthcare are some of the profitable business ideas you can start in UAE.

    Is UAE good for business?

    Low tax rates, low import duties, free trade agreements, state of the art infrastructure, and a lot of other benefits makes the United Arab Emirates (UAE) a great place to start a new business.

    Can a Foreigner start business in Dubai?

    Yes, Any Foreigner can start a business in Dubai.