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Tag: Healthcare startup

  • Practo- Business Model & Revenue Model | How Does Practo Make Money?

    Numerous technological innovations and advancement has made the world a smaller place. Irrespective of type of business, online services is booming. The demand of online service has taken over the healthcare industry as well. Online doctor consultation is rising popularity and growing with high speed after Covid Pandemic. There has been 500% increase in online doctor consultations in India in 2020.

    Practo is one of those online doctor consultation platform which has revolutionized the healthcare industry. Practo enables consumers to find the best doctors, book appointments, and consultations for better health care decisons and treatment. The bangalore based healthcare platforms has gained tremendous popularity. Here are insights of Practo’s Business model, its revenue model, and more to know about Practo.

    About Practo
    Services Provided by Practo
    Business Model of Practo
    Why Should Doctors Use Practo?
    Practo’s Customer Segments
    Key resources for Practo
    How Practo makes money?
    Acquisitions of Practo
    Revenue Model of Practo
    FAQs

    Practo Business Model | How Practo earns money?

    About Practo

    Practo is an Indian based company that is now established in about 15 countries. It is an application that works as a bridge between doctors and patients and is mainly focused on booking interactions with doctors. It was founded by 2 Indian B.Tech students, Shashank ND and Abhinav Lal. They aimed to come up with a way to save or keep reports and other medical prescriptions. Their idea was then put into action and they came up with an online platform where the patients can interact with the best online doctors, book appointments and so on.

    Services Provided by Practo

    Their major value proposition for patients was to make online healthcare search easier. The application must be able to help patients look for various medical help like doctors, hospitals, clinics, laboratories, check-up and scan bookings and so on. This must be done through the app or website and without any issue. They should be able to get a virtual doctor on demand.

    The next plan was Practo Plus, which is a subscription-based membership. This is to provide perfect 24/7 care.

    Practo not just helps book appointments but also consult a doctor online. This is a cost and time-saving attribute in the app. In this case, the communication can be through audio call, video call and also image sharing through the app. This can help the doctors diagnose and give necessary medical advice.

    Just like Google drive helps us save details and records for future use, Practo drive helps patients store the necessary medical records like test results, prescriptions, schedules, etc. This is highly secure and safe.

    Business Model of Practo

    Practo Logo
    Practo Logo

    The first thing that a business has to do is to figure out the major activities and value propositions and make a perfect, working business model. Practo, being a common platform for patients and doctors, they had to make sure there was proper value provided to both sides.

    Why Should Doctors Use Practo?

    Practo competitors
    Practo competitors

    Practo helps the doctors get more patients and grow their practice online. They can hence maintain a better relationship with the patients and also chat with them whenever necessary. A prescription can also be uploaded through the app. Follow-ups and other notifications can also be given by the doctors to the patients. They can also publish health-related articles and tips. Practo makes the entire system easier and efficient.

    Practo provides a complete tool for clinic management for doctors which helps in generating invoices, reminders, storage of bills and prescriptions, etc. On the whole, the online visibility of the clinic and the doctor grows with the use of Practo.

    Practo’s Customer Segments

    Practo has segmented their customers into 3. Which are:

    Practo's customer segment
    Practo’s customer segment

    Key resources for Practo

    The major resources that they use are the website, the app, their staffs and manpower and Information technology.

    Their major activities are:

    • Marketing and advertising, through which they promote their product and services. With the growing use of social media, they use those platforms to promote Practo.
    • This, being a technology-based app, their another major activity is to develop an easy to use software.
    • They also had to bring in and enhance the network between patients, doctors, labs, clinics and so on.

    They also have the perfect customer relationship management strategies. They provide 24/7 customer service through mails, chat and also phone calls and their automated services, like notification system and SMS services have helped them maintain customer relationships.

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    How Practo makes money?

    Any company thinks of how to increase revenues and hence generate more profits. Practo also has its way to make huge revenue. We know that Practo has a few products and services and using this they generate the revenue.

    They initially started by taking a certain percentage of money for every booking that takes place. As they expanded, they found more opportunities to get better revenues.

    Practo charges the doctors and hospitals some money for getting listed in the app or the website. This also gives them some revenue. They are now expanding their domain and are now connecting bigger hospitals, labs and pharmacies and take commissions from all these. This is their basic revenue model. Over this, there are a few other ways by which they generate revenue.

    Acquisitions of Practo

    They get revenues through their acquisitions. Practo has acquired 4 companies.

    • QikWell: It is an online appointment booking software
    • FitHo: It is a disease prevention app
    • Genoo: A software development firm
    • InstaHealth: Hospital management software

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    Revenue Model of Practo

    Over the years, Practo has helped doctors reach a lot of patients and also helped them practice medicine.

    Just like there are search results on search engines, Practo has a search result. Doctors need to get on top of the list to be able to do more online consultations and hence earn more. Practo Profile sells premium listing and for this, the doctors have to pay some money. This is a part of their revenue.

    The next way of generating revenue is through Practo reach wherein, Practo provides ad spaces on their website and app. It is available in various sizes and the payment depends on various factors. Displaying ads on their website also gives them good revenue as we know that Practo has a lot of users.

    There is another division in Practo which is called as Practo Ray. This helps the doctors Manage the hospital or clinic. It is a PMS (Practice Management Software) for the doctors. For doctors to use this, they need to pay a fee, monthly. This is the largest source of revenue for Practo.

    Next comes Practo Plus. It is a subscription-based yearly healthcare plan for patients. It offers unlimited online doctor consultation and Practo gets some revenue from this too.

    Practo earns from medical deliveries too. Now that they have tie-ups with labs and pharmacies, they get some commission for bookings and also from delivering medicines to the patients. They also make the sale of medicines to drug stores and chemists.

    The main reason for Practo to be able to attract the customers is because they can cover the right audience. They know that there is no big point in covering famous doctors as they would have already established themselves and would not pay much for Practo and so, they started by approaching new doctors and clinics who will need to get patients. Also, there are not many competitors in the field as Practo has already attracted most doctors and patients and it is well established.

    FAQs

    What is the revenue of Practo?

    Practo has recorded a revenue of Rs 124.3 crore for the financial year ended March 31, 2019.

    How does Practo work?

    Practo offers a secure and encrypted platform for patients to connect with doctors online to interact at their own convenience.

    What is the valuation of Practo?

    Practo valuation stands at $904 Million (April, 2021).

    Who are the top competitors of Practo?

    The top 10 competitors of Practo are:

    • Lybrate
    • DocsApp
    • 1mg
    • Goqii
    • Portea

  • Everything You Need To Know About Supply Chain Network (Case Study)

    Supply Chain Network is the network between the source of the product to the customer. Each company needs to distribute the product at a low cost to the customer. So we are going to see a supply chain network design case study of products in the coming sections.

    Supply Chain Network design is very important to understand as it helps you calculate the cost and time required for the product to reach the market. This supply chain management case study will give you examples and show you that there is no definite way to design a supply chain design as it depends on the distance between the source of the product and the market.

    Supply Chain Network Design Case Study Of Household Goods
    Supply Chain Management Case Study for Footwear Company
    Supply Chain Case Study for Pharma Company
    Supply Chain Case Study For Safety Equipment Company
    Supply Chain Case Study for an Electronics Company
    Frequently Asked Questions

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    Supply Chain Network Design Case Study Of Household Goods

    supply chain network of household goods

    As we all know that the network design in the supply chain works with basic tasks, for example, the producer takes the raw material from the supplier then they produce the product then they sell it to the customers. Every company has its own supply chain network design or model. One of the main network design case study examples is of a household manufacturer. The manufacturer of cookware, dinnerware, or household tools wants to change its supply chain management system.

    • The first step of network design in supply chain management is to make the manufacturers create a team that will design the best supply chain management system for the company and also looking at the major locations and gather all the data they needed to create the supply chain system.
    • In the second step, the data is gathered, analyzed, and developed into a suitable chain network for the company. Meetings are progressed to validate the plan for the management system.
    • Third, a trial has to be prepared to test the accuracy of the plan. Then, focusing on that a long term plan is developed.
    • Fourth, also looking at other alternatives to get the best plan for the supply system. All the alternatives for supply chain network designs are compared to each other to get the best model for the supply chain. Overall the best model is chosen in terms of cost and service of the performance, after that it is evaluated practically.

    There is not any plan which can be used forever. After each interval of time, the company has to modify its plan according to the company’s performance and demand.

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    Supply Chain Management Case Study for Footwear Company

    the supply chain of footwear company
    the supply chain of footwear company

    This supply chain case study examples is based on footwear companies mainly focuses on three major channels:-

    • First, they focus on retail outlets so that people can purchase products physically from there. It can build trust and relationships with customers which is beneficial for the company. Choosing one of the best locations for retail outlets is one of the biggest challenges for the company also.
    • Second, B2C sales directly target potential customers. It is very beneficial for the company as it reduces the cost of transportation but is not profitable all the time. Many companies also hire third-party companies to manage B2C sales.
    • Third, E-commerce websites are one of the favourite platforms for many footwear companies as they drive sales campaigns which boosts their sales and profit of the company. It does not require any transportation system by the company as all the distribution system is managed by the e-commerce company.

    Supply Chain Case Study for Pharma Company

    supply chain design for pharma company

    Designing supply chain network for distribution systems for medical or pharma companies is very difficult. It is strictly bounded by rules and regulations of the government as well as temperature. It has to be shipped in special packages as well as within a tight delivery schedule system. The network design in supply chain of the pharma industry depends on the current demand and forecast information from the customers.

    The manufacturers can not create an optimal supply chain as there is a fluctuation of demand from the customers from different locations. The supply chain management mainly focuses on improving customer delivery performance and reduce transportation costs for a more optimal region.

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    Supply Chain Case Study For Safety Equipment Company

    supply chain of safety equipment companies

    The supply chain of safety equipment depends on the demand from the market. Not everyone needs a safety kit so its model varies from time to time. One of the recent supply chain case study examples is when we are looking at the coronavirus pandemic situation, the more amount safety equipment for doctors to keep away from infectious viruses, the better it is. So the company needs to develop the best model for this situation.

    On the other hand, on normal days there is very less amount of demand so they have to develop a plan for that situation. Other safety kits like a fire extinguisher need to be transported in a very safe manner so that no harm is done to the equipment. The company has to check out different types of supply chain network and design the model of the supply chain according to the product and demand from the market.

    Before making the model of the supply chain the company has to investigate the present situation and also looking for an alternative of the plan. The company has to do in-depth analysis and physical design and make detailed information about the situation and then finalize the network design in supply chain management.

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    Supply Chain Case Study for an Electronics Company

    supply chain of electronics company

    According to a supplier management case study, the manufacturer of an electronics company needs to be up to date with the model of the supply chain network to compete within the industry. To give focus on an area and prioritize the supply chain.

    • In the initial phase, the team of the supply chain gathers data from the targeted audience and market and also from their direct competitors. They compare all the data to get the best model of the supply chain.
    • The initial stage of the model is an opportunity to cut the unwanted transportation spend and identify the saving opportunity while improving the model of the supply chain.
    • The company can also reduce the number of carriers by improving the product packaging, labelling, and tendering process. By improving the product packaging it can reduce the cost of shipment from different locations.

    There is a lot of different supply chain network design for each product. The company decides according to the demand of customers and the market. They implement the best possible plan in that condition. It can vary from company to company.

    Conclusion

    As per this supply chain network design case study, there is no one size fits all solution for the supply chain industry but rather you need to stay up to date with the latest trends and be willing to update to the newest technologies whenever the situation arises. We hope this supply chain case study gave you some insights on the initial steps you have to take to be successful in the industry!

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    Frequently Asked Questions

    What is a supply chain network?

    In simple terms, the supply chain is the process that encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end-user.

    What are the 5 basic steps of supply chain management?

    As per this supply chain management case study, the basic five steps of Supply Chain Management to keep in mind when strategizing are Plan, Source, Make, Deliver and Return.

    Are supply chain jobs in demand?

    Yes, there will never be a time when this will go out of fashion. The process will only get more automated with time.

    What is the importance of supply chain network design?

    The main reason for a supply chain network design is to assess company policies and programs and to meet targets to accomplish long‐term strategic objectives.

    What is the difference between supply network design and supply chain network design?

    According to many network design case study, supply network is developed by connecting multiple supply chains. Consider the operational activities within your organisation, these will be classed as a Supply chain and will deliver value to your organisation.

  • What’s Up Wellness Sucess Story- How are they making Staying Healthy Easy and Fun?

    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 What’s Up Wellness.

    Today’s busy and hectic lifestyle leaves many of us with no time to cook and eat wholesome and nutritional meals, which leads to nutritional deficiencies and health issues. Taking accurate nutritional supplements can help us stay fit. But, most health supplements come in the form of tasteless pills and capsules or blunt-tasting powders that make taking supplements an uninteresting process. As the result, many of us forget or avoid taking health supplements regularly. Kolkata-based startup What’s Up Wellness is solving this issue with their yummy tasting health supplements that we bet you will never forget to take.

    What’s Up Wellness – Company Highlights

    Startup Name What’s Up Wellness
    Headquarters Kolkata, India
    Industry Health & Fitness
    Founded 2020
    Founders Sayantani Mandal & Vaibhav Makhija
    Website www.whatsupwellness.in

    About What’s Up Wellness
    What’s Up Wellness – Founders
    The Idea behind Starting What’s Up Wellness
    What’s Up Wellness – Name, Tagline & Logo
    What’s Up Wellness – Business Model & Revenue Model
    What’s Up Wellness – User Acquisition
    What’s Up Wellness – Tools Used
    What’s Up Wellness – Challenges Faced
    What’s Up Wellness – Funding
    What’s Up Wellness – Competitors
    What’s Up Wellness – Growth & Future Plans

    About What’s Up Wellness

    What’s Up Wellness is all about making wellness fun! The startup has been formed with the aim of making wellness-related products that are not just good for health but are also fun and easy to incorporate into our daily lives.

    The company’s first product,’ What’s Up Beauty Gummies’ is a nutritional supplement enriched with vitamins for hair, skin, and nails. These chewable gummies are easy to take as you just need to remove the wrapper and have it. Also, these gummies taste great and can be taken by both men and women.

    Eating one gummy daily for 90 days will reduce hair fall, make hair stronger, hydrate and soften up the skin and will make the nails stronger. All in all, 90 days to a more beautiful you!

    These gummies do not contain any artificial colors and are vegan, preservative-free, and gluten-free.

    What's Up Wellness Products
    What’s Up Beauty Gummies

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    What’s Up Wellness – Founders

    Sayantani Mandal and Vaibhav Makhija are the founders of What’s Up Wellness.

    What's Up Wellness Founders Vaibhav Makhija and Sayantani Mandal
    What’s Up Wellness Founders, Vaibhav Makhija and Sayantani Mandal

    Sayantani has 5+ years of experience in creating content & brand strategy for digitally native brands. Creating the right content that hits the right chord with the users is her forte. After having worked full-time as a content creator for The Man Company & Grofers, she has consulted brands like ShopClues, Jindal Stainless, SkinBae & Kajaria. She’s taking care of sourcing, new product development (NPD), social media, branding, and communication for What’s Up Wellness.

    Vaibhav has around 5 years of experience handling digital ads, product management, email marketing, partnerships & alliances, and CRM for various D2C brands like The Man Company, Grofers, Peesafe, Fizzy Goblet, Nonu Care, and more. He has worked on making these businesses operationally profitable – controlling and optimizing various input and output factors like customer acquisition costs (CAC), RTO, retention, LTV, conversion rate optimization, and more.

    The Idea behind Starting What’s Up Wellness

    The founders Sayantani and Vaibhav stayed away from home for over 10 years, busy building their careers. They were too busy to eat proper food and take care of their health. They realized that like them many youngsters who stay away from home fail to manage enough time to have nutritional and timely meals, which resulted in deficiencies and health issues.

    “We saw that a lot of people in their late 20s/early 30s are now facing issues which were earlier faced by people in their late 30s/early 40s” says Sayantani and Vaibhav.

    To address this issue, Vaibhav and Sayantani thought of coming up with health supplements that busy people can easily have, and stay fit and healthy.

    Soon they started working on the product, What’s Up Beauty Gummies’. They took help from many doctors while formulating the product.  Sayantani and Vaibhav also started a small test group of 20 people, where they tested for taste, brand name, packaging, etc. After receiving positive feedback on all parameters, the brand was officially launched.

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    Many Indian people are still much skeptical about including health supplements in their daily lives. Sayantani and Vaibhav wanted to break the stigma associated with health supplements and wanted to introduce their brand in a way that people find fun and interesting to try out.  So when it came to naming the brand they wanted a funky name that sounds energetic and can send out positive vibes to the users. So they decided on the name What’s Up Wellness

    What's Up Wellness Logo
    What’s Up Wellness Logo

    What’s Up Wellness’ tagline is ‘Wellness Made Fun’

    What’s Up Wellness – Business Model & Revenue Model

    What’s Up Wellness currently has one product ‘What’s Up Beauty Gummies’, which is being sold via the company’s own website and also e-commerce sites like Amazon and Flipkart. The majority of the sale is happening through the company’s website.

    ‘What’s Up Beauty Gummies’ are priced at Rs 899/- for a 30-day pack.

    What’s Up Wellness – User Acquisition

    What’s Up Wellness had a test group, that tried the products before the brand was officially launched. The first 50 customers were from friends, family, and acquaintances. The startup has also gained thousands of customers via Facebook and Instagram ads, and from marketplaces like Amazon and Flipkart. ‘What’s Up Wellness’ has also received many customers through word of mouth.

    “the only thing that can both attract and retain is the quality of the product, and its efficacy. We don’t have to do anything extra for repeat, it is already pretty decent. And we get a good chunk of our customers via word of mouth “- the founders said speaking about the customer acquistion strategies followed by the startup.

    What’s Up Wellness – Tools Used

    Tools used by What’s Up Wellness for their daily operations are

    • Shopify
    • Google Workspace
    • Canva
    • Pickrr for shipping
    • Klaviyo for email marketing

    What’s Up Wellness – Challenges Faced

    Being first-time entrepreneurs, every step of building the startup was quite challenging for both the founders.

    “Operations, packaging, product development, all of the things are ones which we never did. We learnt on the go, and talked to hundreds of people to learn the nitty gritty of various things” Speaking about the challenges, What’s Up Wellness founders Sayantani and Vaibhav said.

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    What’s Up Wellness – Funding

    What’s Up Wellness is currently bootstrapped

    What’s Up Wellness – Competitors

    The health supplement market is ever-growing. The Vitamins and Mineral Supplements industry is worth USD 2.1 billion in India right now, slated to grow to USD 4.2 billion by 2030. While the gummy supplements market alone will be worth USD 300 million by 2030. What’s Up Wellness is competing with many established brands in this competitive market. Some major competitors of the startup are Power Gummies, Man Matters, and Be Bodywise.

    What’s Up Wellness – Growth and Future Plans

    What’s Up Wellness is growing steadily. As claimed by the founders, the startup is growing 100% month on month. The startup is working on building more products and is set to launch 5 more SKUs in 2022. Research and development is in the advanced stage for these new products. With more interesting supplements, What’s Up Wellness aims to capture a significant share of the nutritional supplement market in the next 5-6 years.

  • List of IoT-based Healthcare Startups In India – [2021]

    The prototype of healthcare companies in India is changing.

    The technologies like artificial intelligence, machine learning, augmented and virtual reality and telecommunications are now amalgamated into health care services, giving rise to better healthcare facilities with more precision and efficiency.

    And this got merely possible because of IoT technology. The Internet of Things (IoT) is able to change the way we work and live. The ecosystem of connected physical objects, which are accessible via the internet, is called IoT.  If IoT comes to its full potential, it will change all areas of our lives.

    This can be testified by looking at the type of change in the healthcare sector where paper and pen are the primary means of documenting information of patients for decades. But now, the healthcare industry is developing in a new way.

    Digital health care applications allow patients to plan their appointments without having to wait for a receptionist or call the doctor’s office. Also, it allows doctors to transfer information with patients via smartphones.

    How IoT can change Healthcare Industry

    How IoT is changing the Healthcare Industry
    List of IoT-based Healthcare Startups in India
    1. Spectral Insights
    2. Forus Health
    3. Cardiac Design Labs
    4. Bagmo

    Conclusion
    FAQs – IoT Healthcare Companies

    How IoT is changing the Healthcare Industry

    There are so many impediments to the growth of the healthcare system. It includes the increasing cost of treatment, shortage of medical professionals, the lack of adequate infrastructure, lack of access to quality healthcare in rural and remote areas, and the increase in chronic diseases. The IoT healthcare startups in India can help to meet the demands of today’s increasing patients.

    Some of the benefits of IoT in the healthcare sector are:

    Advantages of IoT in healthcare
    Advantages of IoT in Healthcare

    1. Improves the quality of healthcare

    IoT healthcare startups enable easy access to healthcare data of patients via simultaneous reporting and monitoring through connected devices. It will enhance the ability of healthcare providers to offer customized treatments for patients and evidence-based treatments. Also, It ensures the wider coverage of patients and a shorter treatment cycle.

    2. Reduced medical costs and errors

    IoT helps to monitor health parameters using mobile health applications and diagnostic tools. Also, it gives live reports to doctors via interconnected devices. Medical personnel can make decisions using this collection of health data. It will reduce medical errors. As a result, hospital stays, re-admissions, and unnecessary visits to the hospital will be reduced.

    3. Healthcare accessibility in rural areas

    The IoT can increase the reach of quality healthcare to rural places via remote health monitoring. IoT enabled patients who live in remote villages to connect with doctors in urban specialty hospitals from their homes.

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    List of IoT-based Healthcare Startups in India

    In recent years, there has been limited growth in the Indian healthcare sector with the country lagging behind in many health indicators.

    Currently, India is the second-most populated country in the world. And 20% of the global disease burden is in India itself. Also, infant mortality rates and maternal mortality rates are high in India. The Internet of Things (IoT) based healthcare companies have the potential to transform our healthcare system into an efficient, integrated, and patient-centric system.

    The Internet of Things (IoT) has got the attention of everyone in India. The Indian government announced that it plans to make a $15 billion IoT market in the country. Medical Council of India reported that the doctor-patient ratio is 1: 1674 in India. In this situation, IoT can be a great leveler.

    Some of the IoT-based healthcare startups in India are mentioned below:-

    IoT has the potential to revolutionize the healthcare sector in India
    IoT has the potential to revolutionize the healthcare sector in India

    1. Spectral Insights

    Spectral Insights is a technology company providing solutions and systems to solve the challenges in the healthcare industry. The company was co-founded by Prasanth, Dipankar Das, Sumit Nath, Raghubansh Gupta, and Suhash Gerald in 2016. They have created a platform that provides innovative imaging, advanced analytics (AI/ML), and digital microscopy for hospitals, pharma R&D, and clinical laboratories. The headquarters of the company is situated in Bengaluru, Karnataka.

    The company operates with the pathology department to give any time access to high-quality digital slide images (blood smear, biopsies, TB, pap smear, etc.). Also, it offers a comprehensive suite of analytical tools to their clients that improve accuracy, and objectivity. Spectral Insight is a multi-faceted platform with spectroscopy, optics, artificial intelligence, algorithms, data management, visualization, and cloud computing.

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    2. Forus Health

    Forus Health is founded by a group of engineers in 2010. It is a medical technology startup with a goal to eliminate avoidable blindness. Over the years, they have developed technology solutions to increase affordability and access to eye care. The first product of the company is 3nethra classic. It is a portable and compact non-mydriatic fundus camera used for taking digital images of the anterior (cornea) and posterior (retina) segments of the eye.

    The device will help to identify common eye problems such as glaucoma, diabetic retinopathy, cataract, ARMD, etc. Also, it is integrated with a cloud-based telemedicine platform that enables remote diagnosis. There are 40 million people who are blind in the world out of which 15 million people are living in India. The major reasons for this problem are the high cost of treatment/surgery, limited access to eye care facilities, and lack of awareness.  The aim of Forus Health is to utilize technology to reduce diagnostic costs, increase access, and raise awareness.

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    3. Cardiac Design Labs

    Cardiac Design Labs is founded by Anand Madanagopal in 2011. The headquarters of the company is located in Bengaluru, Karnataka. They offer diagnosis and cardiac monitoring by deploying intelligent systems that give automatic remote reporting. It saves both cost and time. Their aim is to provide advanced diagnostics to the peoples in an affordable way. The company has created a wearable device named MIRCaM (Mobile Intelligent Remote Cardiac Monitor).

    That device is able to provide real-time cardiac monitoring and diagnosis in remote settings. In India, there are only 4000 cardiologists for 64 million cardiac patients. Anand Madanagopal believes MIRCaM can bridge this gap. They have a core team of experts, from different disciplines, including material science engineers, cardiologists, software and system hardware engineers.

    4. Bagmo

    Bagmo Pvt Ltd. is founded by Ashfaq Ashraf, Anas Dalinatakam, and Arshad KA in March 2017. The headquarters of the company is located in Kochi, Kerala. The aim of the company is to eliminate the lack of blood availability in rural India. They created a blood bag monitoring device. It will monitor the temperature of blood bags during storage and transportation. Each blood donation will be recorded on the cloud platform. After the testing, the components (blood cells, plasma, platelets) will be stored in separate bags.

    This B2B company helps to improve communication and logistics issues. Also, it helps reduce wastage at blood collection centers. An RFID (radio frequency identification) card is connected to each bag. The refrigerator that stores the bag and its unique ID will be stored in the cloud. In blood requirement cases, the individual/hospital needs to enter the details in the cloud. Then the blood bag monitoring device shows which bag is suitable for the requirement and in which refrigerator that bag is stored.

    Simply Blood: World’s First Virtual Blood Bank Startup
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    StartupTalkyShubham Kumar

    Conclusion

    So far we have seen what advantage IoT brings to the healthcare industry. This gives a gist of how IoT is going to be the future of the healthcare industry by solving the pain points of patients.

    IoT with its far-reaching benefits and patient-centric approach has the potential to revolutionize the healthcare sector in India. But for making a maximum result, support infrastructures should be more strengthened. It includes a low cost of IoT-enabled devices, internet availability and reliability, strong IT framework, data security and privacy, and seamless user experience.

    FAQs – IoT Healthcare Companies

    What does IoT mean in Healthcare?

    IoT (Internet of Things) enables healthcare professionals to keep a watch on their patient’s conditions and connects actively via smart devices. IoT devices are tagged with sensors to track the real-time location of medical equipment like wheelchairs, defibrillators, nebulizers, oxygen pumps and other monitoring equipment.

    What is the role of IoT in health and fitness monitoring?

    IoT will be the future for monitoring the patient’s health. As the combination of IoT and wearable devices like fitness bands helps to monitor and improve their health. Moreover, IoT based healthcare system provides service in a quick manner which would help to save millions of lives.

    How does IoT affect our life?

    IoT-enabled devices and sensors are helping us in making our life easier by making everything possible from our smart devices. One does not have to put extra effort into spying on any smart appliances. It can be monitored by their smartphones from anywhere. It also helps to reduce air pollution, waste management, improve agriculture and food supply.

    Is IoT the future?

    The future of IoT has the potential to be limitless. Advances to the industrial internet will be accelerated through increased network agility, integrated artificial intelligence (AI), and the capacity to deploy, automate, orchestrate and secure diverse use cases at hyper-scale.

    What are the main social impacts of IoT?

    IoT devices impact society in a meaningful way. Smart homes and offices can save energy costs by controlling the electricity or temperature when one is away from home or work, and they can offer better security by constant surveillance and taking proactive action in case of a security breach.

    Which companies are working on IoT in India?

    Nearly all companies are shifting towards IoT. Some big companies are:-

    • TCS
    • Infosys
    • Hyperlink InfoSystem
    • Wipro
    • Tech Mahindra
    • LTI
    • HCL Tech
    • Mphasis

    How companies are using IoT?

    Companies are using IoT for the following purposes:-

    • To improve customer satisfaction by providing instant support through the integration of chatbots and artificial intelligence with IoT.
    • Better inventory management and tracing of assets by embedding surveillance system with IoT.
    • To gather information about the customers in order to study their requirements, buying behavior and the scope of improvement.
    • To check the performance of their product or service.
    • IoT allows companies to facilitate omnichannel services.
    • To obtain real-time data of customers for better decision-making by minimizing the risk and cost.

    What are the different ways in which IoT devices are used in healthcare?

    IoT devices offer a number of opportunities for hospitals to monitor their patients and patients to monitor themselves.

    • Remote patient monitoring has become the most common application of IoT devices for healthcare.
    • Glucose monitoring has become easy now. Patients can monitor their glucose levels on their smart devices.
    • Heart rate monitoring can also be done easily via IoT devices with approx. 90% of accuracy.
    • The wearable fitness band is also an IoT device that helps to monitor or track the physical activities of the person. It also monitors their heart rate, sleep quality, step counts and much more.

  • StayHappi Pharmacy – Making HealthCare Affordable with Generic Medicines!

    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 the organization it is StayHappi.

    Medicine is considered to be one of the most important necessities for all of us. It is concerned with maintaining and restoring human health, and the role of a pharmacist is vital for the benefit of the patients. With the rapid growth of the pharmaceutical industry, the market players need to provide these lifesaving drugs at a fair financial value that is of the best quality as well.

    A humanitarian belief is that everyone should be able to get the opportunity and access to necessities that include medicine and health-care as well. To provide these life-saving high-quality medicines, drugs, and prescription remedies at an affordable price is what StayHappi envision. StayHappi Pharmacy practices this right and serves these legitimate medicines at the right costs by providing them the authority to make this right choice. They offer High-Quality Generic medicines at 30- 90% lower MRP than the branded medicines and progressing towards making Healthcare more affordable.

    Read more about StayHappi Company Profile, Founders, Business Model, Revenue, Growth, Pharma Industry etc.,

    StayHappi Pharmacy- Company Highlights

    Startup Name StayHappi
    Headquarter Delhi, India
    Sector Pharmacy
    Founders Ms. Arushi Jain
    Founded October 2017
    Parent Organization SarvaGunAushdhi Private Limited
    Website stayhappi.in

    StayHappi – About and How it Works
    StayHappi – Pharmacy Industry
    StayHappi – Founders and Team
    StayHappi – Name, Tagline, and Logo
    StayHappi – Product and Services
    StayHappi – Business Model and Revenue Model
    StayHappi – User Acquisition and Growth
    StayHappi – Startup Challenges
    StayHappi – Make In India Initiative
    StayHappi – Future Plans
    StayHappi – FAQs

    StayHappi – About and How it Works

    StayHappi Pharmacy was incepted with a firm belief to serve humanity by providing High-Quality Generic Medicines at ‘Real and Affordable’ prices. It provides medicines with their molecule name and not by the brand name, where patients will have the power to choose the right medicine and make a smart choice.

    Generic medicines are as good as branded medicines and have similar dosage, intended use, effects, and side effects, route of administration, risks, safety, and strength as the original drug. Their low prices offer High Value to the patients as the company aim to provide quality healthcare at affordable prices for everyone and everywhere.

    StayHappi Pharmacy partners with retail outlets/sub-franchisee, manufacturers, and development partners for increased access to medicines for everyone. Their partners manufacture about 15% of the country’s total medicinal consumption and maintain the highest standards of quality. Their facilities are regularly audited and approved for manufacturing by regulating authorities like the US FDA, WHO GMP, USNSF, NABL, PICS, ISO 9001-2008, and ISO 14001-2015.

    The company has a central warehouse and a robust supply chain with a distribution network across all states in the country. Thus it creates employment opportunities for thousands of pharmacists, doctors, and business opportunities for entrepreneurs.

    StayHappi pharmacy is progressing towards the expansion of Retail Pharmacy Stores along with online Presence across India to make Healthcare more affordable.

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    StayHappi – Pharmacy Industry

    The pharmacy market in India is primarily governed by the branded drugs in terms of the methodology of how Indians buy their Medicines. But, now the trend is changing into a generic base but it is going to take a long time before it gets into the culture of the Indian population from the generic perspective.

    StayHappi – Founders and Team

    StayHappi was founded by Arushi Jain who leads the company as an executive director.

    Arushi Jain - Owner of StayHappi Pharmacy
    Arushi Jain – Founder, StayHappi Pharmacy

    Dr. Sujit Paul is Managing Director of StayHappi. He is a proven leader and part of Top Management with board-level experience, Dr. Sujit Paul, aged 42, has extensive exposure to multi-national as well as large and medium-sized organizations in various corporate culture and carries over 20 years of experience. He also received an award as a World’s Greatest Leader 2018-2019 Asia & GCC in Dubai.

    Other than a thriving professional life, Sujit enjoys reading and travelling across the globe and works for stray animals. He is a believer in ground-level realities and possesses a strong team-building attitude.

    StayHappi team has over 30 years of experience in the pharmaceutical industry from manufacturing, supply chain, distribution, and marketing. Since its inception, the company has hired experienced and erudite executives from pharmaceutical and retail industries who work towards ensuring that the company achieves what it aims towards the end consumers and patients.

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    The mission of the startup is to ensure that everyone stays more healthy and happy, so ‘StayHappi’ and the logo depict the ‘happy human’. And hence, it has a connotation with the word StayHappi and a logo as what it is.

    StayHappi Pharmacy Logo

    StayHappi – Product and Services

    The company deals with products like Allopathic, Ayurvedic, Herbal medicines, Neutraceuticals, OTC, Consumables, Cosmetics, Surgical items and Medical Devices.

    StayHappi pharmacy provides high quality generic medicine, so that people get the best allopathic medicines at the least price possible. They offer a complete range of high quality allopathic medicines across all major therapeutic segments at affordable prices. The demand for Nutraceuticals is on a surge and StayHappi provides these products as well.

    StayHappi Stores provide Ayurvedic Medicines as well, to complete the basket of healthcare and cater to people who have an affinity towards Ayurvedic and Herbal Medicines. Their Ayurvedic Product Range covers the following segments: Respiratory, Cough and Cold, Rejuvenating Agent, Liver Support, Memory Support, Anti-inflammatory, Arthritis Support, Laxative, Skin Health, Tonics, Digestive Aid, Circulation Support, Blood Sugar Support, etc.

    Apart from this, medical consumables and cosmetics are also available at StayHappi Stores. It is the one-stop shop for customers’ healthcare and wellness needs. The wide range of products caters to all kinds of customers’ needs. It offers a variety of quality-certified and low-priced generic alternatives to all your essential healthcare and grooming products. So now, you can start saving a considerable amount on your monthly expenses.

    StayHappi offers a range of quality-certified healthcare equipment that you can rely on. What’s more, they also help reduce your critical care bills substantially.

    StayHappi – Business Model and Revenue Model

    StayHappi Pharmacy is broadening its horizon to reach the customers via all the platforms. Thus, it is a combination of an offline and online segment, covering the wide market. Being available at all the platforms helps the brand to understand the pattern and how to mold its strategies to cater to the patients/customers. Its business model follows ethical trading medium with major onset on retail outlets. It also follow franchise and store-in-store model where a kiosk is set up in an existing outlet introducing customers to the medicines. By ordering medicines in bulk, the overall cost of the product is low. With StayHappi Pharmacy, customers can purchase high-quality generic medicines  at prices that are 30%-90% less than the commonly retailed price of the same medicine in India.

    The brand’s revenue model is definitely there, in terms of getting more and more retail stores and thereby when the medicines are handed over to the end consumers definitely revenue rotates on its own perspective. The similar revenue model also rotates when from the online platform a medicine reaches the household.

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    StayHappi – User Acquisition and Growth

    At every business level, the flexibility is scaled up through mantra and one who is flexible and reliable along with a thorough understanding of the market can lead to success. StayHappi Pharmacy is doing lots of marketing campaigns all across offline, online, ATL, and BTL to make consumers more aware of buying high-quality medicines at affordable prices and that’s how it happens.

    “Getting the first customer was a little painful because Indians primarily believes in buying branded drugs or drugs that the clinicians have written in the prescription. So, it was a fight and the brand slowly started winning from 1 to 2 and 2 to 4 and 4 to thousands of users”, says Arushi Jain, StayHappi founder.

    People started believing that yes, StayHappi actually offers good high-quality medicines. So, it is the brand’s continuous endeavor to plant-in the ideals to the end consumers by saying that you have an option to actually and effectively save money in your bills which you can do by buying a good quality branded generic. This methodology is still working.

    The brand opened its first store in May 2018 and in just one year, the brand has been able to open its stores 279 locations across 67 cities in 12 states including Delhi/NCR, Punjab, Uttar Pradesh, Bihar, Karnataka, Kerala, Tamil Nadu, Noida, Tiruchirappalli, Mumbai, Bhakal, Kolkata, Puducherry, Erode & Chennai, and more.

    StayHappi – Startup Challenges

    The challenge that StayHappi faced initially was clinicians writing branded drugs in the prescription. For many years, consumers and patients are under the impression that they will consume only what the clinicians write. So, to overcome that, the startup started to educate the common mass and once they understand the true value of it, then they are sticking to it. A few of the methods were advertisement in newspapers, radio along with organizing health camps.

    The company also faces tough challenges especially in partnering with retailers. right from pitching, to convincing, to getting up the signage, and eventually ensuring product availability is really a tough challenge but the company has been successful in overcoming it.

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    StayHappi – Make In India Initiative

    In consonance with the Prime Minister’s vision, StayHappi is a nationwide chain of retail pharmacies to support ‘Make in India‘ drive with quality medicines and other healthcare products at realistic prices.

    The current universe is dominated by brands where marketing companies expend exorbitant amounts of resources to drive demand of particular brands, and patients get these medicines at very high prices. StayHappi pharmacy will fulfill the government’s aspiration to implement the Uniform Code of Pharmaceuticals Marketing Practices (UCPMP) without any efforts or legislative compulsion with respect to availability of high quality medicines.

    StayHappi – Future Plans

    StayHappi plans to scale up and reach every nook and corner in the country and to make “Health for all” a reality. A combination of an offline and online platform at an affordable medicine segment with high quality will definitely be a beneficial combination to move ahead. So, the future plan of the brand is to build a robust mechanism of an online platform clubbed with an offline.

    It plans to add 1,000 retail pharmacy stores by 2020 and will launch 1,000 products in a phased manner. Subsequently, the company will increase the product mix that would offer a comprehensive range of products covering all types of therapeutic form, dosage forms, consumables, and healthcare products.

    StayHappi – FAQs

    Who is the Founder of StayHappi?

    StayHappi was founded by Arushi Jain who leads the company as an executive director.

    What is StayHappi Phramacy Revenue?

    StayHappi generates around $4.6M in revenue

    What does StayHappi Pharmacy offer?

    It provides High-Quality Generic Medicines at ‘Real and Affordable’ prices

    What is Generic Medicine?

    Generic drugs are copies of brand-name drugs that have exactly the same dosage, intended use, effects, side effects, route of administration, risks, safety, and strength as the original drug

    Is Generic Medicine safe to use?

    Yes. Generic Drugs are regulated and go through a review process before they’re approved. The FDA tests them to make sure they offer the same benefits as brand-name medications and that any different ingredients used in the generic drug are safe.

  • 3Hcare – Find the Best Healthcare Services In India

    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 3Hcare.

    Diagnostics tests are done to find if a person has a certain disease. An accurate diagnostic test is important to avoid trial and error in treatment. 3Hcare, a Delhi-based healthcare startup is here to ensure that your diagnostics are done safely and conveniently. It provides different health packages, 3Hcare Thyrocare Aarogyam being the most popular one. Read this article to know more about a healthcare startup in India, 3Hcare and its success story.

    3Hcare – Company Highlights

    Startup Name 3Hcare
    Headquarters Delhi
    Founders CA (Dr.) Ruchi Gupta, Dr. Ravinder Pal Singh Malhotra & Dr. Gurdeep Singh Ratra
    Sector Healthcare
    Founded September 2016
    Funding $1.1 Million
    Parent Organization 3Hcare.in

    About 3Hcare
    3Hcare – Healthcare Industry Details
    3Hcare – Founders of 3Hcare and Team
    3Hcare – How was 3Hcare Started?
    3Hcare – Name and Logo
    3Hcare – What is 3Hcare?
    3Hcare – USP and Innovation
    3Hcare – Revenue Model
    3Hcare – Funding and Investors
    3Hcare – User Acquisition
    3Hcare – Startup Challenges
    3Hcare – Future Plans
    3Hcare – FAQs

    About 3Hcare

    3Hcare is a Delhi-based startup operating in the healthcare sector. 3Hcare is an online marketplace for healthcare services. It provides detailed information on healthcare services provided by PAN India. A user can simply log on to 3Hcare’s website and find nearby diagnostics and hospitals as per their requirements.

    Our mission is to assist in getting quality health services and facilities for the community, to promote wellness, to relieve suffering and to restore health as swiftly, safely and humanely as it can be done, consistent with the best service we can give at the highest value for all concerned. – Ruchi Gupta (Founder of 3Hcare)

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    3Hcare – Healthcare Industry Details

    According to the Indian Diagnostic Services Market Outlook 2020, the diagnostic services market will be growing at 27.5%  for the next 5 years. The market has reached INR 860 Billion in revenues by the end of 2020. Some of the major causes for this fast-growth are increasing health consciousness, an increase in the number of people having insurance cover, improving healthcare services, etc. Covid-19 is also one of the major reasons for the borne of the healthcare industry. The Novel Coronavirus has not only hit the nations mentally but also economically, especially the healthcare industry.

    The healthcare market is expected to reach $372 billion by 2022.

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    Founders of 3Hcare and Team

    CA (Dr.) Ruchi Gupta, Dr. Ravinder Pal Singh Malhotra and  Dr. Gurdeep Singh Ratra are the founders of 3Hcare.

    3Hcare's Founders
    3Hcare’s Founders

    Ruchi Gupta is a doctorate in Risk Management and a fellow member of The Institute of Chartered Accountants of India. She pursued her MBA from GGSIP University and Bachelor’s degree in Commerce from SRCC, University of Delhi. She is a prolific educationist, qualified UGC NET-JRF having a decade-long experience in mentoring management students for the corporate world in the field of applied Finance & Business Management. She also has extensive experience in reviewing and writing subject-specific books in finance & management. Her numerous papers have been published & presented in renowned journals and conferences. She is a member of the panel of authors in the Central Board Of Secondary Education (CBSE).

    Exclusive Interview of 3Hcare’s Founder Dr. Ruchi Gupta

    Dr. Ravinder Pal Singh Malhotra is an MBBS, MS (General Surgery, MAMC, Delhi) and M.Ch. (GI & HPB Surgery and Advanced Laparoscopic Surgery, GB Pant Hospital, Delhi). He did his fellowship in Liver & Multi Visceral Transplant at Sir Ganga Ram Hospital, New Delhi. He worked as an online CME Observer at John Hopkins Hospital, USA and Chairperson in Harvard Accredited CME’s for GI Surgery. He has around 13 years of experience in Liver Transplant, HPB & GI surgery in India with exceptional donor and recipient surgery safety records. Ravinder has been a part of more than 700 live-donor-related liver transplants, 500 pancreatic surgeries, 2000 liver surgeries, 500 gall bladder cancer resections and has vast experience in other GI surgeries.

    Dr. Gurdeep Singh Ratra is an MBBS, M.S. (Orthopaedics) and M.Ch. (Orthopaedics). He did his fellowship in Joint Replacement (Endoklinik, Germany) and Joint Replacement and Sports Medicine (AKH Hospital, Vienna, Austria). Dr. Gurdeep has clinical experience of more than 13 years in the field of Orthopaedics. He has a special interest in joint replacement and deformity correction. He is passionate about the Ilizarov technique and limb-lengthening procedures.

    The other core members of the team are–  

    Mr. Ankush Mehra, who is the director of 3Hcare. Ankush is a Post Graduate in Commerce and MBA. Ankush is a prolific supply chain specialist and a startup man with 22 years of experience, known for creating and managing highly responsive yet cost-effective and efficient solutions. He worked with corporates like Honda Siel Cars India Pvt. Ltd., Samsung Electronics India Information & Telecommunications Ltd., Metro Cash & Carry, Reliance Hypermarkets & LimeRoad.

    Mr. Sumit Gupta is an IT manager at 3Hcare. He did his MCA from Guru Gobind Singh Indraprastha University. He is an expert at C#.net and VB.net languages, with extensive experience in working on databases like SQL SERVER, MYSQL, ORACLE. His functional domain encompasses operating systems like Windows 8, Windows 7 and Windows Server 2012.  He is proficient in scripting using HTML, ASP.net, Javascript, and Jquery. He has over 8 years of experience with a number of projects for Indian as well as international clients.

    The founders decided to divide the team into three departments – one to focus on the medical field, one on the marketing and the other in the technical domain. Initially, the startup was functional with only 10 members including founders. But with the growing response from the public, the team had managed to expand over 50 members within less than 6 months.

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    3Hcare – How was 3Hcare Started?

    Ruchi had never planned to become an entrepreneur. She pursued her MBA along with CA and is also a Ph.D. scholar. Inherited the interest in teaching from her parents, she also wanted to become a lecturer. In pursuit of her dreams, she became a mentor to management students and worked as a lecturer in a college in Delhi for many years.

    She noticed many complications that the common public faces while getting a diagnosis in hospitals and other test centers, one incident that especially left her wanting to make a difference was the difficulty faced by a relative in finding a good hospital and diagnostic services during the time of emergency.

    Ruchi’s relative was suffering from dengue and needed immediate admission, wherein the hospitals denied admitting him due to overcrowded. She was not in a position to wander around to different hospitals in search of bed availability. But giving reference to a known doctor, the patient was immediately admitted. The problems did not end, soon the admin staff asked her to get the patient tested for platelets, due to lack of facilities during that time. This was another challenge for her to track and locate a diagnostic lab that can provide the test results immediately for further treatment. In the end, only her reference helped the patient with regular tests and treatment. This incident came as a wake-up call for Ruchi and the idea of starting 3Hcare was formed.

    However, to practically execute the idea, she still had many hurdles to cross. She wanted to create an online portal by tying up with various labs to make all the tests available to the patients with ease and transparency. To develop a team, she actually shared the idea with more than 300 people and at last, found 4 reliable sources who were convinced with her idea – Dr. Gurdeep Singh Ratra, Mr. Ankush Mehra, Mr. Sumit Gupta and Dr. Ravinder Pal Singh. And finally, with the initiative of the co-founders, 3Hcare was started in September 2016.

    The 3H stands for – Help, Health, and Happiness.

    Our aim is to help the common masses to bridge the gap between healthcare services and patients .  

    3Hcare Logo
    3Hcare Logo

    3Hcare – What is 3Hcare?

    3Hcare is an online marketplace for health services. They provide several featured tests and packages. 3Hcare Thyrocare Aarogyam provides Aarogyam profile packages and preventive health checkup packages. The services currently provided by the company are –

    1. Diagnostics – With over 1500 labs and 350 test centers (NABL accredited) to choose from over 50+ locations throughout India, this vertical provides ease for every patient to search, compare & book online lab tests with the value addition at discounted rates.
    2. Plan My Surgery – One of the essential innovations rendered by the online portal includes Plan My Surgery vertical. An innovation by which the patient can plan their surgeries with the best surgeons at the viable cost & schedule. Moreover, a price comparison is available and the patient is also able to seek time availability and appointment with the best in class doctors and hospitals.

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    3Hcare – USP and Innovation

    Some of the USPs of 3Hcare are–

    • Free sample collection.
    • Option to choose among the best labs in the patients’ preferred locations.
    • Price transparency.
    • Attractive discounts and offers on services.
    • Under Plan My Surgery, 3Hcare makes all information available such as expenses required for surgery, doctors available and the accreditation of the hospital. All this information is available online, which makes it easier for patients to make informed decisions.

    3Hcare – Revenue Model

    3Hcare’s revenue model is simple. As its services are free for the patients, it charges only support fees from centers and hospitals.

    3Hcare – Funding and Investors

    3Hcare has raised a total of $1.1 Million in 2 rounds of funding. Its funding details are as follows:

    Funding Date Funding Stage Funding Amount Investors
    September 2017 Angel round $100K Angel Investors
    August 2018 Venture round $1 Million –

    3Hcare received an angel funding of  $100K, just within 11 months of its inception. The funds were used to develop the IT infrastructure and enhance the other verticals. Recently 3Hcare also raised a second round of funding of $1 million.

    3Hcare – User Acquisition

    For 3Hcare, the main focus was to provide the best of services to the public. Word of mouth publicity is something that the healthcare startup focused on acquiring new users. Price transparency and discounted prices/offers have also attracted new customers.

    Further, to add to the CSR activities, and spread awareness about the importance of timely diagnosis, the team organizes regular free health checkup camps at various locations like rural areas, slums and villages across India.

    The main focus was to deliver the best services to the public. If the services are provided with the best class quality, the word of mouth power by the patients/persons seeking the services are the best reference publicity.

    3Hcare – Startup Challenges

    In the initial months when the website was under construction, it was a huge challenge for the 3Hcare team to convince tying up with diagnostic centers. Still, they managed to bring around 180 centers. Today the portal is ready with over 1000 test centers (PAN India) to choose from with further verticals yet to be added.

    According to Ruchi, apart from developing a reliable team, the other major challenge was to self-check for quality labs before getting associated with them. The task was tedious to completely check each and every lab initially for quality, report accuracy and accreditation.

    While the further expansion of 3Hcare’s other vertical – Plan My Surgery, rendering comparative quotes, providing real-time data of bed and doctors availability was initially a challenge.

    With the progression of data management in our cloud, synchronization helped to overcome the herculean task. Our main aim was to develop the IT infrastructure and strengthen it with the application of artificial intelligence and machine learning.

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    3Hcare – Future Plans

    3Hcare has established itself as a trusted name among its niche customer base. In terms of patients, booking tests through 3hcare.in have increased 10 folds in the past 2-3 months, and the same is the case with revenue.

    3Hcare currently has 400+ diagnostic partners and 40+ hospital partners.

    The company’s future plans are-  

    • Launch Diagnostic Centre vertical of 3Hcare with the initiation of website functional throughout the world (with an aim to boost medical tourism in the upcoming years).
    • Launch all verticals along with Mobile applications on a PAN India basis.
    • International Tie-ups for the second opinion.
    • Opening of Branches and regional offices.
    • Covering PAN India and start of Medical Tourism Services.
    • Adding new Healthcare and wellness verticals like  Yoga, Homeopathy, Ayurvedic and fitness centers.
    • Starting “Manage My Health” vertical.
    • To open offline labs throughout the tier 3 and tier 4 cities in India to encourage patients to get timely tests.
    • Become the Leading Marketplace in India’s Healthcare sector by 2022.

    Our team has already commenced the opening of offline labs by the name of ‘3Hcare Labs’ in the rural areas. Presently, we have targeted to cover the western UP and Eastern Haryana belt where most backward villages are still devoid of diagnostic centers (that has only sample collection centers, report generation takes 2-3 days there).

    3Hcare – FAQs

    Does 3Hcare provide Healthcare services?

    No, 3Hcare provides details about healthcare services available pan India along with the specialization they have. Users need to register and choose as per their needs.

    How much is the registration fee to use 3Hcare?

    3Hcare registration fee is free. After registration, customers can avail themselves of the benefits provided by 3Hcare.

    How is 3Hcare review?

    3Hcare has average to good ratings. It is quite safe to trust and use 3Hcare.

    Who is the 3Hcare founder?

    CA (Dr.) Ruchi Gupta, Dr. Ravinder Pal Singh Malhotra & Dr. Gurdeep Singh Ratra are the three founders of 3Hcare.

    How much is 3Hcare funding?

    3Hcare has around $1.1 Million of funding.

    Who are the competitors of 3Hcare?

    DocPrime, Zoylo, Renew Health and Spreemo are the top competitors of 3Hcare.

  • Success Story of Green Cure Wellness- Company Profile & Funding

    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 Green Cure Wellness.

    Herbal and Ayurvedic products are being used for ages by human beings for good health and personal care and is still widely used across the world. According to a report by Confederation of Indian Industry (CII) and Pricewaterhouse Coopers (PwC) published in 2017, 77% of Indian households use Ayurvedic products. Again, globally, the Ayurvedic products market is expected to be valued at $9.7 billion by 2022.

    While there are many companies in India that are manufacturing quality Ayurvedic medicines and products to meet the ever increasing demand, Green Cure Wellness is a company that is moving a step forward, combining the best of German expertise and best quality international ingredients to Indian Ayurvedic wisdom, to come up with revolutionary healthcare and personal care products.

    Green Cure has so far applied for 13 patents for its formulations. The company is also certified ‘Made Safe’ by Safe Cosmetics Australia and recognised by Namo Gange for outstanding achievement in the field of AYUSH (Ayurvedic, Yoga and Naturopathy, Unani, Siddha, and Homeopathy).

    Green Cure Wellness – Company Highlights

    Startup Name Green Cure Wellness
    HeadQuarters Delhi
    Founder Name Sanchit Garg
    Industry Herbal/Ayurveda
    Founding Year 2015
    Website link greencurewellness.com
    Registered company Name SPV Laboratories

    Green Cure Wellness – About and Products
    Green Cure Wellness – Founder
    How was Green Cure Wellness Started
    Green Cure Wellness – Name and Logo
    Green Cure Wellness – Business Model
    Green Cure Wellness – User Acquisition
    Green Cure Wellness – USP and Innovation
    Green Cure Wellness – Recognitions
    Green Cure Wellness – Funding and Investors
    Green Cure Wellness – Startup Challenges
    Green Cure Wellness – Competitors
    Green Cure Wellness – Awards and Achievements
    Green Cure Wellness – Future Plans
    Green Cure Wellness – FAQs

    Green Cure Wellness – About and Products

    GreenCure Wellness manufactures herbal personal care and health care products of international quality. Green Cure has a team of scientists in Germany who develop high quality formulations which are as per European norms. While, it has another team of Ayurvedic specialists in India who make sure that these products are in line with Indian needs.

    Germany is the world’s leading technology hub for herbal and natural products. Green Cure leverage high German quality with age old wisdom of Ayurveda, to manufacture efficient products that are free from side effects.

    The popular Green Cure Wellness products include, ‘BronchiCure’, which is India’s first lung care syrup. BronchiCure is a Immunity booster for Asthma & Bronchitis patients. ‘Green Cure Arnicap‘, is a herbal pain relieving cream. Green Cure Wellness also offers various skin care, baby care and beauty & personal care products.

    green cure wellness reviews

    Green Cure Wellness – Founder

    Mr. Sanchit Garg is the founder and Managing Director (MD) of Green Cure Wellness.

    Sanchit Garg – Founder, Green Cure Wellness

    Sanchit has an MBA from IIM Calcutta and worked at the Boston Consulting Group, before starting Green Cure Wellness along with his father Suresh Garg. His new vision and modern approach along with the years of business experience of Mr. Suresh Garg is all set to take the company to new highs.

    Mr. Suresh Garg always had entrepreneurship in his genes. At the age of 21, he walked away from his well-established family business to venture out on his own. He started and failed in 2 businesses after which he started a business in steel wires in 1995, which turned out to be the turning point of his life. He has been successfully running this business since 20 years now and has a turnover of Rs. 450+ crores with export to more than 15 countries.

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    How was Green Cure Wellness Started

    In 2015, Mr. Suresh Garg was travelling to Germany on a business trip and suddenly suffered from a breathing issue and he could not find his inhaler which he generally carries with him and rushed to a pharmacy and asked for medicine for wheezing. He was given a herbal syrup. This really surprised him because in India, on his countless visits to asthma doctors, he has never heard of such a product. In India, only inhalers were available which have steroids in them. Plus these inhalers has several side effects too. This incident left Mr. Suresh with a thought to introduce such products in the Indian market.

    Mr. Suresh Garg’s son Sanchit Garg, joined hands with father to make this dream a reality. Sanchit started ‘Green Cure Wellness’ to introduce world class herbal products in India. The founding members had to devote the initial 2.5 years in sourcing talent in Germany and procuring ingredients of highest quality. The startup was launched at Ayush expo in Pragati Maidan, and today ‘Green Cure Wellness’ is World’s first company to combine German Engineering with Indian Ayurveda.

    “Our mission is to start a revolution in India where the customer ‘Turn the Label’. We want to start a movement where customers are aware of what goes inside their products and know the drawbacks of each. We want to touch 20 crore customers in the next three years and spread out message of healthy and safe products” says Green Cure Wellness founder Sanchit Garg explaining the company’s long term goals.

    Green Cure Wellness – Name, Tagline and Logo

    As the company manufactures chemical free, herbal and ayurvedic healthcare and personal care products, the name ‘Green Cure’ is a perfect fit.

    Green Cure’s tagline is, ‘With Respect to Nature’

    GreenCureWellness Logo
    Green Cure Wellness Logo

    We came up with name by chance. Green Cure seemed too good a name and we thought that someone must have already purchased the trademark.

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    Green Cure Wellness – Business Model

    The Green Cure Wellness business model is that it sells its products directly to customers. The products are available in stores and can be purchased through Green Cure Wellness’ website and also on other leading e-commerce business sites.

    Green Cure Wellness – User Acquisition

    Facebook has been really helpful for Green Cure. When Green Cure launched its product ‘Bronchicure’ which is India’s first herbal syrup for lung care, it got viral at an expense of just INR. 20K. Right now, digital marketing and e-Commerce websites are doing the trick for Green Cure. They also extend various combo offers and discounts to its customers.

    green cure wellness reviews

    Green Cure Wellness – USP and Innovation

    Green Cure Wellness’ USPs are as follows:

    1. The raw materials are sourced from Germany and Australia from companies with proprietary technology. Green Cure ingredients also have international certifications like NPA, Cosmos Ecocert, ISO, WHO-GMP, Kosher, NOP and HACCP
    2. Green Cure Wellness’ products are free from EDTA, Paraben, PEGs, PPGs, Mineral Oils and Paraffin. They are in line with European Union Norms. These substances are commonly added in Indian consumer products while a lot of them are banned in Europe. These products have a lot of long term side effects.
    3. Green Cure has received certifications from Safe Cosmetics Australia, one of the oldest certification bodies for Personal Care products. Green Cure Wellness is one of only 80 brands Worldwide to receive this honor and one of the first in India.

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    Green Cure Wellness – Recognitions

    The certifications that Green Cure Products have are-

    1. Australian Certified Toxic-Free – Green Cure Products exclude 100% of the top offending chemicals from their product formulations.
    2. Made Safe certification – Where healthier ingredients are not available, Safe Cosmetics Australia allows less than 15% of the formula to contain the necessary ingredients to produce a competitive product.
    3. Cruelty Free certification – Products are not tested on animals.
    4. Vegan certification for Green Cure’s Asthma syrup making it the first syrup in India to receive the honour.
    5. The products comply with the principles laid by USFDA.
    6. The products comply with the Good Manufacturing Practices (GMP) laid by WHO.
    7. Green Cure Wellness’ contract manufacturing facilities complies with the standards laid by NPOP India (National Programme for Organic Production).

    The company is in process of acquiring a few more prestigious certifications soon.

    Green Cure Wellness – Funding and Investors

    The Green Cure Wellness Funding saw them raise an undisclosed amount from Venture Catalysts in July 2020. The round was led by Gunvanth Vaid, Founder of 4G Capital and ACG World, which are part of Venture Catalysts.

    These funds will be utilized to scale up operations and launch products in new categories

    Sanchit Garg, Director, Green Cure, said, “The COVID-19 pandemic has made the world shift its focus towards herbal products that can address chronic health ailments. Built on the ancient science of Ayurveda, Green Cure aims to promote the concept of holistic living among Indians. Leveraging German Technology along with India, Ayurveda has created a strong differentiation in a sea of ayurvedic brands. The latest funding gives us more firepower to ramp up our operations and foray into new product categories.”

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    Green Cure Wellness – Startup Challenges

    The biggest challenge for ‘Green Cure Wellness’ has been to make consumers believe their story of 3 years of research to combine German Engineering with Indian Ayurveda. Green Cure overcame this by asking people to try their products and let the product speak for itself. They invested a lot in free sampling to convince customers about it.

    Green Cure Wellness – Competitors

    Himalaya, Dabur, and Mamaearth are some of the prominent competitors of Green Cure Wellness.

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    Green Cure Wellness – Awards & Acheivements

    Green Cure Wellness’ efforts towards bringing in quality healthcare products has been recognized by the Government of India, and also by different platforms. Some Awards and Recognition received by the company are:

    Year Achievements
    2018 Received ‘Namo Gange Award’ for outstanding contribution to the field of AYUSH (Ayurveda, Yoga, Unani, Siddhi & Homeopathy)
    2018 Became a DIPP certified startup
    2019 Product ‘Magnative’ is ranked no. 1 in anti-allergy segment on Healthkart
    2019 Product ‘Magnoitch’ is ranked no. 2 in anti-allergy segment on Healthkart
    2019 Product ‘Arnicap’ is ranked no. 9 in Balms & Spray segment on Healthkart
    2019 Selected by Amazon under its Launchpad Program

    Green Cure Wellness – Future Plans

    Currently Green Cure Wellness has presence in 1400+ stores and 4 modern retail stores including Guardian Pharmacy. In the online segment, it has served to more than 20,000 customers. Green Cure Wellness’ revenue is growing 30% month on month, and the company was expecting to reach Rs 1 crore revenue by the end of 2019. Green Cure  Wellness is working towards a target of achieving 20 crore customers in next 2-3 years.

    Green Cure Wellness – FAQs

    Is Green Cure Product safe?

    Green Cure is certified ‘Made Safe’ by Safe Cosmetics Australia. The products comply with the principles laid by USFDA. The products comply with the Good Manufacturing Practices (GMP) laid by WHO.

    Who is the Founder of Green Cure Wellness?

    Sanchit Garg is the Founder & MD of Green Cure Wellness.

    How much funding is raised by Green Cure?

    In July 2020, Green Cure raised an undisclosed amount of funding from Venture Catalysts. The round was led by Gunvanth Vaid, Founder of 4G Capital and ACG World, which are part of Venture Catalysts.

    What is Green Cure Wellness?

    GreenCure Wellness manufactures herbal personal care and health care products of international quality. Green Cure has a team of scientists in Germany who develop high quality formulations which are as per European norms.

    Who are the Top competitors of Green Cure?

    • Dabur
    • Himalaya
    • Mamaearth

    How much is the revenue of Green Cure?

    Green Cure Wellness has presence in 1400+ stores and 4 modern retail stores. Its revenue is growing 30% month on month, and the company was expecting to reach Rs 1 crore revenue by the end of 2019.

  • Best Healthcare Business Ideas Tips You Will Read This Year

    Are you looking for the best business ideas for the healthcare industry? It is one of the continuing growing industry. You can start your business whether you are medical professionals or having an interest in the healthcare industry. It has a lot of opportunities to start a healthcare business. Some healthcare business needs a medical certificate while some needs only specialize training certificate. It also plays a key role in the economy of a country. We will discuss the top 10 business ideas that you can start your business in this field.

    Best Business Ideas For Healthcare

    Best Business Ideas For Healthcare

    Medical Transcription Services

    Medical Transcription Services

    Medical Transcription Services offers the transcription of audio files recorder or depicted by doctors, medical practitioners, or any other healthcare staff into a text document of patient’s records. There is voice-to-text technology available but it still having errors so you can offer not only transcription services but also review and correct voice-to-text files. It is one of the best business ideas to start and work from or digitally as you offer transcription electronically.

    Retail Medical Shop

    Business Ideas in Pharma
    Business Ideas in Pharma

    It is one of the simplest and easiest ways to innovate business ideas in a pharma or medical store. To run a medical business you have to follow the Regulations of Retail Pharmacy Business. As medicine is in daily demand so it is continuing growing business. You can also keep a stock of daily essential products like lotions and other things. The investment is also very less in this business but tries to find a place near the hospitals or nursing homes as more demand in those places.

    Home Medical Services

    It has a wide range of health care service that is given in your home for small injuries and illness. It is very helpful for elder age people, post-pregnancy problems. Also, you can include a simple doctor’s consultation and take care of extended bed rest patients. You can work as the assistance of someone who needs to manage a healthy lifestyle. You can also start a medical supply delivery business. You need to be a registered nurse to offer in-home medical services.

    Healthcare Mobile Apps

    Everyone is going to busy day-by-day and no one wants to stand in line to get an appointment with doctors and also not able to call the doctors to get an appointment with them. By developing a healthcare app or mobile medical screening business with features of booking doctor’s appointments, ordering medicines, and also scheduling vaccinations. It can do all the activities without visiting the doctor’s office or queuing for long hours waiting for their turn. You can also add a feature that gives all the information about the disease, medicine reminders, and virtually connected with doctors.

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    Healthcare Websites

    The number of health-conscious people increasing day by day. More and more people searching for quick tips to stay healthy. You can create a healthcare website to provide healthcare information and advice. You can include YouTube videos, blog posts, info-graphics, videos, tutorials, etc. to create the content of healthcare information.

    Physical Therapy Center

    It is one of the best healthcare business ideas in India. It does not require any certification but you can hire certified therapists to provide service. After an injury physical therapy reduces the pain and gains the motion and strength of the body. You can also get education and training to open your own private therapy center. By having professional therapists they provide patients to perform day to day activities such as feeding, dressing, etc.

    Diabetes Care Center

    Diabetes is growing day-by-day continuously. It is one of the best healthcare businesses where diabetic patients provided dialysis, nutrition counseling, and other medical services. It also helps to improve the quality of life of diabetic patients. You can also provide preventive help such as teaching healthy or support groups of the diabetic.

    Gym or Fitness Center

    best fitness business ideas 

    Many youngsters and especially peoples in metro cities become more conscious about their health. So starting a gym or fitness center is one of the best fitness business ideas in the healthcare sector. Gyms or fitness centers are equipped with many exercise equipment to use in the workout and also booming in the minds of youngsters. The investment is based on the service that you are going to provide and make sure you are doing suitable research before you start.

    Medical Record Management

    You can start your business as a Medical Record Management service for hospitals, clinics, doctor’s offices to manage their medical records. You can implement your best record management system, provide training to their staff about how to use their system. It is one of the best profitable businesses in the healthcare sector as many hospitals outsource their record management system as they don’t want to dedicate the time of their staff.

    Manufacturing of Healthcare Equipment

    Manufacturing of Healthcare Medical Equipment

    It is one of the innovative healthcare ideas. If you are looking for highly profitable and having some investment then you can start with the manufacturing of healthcare medical equipment like drugs, syringe, needle, etc.

    China and India are leading in the manufacturing of medical equipment. It has a lot of opportunities to sell medical equipment. There are many business ideas you can manufacture like:-

    • Drugs
    • Sanitary Napkins
    • Surgical Bandages
    • Surgical Dresses
    • Medical Gloves
    • ECG machines
    • X-Ray Machines, etc.

    Conclusion

    There are lots of business ideas present in the healthcare sector whether you are a professional or interest in the healthcare sector.

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    FAQs

    What is healthcare?

    Healthcare is the maintenance or improvement of health via the prevention, diagnosis, treatment, recovery, or cure of disease, illness, injury, and other physical and mental impairments in people.

    Why is healthcare important?

    An efficient health care system can contribute to a significant part of a country’s economy, development, and industrialization. Health care is conventionally regarded as an important determinant in promoting the general physical and mental health and well-being of people around the world.

    What is the purpose of healthcare?

    The fundamental purpose of health care is to enhance the quality of life by enhancing health. Commercial businesses focus on creating financial profit to support their valuation and remain viable. Health care must focus on creating social profit to fulfill its promise to society.

    How to start a healthcare business?

    • Step 1: Create a business plan
    • Step 2: Register with the state
    • Step 3: Obtain Medicare and Medicaid certifications
    • Step 4: Hire a great staff
    • Step 5: Get your clients
    • Step 6: Have a solid financing plan for growth

    Is healthcare a business?

    Yes. Health care is a business. Like any other business, the healthcare industry stands to benefit from practices that drive innovation and growth.

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  • ElaWoman – Helping Couples With IVF and Fertility Issues

    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 ElaWoman.

    Infertility is a topic people don’t talk about openly. It is the inability to conceive children even after frequent, unprotected sexual intercourse over a year or more. It’s a condition that impacts couples both physically and emotionally, often ruining relationships.

    Victims of infertility are more often than not left disheartened by bogus advertisements and claims that guarantee a sure-to-work solution for this medical condition. In the end, they don’t get the desired results and regret spending so much for nothing.

    ElaWoman is a visionary healthcare startup making a significant difference in the lives of those affected by infertility. ElaWoman provides customized plans and treatments to solve this problem through the use of latest technology and data analytics. The transparency in treatment is what differentiates ElaWoman from others. Moreover, safe and easy financial options ensures couples with financial difficulties are not left out out.

    ElaWoman – Company Highlights

    Startup Name ElaWoman
    Headquarters Delhi
    Founders Ritu Singh, Aditya Kandoi, and Yogesh Agarwal
    Industry Healthcare
    Founded 2016
    Website elawoman.com

    About ElaWoman and How it Works
    ElaWoman – Target Market
    How was ElaWoman Started?
    ElaWoman – Services
    ElaWoman – Founders And Team
    ElaWoman – Name, Logo, And Tagline
    ElaWoman – User Acquisition
    ElaWoman – Startup Challenges
    ElaWoman – Funding
    ElaWoman – Future Plans
    ElaWoman – FAQs

    About ElaWoman and How it Works

    Elawoman helps couples who are struggling to realize the happiness of parenthood. Treated as a taboo, topics such as infertility are not discussed openly on healthcare platforms. This leaves no choice for patients but to blindly believe marketing gimmicks of a non-transparent ecosystem setup by some doctors and clinics in the medical industry. This is why out of 10% of couples (of child-bearing age) facing fertility issues, only 1% go for treatment.

    ElaWoman was born as a one-stop solution portal to counter the increasing occurrence of fertility problems worldwide and the increase awareness about the same. The entire team makes it a point to bring the best quality infertility treatments to couples at affordable prices.

    ElaWoman – Target Market

    The infertility treatment/diagnosis segment is expected to grow steadily in the coming decade. According to a top research firm in India, this industry is set to grow at 13% CAGR in the year 2020. The rapid advancements in the field of infertility medicines is can be attributed to increasing child-bearing age, growing usage of contraceptives, and altered lifestyles.

    The field of infertility medicine comprises fertility drugs, infertility-related surgeries, and Assisted Reproductive Treatments (ARTs). Latest developments include Frozen Embryo Transfer (FET), Preimplantation Genetic Diagnosis and Screening (PGD/PGS), and Anti-Mullerian Hormone (AMH) tests to name a few. Array Comparative Genetic Hybridization (CGH) was recently introduced to increase the success rates of infertility treatments. A huge potential exists in this field which needs to be exploited and utilized for the welfare of couples across the globe.

    How was ElaWoman Started?

    The Elawoman founders came across several cases that revealed couples struggling to find a good infertility clinic or doctor for treatment. They also realized the stigma and taboo surrounding infertility issues; affected couples are afraid to discuss their issue in front of family members and friends.

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    ElaWoman – Services

    ElaWoman solves the problem by bringing in transparency and independent facilitation through data analytics and other technological mediums. It offers a system that provides unbiased transparent information on doctor and centre data, treatment pricing, clinical success rates, and past patient reviews.

    Couples get the benefit of having a personal health assistant to help them in each step of conceiving. The service is an end-to-end platform providing access to different features and plans.

    Furthermore, ElaWoman provides information on over 5,000 fertility hospitals and doctors for IVF, IUI, ICSI, surrogacy treatments, and pregnancy care services. The fertility centres and doctors partnered with ElaWoman are encouraged to provide a transparent, upfront, and affordable pricing structure for infertility procedures. Patients are provided with customized treatment packages for result-oriented execution of the chosen infertility treatments. The customization is done based on the treatment cost, patient appointment, and the clinic/centre chosen. Ela specialists assist patients in the personalization of infertility treatment packages.

    ElaWoman – Founders And Team

    ElaWoman was founded by Ritu Singh, Yogesh Agarwal, and Aditya Kandoi.

    Ritu Singh, Cofounder & CEO of ElaWoman
    Elawoman founders Ritu Singh, Yogesh Agarwal, and Aditya Kandoi (L to R)

    Ritu Singh : Born in 1988, Ritu did her schooling from St. Thomas School and then pursued a B.Tech from Netaji Subhas Institute of Technology in 2005. She then did an MBA in Marketing from IIM, Udaipur. Ritu Singh is the CEO of ElaWoman.

    Yogesh Agarwal : Yogesh was born in 1986 and completed his schooling from Birla High school. He obtained a Bachelor’s in Electrical Engineering from IIT, Varansi in 2005. Post graduation, he joined Lancaster University for an MBA. Yogesh is the Chief Technology Officer (CTO) of ElaWoman.

    Aditya Kandoi : Aditya Kandi was born in 1989 and is an IIT Varanasi alumnus. He later did his MBA from Warsaw School of Economics. Aditya is currently working as the Chief Operating Officer (COO) of ElaWoman.

    ElaWoman – Name, Logo, And Tagline

    ElaWoman Logo
    Logo of ElaWoman

    ElaWoman was chosen as the brand name since Ela stands for a beautiful person surrounded by several friends and their loved ones. The company logo consists of a butterfly that demarcates freedom; the freedom ElaWoman gives couples in the form of parenthood.  

    ElaWoman – User Acquisition

    We were on cloud nine when we met the achievement of the first 100 customers. Initially, it felt like a challenge as our concept is a new one. But then we came out with a combination of ways to reach the audience and have 100 successful customers – Ritu Singh, CEO of ElaWoman

    The ElaWoman team leveraged the power of social media and user-oriented information through website’s blog section. This was combined with the reach of advertisements to target the desired audience.

    Initially, it was difficult to attract customers/couples towards the concept of infertility treatment but the quality and usefulness of ElaWoman’s services made this possible. Testimonials of patients who had infertility treatments at the top centers and hospitals along with impressive success rates helped several couples contact Elawoman and trust its services.

    Reaching the first 100 customers and helping them have successful infertility treatments was a remarkable experience for ElaWoman and a milestone.

    ElaWoman has evolved into a healthcare platform dealing with infertility medicine, treatments, and surgeries. The innovative ElaPay facility, the first payment mode in the field of medicine, has also made it easy for patients to take a step forward. Ela’s medical loans have made the financial aspect of the treatment more hassle-free than expected. Patients also receive guidance on travel and accommodation as part of their infertility treatments.

    ElaWoman – Startup Challenges

    One of the biggest challenges which we faced during our initial days was mainly to convince couples to consult an infertility specialist about their infertility issues. Also, we had difficulty in making patients understand our unique brand concept  – Ritu Singh, CEO of ElaWoman.

    The team eventually cracked it through timely counselling and discussions with several couples in collaboration with medical specialists and psychologists; distinguished medical professionals known for successfully dealing with some of the most complicated medical cases.

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    ElaWoman – Funding

    The ElaWoman funding till date is as follows:

    Funding Date Funding Stage Funding Amount Investors
    October 2018 Series A $3 Million Chiratae Ventures with co-investor Alkemi Venture Partners

    ElaWoman – Future Plans

    ElaWoman has achieved several milestones in the domain of infertility medicine since its launch. ElaWoman today has a network of more than 11,500+ doctors and clinics. Ela has its footprints in over 89 cities and 11 countries. Features such as ElaPay and Ela medical loans have made the treatment for patients a smooth sail. The company’s future looks promising with expansion plans.

    ElaWoman – FAQs

    What is ElaWoman?

    ElaWoman is a visionary healthcare startup making a significant difference in the lives of those affected by infertility.

    Who is the founder of ElaWoman?

    Ritu Singh, Yogesh Agarwal, and Aditya Kandoi.

    Is ElaWoman an Indian brand?

    Yes, Elawoman is an Indian brand.

  • This Startup is Bringing World Class E-Clinics to India

    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 Tattvan.

    Today a tiny fraction of Indians in large urban cities and smaller towns, cities, and villages have access to the kind of healthcare they deserve. Mr. Ayush Atul Mishra launched Tattvan in 2016 with the passion and idea to bring quality healthcare to the masses.

    At Tattvan, the team strives to bridge the gap by bringing the best healthcare on earth to everyone, especially to residents of small towns and cities. They believe that for India to outgrow and develop, all its citizens must have access to the most exceptional healthcare in the world. Tattvan was founded to realize this belief into a fruitful reality.

    Read this article to know all about the Tattvan E-Clinic, Startup Challenges, Founder, Growth and its success story.

    Tattvan – Company Highlights

    Startup Name Tattvan E Clinic
    Headquarter Gurugram
    Industry HealthTech
    Founder Mr. Ayush Atul Mishra
    Founded 2016
    Website tattvan.com
    Contact Email feedback@tattvan.com

    Tattvan – About & How It Works?
    Tattvan – Target Market Size
    Tattvan – Founders & Team
    Tattvan – How It All Started?
    Tattvan – Name, Tagline & Logo
    Tattvan – Startup Launch
    Tattvan – Startup Challenges
    Tattvan – Growth
    Tattvan – Future Plans
    Tattvan – FAQ’s

    Tattvan – About & How It Works?

    Tattvan delivers world-class healthcare to residents of cities and towns where it is lacking. At Tattvan’s e-clinics, visitors receive medical care that is as good as the best in the world. Also, their e-clinics cost less than they do in regular hospitals and clinics. Tattvan has innovatively used existing technologies to bring the highest quality healthcare to the masses. It has succeeded in bringing together engineers and physicians to deliver unbeatable healthcare services to those lacking it.

    At Tattvan e-clinics, patients are examined by leading specialists at a fraction of the cost of regular OPDs. They opened the first telemedicine clinic in Bareilly and since then, opened many more in cities across North India. Tattvan E Clinics India was included in “Silicon India’s Top 10 Telemedicine Companies in India 2019”.

    Tattvan – Target Market Size

    Globally the size of the healthcare industry is well over four trillion dollars. Developed countries own the bulk of this industry, but India has a well-established healthcare industry as well. The total size of the healthcare industry in India is well over $100 billion and expected to reach a little more than $370 billion within two years. The online pharmacy industry in India is growing rapidly. Capturing the exact size of India’s healthcare industry is hard because so much of the industry is unorganized.

    At roughly $100 billion, the Indian healthcare industry is among the most significant healthcare industries in the world. Telemedicine’s share of this industry is small today, yet it is growing. In 2020, the telemedicine industry will grow to be approximately $32 million.

    While it is an almost insignificant fraction of the entire domestic healthcare industry, telemedicine is still in its infancy. As public awareness about telemedicine grows, the industry will multiply, perhaps even exponentially. In five years, Mr. Ayush estimates the telemedicine industry will generate revenues of several hundred million dollars annually.

    The Tattvan team is targeting a market whose size exceeds $100 billion. They know there is a high demand for good quality healthcare across India because except for the largest metro cities, the quality of healthcare is substandard. Concerning market share, among leading telemedicine companies, have the most significant market share.

    Tattvan – Founders & Team

    Mr. Ayush Atul Mishra is the founder and CEO of Tattvan.

    Ayush Atul Mishra | Founder, Tattvan

    Mr. Ayush Atul Mishra is a healthcare market researcher and a MedTech market enthusiast with a decade-long experience in healthcare research and analytics. Currently, he is the Managing Partner at Growman Research Group (GRG), one of the fastest-growing global healthcare market research firms based out of India.

    Tattvan – How It All Started?

    This journey began when the founder, Ayush Mishra suffered from an accident and couldn’t be treated in his hometown because it lacked proper healthcare facilities. The accident and events following his injury were a wake-up call. He realized there were countless others like him suffering needlessly because they didn’t have access to sound healthcare. That’s how the idea to open e-clinics in locations where existing healthcare facilities were inadequate took root.

    The team consulted with a few leading players in the healthcare industry, including doctors in leading hospitals. After interacting with them, they knew that they were on to something big. These industry professionals encouraged and guided the Tattvan team, which gave them the confidence to put the plans into action. And that’s how Tattvan was born.

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    Tattvan’s Company Logo

    Tattvan comes from the Sanskrit word Tattva which means qualities in the body and in all matter which are Earth, Water, Fire, Air, and Ether.

    Tattvan – Startup Launch

    At Tattvan, the priority was to educate people about telemedicine. As mentioned, Tattvan opened the first telemedicine clinic in Bareilly. Since Bareilly is a tier 2 city people were unfamiliar with the concept. Hence the team marketed Tattvan using radio promotions, newspaper advertisements, and pamphlets.

    The patients who could only be treated at big hospitals in Delhi needed to know that Tattvan could make their life hassle-free. Without leaving their towns, such patients could be treated by doctors practicing in renowned hospitals in Delhi. The most significant advantage was that positive word of mouth about Tattvan quickly spread. Every patient who visited Tattvan had an excellent experience and shared the same with others.

    “Tattvan’s success is highlighted by the superb treatment outcomes of those we treat. For example, in Bareilly, distraught parents brought their three-year-old child who had been prescribed anti-seizure medication. Because of the drugs, the child was suffering immensely. He could not engage in playful activities like other children his age. A doctor at our e-clinic requested the boy’s parents to have him undergo a few tests and scans. Once completed, the doctor realized the boy had been incorrectly diagnosed and should not take the anti-seizure medication. The doctor tapered off the boy’s medication and transformed him into a happy and active three-year-old again.”, says Ayush recalling a success story.

    Numerous such success stories have helped spread positive word of mouth about Tattvan. People come to Tattvan because it has earned their community’s trust.

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    Tattvan – Startup Challenges

    The most challenging part of this business was shaping the perception that e-clinics are no different from traditional clinics. In many small towns and cities in India, patients expect that every visit to a doctor entails a shot. Many don’t feel they have been treated unless they are injected. Patients also expect a doctor to use a stethoscope to examine them. At Tattvan e-clinics, doctors examine patients over a screen which means they don’t give a shot or use a stethoscope.

    Thankfully the team has successfully molded the perception of e-clinics. Today patients are being treated at its e-clinics and they know that these e-clinics are as good as or better than the best hospitals anywhere. This perceptual shift was brought about by effectively treating patients. As word of mouth about Tattvan’s successes spread rapidly, people began to trust the brand. Today Tattvan enjoys incredible goodwill wherever it has clinics.

    The growth of the online doctor consultation market during the ongoing Pandemic has been tough for Tattvan E-Clinic. There has been a huge spike in the number of online consultancies during these difficult times which has been a challenging task for Tattvan and its Team.

    Tattvan – Growth

    Tattvan has been going from strength to strength. Tattvan is currently operating 5 telemedicine clinics in UP and Uttarakhand, 9 mobile centers in rural UP and 1 in Kabul. With over half a dozen successful e-clinics in India and abroad, Tattvan is treating patients in Afghanistan and parts of Africa. It is also making a foray into China.

    According to a report by Practo, online doctor consultations have increased 500% since March 2020, as five crore Indians are now accessing online healthcare amidst the COVID-19. And, this number has increased since then which has been a major challenge to the telemedicine industry.

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    Tattvan – Future Plans

    “In the future, we expect to open several dozen e-clinics across India and overseas. We believe we have the expertise and business model to bring quality healthcare to millions.” said Mr. Ayush Atul Mishra.

    Feel free to reach us and share your feedback. We would love to hear from you. Do comment us in the comments section below. Happy Reading.

    Tattvan – FAQ’s

    What is Tattvan?

    Tattvan delivers world-class healthcare to residents of cities and towns or wherever it is lacking.

    What is an e-Clinic?

    e-Clinic is a web-based clinic management system designed to help users manage and monitor their clinic over the day using any available device.

    Who is the owner of Tattvan?

    Ayush Atul Mishra is the owner of Tattvan.

    What services does Tattvan provide?

    Tattvan strives to bridge the gap by bringing the best healthcare on earth to everyone, especially to residents of small towns and cities.

    What are some startup challenges faced by Tattvan?

    The most challenging part of this business was shaping the perception that e-Clinics are no different from traditional clinics.