Bengaluru-headquartered tech startup iBus Networks has been profitable since 2016 and says demand for its solutions continues to grow despite the pandemic.
The COVID-19 pandemic accelerated the digitisation method across india for all business sectors, particularly the health care sector, that shifted to telemedicine and remote diagnosing almost immediately.
In 2019, a year before the pandemic, entrepreneurs Amit Singal and Amit Vyas had started engaged on the digital transformation of the healthcare sector.
Amit Singhal has eighteen years of corporate expertise and his last position was IT Head for VECV/Royal Enfield – Eicher Group. Amit Vyas has quite twenty one years and has worked in corporations adore HCL, Aon among others before taking the entrepreneurial jump
The duo launched Gurugram-based Nexus Healthtech Pvt Ltd to revolutionise the health care system in india through technology and innovation. The startup aims to supply personal attention and touch to the users.
Nexus Healthtech — popularly best-known by its product name Maatri — could be a digital health platform to assist mothers track the health of their kids along side different family members.
It provides health-related update information, health monitoring, teleconsultation, and maintains health records, among others.
The team currently includes 20 team members and 6 consultants.
Amit Singal, Founder and CEO, says, “The word Maatri means mother in Sanskrit. The lady or the ‘powerhouse’ of the house manages her children, her family members, her work, and plays several other roles. Maatri, hence, has been built to assist them.”
Maatri: digital health ecosystem
Maatri is split into many segments. The business executive explains that it helps mothers with kids below 5 years to trace their growth as per the world Health Organisation (WHO) standards.
It acts as a private paediatrician, where mothers will keep a tab on their child’s vaccinations, biological process aspects, generate health cards, and connect with doctors online, among others. the merchandise also helps parents recognise any early signs of developmental conditions among their children via a screening test.
Business and more
Speaking about the business model, Amit reveals that users can purchase subscription packages priced between Rs 199 and Rs 499 to access its services.
Besides, the startup additionally earns revenue from its on-line consultation services provided by partner doctors. “Maatri has recorded quite 50,000 installs, over 61 professional doctors, and over 24 clinical tie-ups,” Amit adds.
in keeping with the IAMAI-Praxis report titled, ‘HealthTech Predictions 2021,’ the Indian healthtech market is growing at a 39 % CAGR to achieve $5 billion by 2023.
“We aim to become a Rs 300-400 crore company within the next 2 to 3 financial years,” Amit says.
