Bio Medical Devices Company Investment Opportunity in Mumbai, India

- The company is a bio-medical startup based in Mumbai with a current manufacturing capacity of 20,000 units and is seeking investment to scale marketing, distribution, and assembly.
- The heart rate monitor is the top-selling product, with an average of 200 units sold per month through online channels such as the company's website and Amazon. Revenue sources are diversified, with 40% of sales revenue coming from Amazon and 60% from the company's website. The company utilizes Ship Rocket and Amazon for logistics.
- The company's current sales are entirely business-to-consumer (B2C)
- The company has garnered interest from Bridge Health and Fitterfly for the use of its product in BP reduction programs, showcasing the potential for further B2B partnerships.
- The heart rate monitor is currently sold at an introductory price of INR 1,999 for the first 1,000 devices, with the regular price set at INR 3,499. The company aims to sell approximately 1 lakh units by the end of the year.
- The product current has a +/- 2 points tolerance, which shows they are 98% accurate.
- Collaborating with telemedicine doctors.
- The company has currently outsourced manufacturing with a manufacturing capacity of approximately 20,000 units manufactured a month and we have our own testing and assembly rigs to avoid any leaking of design and work.
- The business already has a ready stock of more than 10,000 units in inventory and is sending them for testing to its partners.
- The business holds the necessary GST certificate & an ISO 13485 certificate.