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Medical Devices Company Investment Opportunity in Pune, India

Pune based medical startup engaged in R&D and manufacturing COPD devices seeks funding.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Medical Devices
Locations  Pune
Local Time 4:21 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 600 thousand for 15.0% stake (Native Currency: INR 50,000,000)
Reason: Promoter is seeking investment for product development, marketing & business expansion. The expected... View More
Interested to connect with advisors
Documents
Business Overview

- Startup engaged in R&D and manufacturing of various portable COPD devices such as desktop and mobile spirometer, and oximeter.

- Have developed a prototype of 4 products out of which, the working model of an oximeter is ready.

- Other devices such as mobile spirometer and desktop spirometers are under the calibrations and trials phase.

- We are in talks with a few manufacturers who will be manufacturing products for us on a contractual basis.

- We will be designing and manufacturing mobile medical devices for the homes, clinics as well as the hospital industry.

- The average market price of each device will be INR 15,000 while the devices manufactured by other companies are INR 23,000 to INR 25,000.

- Our products are completely designed in India while the other products available in the market are imported from other countries.

- Tie-up with 5-6 vendors in Gujarat, Bangalore, and Pune from where the raw materials will be procured.

- Aim to have at least 2 more product prototypes tested and ready for large scale manufacturing in six months.

- Target to sell at least 10,000 units in the first year.

- Marketing will be done through distribution channels.

Products & Services Overview

We intend to develop mobile respiratory devices, oximeters, mobile, and desktop spirometers.

Assets Overview

The business does not own any assets as of now. It is a technology company. We have registered IP.

Facilities Overview

Was working out of a co-working space before the pandemic. We are paying a rent of Rs. 65,000 per month. We have paid an advance amount of Rs. 1.5 lakh for 3 months.

Capitalization Overview

The business is by self-funding. There are no loans and debts. There are 2 shareholders.

Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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