Medical Devices Company Investment Opportunity in Pune, India
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 |
- 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.
We intend to develop mobile respiratory devices, oximeters, mobile, and desktop spirometers.
The business does not own any assets as of now. It is a technology company. We have registered IP.
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.
The business is by self-funding. There are no loans and debts. There are 2 shareholders.
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Earlier than 15 daysDirector, Electronics Manufacturing Services, Noida, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysR&D Manager, Medical Products, Milwaukee, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Engineering, Pune, Corporate Investor / Buyer connected with the Business