During this week’s roundtable, we had three entrepreneurs from India pitch three interesting businesses.
First up, Nitish Mukherjee from Gurgaon, India, pitched Bluetor, a digital marketing business focused on running multi-channel campaigns. Bluetor has a POC under way with a large client that should start yielding substantial revenue, and also has smaller clients that are helping pay the bills meanwhile. Thus, they have the first base covered, in terms of bootstrapping. To raise money, however, there is still some work to do.
Next, Sunny Sharma from Delhi, India, pitched Foetron, a business focused on selling cloud services, training and support to SMBs in India. The company has 400+ customers and has reached $1M in revenue. To scale and accelerate, some key strategic questions need to be answered around customer acquisition, product offering, and partnerships.
Sramana Mitra: Let’s go to the payer side. What is the use case on the payer side and how do you cater to those customers?
Jas Grewal: Interestingly, both have the same use cases. On the payer side, they also want to understand the existing and future risks of the patient. We are working with them to look at their member population based on the claims they have. In the hospital, you have the EHR data, but in the insurance companies, you have claims data which has some details around labs. They’re also trying to understand the risks and engage the members in their own care.
The hospital does a few things which are more active. The payers are doing things that are both active and passive. They are passively saying, “You should be going in for a preventive checkup after six months.” We are helping them engage those members who we identify as high risk and putting them in special >>>
Today’s 331st FREE online 1M/1M roundtable for entrepreneurs is starting NOW, on Thursday, December 8, at 8:00 a.m. PST/11:00 a.m. EST/9:30 p.m. India IST. Click here to join. All are welcome!
Today’s 331st FREE online 1M/1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, December 8, at 8:00 a.m. PST/11:00 a.m. EST/9:30 p.m. India IST. Click here to join. All are welcome!
According to eMarketer, about 8.7% of retail commerce all over the world is expected to be conducted online in 2016. While retail commerce is expected to grow 6%, online commerce is expected to grow much faster at 23.7% in 2016. The fast growth in online sales is the primary reason for the skyrocketing valuation of Billion Dollar Unicorn Club member Stripe, which facilitates payments over the Internet. >>>