One of the most critical sectors of the global economy is healthcare. This economic sector continuously develops new technology and ideas to help people live longer and better lives. Life chart is a superb example of a health tech platform in this context because it integrates Ayurveda with science and technology to offer real alternative wellness solutions.
Who are they?
The first holistic alternative health technology platform in India, LifeChart, focuses on a person’s total well-being. The rapidly expanding health technology company is working to create a different healthcare environment to help Indians and people abroad.
When were they founded?
Mukul Shah founded life chart in April 2021.
Who are the founders?
Mukul Shah (CEO and Founder )-
Mukul Shah (Co-founder, CEO): Mukul was the driving force behind several successful enterprises, including Yolo Bus (acquired by Public Ltd company), Openwork (a coworking company developed by UHNIs Family Office), and Nestaway, India’s largest coliving brand, where he served as CEO (VP and Core Team Member).
Sanjay Jadoun, co-founder and CEO-
Sanjay is the COO and a tech enthusiast who has previously led successful startups. Former CEO of OLF, an IRCTC-approved train catering company, and former CSO of Log Brains (Fleet Management System). He is a seasoned businessman with expertise in technology. He was once the CTO and co-founder of Incus Inc., a digital educational platform, and the head of technology at Click2Clinic (Health tech aggregator).
The problem the start-up is solving or Inspiration?
The company’s mission is to develop an immediate, cost-effective, and accessible platform where users can get everything they need for alternative wellness in one place. Specialized consultations assist customers with our ayurvedic doctors, herbal commerce, clinically-tested Life chart herbal products, nutraceuticals, supplements, and naturopathic medicine. These services range from diagnosis to the suggestion of an exceptionally curated care management program.
How does it work?
Life chart is a full-stack alternative wellness digital platform that connects users with the best verified ayurvedic doctor within 60 seconds, thanks to the app’s proprietary AI. This makes it the fastest and most accessible platform available, allowing patients to avoid the difficulties of scheduling appointments and standing in line. Alternative and holistic medicine is the body of knowledge and customs that endure the mysterious passage of time.
What was his previous experience?
Life chart is India’s No. 1 platform for holistic preventive well-being, offering an alternative to conventional healthcare by incorporating meditation, yoga, Ayurveda, naturopathy, and other traditional Indian practices.
How was the start-up struggle?
Building on its growth trajectory, the company raised $250k in its first pre-seed round in May 2022 to an oversubscribed crowd that included notable investors, including Nitish Mittersain, creator of Nazara Technologies, US-based investment VC Expert Dojo, Sarath Sura, Nihal Sura, and Sunn91 Ventures.
How are the progress and current state?
Within five months of the app’s release, the company attracted 45k+ users and observed a high trend of 52% month-over-month repeat users. In addition to 50 or more mental health counselors, they currently employ over 100 Ayurvedic doctors who are all BAMS graduates and associated with the Ministry of Ayush.
Pre-seed funding for the Life chart was raised in May 2022. It was oversubscribed by notable investors, including Nitish Mittersain (Founder of Nazara Technologies), Sunn91 Ventures, Sarath Sura, US-based VC Expert Dojo, and a few more well-known angel investors.
In just six months after its launch, the company was named the second-best health tech startup by the NSDC (National Skill Development Corporation).
Who are the competitors?
The competitors of Life Chart are:
- Jiva Ayurveda
- Kapila
- Mojocare
What is the funding?
$200.0k in Total Funding.
Investors:
1. Nitish Mitchell.
2. Skill dojo.
What are the revenue model and business model?
Life chart is expanding at 25% MOM in terms of customers and revenue. Right now, the Life chart is profitable and unit-level positive. At the moment, Life chart has more than 200 Ayurvedic medical professionals on staff. Life chart will release its Ayurveda products by the end of this month to address ailments related to the gut, men’s well-being, women’s wellness, sexual wellness, and diabetes. This move is being made in response to the enormous demand from customers for alternative health solutions.
How to go ahead?
To close it as soon as January 2023, Life chart intends to raise its next round of funding by a total of $2–3 million. In addition, the company is about to roll out a few new features on its mobile app that will allow users to log their health data and sign up for life-care programs. Under the strict supervision of its ayurvedic doctors, the additions will see the Life chart team assisting patients from when a condition is identified until they have recovered safely.
How are the team and team building –
Sanjay Jadoun, Co-Founder and COO; Mansi Sharma, Co-Founder; Sandeep K, Co-Founder. The headquarters of Life Chart is located in Gurugram, Haryana, India.
Conclusion-
A life chart is helpful and efficient in rapidly connecting patients with medical professionals. More than 100 doctors, health professionals, and counselors support our cutting-edge services and are readily available to assist patients at every stage.
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