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Tech future of healthcare? Praveen Sinha sees unprecedented growth post-Covid-19

A recent report suggests a compounded annual growth rate (CAGR) of 39% with an expectation to touch $5 billion by 2023 for the health-tech industry. It is also expected to cross the $50 billion mark by 2033.

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Praveen Sinha

While commenting on the rise of the health tech amid the pandemic, seasoned market analyst and investor Praveen Sinha said the industry will witness unprecedented growth shortly. The world was already moving rapidly towards adopting technology across the industries. However, with the outbreak of the pandemic, there has been a quantum leap in embracing technology, especially by healthcare. Consequently, the health-tech startups attracted $15.3 billion in the year 2020 when most of the other sectors remained cash-starved. 

“The growth in investments in the health-tech despite the severe economic slowdown is an indication towards a bright future for the industry. It is no more a secret that health tech has enabled millions of people across the country to a more proficient and affordable access to healthcare. At a time when you have to stay home to contain the virus, it has become impractical to visit the doctors in physical. Health-tech has enabled best medical services to the people in simplest forms through their smartphones,” says Praveen Sinha Jabong Co-founder. 

Divided into six segments —e-pharmacy, wellness, telemedicine, fitness, healthcare IT, home healthcare and personal health management, and analytics, the health-tech market stands at $2 billion at present. Amongst all the six segments, e-pharmacies holds a major chunk with almost $700 million revenue annually. Telehealth is yet another segment that is skyrocketing with the outset of the pandemic. “Telehealth has made both, the consumer and the provider comfortable and safe. There are few players already in the sector, expect a lot to flourish more soon.”

Recently, in a significant development, Tata Digital has acquired 1MG and made significant investments in Curefit. Moreover, PharmaEasy’s parent API Holdings Ltd bought 66.1 percent stakes in the diagnostic chain Thyrocare Technologies for INR 4,546 crore. Interestingly, relatively smaller health-tech startups such as Breathe Well-Being raised $1 billion led by 3one4 Capital. “I am amazed to see young and small health-tech startups getting fund infusions from across the world. Many big ones are already doing good, but these early-stage startups have scalable and out-of-the-box business ideas that make them stand apart,” says Praveen Sinha. 

Further, few health-tech startups are also working towards enhancing healthcare access to the rural areas of India. Blackfrog Technologies, for instance, is making delivery of vaccines possible even in the areas where motor-able roads are absent. The Manipal-backed startup has developed solar-powered vaccine carrier backpacks with an IoT device to track the vaccines. These backpacks ensure safe temperature for the vaccines (2 to 8°C) and eliminate any chances of vaccine freezing.

Read Also: PM Modi to visit Varanasi on July 15 to inaugurate projects worth Rs 1,500 crore

“I see unprecedented growth in health-tech in the years to come. Our population is becoming more tech-savvy and with more and more infusion of AI/ML, more people will subscribe to health tech. With the support of the government and entry of international players into the market, the industry is ought to grow immensely.” Sinha also saw health-tech as an opportunity for investors to help startups inculcate disruptive yet sustainable solutions for better healthcare delivery. 

Praveen Sinha is the co-founder and ex-managing director of Jabong.

Press Release

Jakson Group announces its new venture Jakson Green Private Limited

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Jakson

Noida, July 07, 2022: Jakson Group, one of India’s leading energy and infrastructure company, has today announced its new venture Jakson Green Pvt Limited(JGPL).  Jakson Green Pvt Limited will focus on Green Hydrogen & Ammonia , Waste to Energy , Electrolysers and Fuel cells , Utility-scale Battery Energy Storage Systems(BESS) , Solar  and related Operation & Maintenance services across all these lines of business. This new venture is a testimony to the Company’s increasing footprint and focus on sustainable growth in the renewable energy sector.  

The Company is happy to announce the appointment of Mr Bikesh Ogra as the Chief Executive Officer and Managing Director of Jakson Green Pvt Limited who carries over 26 years of experience in the energy sector. In his last assignment he was Global CEO of Sterling & Wilson Solar Ltd. Mr Bikesh will also be supported by Mr. Kannan Krishnan as Chief Operating Officer of the company.   

 As one of the first steps towards our aspiration, Jakson Group has signed an agreement with a leading US-based fuel cell manufacturer for pursuing Hydrogen projects in India.  

 Commenting on these developments, Jakson Group’s Chairman, Mr Sameer Gupta, said “We at Jakson Group feel delighted and excited about this new venture and are confident that it will scale great heights under its able leadership. This reflects Jakson Green’s commitment to sustainability and we are happy to be part of the vision of our Hon’ble Prime Minister to make India carbon neutral by 2070.” 

With these new developments, Jakson Group has taken definitive strides, towards significantly increasing its revenue over next three years. 

About Jakson Group 

Established in the year 1947, The Jakson Group has diversified from a Diesel Generator Manufacturing Organisation into an Energy Solutions Company, providing expertise in the fields of Distributed Energy, Solar Power, Battery Energy Storage System & Solar and Electrical EPC. The Company has an extensive presence throughout India with 4 manufacturing facilities, 30+ Sales Offices and a wide network of channel partners and dealers making it one of the top 10 energy companies in India. The company emphasises on providing superior quality products and offers the most viable & cost effective solutions to its clients backed by the long standing expertise in the Energy Industry.  For more information on the Company, please visit   www.jakson.com 

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Himanshu Patel, a company named Epic Stories, is doing wedding photography of celebrities and others

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Himanshu Patel

It is said that where there is a will, there is a way. This proverb was translated into reality by Himanshu Patel, a young man coming from Chhatarpur, a small place in Madhya Pradesh, who studied engineering, but wanted to do something else. That’s why he took the camera and became a wedding photographer today. Himanshu Patel is doing wedding photography today by living in Mumbai and for this he has also formed his company ‘Epic Stories ‘. Now Himanshu is very famous for wedding photography among other people as well. This is the reason that now he is seen doing photography not only in the country but also in the weddings held abroad also.

Every parent expects their children to do something good. This hope was also from Himanshu Patel to his parents. So Himanshu did his engineering from GSITS Indore, but by the end of the year he felt that his world was in photography. So even after placement, he listened to his heart. Photography was his hobby then, but it later became his profession. Himanshu says that my father supported me a lot. I convinced my father for my profession. I think you have to be skilled for what you do. Nothing happens just by thinking, you have to work for it.

Himanshu Patel further said that there is a huge difference between professional photography and casual photography. I am photographer. I shoot famous celebrities. But till date I have not taken photography class from anywhere. Just went on learning with his perseverance. Today people have tools like YouTube, from where they can learn photography. Today there is no need to go to any school or college. Himanshu said that it is important to follow the impression for good photography. Follow such an impression that you relate to yourself. Regarding phone photography, he said that there should be an understanding of manual photography mode. With basic under standing, you can do better photography than the phone. Good photography does not require an expensive camera.

Let us tell you that Himanshu Patel has done wedding photography of many celebrities like Yuvika Chaudhary, Shweta Tripathi, Prince Narula, Karishma Tanna and many more international projects are with him, which he is going to shoot abroad. Himanshu says that privacy is most important for a celebrity. Act professionally in big weddings. Wedding photography does not mean that you have been shooting everything. You should know when to shoot what.

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TaxClue- India’s Fastest Growing Website Skyrocketing Growth of New-Gen Entrepreneurship Startups

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April 28: The rising Indian business services startup, TaxClue empowers entrepreneurs across the country with simplified business registrations and compliances through a hundred percent online and digital mode with an objective to make business compliances easier, simpler, and affordable.

Starting a business and growing it tenfold will require an entrepreneur to fulfill a good number of legal and regulatory requirements. To ensure that the business remains compliant and grows at a continuous pace, they will need the guidance of a knowledgeable better half throughout the business cycle. This is where online business service companies like TaxClue can aid businesses with a range of services when they are clueless about what to do and where to begin.

TaxClue is an online business services platform, a website, that is dedicated to helping entrepreneurs and businesses to start and grow themselves in the right direction without having to spend huge costs. They are completely online business service providers that use minimum human intervention to fulfill their clients’ expectations.

The main objective of this online portal is to aid rising entrepreneurs, startups, and businesses in varied fields with optimum business services at every stage. They do so, in order to ensure that their clients’ businesses always remain compliant with the legal and regulatory framework, so they can grow without hesitation.

From Business registrations to fundraising, TaxClue offers various services such as GST registration, incorporation of a private limited company, shop act registration, labour law registrations, filing of tax returns, book-keeping, compliance management of companies, LLPs, and more. They also offer intellectual property business services such as patent search, permanent patent, trademark assignment, provisional patent, and trademark objection reply amongst others.

New-generation online business service portals such as TaxClue value the innovation and hard work of startups and entrepreneurs. That’s why they ensure delivery of genuine business services at affordable costs to them in order to guide them in the accurate direction.

In the present times, almost all business service agencies claim to offer a hassle-free experience. While offline business service companies involve a lot of human intervention and delay due to one-to-one interaction with their clients. Some new-gen online business service websites like TaxClue offer a truly hassle-free experience, unlike their offline counterparts, with instantaneous services because of minimum or zero human intervention.

Startups or entrepreneurs can simply hire their services, upload necessary information, make payment, and wait for the official documents to arrive. They can then download the official documents whenever and wherever per their convenience directly from their account.

TaxClue has received a great response since its inception back in December 2016. The company has helped thousands of startups and entrepreneurs skyrocket their growth so far. All thanks to their transparent and comprehensive business consultancy services offered by a team of professional CA, CS, CMA, lawyers, and finance professionals!

The founder of the TaxClue, Mr. Vikas Sharma has over 8 years of experience and expertise in the Taxation field. He is a sharp minded person who is committed to grow his company through use of innovative technologies, investment in incredible ideas, strong business relationships, and by placing emphasis on utmost customer satisfaction. From being a blog journalist to starting his own company, he has certainly come a long way.


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