35Under35

This Former IITian has Bridged the Gap Between Innovation and Entrepreneurship

Wrig Nanaosytem was formed in late 2014 after two-and-a-half years of rigorous product development
This Former IITian has Bridged the Gap Between Innovation and Entrepreneurship
Image credit: Entrepreneur India
Former Trainee Writer, Entrepreneur India
1 min read
Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

In a country like India that houses 51 percent of anemic women and children, measuring hemoglobin efficiently is a costly job. Having said so, this former IITian has bridged the gap between innovation and entrepreneurship with his Hemoglobin measurement device Hemometer. Wrig Nanaosytem was formed in late 2014 after two-and-a-half years of rigorous product development.

“It is a pocket size device that operates through Pattern Pending technology, increasing the accuracy and fastens hemoglobin count in just 8 microlitre of blood sample,” explains Ambar Srivastava. Currently, they sell up to INR 1 crore per day to several state and central government bodies, hospitals like Max, Fortis, Reliance, Wockhardt; blood banks and doctors etc. They further plan to develop pregnancy, menstruation, kidney wellness devices by the end of this year. Raising an investment of INR 15 crore from Avendus Capital, they are growing rapidly with a team size of 120 and revenue of Rs 2 million.

More from Entrepreneur

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Stanza Living is Giving Students a Place to Crash