Get All Access for $5/mo

Meet The New-Age Techie Caretaker Who Made it to The Entrepreneur India's 35U35 List How with an AI-based startup, this entrepreneur pledges to revolutionize the health-tech space

By Mohit Sabharwal

Opinions expressed by Entrepreneur contributors are their own.

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

Entrepreneur India

Blenders Pride Reserve Collection presents Entrepreneur's 35U35 list included some path-breaking names from the field of entrepreneurship and the new-age Techie Caretaker, Srikanth Samudrala, made it to the list owing to the AI-based health tech startup he co-founded.

Since his college days, 33-year-old Srikanth Samudrala wanted to start his own business. After graduating from IIT Madras in 2007 and working in the corporate world in senior technology roles for seven years, Srikanth took the leap, quit his job and started his own venture in 2014 to develop a social networking portal on the lines of Facebook. Srikanth says, "It could not take off, and, thus, I had my first stint with failure in the business world."

Srikanth, thereafter, banking on his rich IT experience, started providing IT consultancy to various startups in Pune and Hyderabad. As this went on for a year, Srikanth says he met Kiran Kalakuntla— the founder of eKincare—through a common friend. He says, "Kiran had founded eKincare six months before I met him. He had developed it to help his old parents with medical facilities in India while he studied abroad." On hearing it, Srikanth says he really liked the idea, and decided to partner with Kiran immediately.

Today, with the duo at the helm, eKincare—an artificial intelligence driven B2B corporate wellness platform —is going strong on its journey of becoming bigger, better and newer. At present, it serves 100 corporates as its customers, employs 85 people and expects to clock a turnover of $1 million ARR this year.

Srikanth says, "Our wellness platform integrates medical records of a company's employees and health care services to design wellness plans for the employees, which in turn, reduces company's expenditure toward its employees' health."

The beginnings
eKincare, however, started on a B2C model with a seed investment of $200,000 in 2014. The company followed the model for a year-and-a-half before realizing that people in India were not ready for a personalized product that helps them take care of their health. "We had to shift our strategy 180 degrees. We did that in 2016, and shifted our focus to corporates, which we believed could benefit from our product," Srikanth says.

In the pink of health
The company so far has raised a total of $2 million investment, and is now aiming for skies. For the coming year, eKincare is looking to grow at thrice the rate it grew last year. "As far as I can gauge, it seems we are going well on the path for achieving the same," he concludes.

(This article appears in the February 2019 issue of Entrepreneur Magazine. To subscribe, click here. You can buy our tablet version from Magzter.com. To visit our Archives, click here.)

Mohit Sabharwal

Former Senior Correspondent, Entrepreneur India Magazine

Business News

How to Be a Billionaire By 25, According to a College Dropout Turned CEO Worth $1.6 Billion

Austin Russell became the world's youngest self-made billionaire in 2020 at age 25.

Technology

India Needs Homegrown Product Companies In Semiconductor: Cadence Design's India MD

Most multinationals retain product ownership, key value and intellectual property at their headquarters. As a result, India, despite having a vast pool of design talent, lacks significant Indian product companies in the semiconductor industry, says Jaswinder Ahuja, MD, India Cadence Design Systems.

Living

Taylor Swift Has a Lucky Number. And She's Not the Only High Performer Who Leans Into Superstitions to Boost Confidence.

Even megastars like Swift need a little extra something to get them in the right mindset when it is game time.

Starting a Business

3 Things to Consider Before Your Perfect Business Partner Becomes Your Perfect Disaster

There are many reasons for start-up businesses' high failure rate, including lack of cash, not doing enough research and poor marketing. But this one reason is definitely not getting enough attention.

Career

These 3 Big Tech Companies Offer 6-Figure Salaries and Easy Interviews — Especially If You Follow This Expert's Advice

There are far more candidates than positions, so being strategic on the job hunt is key.

Growing a Business

5 Insights I Learned While Growing My Business from a Startup to a 500-person Company

Scaling a startup from 10 people to 5 hundred is thrilling, but navigating the growth can be tricky. Here are 5 hard-won insights to help you transform your startup into a structured business with a clear roadmap and the right team behind you.