 "A Vellayan")
Trimed, started as a pilot in 2010 and launched in 2011 officially, is into management of chronic disease and preventive and wellness services through neighbourhood centres with doctor (allopath), ayurveda, naturopathy, physiotherapy, pilates, psychologist, nutritionist, yoga therapist. It offers treatments in 11 therapy verticals - acupressure, acupuncture, ayurveda, hydrotherapy, magneto therapy, mud therapy, physiotherapy, pilates, psychological counseling, reflexology and yoga.
"I am not a big angel investor and not an e-commerce man. I have invested in Trimed and my whole family has invested, because I am a believer in holistic healthcare," said Vellayan. He said that the model is good and that he believes in the founder.
"I believe in the concept and it is in a way nearest to holistic - a combination of physiotherapy and massage among others. There will be a segment of population who will be prepared to pay this price and the convenience in the place they are located. Some elder people in our family is using it and they are benefited from this," he added.
"The value of investment is not a big worry, but I think the concept is certainly worth support," he added. He advised the company to have a doctor in each centre, watch the cash flow and to start home service, which the company has implemented.
Speaking about the investment, Ennapadam S Krishnamoorthy, founder of the company said that Vellayan is the anchor investor of the company, who invested almost 18 months back along with some others from the friends and family. The company raised around Rs 1 crore in this round of funding from a few investors. Vellayan also catalysed the next round of funding, of around $3,00,000 from a Singapore-based angel investor now, in the second round of funding, said Krishnamoorthy.
The fresh round of fund raising will help the company to mainly develop technology including e-consulting and e-process platform, apart from expanding presence from current four centres to six centres by the end of the current fiscal year, probably entering into Coimbatore and Bengaluru markets. At present, it has presence only in Chennai. Following this, the company would look at a Series A funding to support growth to about 20 centres in around six cities, along with a strong mobile presence as well, between 2017 to 2020.
The company implemented its own electronic patient record system around 20 months ago and from then on, it has treated over 2,400 patients and they have received over 42,000 interventions with Trimed.
