Banu Prasad
๐ค SpeakerAppearances Over Time
Podcast Appearances
how much to rise through equity versus the growth, which would give us the optimal return for us as the founders in the long run.
It's actually, yeah, I'm okay as long as we are happy with the growth.
The problem we are trying to solve is to increase the growth.
And there is a huge possibility to increase the growth.
And hence, we are now internally debating whether we should raise equity capital or through some other debt financing and other route.
If you raise debt, how much would you try and raise?
close to and it needs to be paced out so we are looking at anywhere between 1 to 1.5 million to cover our hardware cost.
The real challenge for us is to if we right now we are adding 300 patients a month
And as I said, we have added a lot of new providers onto our platform who have not started the engine.
Once they start the engine, that 300 patients per month will go to 1,000 patients per month in the next three to four months, which drastically increases our working capital need.
And that's the challenge we are trying to resolve, whether equity is the only way.
We are in talks with some series, say,
health tech VCs as well.
But considering the valuations and those kinds of things, that is where we are internally figuring out what is the right capital structure for us to optimize.
Yeah, but when we raised the $5 million, we didn't have any... Wait, you raised $5 million?
No, not raised $5 million.
When the valuation cap in the previous year was $5 million.
Yeah, but we will be reaching close to 3 million ARR by end of this year.
So it's next another four to five months.
How to Make Elephants Dance.