Photo - Karminn QHSE SaaS
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Karminn QHSE SaaS

Embed Quality and Compliance management in your business

India, Tamil Nadu
Market: Internet and IT, Services
Stage of the project: Operating business

Date of last change: 25.06.2021
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Idea

EzyPro ; We support the digital Transformation of Quality and Maintenance Processes in Healthcare and other sectors. Our platform enables Enterprises in meeting Quality, Health and Safety (QHSE) compliance – a global growth opportunity with annual recurring revenue of 2000 to 8000 USD per account (1.5 lakhs to 6.0 lakhs) in Healthcare and ISO certified companies.
Our Hospital QMS product combines an Asset maintenance management module a first of its kind offering to the Healthcare sector, our target segment are tertiary care hospitals seeking accreditation.

Current Status

In the Healthcare segment in the market with customers
9 customers │ >3400 users │ >120 free trial sign ups │ Interest in diverse sectors 150 Market Qualified leads (MQL) │ 70 Sales Qualified Leads │ 30 Quotes ( pre- pandemic)
Average revenue Per account ( ARR 2000 to 6000 USD (1.5 lakhs to 4.0 lakhs per annum)

In Non healthcare with minor product adaptation is ready for deployment

Market

The global market size of this segment is over 8 billion with a CAGR greater than 12%. ( QMS and CMMS ) Our product has been under validation since 2018. The support we seek from investor partners is to strengthen efforts for growth, to build a sales and Marketing team for global reach.

Problem or Opportunity

Ensuring that company operations comply with Quality, Health and Safety and Environment (QHSE) regulations is critical to business of all sizes
At affordable prices, our enterprise customers can use our SaaS and on-site consultancy required for executing internal audits, conducting inspections, handling incidents and non-conformances, document management, tracking performance indicators etc.

In addition to meeting compliance norms, EzyPro delivers productivity, data analytics with its collaborative and easy to use design

Solution (product or service)

Quality and asset maintenance management are key activities that differentiate organizations in an increasingly competitive global market. Apart from improving cost and operational efficiency it is also serves as a tool to facilitate process simplification, continuous improvement and enhance competitive advantage. EzyPro supports the digitization of these processes for a variety of Industries.

A case study up loaded as video

Competitors

Mainly International QHSE and CMMS competition, please see pitch deck, In the healthcare we have local competition too. The main advantage we have is our cost leadership, rich features and customization capabilities built in to cater to a variety of sectors. Since we are built on Azure cloud technologies, we offer many futuristic possibilities to meet customer needs and thus future ready.

Advantages or differentiators

We have four product variants that can be applied across healthcare and other industries developed for the cloud, ground up. We have a innovative checklist generator and quality indicator engine and a cross platform mobile that makes our product adaptable across many compliance frameworks. Our automated onboarding approach accelerates customer adoption, already we have about 3200 paid users of Enterprises . This product built for the cloud and mobile is scalable worldwide with its many built-in features. We have also a pricing engine where differential SaaS pricing can be rendered to users based on country
In addition to its positioning as high value product we will maintain a cost-leadership position vis a vis competition who are all international.

Finance

Yes we have a financial model, summary included in ppt up loaded, essentially, essentially
Annual Subscriptions, onetime initial customization
Annual Recurring Revenue % of 1st year
On site consultancy to support implementation and monitoring
Custom development/product delivered as a SaaS

Business model

Annual Subscriptions, onetime initial customization
Annual Recurring Revenue % of 1st year
On site consultancy to support implementation and monitoring
Custom development/product delivered as a SaaS

It has been our experience that most customers request enhancements of features (customization) and create cross selling opportunities to expand Annual recurring revenue from each account

The annual recurring revenue is between 2500 to 6000 USD per account - 1.75 to 4.5 lakhs per annum. In fact, internationally the ARR can go up to 14000 USD ie up to 10 lakhs

Money will be spent on

Expand sales reach, digital marketing
Strengthen technical team
Product enhancement adaptation for other sectors
Funding the runway for post Covid-19 phase

Offer for investor

Equity up to max 50000 USD, reasonable valuation will be agreed

Team or Management

Risks

Product risk is minimal - no dependence on any particular industry.
Market risks as well as technology deployment risks are minimized due to extensive pilot and traction
Execution risk is minimized due to our consultant network
The bootstrapped investment of USD 400,000 has reduced most of the uncertainties .The development process has extracted optimal value from the funds committed;

Other considerations:
Considerable technology IP exist which will be factor for future valuation.
This round the funds being infused goes primarily for customer acquisition for scale up which will accelerate the next valuation too.

Incubation/Acceleration programs accomplishment

None - Totally Bootstrapped

Won the competition and other awards

We are being featured in CIOLook magazine under " Best consulting Startup 2021"

Photos

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Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation