Biography of Veena Moktali: Founder and CEO of Periwinkle Technologies

 Biography of Veena Moktali: Founder and CEO of Periwinkle Technologies- Entrepreneur

Journey of Veena Moktali: 

Veena Moktali's story begins with a strong educational foundation. She pursued her Bachelor of Engineering in Electronics and Telecommunications from Walchand College of Engineering in Sangli from 1992 to 1996. Afterward, she continued her academic journey at San Jose State University, earning a Master of Science in Engineering Management between 2000 and 2002. This blend of technical expertise and management skills set the stage for her future endeavors in the tech industry.

Early Career: From Telecom to Consulting

Veena's career started at British Telecom in the UK, where she worked as a Software Design Engineer from 1996 to 2000. Following her stint in the UK, she moved to the United States and joined Xoriant as a Senior Software Analyst from 2000 to 2002. Despite the challenging timing of the dotcom bubble burst, she continued to build her career in the US. During this period, she also took on a part-time program at San Jose State University, further honing her skills and knowledge.

Transition to India and Entrepreneurial Spirit

In the early 2000s, Veena moved to India when her husband received an offer to lead a startup. She then joined Cognizant Technology Solutions as a Project Manager from 2008 to 2010. Despite her successful roles in various tech companies, Veena felt a desire to create innovative solutions rather than sticking to conventional problems. This led her to establish a consultancy business with a team of 40, which she managed for four years before founding Periwinkle Technologies.

The Birth of Periwinkle Technologies

In 2013, Veena Moktali and her co-founder Koustubh Naik launched Periwinkle Technologies Pvt. Ltd., initially focusing on developing a closed-group communications and data exchange platform. It took them nearly a year to identify a viable application for their idea, eventually finding their niche in the healthcare sector in early 2015. They aimed to revolutionize healthcare communications, laying the groundwork for their flagship products.

Innovative Solutions for Healthcare

The Smart Scope and Net4Medix emerged from their vision. The Smart Scope, a hardware device, is designed for cancer screening, while Net4Medix is a software application that supports remote monitoring and diagnosis. This system allows healthcare providers to perform screenings and track patient health in real-time, addressing the gap in timely medical intervention, especially in resource-constrained areas.

The Smart Scope and Its Impact

The Smart Scope works in conjunction with Net4Medix to facilitate cervical cancer screening. The system sends reminders to patients for routine check-ups, which are then conducted using the Smart Scope in a clinic setting. The results guide doctors on necessary follow-ups and treatments. This system also aids in tracking diabetes and hemophilia, providing valuable health insights and preventing severe complications through timely intervention.

Biography of Veena Moktali: Founder and CEO of Periwinkle Technologies /Entrepreneur/Age/Net worth/investor/Veena Moktali story/Periwinkle Tech story 

Early Achievements and Expansion

Since its inception, Periwinkle Technologies has made significant strides. The team, consisting of six members, has supported over 4,500 patients through more than 40 doctors. They have completed 10 million transactions on their platform and are preparing for their first major product orders. Their success is partly due to effective use of LinkedIn for digital outreach and real-world networking at events and conferences.

Funding and Recognition

The company has received two equity-free grants from BIRAC and seed funding from Capital First Ltd. through Zone Startups India’s mentorship program. Their innovative approach has garnered attention and support from various sectors, helping them build credibility and resources for their ongoing projects. This financial backing and recognition have fueled their growth and development.

Future Goals and Vision

Looking ahead, Periwinkle Technologies is set to launch Smart Scope for cervical and oral cancer screening across India. They are exploring key partnerships in the Home Health ecosystem for research and trials and are currently raising funds for their next phase of expansion. The company's goal is to scale up their impact and enhance cancer screening accessibility nationwide.

Expanding Horizons: National and Global Reach

The company's achievements have been acknowledged through awards, including the Startup Grand Challenge under Ayushman Bharat and recognition at Maharashtra Startup Week. Periwinkle Technologies has also been invited to global forums like the Geneva Health Forum and World Health Assembly, reflecting their growing influence in the med-tech field.

Addressing India's Healthcare Challenges

India’s healthcare system faces significant challenges, particularly in cervical cancer prevention. With the country losing one woman every eight minutes to this disease, effective and widespread screening is crucial. Traditional methods like Pap smears and HPV DNA tests are costly and inconvenient, leading to a need for a more efficient solution.

The Need for a New Screening Method

The need for a single-visit, affordable, and accurate cervical cancer screening method is evident. Existing tests often require multiple visits, extensive infrastructure, and are expensive, which deters many women from undergoing regular screenings. Thus, a streamlined, accessible solution is essential to improve screening rates and save lives.

Periwinkle’s Solution to the Problem

Periwinkle Technologies addresses this issue with their Smart Scope® CX, a device designed for single-visit cervical health examinations. The device, combined with the Net4Medix application and AI technology, provides a comprehensive and user-friendly solution. This innovation aims to make cervical cancer screening more accessible and efficient, especially for women in underserved areas.

Continued Growth and Innovation

Periwinkle Technologies continues to expand its operations, leveraging its past successes to push for greater social impact. The company's growth is fueled by its commitment to improving healthcare access and its ability to attract significant funding and partnerships. Their ongoing efforts include expanding their product line and exploring international markets.

Looking Forward: Expanding Impact

The founders of Periwinkle Technologies are focused on scaling their impact both nationally and internationally. Their innovative approach to med-tech aims to address critical healthcare gaps and provide affordable, effective solutions for cancer screening. With a strong track record and ambitious plans, they are poised to make a significant difference in global health.

Conclusion: A Vision for Healthier Futures

Veena Moktali's journey from a software engineer to a med-tech pioneer highlights her dedication to leveraging technology for social good. Through Periwinkle Technologies, she has created a platform that not only addresses immediate healthcare needs but also sets a precedent for future innovations in medical technology. As the company continues to grow, it remains committed to its mission of improving health outcomes and expanding access to life-saving screenings worldwide.

Timeline of Veena Moktali's Journey:

1992-1996 - Bachelor of Engineering in Electronics and Telecommunications, Walchand College of Engineering.

1996-2000 - Software Design Engineer, British Telecom.

2000-2002 - Senior Software Analyst, Xoriant; Master of Science in Engineering Management, San Jose State University.

2008-2010 - Project Manager, Cognizant Technology Solutions.

2013 - Co-founded Periwinkle Technologies Pvt. Ltd.

Early 2015 - Periwinkle Technologies pivots to healthcare sector.

2015 - Launched Smart Scope and Net4Medix for cancer screening and remote monitoring.

2024 - Expanding Periwinkle Technologies' impact, securing funding, and exploring international markets.

Biography of Veena Moktali: Founder and CEO of Periwinkle Technologies /Entrepreneur/Age/Net worth/investor/Veena Moktali story/Periwinkle Tech story