Biography of Dr. Ashish Patil: Founder and CEO of P-Flow- Entrepreneur
Biography of Dr. Ashish Patil:
P-Flow is an innovative healthcare startup founded by Dr.
Ashish Patil and Dr. Preeti Patil. This company focuses on creating products
that help diagnose prostate and urinary infections and provide a convenient,
home-based urine testing solution. Their flagship product is a portable and
disposable kit that replaces traditional uroflowmetry tests, making it easier
for patients to test their urine at home without needing specialized equipment
or technicians.
The Need for
Innovation in Urology
Urine flow tests are essential for diagnosing various
urinary tract issues, including prostate infections. However, traditional
testing methods are expensive, require professional handling, and often take a
lot of time. P-Flow's innovation aims to make these tests accessible at home,
eliminating the need for costly machines and allowing patients to receive quick
reports on their mobile devices.
The Pitch on Shark Tank India
P-Flow got a significant opportunity when it appeared on
Shark Tank India, Season 2. The founders pitched their business, asking for ₹60
lakh for a 1% equity stake in the company, valuing it at ₹60 crores. Their idea
was to revolutionize the way urinary tests are conducted, making it both
convenient and affordable for patients.
The Sharks’ Response and Negotiations
The sharks were impressed with P-Flow's potential, but they
negotiated hard. Initially, Amit Jain and Namita Thapar, two of the sharks,
offered ₹60 lakh for 10% equity, valuing the company at ₹6 crore. However, the
founders believed their business was worth more and countered with an offer
that valued the company at ₹20 crore, asking for 3% equity for the same ₹60
lakh investment.
The Deal Finalized
After some back-and-forth, the sharks revised their offer to
₹60 lakh for an 8% equity stake, valuing the business at ₹7.5 crore. However,
the final deal was made at ₹60 lakh for a 6% equity stake, bringing the
company’s valuation down to ₹10 crore. This deal was accepted by P-Flow,
securing the much-needed investment to scale up their operations.
The Unique Product
P-Flow’s home-based urine flow measuring and diagnosis kit
is the first of its kind in the world. Unlike traditional devices that require
technicians and electricity, this kit is portable, disposable, and
user-friendly. It allows patients to test their urine flow and diagnose
prostate or urinary infections at home, saving time and money.
Biography of Dr. Ashish Patil: Founder and CEO of P-Flow- Entrepreneur/age/net worth/investor/home-based urine flow measurement and diagnosis kit
Focus on Ethical Manufacturing
P-Flow prides itself on manufacturing products that meet
high ethical and professional standards. The company places a strong emphasis
on clinical services, diagnostic facilities, and research to ensure that their
healthcare devices are both effective and reliable.
Dr. Ashish Patil’s Achievements
Dr. Ashish Patil, the co-founder of P-Flow, has an
impressive background. He is a two-time Guinness World Record holder and has
performed over 1,72,155 kidney stone removals. He is also known for performing
the largest kidney surgery ever. His expertise and achievements in the medical
field have played a key role in driving the success of P-Flow.
Innovation and Patents
P-Flow has made significant contributions to the field of
urology with 43 innovations to date. The company owns 18 patents, further
solidifying its position as an innovator in healthcare. These patents protect
their unique products and ideas, ensuring that their solutions remain one step
ahead of competitors.
Accuracy and Affordability
P-Flow’s home testing kit offers 95% accuracy, which is
impressive for a product of its kind. The cost of three tests is only ₹1,000,
making it an affordable option for patients compared to traditional
uroflowmetry machines. This affordability is one of the reasons the product has
gained traction in the market.
Growing Sales and Market Potential
Since launching, P-Flow has sold over 650 units of their
urine flow test kits. This shows a growing demand for their products and
indicates a strong market potential for their solutions. As more people seek
convenient healthcare options, P-Flow is well-positioned to expand its reach
and impact.
Addressing Kidney Disease Management
P-Flow’s innovation goes beyond just urine testing; it is a
breakthrough in kidney disease management. By making urine flow testing
available at home, P-Flow helps in early detection and diagnosis of
kidney-related issues, leading to better management and outcomes for patients.
Future Outlook and Expansion
With the investment from Shark Tank India and a solid
product offering, P-Flow is poised for significant growth. The company aims to
expand its product range, increase its market share, and continue improving
healthcare accessibility for patients worldwide. As P-Flow scales up, it hopes
to make a lasting impact on the healthcare industry, especially in the field of
urology.
A timeline for P-Flow's journey:
Founding: P-Flow is founded by Dr. Ashish Patil and Dr.
Preeti Patil, focusing on creating a portable and disposable urine flow testing
kit for prostate and urinary infections.
Innovation: P-Flow develops the world’s first home-based
urine flow measurement and diagnosis kit, providing a convenient and
cost-effective alternative to traditional uroflowmetry tests.
Shark Tank India (2022): P-Flow appears on Shark Tank India,
pitching for ₹60 lakh for a 1% equity stake, valuing the company at ₹60 crores.
After negotiations, they accept an offer of ₹60 lakh for a 6% equity stake,
bringing the company’s valuation down to ₹10 crore.
Product Features: P-Flow’s kit offers 95% accuracy and costs
₹1,000 for three tests, making it a highly affordable option compared to
traditional testing methods.
Growth: Since launching, P-Flow has sold over 650 units of
its urine flow test kits, indicating strong market demand and potential.
Impact on Kidney Disease Management: The product helps with
early detection and diagnosis of kidney-related issues, contributing to better
management and outcomes.
Future Outlook: With investment and growth, P-Flow plans to
expand its product range, increase market share, and enhance healthcare
accessibility globally, especially in urology.
