Biography of Anmol Ajay Saxena: Founder & CEO of Ashva WearTech -Entrepreneur
Biography of Anmol Ajay Saxena:
The Birth of a Vision
Anmol Ajay Saxena, an electronics engineer and
problem-solver at heart, always had an eye for innovation. While pursuing her
B.Tech in Electrical and Electronics Engineering from VIT University, she
actively participated in various tech-driven initiatives. However, her journey
toward entrepreneurship began with a personal struggle—her own knee pain and
her mother’s prolonged battle with chronic knee issues. This personal
experience planted the seed for what would later become Ashva WearTech, a
groundbreaking startup focused on musculoskeletal healthcare.
A Life-Changing Realization
During a college hackathon, Anmol conceptualized a wearable
device that could monitor knee health in real-time. While her peers chased
conventional job roles, she remained determined to bring her idea to life. To
gain financial stability, she joined Ford Motor Company as a Design and Release
Engineer. However, her entrepreneurial dream never faded, and after 2.5 years
of working, she took a bold step—quitting her job to pursue her vision
full-time.
Understanding the Problem Firsthand
Anmol didn’t just jump into developing a product. Instead,
she took the time to understand the real challenges faced by patients and
doctors. She met 75 physiotherapists and orthopedic surgeons, attended over 30
live surgeries, and conducted extensive research to ensure that her solution
would be both practical and effective. Through these experiences, she
identified the gaps in traditional knee diagnostics and rehabilitation,
inspiring her to create a cutting-edge solution.
The Birth of Ashva WearTech
In 2019, Anmol officially founded Ashva WearTech, a startup
dedicated to decentralizing and democratizing musculoskeletal healthcare. Her
mission was clear—to make knee health assessments intuitive, accessible, and
affordable. She envisioned a future where people could proactively manage knee
health instead of waiting until surgical intervention became necessary.
Introducing Fitknees: A Game-Changer
Ashva’s flagship product, Fitknees, is an AI-powered
wearable device designed to assess knee health in just 10 minutes. The device
includes four motion sensors, a charging dock, and a tablet, providing an
easy-to-use interface for hospitals and physiotherapy centers. Fitknees works
in tandem with another device, Fitmust, offering a more comprehensive knee
health analysis. This innovation quickly caught the attention of healthcare
professionals.
The Growing Demand for Knee Health Solutions
With over six crore Indians diagnosed with osteoarthritis
annually and 2.5 lakh undergoing knee replacement surgeries every year, knee
health is an urgent issue. Many patients seek intervention only when the
condition has worsened. Ashva’s technology aims to change this mindset by
offering early diagnostics and prevention, reducing the need for surgeries.
Ashva’s Early Success in the Market
Despite being a niche product, Ashva’s Fitknees quickly
gained traction in the medical field. Today, it is used in over 115 orthopedic
hospitals and physiotherapy centers, including leading institutions like
Apollo, Manipal, and Aster Hospitals. The product’s accuracy and efficiency
have made it a preferred choice among healthcare professionals, marking a
significant milestone in Ashva’s journey.
A Premium but Valuable Investment
Ashva’s pricing strategy reflects the advanced technology it
offers. The Fitknees and Fitmust combo costs ₹7.5 lakh, while the standalone
Fitmust device is priced at ₹85,000. While the price is on the higher end, the
long-term benefits—such as better diagnostics, improved patient outcomes, and
reduced dependency on surgeries—make it a worthwhile investment for hospitals
and clinics.
Facing the Challenges of a Medical Startup
Breaking into the medical sector wasn’t easy. Convincing
hospitals to adopt a new, tech-driven diagnostic method required persistence
and strategic marketing. Moreover, the high cost of research, development, and
manufacturing posed financial challenges. However, Anmol remained steadfast in
her goal, ensuring that Ashva’s technology stood out through proven efficiency
and real-world results.
Biography of Anmol Ajay Saxena: Founder & CEO of Ashva WearTech -Entrepreneur#startup#age#net worth#investor#shark tank#Ashva WearTech story
Reaching Profitability Against the Odds
Startups often struggle to become profitable, but Ashva
achieved a major breakthrough. In October–November 2024, the company generated
₹17.5 lakh in sales, marking its shift from losses to profitability. This
achievement demonstrated the increasing demand for tech-driven healthcare
solutions and validated Ashva’s business model.
A Bold Step onto Shark Tank India
Anmol’s entrepreneurial journey took an exciting turn when
she decided to pitch Ashva on Shark Tank India Season 4. She sought ₹50 lakh
for 1.25% equity, aiming to scale her business and expand Ashva’s reach. Her
pitch not only highlighted the product’s innovation but also shared her deeply
personal motivation behind creating Fitknees.
The Sharks’ Mixed Reactions
While Anmol’s story and product impressed the sharks, many
remained skeptical about scalability. Sharks Piyush Bansal, Anupam Mittal,
Namita Thapar, and Kunal Shah opted out, citing concerns about market
penetration and high initial costs. However, the pitch still had one shark
intrigued.
Vinita Singh Steps In with an Offer
Among the investors, Vinita Singh saw potential in Anmol’s
vision and was willing to bet on Ashva’s future. She offered ₹50 lakh for 4%
equity, a deal that Anmol accepted. Beyond the financial investment, Vinita’s
expertise and network would provide valuable mentorship to help Ashva scale
further.
Scaling for the Future
With Shark Tank backing and a growing presence in hospitals,
Ashva is now poised for its next phase—expansion. The company aims to enhance
its technology, reduce costs, and make knee health diagnostics even more
accessible. Collaborations with insurance providers, government healthcare
programs, and international markets are all on the horizon.
A Revolutionary
Impact on Healthcare
Anmol Ajay Saxena’s journey from an engineer to a healthcare
innovator is nothing short of inspiring. Through Ashva, she is revolutionizing
knee health diagnostics, offering a smarter, AI-driven approach to
musculoskeletal care. With growing adoption and industry recognition, Ashva is
well on its way to transforming the way India—and eventually the world—manages
knee health.
Timeline for story
2014-2018: Anmol studies Electrical & Electronics
Engineering at VIT University.
2018: Conceptualizes knee health wearable during a college
hackathon.
2018-2020: Works at Ford Motor Company as a Design &
Release Engineer.
2019: Founds Ashva WearTech to revolutionize musculoskeletal
healthcare.
2020-2021: Conducts extensive research, meets doctors, and
attends surgeries.
2022: Launches Fitknees, an AI-powered knee health
assessment device.
2023: Fitknees adopted by 115+ hospitals, including Apollo
and Manipal.
Oct-Nov 2024: Ashva becomes profitable, generating ₹17.5
lakh in sales.
2025: Appears on Shark Tank India Season 4 and secures
funding from Vinita Singh.
Future: Plans to scale, reduce costs, and expand to global
markets.
