Banu Dhanakoti
- Founder and CEO at HBox
GetLatka interview
How HBox Hit $1.4M ARR in 12 Months with a Medicare Reimbursement Model (Interview with CEO Banu Dhanakoti)
Banu Dhanakoti (Founder and CEO of HBox) spoke to Nathan Latka on August 17, 2022.
HBox figures from the interview
- ARR (2022)
- $1.4M
- Physicians on Platform (2022)
- 100
- Devices in the Field (2022)
- 1,800
- Total Funding Raised
- $1.55M
- Monthly Cash Burn (2022)
- $30K
“So we are we are an end to end platform and services company, and we serve clinics across eight states in US where we not only provide the hardware and software technology, but we also provide end to end care delivery services like clinical care coaches with billing infrastructure and so on.”
“So we don't the hardware is not sold as hardware. It's an integrated subscription model. So we lease those hardware to the patients. So our revenue is all subscription revenue. So we don't sell the hardware as a separate.”
“So we don't let me give you walk you through our business model. Right? We don't lease hardware separately. What we do is we charge per patient on a per month basis anywhere between depending on the volume of the clinic, anywhere between 60 to $79 per patient per month.”
Bio
Banu is a Serial Entrepreneur currently he is the Founder CEO of HBox a Virtual First Care Platform Company that has customers in 8 US States and growing fast. He also has participated in the Indian Investment ecosystem both as Venture Partner in Arali Ventures and as an Angel Investor. He co-founded and served as CEO of FITRAX between 2013-2107, a Series A-funded Health and Fitness startup that integrated Wearable, Mobile Cloud technologies to address the need of the preventative health care market. Before starting his entrepreneurial journey he had a long international career in Product Management, Strategy, and R&D functions, Including heading Industry's first Smartphone developer ecosystem back in 2006 for Nokia. He has an MBA from the Chicago Booth School of Business and loves to read Macro Economics, Philosophy in his spare time.