Orange health Labs is a full stack diagnostic lab that provides on-demand pathology testing.
Selection Criteria | Orange Health Labs Points |
---|---|
Tech-enabled product/Internet-first product | Yes ✅ Website : https://www.orangehealth.in/ |
Achieved PMF | Yes ✅ Company Stage: Series B Total funding: $34.9 M IPO Stage: No |
Repeat usage of the product | Usage frequency: Medium |
Interest | Yes ✅ |
Familiarity | Yes ✅ |
Willingness to pay | Yes Orange Health's only provides paid services and its estimated annual revenue is currently $76.3M. https://growjo.com/company/Orange_Health |
What is Orange health labs vision?
Orange health labs view on healthcare is that, like much else, it should reach our homes – conveniently and affordably.And effective medicine will be only when online and offline worlds combine.
Orange health labs efforts will be to create services and products that doctors can use with their patients in clinic or remotely at their homes to better assess and diagnose patients health and provide the right treatment.
What is Out of scope for the assignment?
Orange health labs has 3 business model:
Here we will focus on only D2C customers where the customer wants a health checkup/test at home.
What Orange health labs is trying to solve?
Over the last two years, healthcare and diagnostics have emerged as a key theme for India,
especially in Tire 1 cities, and people are more proactive, rather than reactive, for their daily healthcare checkups. However convenient , effective and accurate diagnosis is something our customer refuse to trade off. And that's where Orange Health Labs steps in.
Here, are the 3 major pain points of out consumers, that we are trying to solve:
How we are solving these pain points ?
At Orange health Labs, we take pride of doing that just right! All our attention and effort is to get accurate health checkup tests at convenience. For this we take care of all the minute things that other labs don't.
ICP 1 | ICP 2 | ICP 3 | ICP 4 | ICP 5 | ICP 6 | |
ICP Name | Chronic Patient | Busy working children | Health-conscious millennial | Paranoid when ill | Self-healer | Soon-to-be a mom |
Age | 40-50 | 30-54 | 30-45 | 38-48 | 35-40 | 30-35 |
Goals | Maintaining a healthy lifestyle | Parental care | Being healthy inside and outside | Get well as soon as possible | recover from an ailment with little to no reliance on medication | A healthy baby |
Income levels | 20-30 LPA | 40-60 LPA | 20-40 LPA | 50-60 LPA | 30-40 LPA | 20-30 LPA |
Gender | Female | Male | Male | Female | Female | Female |
Location | Bangalore | Bangalore | Hyderabad | Bangalore | Pune | Pune |
Companies | MNC | Early stage Startup | Startup | Big Product Company | Medium scale Service Company | MNC |
Marital Status | Married | Unmarried | Married | Unmarried | Unmarried | Married |
Where do they spend time? | Youtube, Healtify.me, Reddit, OTT | OTT, Youtube, Gaming , zomato, swiggy Dinning and dating, Instagram | Gym, Youtube , Cult.fit , Marathons, Sports | OTT, Youtube, Shopping , yoga classes, zomato, swiggy Dinning | Meditation, Yoga, OTT , youtube, parks, instagram | Doctor's Appointments, Parenting Classes, Online Communities, Baby Stores |
Where do they spend money? | OTT subscriptions, Health related app and clubs, Yoga classes , Zumba classes Healthy food, snacks. | OTT subscriptions, Home deliveries, Electronics. | Sports club, health tracking devices, electronics. | Clothes, cosmetics, gym and yoga class fees, food order. | Alternative therapy, Organic and Whole Foods, Travel and retreats. | Prenatal Care, Baby Gear, Maternity Clothing, Childbirth and Hospital Expenses Nursery and Baby Room |
Time Vs Money Prefrence | Money | Time | Money | Time | Money | Money |
Pain points |
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2 | 4 | 1 | 3 | |||
Particulars | Adoption Curve | Usage frequency | Appetite to pay | TAM | Sum Product | |
ICP 1 | Chronic Patient | 3 | 3 | 3 | 1 | 24 |
ICP 2 | Busy working children | 3 | 3 | 2 | 2 | 26 |
ICP 3 | Health-conscious millennial | 3 | 2 | 3 | 2 | 23 |
ICP 4 | Paranoid when ill | 2 | 1 | 3 | 1 | 14 |
ICP 5 | Self-healer | 1 | 1 | 1 | 1 | 10 |
ICP 6 | Soon-to-be a mom | 1 | 3 | 2 | 1 | 19 |
Looking at the Prioritisation table , we can divide into ICPs into Power users, active users, dormant users:
Power users : ICP 1 , ICP 2
Active users : ICP3 , ICP 6
Dormant users : ICP 4 , ICP 5.
Vision of the Orange health Labs to be in all cities of India and and every health checkup to be done through Orange health Labs.
ICP 1 : Chronic Patients
Let's take diabetic patients only as other chronic patients will be significantly lower
Line Item | Value | Comments |
No. of diabetic patients in indian in 2023 | 100 Million | As per Ministry of Health and Family Welfare report |
Total Addressable Market | 100 Million |
|
% of total population living in Tire 1 cities | 34% | |
No. of diabetic patients in india Tire 1 cities in 2023 | 34 million | Pro-rata basis |
Servicable Addressable Market | 34 million | |
Total indian population | 1400 million | 1% of india total population is earning more than 30 LPA = 14 million |
% of india total population is earning more than 30 LPA | 1% | |
Total number of indian earning more than 30 LPA | 14 million |
|
% of india total population is earning more than 30 LPA living in Tire 1 cites | 34% |
|
Total number of indian earning more than 30 LPA in tire 1 cities | 5 million |
|
Total number of indian earning more than 30 LPA in tire 1 cities and is diabetic | 0.35 million | 7% of total indian population is diabetic |
Serviceable Obtainable Market | 0.35 million |
ICP 6 : Soon-to be Moms
Line Item | Value | Comments |
No. of Pregnant women in indian in 2023 | 30 Million | https://iapsm.org//maternal-health.html#:~:text=Every%20year%20in%20India%2C%20roughly,27%20millions%20have%20live%20births. |
Total Addressable Market | 30 Million |
|
% of total population living in Tire 1 cities | 34% | |
No. of Pregnant women in india Tire 1 cities in 2023 | 10.2 million | Pro-rata basis |
Servicable Addressable Market | 10.2 million | |
Total indian population | 1400 million | 1% of india total population is earning more than 30 LPA = 14 million |
% of india total households is earning more than 30 LPA | 1% | |
Total number of households earning more than 30 LPA | 14 million |
|
% of india total households is earning more than 30 LPA living in Tire 1 cites | 34% |
|
Total number of households earning more than 30 LPA in tire 1 cities | 5 million |
|
Total number of indian earning more than 30 LPA in tire 1 cities and is expecting | 0.5 million | 1% of total indian population is expecting a baby |
Serviceable Obtainable Market | 0.5 million |
Similarly we will calculate the TAM, SAM and SOM of all the ICPs which will give us total TAM, SAM and SOM for Orange health labs.
Since Orange health labs have around +1 lac download in play stores and have stable revenue for last 2 years with total funding of 34.9 M, suggest that it has met the product market fit and is in early scaling stage.
Since it is in early scale stage we will experiments with channels that can provide scale with minimum effort and is flexible enough to accommodate any changes is the traffic.
Now let's prioritise channels on below criteria :
Channel name | Cost | Flexibility | Effort | Lead time | Scale |
Organic | Low | Low | Low | Medium | Low |
Paid Ads | High | Medium | High | High | High |
Referal | Low | High | Medium | Low | High |
Product integration | Medium | High | Medium | Low | High |
Based on above table, we will prioritise on the following two channels:
Why Youtube Ads?
Average customer spend per order | 500 |
Frequency of order per year | 2 |
Lifespan of customer (in years) | 3 |
Customer LTV | 3000 |
Customer Acquisition Cost :
Avg. monthly search vol. | 6500 |
CTR | 90% |
Clicks | 5850 |
Conversion rate | 2% |
Paying Customers | 117 |
CPC | 4.03 |
Ad spends | 23575.5 |
CAC | 201.5 |
CAC : LTV is 1 : 14.88 , Hence paid ads will work
Target ICPs :
The AHA moment : Why someone will Refer Orange Health Labs?
During the user research, all the active user showed some interest to refer our product to their friends and family member.
After talking to them a bit more, the insight we get is that there are 2 AHA moment for them.
1 > When they were able to book the slots at their convenient time , ie the availability of slots.
2 > When the technician who came to their home was professional, clean and respectful to the customer. Also he/she was aware that he/she is at someone else home and acted respectfully.
Apart from these insights , users fairly associates our products with accuracy and connivence.
Below is the the typical user journey of our product satisfied customer :
However looking at the journey , a user is most likely to refer after he/she has received the service.
"Welcome to 'Guardian Coins: Our Gratitude for Your Health Guardianship' –where your trust in us is not just valued; it's celebrated. We're your partners in health, and we want to show our appreciation in a special way. Our innovative referral program is designed to honor the trust you've placed in us to safeguard the well-being of your family.
As you embark on this journey with us, you're not just a customer; you're a 'Health Guardian,' and we're excited to reward your commitment to your loved one's . Let's embark on this rewarding health adventure together!"
How it works:
When to show the referral program?
Validating the AHA moment:
How user will discover the referral program?
Let's say user wants to find the referral program without any prompt or notification from us. Most probably these will be our power users and regularly access the "Profile" to view the reports.
So we can place the referral programs like below :
And if the user is a very frequent user , we can add the referral program on the home page as well.
Track your Referrals :
Once user is in Profile > Referral , user can see a quick overview of his/her referrals which will includes:
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