Collateral Medical Pvt. Ltd. (ColMed)
Leveraging technology to address critical scarcity of medical oxygen
As on June 2022
ventilators & BiPAP devices supplied to hospitals & institutions
- PAN India
Nikhilesh Tiwari Director, Collateral Medical Pvt Ltd.
During the peak of the pandemic, SAMRIDH aided us in securing a working capital term loan, which enabled us to accelerate the supply of oxygen concentrators. The funding and advisory services we received from SAMRIDH enabled us to manage our cash flow more effectively, cut operating expenses, and use the savings as cash collateral to secure a working capital term loan from an impact investment firm. The capital raised allowed us to enhance our ability to fulfill immediate orders and expand our offerings in the healthcare vertical.
SAMRIDH has assisted Collateral Medical (ColMed) with operational cost for the distribution of importing 3000 oxygen concentrators, ventilators, BiPAP machines and other similar devices to help bridging the supply gap in hospitals and enabling better management of COVID-19 patients. Under the partnership, ColMEd has provided oxygen concentrators and ventilators and BiPAP devices at subsidised rates to hospitals and COVID-19 care units serving vulnerable populations and tier 2 and tier 3 cities.
The sudden onset of the second wave of COVID-19 in India posed the challenge of meeting an unprecedented rise in demand for medical oxygen. Due to the complexities involved in safely transporting liquid oxygen and the bottlenecks in prevailing demand and supply, the shortage was felt more acutely in tier 2 and 3 cities.
Distribution of Oxygen Concentrators, ventilators and other similar devices at Subsidised Rates to Healthcare Facilities
Collateral Medical Private Limited (ColMed), a distributor of medical equipment and devices in India, is enhancing the distribution of oxygen concentrators at affordable prices to plug the supply gaps in healthcare facilities. The support from SAMRIDH enabled ColMed to streamline the process of distributing oxygen concentrators and other similar devices at discounted rates to make it affordable and accessible to the public.