BROADCASTS.com

Harpreet Singh Rai, the CEO of OURA Health Ltd, a Finish company which is making a huge splash in the wearable health and wellness space through its smart ring product.\xa0 He shares his stories how he became involved in the business and where he is planning to take it.\xa0 Great stories on how the product works and the benefits behind it, to the future growth and plans of the business. \xa0\xa0\n\xa0\nKey Highlights\nComing out college wanting to be an engineer, spending his first 10 years in the financial world on Wall Street, including Eminence Capital, multi billion dollar Fund, investing in tech\xa0\nCombined his passion for health and wellness with his research in the tech space and getting into wearables as an early adopter/user\nRunning into the co-founder at a grocery store \u2013 and hitting it off\xa0\nPersonally investing in the company in 2016 and joining the board.\xa0 Joining the company full time, in 2017 as President/CEO\xa0\nFounders from Finland, country with great history in tech and health culture (Nokia, Polar, etc)\nOURA \u2013 focus on sleep tracking \u2013 massive benefits of the right amount and type of sleep (lack of sleep is detrimental to health)\nOURA ring \u2013 how it works, the data it measures, what it does and comparison to other wearables\xa0\n\u201cSleep is the world\u2019s best (legal) performance enhancing drug\u201d quote by Matthew Walker, Author of \u201cWhy we Sleep\u201d\nWhat were the first users, beyond the early \u201cbio hackers\u201d adopters \u2013 awareness of Sleep becoming more main stream\nSports connection, with NBA, UFC, NFL teams all inbound requests based on the product benefits\xa0\nCovid influence on the business \u2013 very positive due to the ability to detect potential Covid infection before people show symptoms\nShipped over 500k rings since inception, doubling every year \u2013 raised Series C, over US$ 100 mil\xa0\nGreat diverse group of investors globally, from Google to Temasek (Singapore Wealth Fund), Michael Dell and others. Strategic Investors supporting growth.\nOuraring.com \u2013 only available online, shipping to 100 countries globally\xa0 - North America biggest markets, Europe and Asia growing\xa0\nWhat\u2019s the future going forward.\xa0 Wearable market, 200 million units globally \u2013 smart phones over 1 billion.\xa0\nOpportunities for more use cases to measure important health markers and build in preventive measures to detect heart attacks and others early signs of illnesses \xa0\xa0\xa0\xa0\xa0\nNext steps after raising the money -\xa0 growth, SPACs, IPO and other options out there\xa0\nStrong growth margins and profitable business\xa0\nChallenges and how to overcome them \u2013 strong company values = solutions focused (find 3 solutions to every problem), Ubuntu (ancient African word -humanity to others)\n\xa0\nAbout Harpreet Singh Rai\nHarpreet Singh Rai is the chief executive officer of Oura and a member of its board. His purpose is to be part of a team that is committed to improving the well-being of others. Under his leadership, Oura has grown to a team of nearly 100 employees and has launched its Generation 2 ring, shipping over 100,000 units to 90 different countries. He is responsible for Oura\u2019s vision and strategy and guides decisions that ensure the organization\u2019s financial health.\nBefore Oura, Rai was a portfolio manager who led the technology, media and telecom portfolio at Eminence Capital for 9nine years. He began his career working in Morgan Stanley\u2019s merger and acquisitions group. Rai studied electrical engineering at the University of Michigan.\n\xa0\nFollow us\xa0on our social sites for the latest updatesInstagram:\xa0https://www.instagram.com/sportsentrepreneurs/Facebook:\xa0https://www.facebook.com/marcusluerpodcastLinkedIn:\xa0https://www.linkedin.com/company/sports-entrepreneursWebsite:\xa0https://marcusluer.comPodcast:\xa0https://marcusluer.com/podcast\nTo get in touch, please email us at\xa0podcast@marcusluer.com\n\xa0\nFeel Good by MusicbyAden\xa0https://soundcloud.com/musicbyadenCreative Commons \u2014 Attribution-ShareAlike 3.0 Unported \u2014 CC BY-SA 3.0Free Download / Stream:\xa0https://bit.ly/_feel-goodMusic promoted by Audio Library