KOCHI: Technopark-based Good Methods Global (GMG), a fast-growing health startup which is slowly disrupting the US dental space, is set to become the second unicorn from Kerala, after UST Global.
Unicorns are startups valued at $1billion.GMG, founded in 2015 by Abhilash Krishna, Arjun Satheesh, Jayasooryan K V, Kevin Cook and Varun Nelson, will also raise sizeable funds from private equity investors in the coming weeks. “This will be one of the largest investments a Kerala startup has seen,” Arjun Satheesh said on Friday. GMG had raised $9 million(around Rs 57.6 crore) last year.
Stating that he was confident of building GMG into a $1billion value company in the next couple of years, Satheesh said: “Our target is to build CareStack (GMG’s cloud-based dental practice management solution) into a product that disrupts the US dental space and we believe if we do it right we are most definitely on track to create suck value.”Asked about the difficulty in finding quality product software talent in Kerala, he said in the beginning GMG found it tough to attract quality product engineers.
“Now, we are able to attract Malayalis from outside and non-Malayalis. Yes, it took us a while to reach there.”From 140 engineers at its Technopark facility, the headcount will be increased to 200 by the end of this year. UST Global, founded in 1999 from Thiruvananthapuram, had on Wednesday announced $250 million investment from Singapore’s Temasek, valuing the company at over $1billion, making it the first unicorn from Kerala.