- Shradha Agarwal has influenced the health technology sector.
- Shradha co-founded Outcome Health.
- She was sentenced on June 30, 2024.
Shradha Agarwal, known for her influence in the health technology sector, was born in India in the mid-1980s. Although she rose to prominence in her field, Agarwal has remained private about her family background. Holding Indian nationality, she comes from a South Asian ethnic background and follows Hinduism. Her educational journey began in India and took her to the United World College of South East Asia, where she earned an IB Diploma. She later attended Northwestern University, completing her bachelor’s degree.
Career Beginnings of Shradha Agarwal
In June 2006, Shradha Agarwal co-founded Outcome Health, initially known as ContextMedia, a healthcare media company. Her career quickly took off, and she held roles such as Board Director at HY Connect and Board Member at Northwestern Student Holdings. From 2013 to 2015, Agarwal was recognized as a Chicago Global Shaper at the World Economic Forum. She co-founded JumpStart Ventures in 2011 to support budding entrepreneurs and became a partner at Social Venture Partners Chicago in 2014.
Legal Troubles & Conviction
Agarwal’s successful career took a dramatic turn when she was sentenced on June 30, 2024, to three years in prison for her involvement in a major fraud scheme at Outcome Health. The scheme defrauded the company’s clients, lenders, and investors, resulting in around $1 billion in fraudulently obtained funds. She was convicted on multiple counts, including five counts of mail fraud, eight counts of wire fraud, and two counts of bank fraud.
Personal Life of Shradha Agarwal
Shradha Agarwal is married to Jayant Premkumar, a professional in Corporate Strategy and Development at Discover Financial Services. The couple tied the knot in December 2016 and has kept their personal lives out of the spotlight. It remains unknown whether they have any children, as they prefer to maintain privacy regarding their family life.
Net Worth
Despite her legal issues, Shradha Agarwal’s entrepreneurial ventures have left her with a significant net worth, estimated at around $900 million. Her contributions to the health technology industry were substantial, but her legacy is now tainted by her involvement in a large-scale fraud scheme. Her story serves as a stark reminder of the importance of ethical practices in business.
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