Shradha Agarwal

Shradha Agarwal is photographed in her office.
(Antonio Perez / Chicago Tribune / Jan. 19, 2015)

Shradha Agarwal co-founded Outcome Health, originally called ContextMedia, with Rishi Shah in 2006 to help patients with chronic diseases better manage their health. The company offers products including digital anatomy boards to help doctors talk to patients about illnesses or treatment options, and programming relevant to an office’s patient population to be shown on screens in waiting rooms.

The company raised its first outside funding in May 2017 – more than $500 million, at a valuation of more than $5 billion. Investors included Goldman Sachs, Google and a fund co-founded by Illinois gubernatorial candidate J.B. Pritzker.

In October 2017, Outcome Health was the subject of a Wall Street Journal story alleging that employees had misled advertisers about their ads’ performance. Lawsuits from investors alleging fraud came shortly after. More than one-third of the company’s 535 employees took a voluntary buyout, and pharmaceutical advertisers pulled tens of millions of dollars in advertising and hospitals have backed away.

A statement from Outcome Health said it remains committed to improving health care and creating technology jobs in Chicago. In December 2017, the company called off plans to take over nearly 400,000 square feet of office space at 515 N. State St. in Chicago.

In 2012, she and Shah started angel fund JumpStart Ventures to help launch businesses focused on health and education. As of 2014, the $10 million fund had made 30 investments, according to Shah.

Agarwal is a mentor at the Founder Institute & Blueprint Health, serves on the boards of HY Connect and Northwestern Student Holdings, and is a World Economic Forum Global Shaper. Agarwal was honored as a Champion of Change by the White House and recognized as Best Female Founder at the United Nations in 2013.

Find her on social: @shr4dha Shradha Agarwal
Age: 33 Website: contextmediainc.com
Connected to: Rishi Shah, co-founder and CEO, Outcome Health

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