New Delhi, Nov. 20 -- Health device and tech startup Ultrahuman is moving towards diversifying its revenue streams both from a geographies and products point of view, according to the company's co-founder.

"In the US, our non-ring category is growing very fast, as are the non-US geographies," Mohit Kumar, also Ultrahuman's CEO, told Mint. "We're not dependant on one thing or solving just one problem."

The company recently launched in Australia, Canada and Germany as it seeks diversify its business after the US International Trade Commission banned it last month from importing and selling its smart rings in the US, which accounts for 45-50% of its revenue. The ban was over an infringement of a patent owned by rival Oura.

Kumar said that...