About Ascent Meditech
Ascent Meditech is a company based in Mumbai (India) founded in 1991 by Rajiv Mistry was acquired by LeapFrog Investments in July 2018. Ascent Meditech has raised $5.25 million across 2 funding rounds from investors including LeapFrog Investments, Rajiv Mistry and Rajkumar Vijan. The company has 1,384 employees as of April 04, 2024. Ascent Meditech offers products and services including Orthopaedic Soft Goods, Mobility Aids, Health Care Solutions, Wound Care, and Consumer Goods. Ascent Meditech operates in a competitive market with competitors including Globus Medical, RTI Surgical, Implanet, DJO Global and OMNILife Sciences, among others.
- Headquarter Mumbai, India
- Employees 1384 as on 04 Apr, 2024
- Founders Rajiv Mistry
- Stage Minicorn
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Sectors
Healthcare
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Email
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Phone
Locked
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Website
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Social
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- Legal Name Ascent Meditech Limited
- Date of Incorporation 12 Jun, 2012
- Jurisdiction Valsad, Gujarat, India
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Annual Revenue
$21.79 M (USD)16.72as on Mar 31, 2023
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Net Profit
$137.67 K (USD)-77.49as on Mar 31, 2023
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EBITDA
$1.71 M (USD)27.05as on Mar 31, 2023
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Total Equity Funding
$5.25 M (USD)
in 2 rounds
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Latest Funding Round
$5.09 M (USD), Private Equity Round
Jul 11, 2018
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Investors
LeapFrog Investments
& 2 more
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Employee Count
1384
as on Apr 04, 2024
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Acquired by
LeapFrog Investments
(Jul 17, 2018)
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Products & Services of Ascent Meditech
Ascent Meditech offers a comprehensive portfolio of products and services, including Orthopaedic Soft Goods, Mobility Aids, Health Care Solutions, Wound Care, and Consumer Goods.
Products like knee braces for pain relief and injury recovery.
Devices such as crutches for enhanced movement and independence.
Items like heating pads for pain management and inflammation reduction.
Bandages and fixators for effective wound healing and protection.
Exercise bands for daily health and comfort enhancement.
Funding Insights of Ascent Meditech
Ascent Meditech has successfully raised a total of $5.25M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round of $5.09 million completed in July 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Ascent Meditech
Ascent Meditech has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include LeapFrog Investments, Rajiv Mistry and Rajkumar Vijan.
| Investor | Description | Founded Year | Domain | Location |
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Private equity fund focused on banking, finance, healthcare, and multiple sectors
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RM
Rajiv Mistry |
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RV
Rajkumar Vijan |
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Locked | Locked | Locked |
Investor details for Ascent Meditech
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Investments & Acquisitions by Ascent Meditech
Investment portfolio details for Ascent Meditech
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Financial Statements - Ascent Meditech
Detailed financials for Ascent Meditech
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Ascent Meditech Comparisons
Peer comparison for Ascent Meditech
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Competitors of Ascent Meditech
Ascent Meditech operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Globus Medical, RTI Surgical, Implanet, DJO Global and OMNILife Sciences, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Developer of minimally invasive products for musculoskeletal procedures
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Develops innovative technologies for spinal and orthopedic implants and instruments.
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Orthopedic implants are developed for spine, knee, and arthroscopy procedures.
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Orthopedic devices and pain management products are developed.
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Hip and knee orthopedic implants are engineered, manufactured, and distributed.
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Implants, instruments, and technologies for joint replacement are developed.
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Detailed competitors of Ascent Meditech
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Latest news on Ascent Meditech
Complete news archive for Ascent Meditech
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Frequently Asked Questions about Ascent Meditech
Ascent Meditech was founded in 1991 and raised its 1st funding round 21 years after it was founded.
Ascent Meditech is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Ascent Meditech is a funded company, having raised a total of $5.25M across 2 funding rounds to date.
As of Apr 04, 2024, the latest employee count at Ascent Meditech is 1,384.
Annual revenue of Ascent Meditech is $21.79M as on Mar 31, 2023.
Ascent Meditech was established in 1991 in Mumbai, India, as a developer within the healthcare sector. A portfolio of orthopedic devices is produced, encompassing soft goods, bandages, mobility aids, and related healthcare products. Operations focus on manufacturing and certification compliance, with the company holding ISO certification and products approved under CE and FDA standards.
Ascent Meditech's top competitors include Globus Medical, ExacTech and Implanet.
Ascent Meditech offers Orthopaedic Soft Goods, Mobility Aids, Health Care Solutions, Wound Care, and Consumer Goods.
Ascent Meditech has 3 investors. Key investors include LeapFrog Investments, Rajiv Mistry, and Rajkumar Vijan.
The valuation of Ascent Meditech is $32.77M as of Jul 2018.