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
*********
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Private Equity Round — $5.1M
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First Round
First Round
(12 Jun 2012)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2018 | Amount | Private Equity Round - Ascent Meditech | Valuation |
investors |
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| Jun, 2012 | Amount | Unspecified - Ascent Meditech | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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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Founded Year | Domain | Location | |
|
RM
Rajiv Mistry |
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|
Founded Year | Domain | Location |
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RV
Rajkumar Vijan |
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|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ascent Meditech
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ascent Meditech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ascent Meditech Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of minimally invasive products for musculoskeletal procedures
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| domain | founded_year | HQ Location |
Develops innovative technologies for spinal and orthopedic implants and instruments.
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| domain | founded_year | HQ Location |
Orthopedic implants are developed for spine, knee, and arthroscopy procedures.
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| domain | founded_year | HQ Location |
Orthopedic devices and pain management products are developed.
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| domain | founded_year | HQ Location |
Hip and knee orthopedic implants are engineered, manufactured, and distributed.
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| domain | founded_year | HQ Location |
Implants, instruments, and technologies for joint replacement are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ascent Meditech
Frequently Asked Questions about Ascent Meditech
When was Ascent Meditech founded?
Ascent Meditech was founded in 1991 and raised its 1st funding round 21 years after it was founded.
Where is Ascent Meditech located?
Ascent Meditech is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Ascent Meditech a funded company?
Ascent Meditech is a funded company, having raised a total of $5.25M across 2 funding rounds to date. The company's 1st funding round was a Unspecified of $161.54K, raised on Jun 12, 2012.
How many employees does Ascent Meditech have?
As of Apr 04, 2024, the latest employee count at Ascent Meditech is 1,384.
What is the annual revenue of Ascent Meditech?
Annual revenue of Ascent Meditech is $21.79M as on Mar 31, 2023.
What does Ascent Meditech do?
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.
Who are the top competitors of Ascent Meditech?
Ascent Meditech's top competitors include Globus Medical, ExacTech and Implanet.
What products or services does Ascent Meditech offer?
Ascent Meditech offers Orthopaedic Soft Goods, Mobility Aids, Health Care Solutions, Wound Care, and Consumer Goods.
Who are Ascent Meditech's investors?
Ascent Meditech has 3 investors. Key investors include LeapFrog Investments, Rajiv Mistry, and Rajkumar Vijan.
What is Ascent Meditech's valuation?
The valuation of Ascent Meditech is $32.77M as of Jul 2018.
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