About Biddano
Biddano is a Healthcare company based in Pune (India) founded in 2016 by Sheetal Yadav, Ashok Yadav, and Talha Shaikh. It operates as a cloud-based supply chain management is provided for pharmacies and hospitals. Biddano has raised $6.97 million across 10 funding rounds from investors including Angel List, BlackSoil and Venture Catalysts. The company has 19 employees. Biddano was last valued at $32.55 million in May 2024. Its chief executive is Talha Shaikh. Its focus areas include HealthTech, Pharmacy IT, B2B E-Commerce and Marketplace. Its competitors include Saveo, Medimny, Retailio, Jetpat and PharmaPe and 2 more; 2 of its 7 listed competitors have raised funding.
Company details
Biddano was founded in 2016 in Pune, India, within the healthcare technology sector. A cloud-based platform is operated to manage supply chains for pharmacies and hospitals. Orders for medical supplies are placed and tracked through the ShortBuk application by pharmacies and local distributors. Connections are established between pharmacies, hospitals, and various distributors. Medicine dispensing management systems are supplied to online pharmaceutical stores.
- Headquarters Pune, India
- Employees 19
- Founders Sheetal Yadav, Ashok Yadav, Talha Shaikh
- Stage Minicorn
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website biddano.com
- Social LinkedIn X Facebook
- Annual Revenue$2.12 M (USD)29as on Mar 31, 2024
- Net Profit-$1.06 M (USD)55as on Mar 31, 2024
- EBITDA-$1.03 M (USD)56as on Mar 31, 2024
- Total Equity Funding$6.97M (USD)
in 10 rounds
- Latest Funding Round$119.85K (USD), Angel Round
May 2024
- InvestorsAngel List
& 157 more
- Employee Count19
Associated legal entities of Biddano
Biddano is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Biddano Wholesale Llp CIN ABA-5302 | Active | 07 Feb 2022 | Pune, Maharashtra | – | – | 3 | View details |
| Biddano Private Limited CIN U74999PN2016PTC167015 | Active | 02 Nov 2016 | Pune, Maharashtra | ₹17.5 Cr | 20 | 3 | View details |
Funding Insights of Biddano
Biddano has successfully raised a total of $6.97M across 10 strategic funding rounds. The most recent funding activity was a Angel Round of $119.85 thousand completed in May 2024. 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 $6.97M
- Total Rounds 10
- Last Round Angel Round — $119,853
- First Round $273,422
(May 2019)
- Investors Count 158
All 10 funding rounds of Biddano with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2024 | $119,853 | Angel Round | $32.55M | Gokul Rajaram | |
| Jun 2023 | $1.55M | Series A | $32.75M | – | |
| Apr 2023 | $609,914 | Angel Round | $••••• | – | |
| Jul 2022 | $1.45M | Series A | $••••• | Z Nation Lab | |
| Jun 2022 | – | Series A | – | Windrose Capital | – |
| Apr 2021 | $2.18M | Series A | $••••• | Dholakia Ventures, Gokul Rajaram | |
| Oct 2020 | $666,667 | Seed | – | Venture Catalysts | |
| Aug 2020 | $60,732 | Seed | – | Shraddha Bhandari | |
| Apr 2020 | $52,793 | Seed | $••••• | NextBillion | |
| May 2019 | $273,422 | Seed | $••••• | Windrose Capital |
| Date | Valuation | Stage |
|---|---|---|
| May 2024 | $32.55M | •••••••• |
| Jun 2023 | $32.75M | •••••••• |
| Apr 2023 | $••••• | •••••••• |
| Jul 2022 | $••••• | •••••••• |
| Apr 2021 | $••••• | •••••••• |
| Apr 2020 | $••••• | •••••••• |
| May 2019 | $••••• | •••••••• |
Full valuation and stage history of Biddano
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
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Verified entity values are shown only after access is granted.
Last known valuation $32.55M (May 2024). 158 investors in total: 29 institutional and 129 angel.
Investors in Biddano
Biddano has secured backing from 158 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Angel List, BlackSoil and Venture Catalysts.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startup accelerator | 2016 | znationlab.com | Cupertino, United States | |
Investing in pre-seed to Series A startups across various sectors in India. | 2020 | dholakiaventures.com | Surat, India | |
Early-stage investment and advisory services for digitally native Indian startups. | 2013 | windrose.capital | Pune, India | |
Early-stage startup ecosystem is supported by Venture Catalysts in India. | 2015 | venturecatalysts.in | Mumbai, India | |
Venture capital, boutique consulting, and manufacturing services in metals and business advisory. | 2019 | prsprojects.com | Ahmedabad, India | |
Multi sector focused full-service investment banking firm also offering VC investments | 2019 | jpin.co | London, United Kingdom | |
A startup accelerator offering funding and support to early-stage companies. | 2020 | 100unicorns.in | Mumbai, India | |
Logistics services are provided for e-commerce and retail sectors. | 2016 | cabtechnologies.com | Gurugram, India | |
Provides distribution, warehousing, and forwarding agent services for logistics. | 2004 | microparkindia.com | Nagpur, India | |
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India |
Investor details for Biddano
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Biddano
The boards of the 2 registered companies of Biddano currently have 6 directors; the longest-serving is Talha Mohd Shakil Shaikh, appointed in 2016. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Talha Mohd Shakil Shaikh DIN 07632656 | Whole-time director | 02 Nov 2016 | 9 yrs 11 mo | Biddano Private Limited |
| Sukanta Das DIN 08531492 | Designated Partner | 07 Feb 2022 | 4 yrs 8 mo | Biddano Wholesale Llp |
| Ranjit Singh DIN 07881200 | Designated Partner | 07 Feb 2022 | 4 yrs 8 mo | Biddano Wholesale Llp |
| Murali Ramanath DIN 09846220 | Whole-time director | 09 Feb 2023 | 3 yrs 8 mo | Biddano Private Limited |
| Shifa Afzal DIN 10761294 | Designated Partner | 31 Aug 2024 | 2 yrs 1 mo | Biddano Wholesale Llp |
| Sanjeev Kumar Shrivastava DIN 10132026 | Nominee Director | 12 Nov 2024 | 1 yr 11 mo | Biddano Private Limited |
People of Biddano
24 people are tracked at Biddano (6 in leadership, 4 in board & advisors, 14 in team); the tracked headcount is 19.
| Name | Role | Group |
|---|---|---|
Sheetal Yadav | Co-Founder | Leadership |
Ashok Yadav | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
Sukanta D | Business Head- Pharma & FMCG | Leadership |
| Head Software Development | Leadership | |
Mahesh Kshirsagar | Head Of Logistics | Leadership |
Indiver Rastogi | Advisor | Board & advisors |
Sachin Oswal | Advisor | Board & advisors |
Kushal Bhagia | Advisor | Board & advisors |
Ashwin Naik | Advisor | Board & advisors |
Sachin Dhebe | Finance Expert | Team |
Hrusheekesh Neje | UI UX Designer | Team |
Kapadia Dharmendra | Operation And Account Manager | Team |
Vikash Kumar | Zonal Sales & Operation Manager | Team |
Swapnali Kale | AS A Accounts Execcutive | Team |
Sagar Gautam Sawane | Associate | Team |
Mahesh Sonawane | Launch Operation Manager | Team |
Karan Jaiswal | Catalogue Executive | Team |
Saikiran Bait | Team Lead | Team |
Nitin Bhardwaj | Sde-2 (frontend) | Team |
4 more people are available in the full profile.
Complete people profiles for Biddano
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Biddano
Figures of Biddano Private Limited, the primary company behind Biddano, for FY 2024. Revenue was ₹17.53 Cr (+29% year on year). Net loss was -₹8.77 Cr (-50% margin). EBITDA was -₹8.42 Cr (-48% margin). Revenue has grown at a compounded annual rate of +116% over three years and +159% over five years.
- ₹17.53 CrRevenue · FY 2024 · +29% YoY
- -₹8.77 CrNet loss · -50% margin
- -₹8.42 CrEBITDA · -48% margin
- ₹2.4 LakhPaid-up capital
- 20Employees (provident fund records)
- +116%Revenue CAGR, 3 years
- +159%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Biddano Private Limited are on its company page.
Detailed financial statements for Biddano
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Biddano
4 dated milestones of Biddano across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Biddano is founded.
- Funding First funding round of $273K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $120K.
Competitors of Biddano
Biddano has 7 listed competitors in our database, 2 of them funded. They include Saveo, Medimny, Retailio, Jetpat and PharmaPe, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| saveo.in | 2019 | Bengaluru, India | $20.02M | 146 | Offers a B2B managed marketplace for pharmacies | |
| medimny.com | 2019 | Thane, India | $206,729 | 10 | B2B marketplace platform for pharmaceutical products is operated. | |
| retailio.in | 2017 | Pune, India | – | 231 | Pharmacies, distributors, and manufacturers are connected via a B2B platform. | |
| jetpat.com | 2013 | Chennai, India | – | – | Provides a mobile marketplace for medicines with B2B options to facilitate efficient distribution. | |
| pharma-pe.com | 2024 | Jalgaon, India | – | – | Provides a B2B online marketplace for purchasing pharmaceuticals. | |
| pharmatradz.com | 2021 | Gurugram, India | – | – | Operates a digital platform connecting pharmaceutical manufacturers, suppliers, and exporters for global trade. | |
| vilkimedicart.com | 2023 | Raipur, India | – | – | Operates an online platform for B2B transactions between retailers and wholesalers in the pharmaceutical industry. |
Detailed competitors of Biddano
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Web traffic of Biddano
The website of Biddano (biddano.com) receives about 1.6K visits a month.
- Monthly visits1.6K
▼ 85.5% vs previous month
Top companies in Pharmacy & Healthcare Retail Systems
10 companies that operate in the same segment as Biddano (Pharmacy & Healthcare Retail Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Alto Pharmacy is focused on providing convenient prescription delivery services. | 2015 | San Francisco, California, United States | USD 591.64 M | – | – | |
Online community and B2B platform for pharmacy professionals is operated. | 2012 | Singapore, Singapore | USD 10 M | – | – | |
Optum is recognized as a leading health solution and care delivery organization. | 2011 | Eden Prairie, Minnesota, United States | USD 250 K | USD 383.36 M | 140 | |
Materials management and business analytics solutions for healthcare are provided. | 1992 | Mountain View, California, United States | USD 20 M | USD 1.18 B | 3,670 | |
Offers a B2B managed marketplace for pharmacies | 2019 | Bengaluru, Karnataka, India | USD 20.02 M | USD 20.23 M | 218 | |
Digital healthcare tools are offered for pharmacies and clinics management. | 2012 | Mumbai, Maharashtra, India | USD 929.11 M | USD 805.55 M | 221 | |
Prescription drugs refill management solutions | 2015 | San Francisco, California, United States | USD 105.54 M | – | 99 | |
On-demand prescription delivery is facilitated for patients through pharmacists' workflows. | 2016 | Jacksonville, United States | USD 30.64 M | – | 95 | |
Medication management systems are supplied to healthcare providers and pharmacies. | 1968 | Columbus, Ohio, United States | USD 8.3 M | – | – | |
Provider of supply chain management platform | 2009 | Columbus, Ohio, United States | USD 5.76 M | – | 55 |
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Related news about Biddano
Complete news archive for Biddano
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Articles about Biddano on our blog
- Funding in Indian Startups (October 26 – 31)03 Nov 2020
Frequently Asked Questions about Biddano
Biddano was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Biddano is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Talha Shaikh is the current CEO of Biddano. They have also founded this company.
Biddano is a funded company, having raised a total of $6.97M across 10 funding rounds to date. The company's 1st funding round was a Seed of $273.42K, raised on May 2019.
Biddano has 19 employees.
Annual revenue of Biddano is $2.12M as on Mar 31, 2024.
Biddano was founded in 2016 in Pune, India, within the healthcare technology sector. A cloud-based platform is operated to manage supply chains for pharmacies and hospitals. Orders for medical supplies are placed and tracked through the ShortBuk application by pharmacies and local distributors. Connections are established between pharmacies, hospitals, and various distributors. Medicine dispensing management systems are supplied to online pharmaceutical stores.
Biddano has 158 investors. Key investors include Angel List, BlackSoil, Venture Catalysts, LetsVenture, and ACG Group.
The valuation of Biddano is $32.55M as of May 2024.
Biddano is associated with 2 legal entities: Biddano Wholesale Llp, Biddano Private Limited.
The legal entities of Biddano currently have 6 directors, including Sukanta Das, Ranjit Singh, Shifa Afzal and others.