About Caredose
Caredose is a Healthcare company based in Delhi (India) founded in 2016. A mobile app is provided to track patient medication adherence. Caredose has raised $565.75 thousand across 3 funding rounds from investors including GEMS Partners, Ishaan Nath and Anjana Somany. Caredose was last valued at $1.93 million in April 2019. Its Indian entity Gsa Tech Pack Private Limited reported revenue of ₹4.46 Cr. Its focus areas include HealthTech, Disease Self Management, Medication Adherence and App.
Company details
Caredose was founded in 2016 in Delhi, India, within the health technology sector. A mobile application is offered by the company to monitor and optimize patient adherence to prescribed medications. Operations focus on enabling complete compliance through tracking features, ensuring users derive full therapeutic benefits. The service targets individuals managing ongoing treatments in the Indian market and beyond.
- Headquarters Delhi, India
- Stage Minicorn
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website caredose.com
- Social LinkedIn X Facebook
- Legal Name Gsa Tech Pack Private Limited
- Date of Incorporation 19 May, 2016
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹4.46 Cr
FY 2023 · +5434% YoY
- Net Profit₹1.75 Cr
FY 2023 · 39% margin
- EBITDA₹2.37 Cr
FY 2023 · 53% margin
- Total Equity Funding$565.75K (USD)
in 3 rounds
- Latest Funding Round$217.52K (USD), Seed
Apr 2019
- InvestorsGEMS Partners
& 5 more
Associated legal entities of Caredose
Caredose operates through Gsa Tech Pack Private Limited (under liquidation). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Gsa Tech Pack Private Limited CIN U74999DL2016PTC300005 | Under Liquidation | 19 May 2016 | New Delhi, Delhi | ₹4.5 Cr | 3 | View details |
Funding Insights of Caredose
Caredose has successfully raised a total of $565.75K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $217.52 thousand completed in April 2019. 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 $565,754
- Total Rounds 3
- Last Round Seed — $217,517
- First Round $250,000
(May 2017)
- Investors Count 6
All 3 funding rounds of Caredose 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 |
|---|---|---|---|---|---|
| Apr 2019 | $217,517 | Seed | $1.93M | – | |
| Mar 2018 | $348,237 | Seed | – | GEMS Partners, GEMS Partners | |
| May 2017 | $250,000 | Grant | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2019 | $1.93M | •••••••• |
Last known valuation $1.93M (Apr 2019). 6 investors in total: 4 institutional and 2 angel.
Investors in Caredose
Caredose has secured backing from 6 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include GEMS Partners, Ishaan Nath and Anjana Somany.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on multiple sectors | 2016 | gemspartnership.com | Delhi, India | |
Multi-sector startups are accelerated by Startup India in India. | startupindia.in | Delhi, India | ||
| gemspartnership.tcc.mode | ||||
Entrepreneurs are accelerated through focused startup programs. | thecenter.nasdaq.org | San Francisco, United States | ||
IN Ishaan Nath | unknown_bfab213261e6459e9 | |||
AS Anjana Somany | unknown_1a4ed8202f244a4ca |
Investor details for Caredose
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Gsa Tech Pack Private Limited (Caredose)
Gsa Tech Pack Private Limited is the primary company behind Caredose. The board of Gsa Tech Pack Private Limited currently have 3 directors; the longest-serving is Shankar Angrish, appointed in 2016. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shankar Angrish DIN 01263375 | Director | 19 May 2016 | 10 yrs 5 mo | Gsa Tech Pack Private Limited |
| Shrivatsa Somany DIN 10066060 | Director | 11 Feb 2023 | 3 yrs 8 mo | Gsa Tech Pack Private Limited |
| Kailash Chander Jain DIN 00651115 | IRP/RP/Liquidator | 23 Mar 2024 | 2 yrs 7 mo | Gsa Tech Pack Private Limited |
Financials of Caredose
Figures of Gsa Tech Pack Private Limited, the primary company behind Caredose, for FY 2023. Revenue was ₹4.46 Cr (+5434% year on year). Net profit was ₹1.75 Cr (39% margin). EBITDA was ₹2.37 Cr (53% margin). Revenue has grown at a compounded annual rate of +431% over three years and +303% over five years.
- ₹4.46 CrRevenue · FY 2023 · +5434% YoY
- ₹1.75 CrNet profit · 39% margin
- ₹2.37 CrEBITDA · 53% margin
- ₹5.2 LakhPaid-up capital
- +431%Revenue CAGR, 3 years
- +303%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Gsa Tech Pack Private Limited are on its company page.
Detailed financial statements for Caredose
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Verified entity values are shown only after access is granted.
Timeline of Caredose
4 dated milestones of Caredose across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Caredose is founded.
- Funding First funding round of $250K.
- Funding Latest funding round, Seed, of $218K.
- Milestone Reaches Minicorn status.
Top companies in Health Monitoring & Wearables
3 companies that operate in the same segment as Caredose (Health Monitoring & Wearables) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Metabolic health is tracked via devices and fitness platforms. | 2019 | Bengaluru, Karnataka, India | USD 163.28 M | USD 65.48 M | 274 | |
Smartphone-enabled glucometers and diabetes management apps are provided. | 2015 | Delhi, Delhi, India | USD 50.83 M | USD 2.74 M | 142 | |
AI-powered EMR, EHR, and patient engagement solutions are provided. | 2020 | Bengaluru, Karnataka, India | USD 19.5 M | USD 3.36 M | 117 |
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Related news about Caredose
Complete news archive for Caredose
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Frequently Asked Questions about Caredose
Caredose was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Caredose is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Caredose is a funded company, having raised a total of $565.75K across 3 funding rounds to date. The company's 1st funding round was a Grant of $250K, raised on May 2017.
The primary company behind Caredose, Gsa Tech Pack Private Limited, reported revenue of ₹4.46 Cr for FY 2023, up 5434% year on year.
Caredose was founded in 2016 in Delhi, India, within the health technology sector. A mobile application is offered by the company to monitor and optimize patient adherence to prescribed medications. Operations focus on enabling complete compliance through tracking features, ensuring users derive full therapeutic benefits. The service targets individuals managing ongoing treatments in the Indian market and beyond.
Caredose has 6 investors. Key investors include GEMS Partners, Ishaan Nath, Anjana Somany, GEMS Partners, and The Nasdaq Entrepreneurial Center.
The valuation of Caredose is $1.93M as of Apr 2019.
Caredose operates through Gsa Tech Pack Private Limited.
The legal entities of Caredose currently have 3 directors, including Kailash Chander Jain, Shrivatsa Somany, Shankar Angrish.