About Collateral Medical
Collateral Medical is a Retail company based in Mumbai (India) founded in 2010 by Nikhilesh Tiwari. Online platform offering medical devices. Collateral Medical has raised $4.53 million across 4 funding rounds from investors including SIDBI Venture Capital, Carpediem Capital Partners and Shehzad Kazi. The company has 24 employees. Collateral Medical was last valued at $31.58 million in March 2021. Its chief executive, as recorded, is Nikhilesh Tiwari. Its website colmed.in draws about 63 thousand monthly visits. Its Indian entity Collateral Medical Private Limited reported revenue of ₹20.65 Cr. Collateral Medical offers products and services including Littmann Stethoscope, ECG Machine, and Pulse Oximeter. Its focus areas include B2B E-Commerce, Healthcare, Hospital Supplies and E-Distributor.
Company details
Collateral Medical was founded in 2010 and is based in Mumbai, India. An online platform is provided for businesses and hospitals to access and compare medical devices across categories such as equipment, surgical supplies, chronic care, furniture, lights, first aid, safety, dental, and diagnostics. Reviews of products are facilitated to support procurement decisions in the healthcare sector.
- Annual Revenue₹20.65 Cr
FY 2025 · -24% YoY
- Net Loss-₹3.89 Cr
FY 2025 · -19% margin
- EBITDA-₹3.61 Cr
FY 2025 · -17% margin
- Total Equity Funding$4.53M (USD)
in 4 rounds
- Latest Funding Round$916.1K (USD), Series A
Jul 2023
- InvestorsSIDBI Venture Capital
& 7 more
- Employee Count24
Associated legal entities of Collateral Medical
Collateral Medical operates through Collateral Medical Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Collateral Medical Private Limited CIN U33100MH2010PTC201959 | Active | 12 Apr 2010 | Mumbai, Maharashtra | ₹20.6 Cr | 24 | 5 | View details |
Products & Services of Collateral Medical
Collateral Medical offers a comprehensive portfolio of products and services, including Littmann Stethoscope, ECG Machine, and Pulse Oximeter.
Stethoscope for examining heart and lung sounds.
Device for recording electrical activity of the heart.
Tool for measuring blood oxygen saturation levels.
Funding Insights of Collateral Medical
Collateral Medical has successfully raised a total of $4.53M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $916.1 thousand completed in July 2023. 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 $4.53M
- Total Rounds 4
- Last Round Series A — $916,100
- First Round $3.5M
(May 2017)
- Investors Count 8
All 4 funding rounds of Collateral Medical 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 |
|---|---|---|---|---|---|
| Jul 2023 | $916,100 | Series A | – | Vincit Capital | – |
| Mar 2021 | $46,461 | Angel Round | $31.58M | Shehzad Kazi, Sonal Chinchwadkar | – |
| Jul 2020 | $67,134 | Series A | $15.38M | Carpediem Capital | – |
| May 2017 | $3.5M | Series A | $••••• | Carpediem Capital |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2021 | $31.58M | •••••••• |
| Jul 2020 | $15.38M | •••••••• |
| May 2017 | $••••• | •••••••• |
Full valuation and stage history of Collateral Medical
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
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $31.58M (Mar 2021). 8 investors in total: 3 institutional and 5 angel.
Investors in Collateral Medical
Collateral Medical has secured backing from 8 investors, including angel and venture fund investors. Prominent investors backing the company include SIDBI Venture Capital, Carpediem Capital Partners and Shehzad Kazi.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments in Indian SMEs focusing on consumption opportunities and growth capital provision. | 2018 | carpediem-capital.com | Mumbai, India | |
Venture capital management for SMEs and startups in India. | 1999 | sidbiventure.co.in | Mumbai, India | |
Vincit Capital is engaged in private equity and real estate investments. | vincitcapital.investments | London, United Kingdom | ||
SK Shehzad Kazi | unknown_2d0037d6d31347f49 | |||
SC Sonal Chinchwadkar | unknown_51146ad1c9b6484b9 | |||
SJ Sanjay Jha | unknown_c6efc50ad3b3437fa | |||
JD John Diaz | unknown_c8fdeee3c2684cbdb | |||
NB Nishant Beniwal | unknown_d1728a256f1841f09 |
Investor details for Collateral Medical
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Collateral Medical Private Limited (Collateral Medical)
Collateral Medical Private Limited is the primary company behind Collateral Medical. The board of Collateral Medical Private Limited currently have 5 directors; the longest-serving is Nikhilesh Tiwari, appointed in 2010. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nikhilesh Tiwari DIN 02920917 | Director | 12 Apr 2010 | 16 yrs 6 mo | Collateral Medical Private Limited |
| Nishant Beniwal DIN 03456957 | Director | 04 Jan 2012 | 14 yrs 9 mo | Collateral Medical Private Limited |
| Hithendra Karadathodi Ramachandran DIN 01773455 | Nominee Director | 12 Apr 2023 | 3 yrs 6 mo | Collateral Medical Private Limited |
| Sarika Saxena DIN 07667623 | Director | 22 Jun 2023 | 3 yrs 4 mo | Collateral Medical Private Limited |
| Saurabh Pandey DIN 10888070 | Nominee Director | 24 Jan 2025 | 1 yr 9 mo | Collateral Medical Private Limited |
People of Collateral Medical
1 people are tracked at Collateral Medical (1 in leadership); the tracked headcount is 24.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership |
Complete people profiles for Collateral Medical
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Collateral Medical
Figures of Collateral Medical Private Limited, the primary company behind Collateral Medical, for FY 2025. Revenue was ₹20.65 Cr (-24% year on year). Net loss was -₹3.89 Cr (-19% margin). EBITDA was -₹3.61 Cr (-17% margin). Revenue has grown at a compounded annual rate of -32% over three years and -21% over five years.
- ₹20.65 CrRevenue · FY 2025 · -24% YoY
- -₹3.89 CrNet loss · -19% margin
- -₹3.61 CrEBITDA · -17% margin
- ₹17.6 LakhPaid-up capital
- 24Employees (provident fund records)
- -32%Revenue CAGR, 3 years
- -21%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Collateral Medical Private Limited are on its company page.
Detailed financial statements for Collateral Medical
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Collateral Medical
4 dated milestones of Collateral Medical across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Collateral Medical is founded.
- Funding First funding round of $3.5M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $916K.
Web traffic of Collateral Medical
The website of Collateral Medical (colmed.in) receives about 63.3K visits a month.
- Monthly visits63.3K
▼ 13.2% vs previous month
Websites whose visitors overlap most with Collateral Medical. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| respbuy.com | 100% | 68K | #408,434 | View details | |
| ultracarepro.in | 92% | 43.4K | #832,543 | View details | |
| kogland.com | 86% | 27.1K | #975,968 | View details | |
| meddeal.in | 86% | 19.5K | #1,264,029 | View details | |
| medikabazaar.com | 86% | 422.6K | #158,505 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 22 similar websites and full traffic analytics for Collateral Medical
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 22 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in B2B Marketplaces & Wholesale
2 companies that operate in the same segment as Collateral Medical (B2B Marketplaces & Wholesale) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online B2B marketplace connecting buyers and suppliers of diverse industrial products | 1999 | Noida, Uttar Pradesh, India | USD 38.2 M | USD 167.23 M | 6,100 | |
Digital procurement and supply solutions for construction materials are facilitated. | 2016 | Thane, Maharashtra, India | USD 783.57 M | USD 1.43 B | 2,645 |
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Related news about Collateral Medical
Complete news archive for Collateral Medical
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Frequently Asked Questions about Collateral Medical
Collateral Medical was founded in 2010 and raised its 1st funding round 7 years after it was founded.
Collateral Medical is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Nikhilesh Tiwari is the CEO of Collateral Medical, as recorded in our data. They have also founded this company.
Collateral Medical is a funded company, having raised a total of $4.53M across 4 funding rounds to date. The company's 1st funding round was a Series A of $3.5M, raised on May 2017.
Collateral Medical has 24 employees.
The primary company behind Collateral Medical, Collateral Medical Private Limited, reported revenue of ₹20.65 Cr for FY 2025, down 24% year on year.
Collateral Medical was founded in 2010 and is based in Mumbai, India. An online platform is provided for businesses and hospitals to access and compare medical devices across categories such as equipment, surgical supplies, chronic care, furniture, lights, first aid, safety, dental, and diagnostics. Reviews of products are facilitated to support procurement decisions in the healthcare sector.
Collateral Medical offers Littmann Stethoscope, ECG Machine, and Pulse Oximeter.
Collateral Medical has 8 investors. Key investors include SIDBI Venture Capital, Carpediem Capital Partners, Shehzad Kazi, Sonal Chinchwadkar, and Sanjay Jha.
The valuation of Collateral Medical is $31.58M as of Mar 2021.
Collateral Medical operates through Collateral Medical Private Limited.
The legal entities of Collateral Medical currently have 5 directors, including Nikhilesh Tiwari, Sarika Saxena, Nishant Beniwal and others.