About Digi-Prex
Digi-Prex is a Healthcare company based in Hyderabad (India) founded in 2019. Prescriptions are uploaded online for medicine delivery and reordering. Digi-Prex has raised $5.5 million across 1 funding round from investors including Khosla Ventures, Soma Capital and Justin Mateen. The company has 7 employees. Its Indian entity Ricaria Support Services Private Limited reported revenue of ₹21.71 Cr. Digi-Prex offers products and services including Medication Delivery Service and Reordering Platform. Its focus areas include HealthTech, Healthcare Booking Platforms, Pharmacies and Drugs. Its competitors include MetroMedi, Pharmallama and Apkamedical; 2 of its 3 listed competitors have raised funding.
Company details
Digi-Prex was founded in 2019 in Hyderabad, India, as an online pharmacy platform in the healthcare sector. Prescriptions are uploaded by users, after which medicines are delivered to specified addresses. Reordering is facilitated through a dedicated option, while reminders are provided for medication planning and refill purchases. Rewards are offered for refills and friend referrals, supporting user engagement in the service.
- Headquarters Hyderabad, India
- Employees 7
- SectorsHealthcare
- Phone•••• ••••
- Website digi-prex.com
- Social LinkedIn X Facebook
- Legal Name Ricaria Support Services Private Limited
- Date of Incorporation 28 May, 2018
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹21.71 Cr
FY 2024 · -86% YoY
- Net Loss-₹94.3 Lakh
FY 2024 · -4% margin
- EBITDA-₹76.4 Lakh
FY 2024 · -4% margin
- Total Equity Funding$5.5M (USD)
in 1 rounds
- Latest Funding Round$5.5M (USD), Seed
Sep 2019
- InvestorsKhosla Ventures
& 8 more
- Employee Count7
Associated legal entities of Digi-Prex
Digi-Prex is associated with 2 registered companies on The Company Check; the primary company is Ricaria Support Services Private Limited. 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 |
|---|---|---|---|---|---|---|---|
| Ricaria Support Services Private Limited CIN U74999TG2018PTC124771 | Active | 28 May 2018 | Hyderabad, Telangana | ₹21.7 Cr | 7 | 2 | View details |
| Sarosa Medtech Private Limited CIN U74999TG2019PTC132368 | Strike Off | 29 Apr 2019 | Hyderabad, Telangana | 2 | View details |
Products & Services of Digi-Prex
Digi-Prex offers a comprehensive portfolio of products and services, including Medication Delivery Service and Reordering Platform.
Delivers monthly medication supplies with free home delivery and reordering.
Enables automatic reordering and reminders for regular medications.
Funding Insights of Digi-Prex
Digi-Prex has successfully raised a total of $5.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $5.5 million completed in September 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 $5.5M
- Total Rounds 1
- Last Round Seed — $5.5M
- First Round $5.5M
(Sep 2019)
- Investors Count 9
All 1 funding rounds of Digi-Prex 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 |
|---|---|---|---|---|---|
| Sep 2019 | $5.5M | Seed | – | Khosla Ventures |
9 investors in total: 8 institutional and 1 angel.
Investors in Digi-Prex
Digi-Prex has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include Khosla Ventures, Soma Capital and Justin Mateen.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments are provided by Soma Capital to startups. | somacap.com | San Francisco, United States | ||
Investments in multiple sectors are made by Pioneer Fund. | pioneerfund.vc | San Francisco, United States | ||
Venture capital fund focused on seed-stage investment in multiple sectors | liquid2.vc | San Francisco, United States | ||
Investments are managed by Quiet Capital in New York. | quiet.com | New York, United States | ||
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Investments are made in growth-stage companies across US and Asia. | vedacap.com | New York, United States | ||
Early-stage startups are funded by this venture capital firm. | 2004 | khoslaventures.com | Menlo Park, United States | |
Venture capital fund investing in multiple sectors | jamfund.com | Las Vegas, United States | ||
JM Justin Mateen | Co-founder of Tinder, active angel investor in Indian startups | unknown_c451656ed3b24ea19 |
Investor details for Digi-Prex
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Board of directors of Ricaria Support Services Private Limited (Digi-Prex)
Ricaria Support Services Private Limited is the primary company behind Digi-Prex. The boards of the 2 registered companies of Digi-Prex currently have 3 directors; the longest-serving is Sharada Pinisetty, appointed in 2018.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sharada Pinisetty DIN 07976694 | Director | 28 May 2018 | 8 yrs 4 mo | Ricaria Support Services Private Limited |
| Mitalee Misra DIN 08437562 | Director | 29 Apr 2019 | 7 yrs 5 mo | Sarosa Medtech Private Limited |
| Samarth Sindhi DIN 07971051 | Director | 29 Apr 2019 | 7 yrs 5 mo | Sarosa Medtech Private Limited, Ricaria Support Services Private Limited |
People of Digi-Prex
3 people are tracked at Digi-Prex (2 in leadership, 1 in team); the tracked headcount is 7.
| Name | Role | Group |
|---|---|---|
| Founder (Y Combinator S'19) | Leadership | |
Niraj Gupta | Chief Technology Officer | Leadership |
M.Edwin Moses | Business Development Manager | Team |
Complete people profiles for Digi-Prex
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Financials of Digi-Prex
Figures of Ricaria Support Services Private Limited, the primary company behind Digi-Prex, for FY 2024. Revenue was ₹21.71 Cr (-86% year on year). Net loss was -₹94.3 Lakh (-4% margin). EBITDA was -₹76.4 Lakh (-4% margin). Revenue has grown at a compounded annual rate of +53% over three years and +969% over five years.
- ₹21.71 CrRevenue · FY 2024 · -86% YoY
- -₹94.3 LakhNet loss · -4% margin
- -₹76.4 LakhEBITDA · -4% margin
- ₹6.30 CrPaid-up capital
- 7Employees (provident fund records)
- +53%Revenue CAGR, 3 years
- +969%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ricaria Support Services Private Limited are on its company page.
Detailed financial statements for Digi-Prex
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Digi-Prex
2 dated milestones of Digi-Prex, from founding to its latest funding, stage changes and deals.
- Founded Digi-Prex is founded.
- Funding First funding round of $5.5M.
Competitors of Digi-Prex
Digi-Prex has 3 listed competitors in our database, 2 of them funded. They include MetroMedi, Pharmallama and Apkamedical.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| metromedi.com | 2018 | Hyderabad, India | $1.95M | 17 | Online drug store products for healthcare and nutrition are provided. | |
| pharmallama.com | 2020 | Bengaluru, India | $241,518 | 16 | Online platform for the purchase of medicines | |
| apkamedical.com | 2020 | Morena, India | Operates a digital marketplace for online medicine purchases. |
Detailed competitors of Digi-Prex
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Top companies in Digital Health & Telemedicine
3 companies that operate in the same segment as Digi-Prex (Digital Health & Telemedicine) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of an online pharmacy with doctor listing and teleconsultation services | 2015 | Delhi, Delhi, India | USD 230.8 M | USD 328.97 M | 5,212 | |
Online platform offering multiple healthcare services | 2013 | Bengaluru, Karnataka, India | USD 199.22 M | USD 62.4 M | 52 | |
An online marketplace for healthcare products is operated. | 2011 | Kolkata, West Bengal, India | USD 38.26 M |
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Related news about Digi-Prex
Complete news archive for Digi-Prex
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Frequently Asked Questions about Digi-Prex
Digi-Prex was founded in 2019.
Digi-Prex is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Digi-Prex is a funded company, having raised a total of $5.5M across 1 funding round to date. The company's 1st funding round was a Seed of $5.5M, raised on Sep 2019.
Digi-Prex has 7 employees.
The primary company behind Digi-Prex, Ricaria Support Services Private Limited, reported revenue of ₹21.71 Cr for FY 2024, down 86% year on year.
Digi-Prex was founded in 2019 in Hyderabad, India, as an online pharmacy platform in the healthcare sector. Prescriptions are uploaded by users, after which medicines are delivered to specified addresses. Reordering is facilitated through a dedicated option, while reminders are provided for medication planning and refill purchases. Rewards are offered for refills and friend referrals, supporting user engagement in the service.
Digi-Prex's top competitors include MetroMedi, Pharmallama and Apkamedical.
Digi-Prex offers Medication Delivery Service and Reordering Platform.
Digi-Prex has 9 investors. Key investors include Khosla Ventures, Soma Capital, Justin Mateen, Pioneer Fund, and Liquid 2 Ventures.
Digi-Prex is associated with 2 legal entities: Ricaria Support Services Private Limited, Sarosa Medtech Private Limited.
The legal entities of Digi-Prex currently have 3 directors, including Mitalee Misra, Samarth Sindhi, Sharada Pinisetty.