About Digi-Prex
Digi-Prex is a company based in Hyderabad (India) founded in 2019.. 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 as of March 27, 2024. Digi-Prex offers products and services including Medication Delivery Service and Reordering Platform. Digi-Prex operates in a competitive market with competitors including MetroMedi, Pharmallama and Apkamedical, among others.
- Headquarter Hyderabad, India
- Employees 7 as on 27 Mar, 2024
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ricaria Support Services Private Limited
- Date of Incorporation 28 May, 2018
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$18.74 M (USD)496.9as on Mar 31, 2023
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Net Profit
$75.99 K (USD)134.37as on Mar 31, 2023
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EBITDA
$15.75 K (USD)105.65as on Mar 31, 2023
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Total Equity Funding
$5.5 M (USD)
in 1 rounds
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Latest Funding Round
$5.5 M (USD), Seed
Sep 23, 2019
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Investors
Khosla Ventures
& 8 more
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Employee Count
7
as on Mar 27, 2024
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Products & Services of Digi-Prex
Digi-Prex offers a comprehensive portfolio of products and services, including Medication Delivery Service and Reordering Platform. 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.
Delivers monthly medication supplies with free home delivery and reordering.
Enables automatic reordering and reminders for regular medications.
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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 Total Funding
- Total Rounds 1
- Last Round Seed — $5.5M
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First Round
First Round
(23 Sep 2019)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Seed - Digi-Prex | Valuation | Khosla Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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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Early-stage investments are provided by Soma Capital to startups.
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Founded Year | Domain | Location | |
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Investments in multiple sectors are made by Pioneer Fund.
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Founded Year | Domain | Location | |
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Venture capital fund focused on seed-stage investment in multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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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 Digi-Prex
| 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 - Digi-Prex
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Digi-Prex Comparisons
Competitors of Digi-Prex
Digi-Prex 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 MetroMedi, Pharmallama and Apkamedical, 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 |
Online drug store products for healthcare and nutrition are provided.
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| domain | founded_year | HQ Location |
Online platform for the purchase of medicines
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| domain | founded_year | HQ Location |
Operates a digital marketplace for online medicine purchases.
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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 Digi-Prex
Frequently Asked Questions about Digi-Prex
When was Digi-Prex founded?
Digi-Prex was founded in 2019.
Where is Digi-Prex located?
Digi-Prex is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Is Digi-Prex a funded company?
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 23, 2019.
How many employees does Digi-Prex have?
As of Mar 27, 2024, the latest employee count at Digi-Prex is 7.
What is the annual revenue of Digi-Prex?
Annual revenue of Digi-Prex is $18.74M as on Mar 31, 2023.
What does Digi-Prex do?
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.
Who are the top competitors of Digi-Prex?
Digi-Prex's top competitors include MetroMedi, Pharmallama and Apkamedical.
What products or services does Digi-Prex offer?
Digi-Prex offers Medication Delivery Service and Reordering Platform.
Who are Digi-Prex's investors?
Digi-Prex has 9 investors. Key investors include Khosla Ventures, Soma Capital, Justin Mateen, Pioneer Fund, and Liquid 2 Ventures.