About iMerciv
iMerciv is a Healthcare company based in Toronto (Canada) founded in 2014. Wearable sensor clip developed for visually impaired obstacle detection. It operates in the Healthcare and Technology sectors. Its Indian entity Imerciv Technologies Private Limited reported revenue of ₹1.3 Lakh. iMerciv offers products and services including Mobility Tools, LASIK Surgery, Glaucoma Surgery, and Cataract Surgery. Its focus areas include HealthTech, Assistive Tech, Assistive Hardware and Visual.
Company details
iMerciv has developed BuzzClip which is a wearable sensor clip for visually impaired to navigate everyday circumstances. The product uses ultrasound to detect obstacles in the path and notifies the wearer through vibrations, allowing the user to safely navigate around any objects that they may walk into. It claims to offer essential head and upper body level detection and can be easily attached to many forms of clothing such as shirts, t-shirts, on sleeves, sweaters, jeans, sweatpants, and more. The company launched a campaign on Indiegogo and raised an amount of 66,820. It was the winner of the Ontario Centres of Excellence (OCE) Accessibility Innovation Tech Pitch Competition in 2016.
- Headquarters Toronto, Canada
- SectorsHealthcareTechnology
- Website imerciv.com
- Social LinkedIn X Facebook
- Legal Name Imerciv Technologies Private Limited
- Date of Incorporation 05 Dec, 2017
- Jurisdiction New Delhi, Delhi, India
- Indian entity revenue₹1.3 Lakh
FY 2022
- Indian entity net profit₹31,500
FY 2022 · 24% margin
- Indian entity EBITDA₹42,995
FY 2022 · 32% margin
- InvestorsMicrosoft
& 2 more
Associated legal entities of iMerciv
iMerciv operates through Imerciv Technologies Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Imerciv Technologies Private Limited CIN U51909DL2017PTC326748 | Strike Off | 05 Dec 2017 | New Delhi, Delhi | ₹0.0 Cr | 2 | View details |
Products & Services of iMerciv
iMerciv offers a comprehensive portfolio of products and services, including Mobility Tools, LASIK Surgery, Glaucoma Surgery, and Cataract Surgery.
Devices to enhance mobility and independence after eye procedures
Laser procedure for vision correction and clarity improvement
Surgical options to manage and preserve vision in eye conditions
Procedure to remove cataracts and restore visual wellness
Funding Insights of iMerciv
- Total Rounds 3
- First Round $50,000
(Jan 2017)
- Investors Count 3
All 3 funding rounds of iMerciv 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 |
|---|---|---|---|---|---|
| Oct 2019 | Grant | – | – | ||
| Nov 2017 | $100,000 | Grant | – | – | |
| Jan 2017 | $50,000 | Grant | – | – |
3 investors in total: 3 institutional.
Investors in iMerciv
iMerciv has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Microsoft, TELUS and Ontario Brain Institute.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Brain research and care innovation is driven in Ontario. | braininstitute.ca | Toronto, Canada | ||
Microsoft is recognized for software, hardware, and gaming solutions. | 1975 | microsoft.com | Redmond, United States | |
Integrated telecom and IPTV services are provided to Canadian customers. | 1874 | telus.com | Vancouver, Canada |
Investor details for iMerciv
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Imerciv Technologies Private Limited (iMerciv)
Imerciv Technologies Private Limited is the primary company behind iMerciv. The board of Imerciv Technologies Private Limited currently have 2 directors; the longest-serving is Aayush Bhasin, appointed in 2017.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Aayush Bhasin DIN 06730728 | Director | 05 Dec 2017 | 8 yrs 10 mo | Imerciv Technologies Private Limited |
| Arjun Mali DIN 08007810 | Director | 05 Dec 2017 | 8 yrs 10 mo | Imerciv Technologies Private Limited |
Financials of iMerciv
Figures of Imerciv Technologies Private Limited, the primary company behind iMerciv, for FY 2022. Revenue was ₹1.3 Lakh. Net profit was ₹31,500 (24% margin). EBITDA was ₹42,995 (32% margin). Revenue has grown at a compounded annual rate of -58% over three years.
- ₹1.3 LakhRevenue · FY 2022
- ₹31,500Net profit · 24% margin
- ₹42,995EBITDA · 32% margin
- ₹10.7 LakhPaid-up capital
- -58%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Imerciv Technologies Private Limited are on its company page.
Detailed financial statements for iMerciv
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of iMerciv
3 dated milestones of iMerciv across 5 years, from founding to its latest funding, stage changes and deals.
- Founded iMerciv is founded.
- Funding First funding round of $50K.
- Funding Latest funding round, Grant,.
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Frequently Asked Questions about iMerciv
iMerciv was founded in 2014 and raised its 1st funding round 3 years after it was founded.
iMerciv is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
The primary company behind iMerciv, Imerciv Technologies Private Limited, reported revenue of ₹1.3 Lakh for FY 2022.
iMerciv has developed BuzzClip which is a wearable sensor clip for visually impaired to navigate everyday circumstances. The product uses ultrasound to detect obstacles in the path and notifies the wearer through vibrations, allowing the user to safely navigate around any objects that they may walk into. It claims to offer essential head and upper body level detection and can be easily attached to many forms of clothing such as shirts, t-shirts, on sleeves, sweaters, jeans, sweatpants, and more. The company launched a campaign on Indiegogo and raised an amount of 66,820. It was the winner of the Ontario Centres of Excellence (OCE) Accessibility Innovation Tech Pitch Competition in 2016.
iMerciv offers Mobility Tools, LASIK Surgery, Glaucoma Surgery, and Cataract Surgery.
iMerciv has 3 investors. Key investors include Microsoft, TELUS, and Ontario Brain Institute.
iMerciv operates through Imerciv Technologies Private Limited.
The legal entities of iMerciv currently have 2 directors, including Aayush Bhasin, Arjun Mali.