About LetsMD
LetsMD is a company based in Delhi (India) founded in 2015 by Nivesh Khandelwal.. LetsMD has raised $921.18 thousand across 2 funding rounds from investors including LetsVenture, Primarc and Orios Venture Partners. The company has 57 employees as of April 05, 2024. LetsMD operates in a competitive market with competitors including BankBazaar, Alyve Health, ManipalCigna Health Insurance, AyushPay and Vital, among others.
- Headquarter Delhi, India
- Employees 57 as on 05 Apr, 2024
- Founders Nivesh Khandelwal
- Stage Minicorn
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Sectors
Financial ServicesHealthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Medbay India Private Limited
- Date of Incorporation 02 Dec, 2015
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$2.24 M (USD)1002.72as on Mar 31, 2022
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Net Profit
$2.12 M (USD)387.65as on Mar 31, 2022
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EBITDA
$-108.03 K (USD)85.95as on Mar 31, 2022
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Total Equity Funding
$921.18 K (USD)
in 2 rounds
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Latest Funding Round
$411.95 K (USD), Seed
Sep 26, 2018
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Investors
LetsVenture
& 39 more
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Employee Count
57
as on Apr 05, 2024
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Funding Insights of LetsMD
LetsMD has successfully raised a total of $921.18K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $411.95 thousand completed in September 2018. 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 2
- Last Round Seed — $411,945
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First Round
First Round
(04 Aug 2016)
- Investors Count 40
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Seed - LetsMD | Valuation | Orios Venture Partners |
|
| Aug, 2016 | Amount | Seed - LetsMD | Valuation | WaterBridge |
| 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 LetsMD
LetsMD has secured backing from 40 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include LetsVenture, Primarc and Orios Venture Partners. 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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Venture capital firm focused on early-stage investments
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Founded Year | Domain | Location | |
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Early-stage tech investments are focused on by WaterBridge in India.
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Founded Year | Domain | Location | |
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Online togel betting services with promotions, secure transactions, and mobile access.
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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 LetsMD
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
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 - LetsMD
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Letsmd Comparisons
Competitors of LetsMD
LetsMD 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 BankBazaar, Alyve Health, ManipalCigna Health Insurance, AyushPay and Vital, 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 |
Financial products, loans, and credit scores are aggregated and compared.
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| domain | founded_year | HQ Location |
Provider of AI based health monitoring and wellness benefits platform for employees and individuals
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| domain | founded_year | HQ Location |
An online platform for customized health insurance policies is provided.
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| domain | founded_year | HQ Location |
Healthcare plans with medical loans and benefits are provided.
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| domain | founded_year | HQ Location |
Usage-based health insurance is offered to individuals and businesses.
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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 Letsmd
Frequently Asked Questions about LetsMD
When was LetsMD founded?
LetsMD was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is LetsMD located?
LetsMD is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of LetsMD?
Nivesh Khandelwal is the current CEO of LetsMD. They have also founded this company.
Is LetsMD a funded company?
LetsMD is a funded company, having raised a total of $921.18K across 2 funding rounds to date. The company's 1st funding round was a Seed of $509.24K, raised on Aug 04, 2016.
How many employees does LetsMD have?
As of Apr 05, 2024, the latest employee count at LetsMD is 57.
What is the annual revenue of LetsMD?
Annual revenue of LetsMD is $2.24M as on Mar 31, 2022.
What does LetsMD do?
LetsMD was founded in 2015 in Delhi, India, within the healthcare fintech sector. A platform is operated to enable users to compare hospitals, access doctor videos, review surgical pricing, book appointments, and convert hospital bills into equated monthly installments. Data-driven credit assessments are utilized for financing with minimal documentation. Claims management and digital billing tools are supported for healthcare providers across operations.
Who are the top competitors of LetsMD?
LetsMD's top competitors include BankBazaar, Alyve Health and ManipalCigna Health Insurance.
Who are LetsMD's investors?
LetsMD has 40 investors. Key investors include LetsVenture, Primarc, Orios Venture Partners, Calcutta Angels, and Ncube Incorporated Attorneys.
What is LetsMD's valuation?
The valuation of LetsMD is $4.07M as of Sep 2018.
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