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
-
Sectors
Financial ServicesHealthcare
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Medbay India Private Limited
- Date of Incorporation 02 Dec, 2015
- Jurisdiction New Delhi, Delhi, India
-
Annual Revenue
$2.24 M (USD)1002.72as on Mar 31, 2022
-
Net Profit
$2.12 M (USD)387.65as on Mar 31, 2022
-
EBITDA
-$108.03 K (USD)85.95as on Mar 31, 2022
-
Total Equity Funding
$921.18 K (USD)
in 2 rounds
-
Latest Funding Round
$411.95 K (USD), Seed
Sep 26, 2018
-
Investors
LetsVenture
& 39 more
-
Employee Count
57
as on Apr 05, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
People of LetsMD
Unlock access to complete
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.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital firm focused on early-stage investments
|
Locked | Locked | Locked | |
|
Early-stage tech investments are focused on by WaterBridge in India.
|
Locked | Locked | Locked | |
|
Online togel betting services with promotions, secure transactions, and mobile access.
|
Locked | Locked | Locked |
Investor details for LetsMD
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by LetsMD
Investment portfolio details for LetsMD
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - LetsMD
Detailed financials for LetsMD
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Letsmd Comparisons
Peer comparison for LetsMD
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Financial products, loans, and credit scores are aggregated and compared.
|
|
| Locked | Locked | Locked |
Provider of AI based health monitoring and wellness benefits platform for employees and individuals
|
|
| Locked | Locked | Locked |
An online platform for customized health insurance policies is provided.
|
|
| Locked | Locked | Locked |
Healthcare plans with medical loans and benefits are provided.
|
|
| Locked | Locked | Locked |
Usage-based health insurance is offered to individuals and businesses.
|
Detailed competitors of LetsMD
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Letsmd
Complete news archive for LetsMD
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about LetsMD
LetsMD was founded in 2015 and raised its 1st funding round 1 year after it was founded.
LetsMD is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Nivesh Khandelwal is the current CEO of LetsMD. They have also founded this company.
LetsMD is a funded company, having raised a total of $921.18K across 2 funding rounds to date.
As of Apr 05, 2024, the latest employee count at LetsMD is 57.
Annual revenue of LetsMD is $2.24M as on Mar 31, 2022.
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.
LetsMD's top competitors include BankBazaar, Alyve Health and ManipalCigna Health Insurance.
LetsMD has 40 investors. Key investors include LetsVenture, Primarc, Orios Venture Partners, Calcutta Angels, and Ncube Incorporated Attorneys.
The valuation of LetsMD is $4.07M as of Sep 2018.