About Manipal Group
Manipal Group is a company based in Bengaluru (India) founded in 1993 by Ranjan Ramdas Pai. It operates as a Professional Services, and Subscription Services. Manipal Group has completed 3 acquisitions, including Jigsaw Academy, ManipalCigna Health Insurance and MeritTrac. Manipal Group offers products and services including Education Services, Healthcare Services, and Insurance Services.
- Headquarter Bengaluru, India
- Founders Ranjan Ramdas Pai
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Sectors
EducationHealthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Manipal Education And Medical Group India Pvt Ltd
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$5.35 M (USD)32.3as on Mar 31, 2023
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Net Profit
$4.16 M (USD)158.49as on Mar 31, 2023
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EBITDA
$-1.69 M (USD)77.28as on Mar 31, 2023
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Latest Funding Round
$600 M (USD), Debt – Conventional
Jun 03, 2025
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Jigsaw Academy
& 2 more
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Products & Services of Manipal Group
Manipal Group offers a comprehensive portfolio of products and services, including Education Services, Healthcare Services, and Insurance Services. 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.
Educational programs and services are provided for students.
Healthcare solutions and facilities are offered to patients.
Insurance products and plans are provided to clients.
Funding Insights of Manipal Group
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $600.0M
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First Round
First Round
(03 Jun 2025)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Debt – Conventional - Manipal Group | Valuation |
investors |
| 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 Manipal Group
Manipal Group has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include KKR. 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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Multiple sectors are invested in by this private equity firm.
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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 Manipal Group
Manipal Group has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Jigsaw Academy, ManipalCigna Health Insurance and MeritTrac. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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An online platform for customized health insurance policies is provided.
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2012 | ||||
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Online academy for data analytics training is provided.
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2011 | ||||
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Assessment solutions are provided for enterprises and educational institutions.
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Manipal Group
| 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 |
Manipal Group Comparisons
Competitors of Manipal Group
| 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 Manipal Group
Frequently Asked Questions about Manipal Group
When was Manipal Group founded?
Manipal Group was founded in 1993 and raised its 1st funding round 32 years after it was founded.
Where is Manipal Group located?
Manipal Group is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Manipal Group?
Vaitheeswaran Seetharaman is the current CEO of Manipal Group.
What is the annual revenue of Manipal Group?
Annual revenue of Manipal Group is $5.35M as on Mar 31, 2023.
What does Manipal Group do?
Manipal Group is involved in providing education through global universities and not-for-profit institutions. Healthcare services are delivered via hospitals and related facilities. Insurance solutions are offered to various clients. Research and innovation are supported through grants and facilities. Investments are made in ed-tech and diagnostics sectors. The group operates primarily from Bengaluru, India, focusing on diverse societal needs.
What products or services does Manipal Group offer?
Manipal Group offers Education Services, Healthcare Services, and Insurance Services.
How many acquisitions has Manipal Group made?
Manipal Group has made 3 acquisitions, including Jigsaw Academy, ManipalCigna Health Insurance, and MeritTrac.
Who are Manipal Group's investors?
Manipal Group has 1 investor. Key investors include KKR.
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