About MedCords
MedCords is a company based in Kota (India) founded in 2017 by Pranav Mehta, Manisha Mehta, and Nikhil Baheti. MedCords has raised $5.35 million across 6 funding rounds from investors including Info Edge, WhatsApp and Invest India. The company has 15 employees as of April 08, 2024. MedCords operates in a competitive market with competitors including MediBuddy, Practo, API Holdings, Mfine and CureBay, among others.
- Headquarter Kota, India
- Employees 15 as on 08 Apr, 2024
- Founders Pranav Mehta, Manisha Mehta, Nikhil Baheti
- Stage Minicorn
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Sectors
Healthcare
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Email
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Phone
*********
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Website
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Social
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- Legal Name Medcords Healthcare Solutions Private Limited
- Date of Incorporation 15 Sep, 2016
- Jurisdiction Kota, Rajasthan, India
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Annual Revenue
$651.12 K (USD)527.58as on Mar 31, 2023
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Net Profit
-$1.28 M (USD)-20.17as on Mar 31, 2023
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EBITDA
-$1.24 M (USD)-16.85as on Mar 31, 2023
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Total Equity Funding
$5.35 M (USD)
in 6 rounds
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Latest Funding Round
$1.5 M (USD), Series A
Oct 07, 2021
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Investors
Info Edge
& 26 more
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Employee Count
15
as on Apr 08, 2024
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Funding Insights of MedCords
MedCords has successfully raised a total of $5.35M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $1.5 million completed in October 2021. 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 6
- Last Round Series A — $1.5M
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First Round
First Round
(27 Mar 2017)
- Investors Count 27
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series A - MedCords | Valuation | Earlsfield Capital , Alder Capital | |
| Sep, 2020 | Amount | Series A - MedCords | Valuation | Rajasthan Venture Capital Fund |
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| Mar, 2020 | Amount | Series A - MedCords | Valuation | Info Edge Ventures , Info Edge |
Investors in MedCords
MedCords has secured backing from 27 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Info Edge, WhatsApp and Invest India.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments in technology sectors are made by Earlsfield Capital.
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Founded Year | Domain | Location | |
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Early-stage venture capital investing, network building, and founder support services.
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location |
Investments & Acquisitions by MedCords
Financial Statements - MedCords
Medcords Comparisons
Competitors of MedCords
MedCords 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 MediBuddy, Practo, API Holdings, Mfine and CureBay, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform offering multiple healthcare services
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| domain | founded_year | HQ Location |
Doctor appointments are booked and healthcare professionals are consulted online.
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| domain | founded_year | HQ Location |
Digital healthcare tools are offered for pharmacies and clinics management.
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| domain | founded_year | HQ Location |
Provider of online doctor consultations, at-home lab tests, and health packages
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| domain | founded_year | HQ Location |
Healthcare services are delivered via an online platform.
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| domain | founded_year | HQ Location |
Integrated at-home healthcare services, including tele-consultation and diagnostics, are provided.
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Frequently Asked Questions about MedCords
MedCords was founded in 2017.
MedCords is headquartered in Kota, India. It is registered at Kota, Rajasthan, India.
MedCords is a funded company, having raised a total of $5.35M across 6 funding rounds to date. The company's 1st funding round was a Series A of $1.84M, raised on Mar 27, 2017.
As of Apr 08, 2024, the latest employee count at MedCords is 15.
Annual revenue of MedCords is $651.12K as on Mar 31, 2023.
MedCords was founded in 2017 in Kota, India, within the telemedicine sector. A mobile application is utilized to facilitate online consultations with doctors across various medical specialties. Appointments are booked and scheduled by patients, medical guidance is offered for health concerns, and prescribed medications are ordered directly through the platform for delivery. Operations focus on accessible healthcare services in the region.
MedCords has 27 investors. Key investors include Info Edge, WhatsApp, Invest India, Rajasthan Venture Capital Fund, and Alder Capital.
The valuation of MedCords is $16.36M as of Oct 2021.