About Medd
Medd is a company based in Mumbai (India) founded in 2015 was acquired by Tata 1mg in July 2016.. The company has 1,694 employees as of June 30, 2023. Medd operates in a competitive market with competitors including Healthians, Watch Your Health, Hindustan Wellness, LifeWell and 1mg Labs, among others.
- Headquarter Mumbai, India
- Employees 1694 as on 30 Jun, 2023
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Sectors
Healthcare
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Phone
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Website
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Social
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Funding Insights of Medd
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2015 | Amount | Angel Round - Medd | Valuation | Ajeet Khurana |
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| 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 Medd
Medd has secured backing from 2 investors, including angel and institutional investors. Prominent investors backing the company include Tata 1mg and Ajeet Khurana. 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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Provider of an online pharmacy with doctor listing and teleconsultation services
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Founded Year | Domain | Location | |
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AK
Ajeet Khurana |
Angel investor, crypto expert, ex-CEO of Zebpay, mentor to startups
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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 Medd
| 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 |
Financial Statements - Medd
| 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 |
Medd Comparisons
Competitors of Medd
Medd 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 Healthians, Watch Your Health, Hindustan Wellness, LifeWell and 1mg Labs, 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 |
Online platform for at home diagnostic tests and health checkups
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| domain | founded_year | HQ Location |
Preventive healthcare platform offering diagnostic test and doctor consultation
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| domain | founded_year | HQ Location |
Mobile app for booking preventive health checkups and maintaining personal health records
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| domain | founded_year | HQ Location |
Provider of an online marketplace for diagnostics labs
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| domain | founded_year | HQ Location |
Online platform for booking lab tests, ordering medicines, and consultations.
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| domain | founded_year | HQ Location |
Offers annual health check-ups, pre-employment screenings, and corporate wellness programs.
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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 Medd
Frequently Asked Questions about Medd
When was Medd founded?
Medd was founded in 2015.
Where is Medd located?
Medd is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
How many employees does Medd have?
As of Jun 30, 2023, the latest employee count at Medd is 1,694.
What is the annual revenue of Medd?
Annual revenue of Medd is $2.4M as on Mar 31, 2023.
What does Medd do?
Medd was established in 2015 in Mumbai, India, within the healthcare sector. A platform is operated that enables patients to compare diagnostic tests from labs and hospitals based on available features before booking. Initial funding was secured from angel investor Ajeet Khurana, followed by a bridge round from a group of angels in October 2015. The company was acquired by 1mg in July 2016 for an undisclosed sum.
Who are the top competitors of Medd?
Medd's top competitors include Healthians, Watch Your Health and Hindustan Wellness.
Who are Medd's investors?
Medd has 2 investors. Key investors include Tata 1mg, and Ajeet Khurana.