About Medevplus
Medevplus is a Healthcare company based in Bengaluru (India) founded in 2018 by Ravi Kiran Manapuram. Medevplus has raised $322.86 thousand across 5 funding rounds from investors including VIT-TBI, Sandipan Arafat Laskhar and S Nakka Niveditha. Medevplus was last valued at $3.28 million in March 2024. Its Indian entity Tishya's Medical Device Development Solutions Private Limited reported revenue of ₹1.37 Cr. Medevplus offers products and services including IXanner AEAR, Ultima OCT, Optics Design Services, 3D Animal Imaging Services, and Eye Screening Services. Its focus areas include Life Sciences, Imaging Diagnostics, OCT and Ophthalmology.
Company details
Developer of portable, affordable deep-tech medical devices utilizing optics and photonics technology for healthcare applications. Their flagship product, IXanner 7vn, is a worlds first portable OCT device that delivers advanced diagnostics anywhere. MedevPlus aims to transform eye care with its cutting-edge technology.
- Headquarters Bengaluru, India
- Founders Ravi Kiran Manapuram
- Stage Minicorn
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website medevplus.com
- Social LinkedIn X
- Legal Name Tishya's Medical Device Development Solutions Private Limited
- Date of Incorporation 11 Jun, 2018
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1.37 Cr
FY 2023 · +263% YoY
- Net Profit₹10.8 Lakh
FY 2023 · 8% margin
- EBITDA₹28.3 Lakh
FY 2023 · 21% margin
- Total Equity Funding$322.86K (USD)
in 5 rounds
- Latest Funding Round$128.33K (USD), Seed
Mar 2025
- InvestorsVIT-TBI
& 9 more
Associated legal entities of Medevplus
Medevplus is associated with 2 registered companies on The Company Check; the primary company is Tishya's Medical Device Development Solutions Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Tishya's Medical Device Development Solutions Private Limited CIN U74999KA2018PTC113839 | Active | 11 Jun 2018 | Bangalore, Karnataka | ₹1.4 Cr | 3 | View details | |
| Medpulse Devices Private Limited CIN U33119MH2020PTC351120 | Active | 02 Dec 2020 | Aurangabad, Maharashtra | ₹47.1 Cr | 24 | 2 | View details |
Products & Services of Medevplus
Medevplus offers a comprehensive portfolio of products and services, including IXanner AEAR, Ultima OCT, Optics Design Services, 3D Animal Imaging Services, and Eye Screening Services.
Device for early detection of glaucoma and other eye diseases.
System for non-invasive tissue analysis in healthcare applications.
Provides optics-based solutions for company-specific problems.
Offers 3D scans of animal tissues for research purposes.
Delivers OCT images and analysis for human eye conditions.
Provides software for optics design and simulation tools.
Funding Insights of Medevplus
Medevplus has successfully raised a total of $322.86K across 5 strategic funding rounds. The most recent funding activity was a Seed round of $128.33 thousand completed in March 2025. 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 $322,857
- Total Rounds 5
- Last Round Seed — $128,327
- First Round $40,887
(Mar 2021)
- Investors Count 10
All 5 funding rounds of Medevplus with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2025 | $128,327 | Seed | – | S Nakka Niveditha | |
| Oct 2024 | $59,142 | Seed | – | BITS Pilani, John Wincent Seeli | |
| May 2024 | $55,156 | Angel Round | – | Bharat Benolia | |
| Mar 2024 | $39,346 | Angel Round | $3.28M | Sandipan Arafat Laskhar | – |
| Mar 2021 | $40,887 | Seed | $819,717 | VIT-TBI | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2024 | $3.28M | •••••••• |
Last known valuation $3.28M (Mar 2024). 10 investors in total: 2 institutional and 8 angel.
Investors in Medevplus
Medevplus has secured backing from 10 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include VIT-TBI, Sandipan Arafat Laskhar and S Nakka Niveditha.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Technology business incubation and support services for innovators are provided in India. | 2003 | vittbi.com | Vellore, India | |
BITS BioCyTiH Foundation is focused on Bio-CPS technology development. | biocytih.co.in | Pilani, India | ||
SA Sandipan Arafat Laskhar | unknown_5b4fdda4af0c4cc29 | |||
SN S Nakka Niveditha | unknown_cf59d1ff50954ad69 | |||
AS Aditya Singh | unknown_94c378287c3b4aecb | |||
JW John Wincent Seeli | unknown_715965b749da46a6b | |||
VK Vikram Kashyap | unknown_f3e4a71f759d47b99 | |||
BB Bharat Benolia | unknown_e76ec5ac39cb45b48 | |||
YR Yasaswini Rallabandi | unknown_14e388bdb6aa46bcb | |||
KM Kasiviswanathan M | unknown_c5dace573a1a4297a |
Investor details for Medevplus
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Tishya's Medical Device Development Solutions Private Limited (Medevplus)
Tishya's Medical Device Development Solutions Private Limited is the primary company behind Medevplus. The boards of the 2 registered companies of Medevplus currently have 5 directors; the longest-serving is Smita Patnaik, appointed in 2018. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Smita Patnaik DIN 08154385 | Director | 11 Jun 2018 | 8 yrs 4 mo | Tishya's Medical Device Development Solutions Private Limited |
| Sweta Patnaik DIN 08154386 | Director | 11 Jun 2018 | 8 yrs 4 mo | Tishya's Medical Device Development Solutions Private Limited |
| Ravi Kiran Manapuram DIN 08443194 | Director | 03 May 2019 | 7 yrs 6 mo | Tishya's Medical Device Development Solutions Private Limited |
| Niranjan Manikrao Jahagirdar DIN 08357892 | Director | 02 Dec 2020 | 5 yrs 11 mo | Medpulse Devices Private Limited |
| Sandeep Arvind Muley DIN 08145953 | Director | 02 Dec 2020 | 5 yrs 11 mo | Medpulse Devices Private Limited |
People of Medevplus
1 people are tracked at Medevplus (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder & Managing Director | Leadership |
Complete people profiles for Medevplus
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Medevplus
Figures of Tishya's Medical Device Development Solutions Private Limited, the primary company behind Medevplus, for FY 2023. Revenue was ₹1.37 Cr (+263% year on year). Net profit was ₹10.8 Lakh (8% margin). EBITDA was ₹28.3 Lakh (21% margin). Revenue has grown at a compounded annual rate of +255% over three years.
- ₹1.37 CrRevenue · FY 2023 · +263% YoY
- ₹10.8 LakhNet profit · 8% margin
- ₹28.3 LakhEBITDA · 21% margin
- ₹30.7 LakhPaid-up capital
- +255%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Tishya's Medical Device Development Solutions Private Limited are on its company page.
Detailed financial statements for Medevplus
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Medevplus
4 dated milestones of Medevplus across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Medevplus is founded.
- Funding First funding round of $41K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $128K.
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
Frequently Asked Questions about Medevplus
Medevplus was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Medevplus is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Medevplus is a funded company, having raised a total of $322.86K across 5 funding rounds to date. The company's 1st funding round was a Seed of $40.89K, raised on Mar 2021.
The primary company behind Medevplus, Tishya's Medical Device Development Solutions Private Limited, reported revenue of ₹1.37 Cr for FY 2023, up 263% year on year.
Developer of portable, affordable deep-tech medical devices utilizing optics and photonics technology for healthcare applications. Their flagship product, IXanner 7vn, is a worlds first portable OCT device that delivers advanced diagnostics anywhere. MedevPlus aims to transform eye care with its cutting-edge technology.
Medevplus offers IXanner AEAR, Ultima OCT, Optics Design Services, 3D Animal Imaging Services, and 2 more products and services.
Medevplus has 10 investors. Key investors include VIT-TBI, Sandipan Arafat Laskhar, S Nakka Niveditha, BITS BioCyTiH Foundation, and Aditya Singh.
The valuation of Medevplus is $3.28M as of Mar 2024.
Medevplus is associated with 2 legal entities: Tishya's Medical Device Development Solutions Private Limited, Medpulse Devices Private Limited.
The legal entities of Medevplus currently have 5 directors, including Smita Patnaik, Sweta Patnaik, Ravi Kiran Manapuram and others.