About Medi Assist
Medi Assist is a company based in Bengaluru (India) founded in 2002. Medi Assist has raised $28.95 million across 8 funding rounds from investors including Bessemer Venture Partners, IDFC and Vikramjit Singh Chhatwal. The company has 6,400 employees as of March 31, 2024. Medi Assist has completed 4 acquisitions, including DHS India, Mayfair We Care and Medvantage. Medi Assist offers products and services including Benefits Administration and MAtrix Fraud Detection Engine.
- Headquarter Bengaluru, India
- Employees 6400 as on 31 Mar, 2024
- Stage Minicorn
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Medi Assist Healthcare Services Limited
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Annual Revenue
$84.63 M (USD)13.96as on Mar 31, 2025
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Net Profit
$10.64 M (USD)35.76as on Mar 31, 2025
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EBITDA
$18.49 M (USD)13.52as on Mar 31, 2025
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Total Equity Funding
$28.95 M (USD)
in 8 rounds
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Latest Funding Round
$22 M (USD), Post-IPO
Oct 14, 2025
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Investors
Bessemer Venture Partners
& 35 more
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Employee Count
6400
as on Mar 31, 2024
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Investments & Acquisitions
DHS India
& 3 more
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IPO & Listings of Medi Assist
Medi Assist is a publicly listed company on the NSE with ticker symbol MEDIASSIST in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Medi Assist
Medi Assist offers a comprehensive portfolio of products and services, including Benefits Administration and MAtrix Fraud Detection Engine.
Streamlined administration for optimized claims management and enhanced member experiences is offered by Medi Assist.
Fraud detection in healthcare claims is enabled through advanced digital solutions provided by Medi Assist.
People of Medi Assist
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Funding Insights of Medi Assist
Medi Assist has successfully raised a total of $28.95M across 8 strategic funding rounds. The most recent funding activity was a Post-IPO round of $22 million completed in October 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.
Investors in Medi Assist
Medi Assist has secured backing from 36 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, IDFC and Vikramjit Singh Chhatwal.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Investment banking and infrastructure financing services are provided by IDFC.
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Commercial banking services are provided by IDFC in India.
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Investor details for Medi Assist
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Investments & Acquisitions by Medi Assist
Medi Assist has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include DHS India, Mayfair We Care and Medvantage.
Investment portfolio details for Medi Assist
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Health insurance administration is handled for insurers by DHS India.
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Locked | Locked | 2006 | Locked | |
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Claims processing, account management, and administrative services are provided.
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Locked | Locked | 2001 | Locked | |
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Provider of healthcare insurance outsourcing services
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Locked | Locked | 1996 | Locked |
Complete acquisition details for Medi Assist
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Financial Statements - Medi Assist
Detailed financials for Medi Assist
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Medi Assist Comparisons
Peer comparison for Medi Assist
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Competitors of Medi Assist
Detailed competitors of Medi Assist
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Latest news on Medi Assist
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Frequently Asked Questions about Medi Assist
Medi Assist was founded in 2002 and raised its 1st funding round 9 years after it was founded.
Medi Assist is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Satish Venkata Naga Gidugu is the current CEO of Medi Assist.
Medi Assist is a funded company, having raised a total of $28.95M across 8 funding rounds to date.
As of Mar 31, 2024, the latest employee count at Medi Assist is 6,400.
Annual revenue of Medi Assist is $84.63M as on Mar 31, 2025.
Medi Assist was founded in 2002 in Bengaluru, India, within the healthcare sector. Services are provided for administering employee benefits, including online management of prescriptions, test reports, and discharge summaries. Access to medical history is facilitated, alongside processing of reimbursement claims and preauthorization for hospitalization. Collaboration with healthcare providers has been established to develop technology supporting hospital revenue cycles, billing, and third-party payer settlements.
Medi Assist offers Benefits Administration and MAtrix Fraud Detection Engine.
Yes, Medi Assist is publicly traded on NSE under the ticker symbol MEDIASSIST.
Medi Assist has made 4 acquisitions, including DHS India, Mayfair We Care, and Medvantage.
Medi Assist has 36 investors. Key investors include Bessemer Venture Partners, IDFC, Vikramjit Singh Chhatwal, Vikram Jit Singh Chhatwal, and IDFC Limited.
The ticker symbol of Medi Assist is MEDIASSIST on NSE.
The valuation of Medi Assist is $166.9M as of Feb 2017.