About Medi Assist
Medi Assist is a company based in Bengaluru (India) founded in 2002.. Medi Assist has raised $28.95 million across 6 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 Public
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Sectors
Financial Services
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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 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 6 rounds
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Latest Funding Round
$134.48 K (USD), Unspecified
Feb 06, 2017
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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. 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.
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.
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Funding Insights of Medi Assist
Medi Assist has successfully raised a total of $28.95M across 6 strategic funding rounds. The most recent funding activity was a Unspecified round of $134.48 thousand completed in February 2017. 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 Unspecified — $134,480
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First Round
First Round
(06 Jul 2011)
- Investors Count 36
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2017 | Amount | Unspecified - Medi Assist | Valuation | Bessemer Venture Partners | |
| Jan, 2015 | Amount | Unspecified - Medi Assist | Valuation | IDFC , IDFC |
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| Oct, 2013 | Amount | Unspecified - Medi Assist | Valuation | IDFC , IDFC |
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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 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. 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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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Investment banking and infrastructure financing services are provided by IDFC.
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Founded Year | Domain | Location | |
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Commercial banking services are provided by IDFC in India.
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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 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. 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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Health insurance administration is handled for insurers by DHS India.
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2006 | ||||
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Claims processing, account management, and administrative services are provided.
|
2001 | ||||
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Provider of healthcare insurance outsourcing services
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1996 |
| 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 - Medi Assist
| 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 |
Medi Assist Comparisons
Competitors of Medi Assist
| 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 Medi Assist
Frequently Asked Questions about Medi Assist
When was Medi Assist founded?
Medi Assist was founded in 2002 and raised its 1st funding round 9 years after it was founded.
Where is Medi Assist located?
Medi Assist is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Medi Assist?
Satish Venkata Naga Gidugu is the current CEO of Medi Assist.
Is Medi Assist a funded company?
Medi Assist is a funded company, having raised a total of $28.95M across 6 funding rounds to date. The company's 1st funding round was a Unspecified of $20M, raised on Jul 06, 2011.
How many employees does Medi Assist have?
As of Mar 31, 2024, the latest employee count at Medi Assist is 6,400.
What is the annual revenue of Medi Assist?
Annual revenue of Medi Assist is $84.63M as on Mar 31, 2025.
What does Medi Assist do?
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.
What products or services does Medi Assist offer?
Medi Assist offers Benefits Administration and MAtrix Fraud Detection Engine.
Is Medi Assist publicly traded?
Yes, Medi Assist is publicly traded on NSE under the ticker symbol MEDIASSIST.
How many acquisitions has Medi Assist made?
Medi Assist has made 4 acquisitions, including DHS India, Mayfair We Care, and Medvantage.
Who are Medi Assist's investors?
Medi Assist has 36 investors. Key investors include Bessemer Venture Partners, IDFC, Vikramjit Singh Chhatwal, Vikram Jit Singh Chhatwal, and IDFC Limited.
What is Medi Assist's ticker symbol?
The ticker symbol of Medi Assist is MEDIASSIST on NSE.
What is Medi Assist's valuation?
The valuation of Medi Assist is $166.9M as of Feb 2017.