About MediBuddy
MediBuddy is a company based in Bengaluru (India) founded in 2013 by Enbasekar D and Satish Kannan was acquired by DocsApp in June 2020. MediBuddy has raised $193.12 million across 13 funding rounds from investors including DeNA, Bessemer Venture Partners and DocsApp. The company has 52 employees as of April 21, 2024. MediBuddy has completed 2 acquisitions, including Clinix and MediBuddy VHealth. MediBuddy operates in a competitive market with competitors including Practo, API Holdings, Mfine, CallHealth and CureBay, among others.
- Headquarter Bengaluru, India
- Employees 52 as on 21 Apr, 2024
- Founders Enbasekar D, Satish Kannan
- Stage Minicorn
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Medi Assist Healthcare Services Limited
- Date of Incorporation 07 Jun, 2000
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$62.4 M (USD)25.94as on Mar 31, 2023
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Net Profit
$8.9 M (USD)15.3as on Mar 31, 2023
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EBITDA
$14.35 M (USD)30.88as on Mar 31, 2023
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Total Equity Funding
$193.12 M (USD)
in 13 rounds
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Latest Funding Round
$8.4 M (USD), Debt – Venture
May 30, 2024
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Investors
DeNA
& 51 more
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Employee Count
52
as on Apr 21, 2024
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Investments & Acquisitions
Clinix
& 1 more
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Acquired by
DocsApp
(Jun 04, 2020)
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Funding Insights of MediBuddy
MediBuddy has successfully raised a total of $193.12M across 13 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $8.4 million completed in May 2024. 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 13
- Last Round Debt – Venture — $8.4M
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First Round
First Round
(21 Mar 2014)
- Investors Count 51
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Debt – Venture - MediBuddy | Valuation |
investors |
|
| Feb, 2023 | Amount | Series C - MediBuddy | Valuation | Zenith Investment Partners | |
| Feb, 2022 | Amount | Series C - MediBuddy | Valuation | Quadria Capital , Lightrock India |
Investors in MediBuddy
MediBuddy has secured backing from 52 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include DeNA, Bessemer Venture Partners and DocsApp.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture debt financing is extended to companies across multiple sectors.
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Founded Year | Domain | Location | |
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Venture debt funding and structured finance for innovative startups in India.
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Founded Year | Domain | Location | |
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Healthcare private equity investments focused on Asian markets.
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Founded Year | Domain | Location |
Investments & Acquisitions by MediBuddy
MediBuddy has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Clinix and MediBuddy VHealth.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online consultations with multi-specialty doctors are facilitated via digital platforms.
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2021 | ||||
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Various healthcare services are provided via an online subscription platform.
|
2008 |
Financial Statements - MediBuddy
Medibuddy Comparisons
Competitors of MediBuddy
MediBuddy 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 Practo, API Holdings, Mfine, CallHealth and CureBay, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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.
|
|
| 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 |
Integrated at-home healthcare services, including tele-consultation and diagnostics, are provided.
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| domain | founded_year | HQ Location |
Healthcare services are delivered via an online platform.
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Latest news on Medibuddy
Frequently Asked Questions about MediBuddy
MediBuddy was founded in 2013 and raised its 1st funding round 1 year after it was founded.
MediBuddy is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Satish Kannan is the current CEO of MediBuddy. They have also founded this company.
MediBuddy is a funded company, having raised a total of $193.12M across 13 funding rounds to date. The company's 1st funding round was a Series C of $125M, raised on Mar 21, 2014.
As of Apr 21, 2024, the latest employee count at MediBuddy is 52.
Annual revenue of MediBuddy is $62.4M as on Mar 31, 2023.
Online platform offering multiple healthcare services. The platform enables users to search for healthcare providers and schedule follow-ups with doctors across multiple medical specialties. Also, it enables users to access medicine delivery, lab tests, health check-up, and insurance services.
MediBuddy's top competitors include CureBay, Practo and CallHealth.
MediBuddy has made 2 acquisitions, including Clinix, and MediBuddy VHealth.
MediBuddy has 52 investors. Key investors include DeNA, Bessemer Venture Partners, DocsApp, Quadria Capital, and Alteria Capital.
The valuation of MediBuddy is $418.14M as of Feb 2023.