About Medify
Medify is a company based in Mumbai (India) founded in 2019 by Kairav Shah. It operates as a SaaS (Software-as-a-Service), Managed Services, and HealthTech. Medify has raised $1 million across 1 funding round from investors including Authum Investment & Infrastructure, Global Media Ventures and Bakulesh Shah Private Trust. The company has 1 employees. Medify offers products and services including Hospital Management Software, Clinic Management Software, Pharmacy Management Software, Custom Mobile Applications, and WhatsApp Automation Agents. Medify operates in a competitive market with competitors including Hinge Health, MediBuddy, Practo, Cerner and ekincare, among others.
- Headquarter Mumbai, India
- Employees 1
- Founders Kairav Shah
- Stage Minicorn
- SectorsHealthcareTechnology
- Phone•••• ••••
- Website medify.net
- Social LinkedIn X Facebook Instagram
- Legal Name Medify Nexus Private Limited
- Date of Incorporation 18 Mar, 2021
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹69.6 Lakh
FY 2024 · +37% YoY
- Net Loss-₹1.85 Cr
FY 2024 · -266% margin
- EBITDA-₹1.31 Cr
FY 2024 · -188% margin
- Total Equity Funding$1M (USD)
in 1 rounds
- Latest Funding Round$1M (USD), Seed
Nov 2022
- InvestorsAuthum Investment & Infrastructure
& 7 more
- Employee Count1
Associated legal entities of Medify
Medify is associated with 2 registered companies on The Company Check; the primary company is Medify Nexus Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Medify Nexus Private Limited CIN U72900MH2021PTC357335 | Active | 18 Mar 2021 | Mumbai, Maharashtra | ₹0.7 Cr | – | 2 | View details |
| Medify Nexus Llp CIN AAQ-7498 | Converted To Cmp And Dissolved | 09 Oct 2019 | Mumbai, Maharashtra | – | – | 2 | View details |
Products & Services of Medify
Medify offers a comprehensive portfolio of products and services, including Hospital Management Software, Clinic Management Software, Pharmacy Management Software, Custom Mobile Applications, and WhatsApp Automation Agents.
Software for hospital administration with analytics and integration.
Solution for clinic efficiency with data-driven management tools.
Integrated tool for pharmacy operations and customer retention.
Tailored mobile apps for specific healthcare use-cases.
Automated WhatsApp tools for healthcare engagement and inquiries.
Funding Insights of Medify
Medify has successfully raised a total of $1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1 million completed in November 2022. 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 $1M
- Total Rounds 1
- Last Round Seed — $1M
- First Round $1M
(Nov 2022)
- Investors Count 8
All 1 funding rounds of Medify 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 |
|---|---|---|---|---|---|
| Nov 2022 | $1M | Seed | $9.82M | Authum Investment & Infrastructure, Bakulesh Shah Private Trust |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2022 | $9.82M | •••••••• |
Last known valuation $9.82M (Nov 2022). 8 investors in total: 3 institutional and 5 angel.
Investors in Medify
Medify has secured backing from 8 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Authum Investment & Infrastructure, Global Media Ventures and Bakulesh Shah Private Trust.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Retail sector investments are managed by Global Media Ventures. | – | globalmediaventures.tcc.mode | Mumbai, India | |
Diversified investments in infrastructure and other sectors are managed. | 1982 | authum.com | Mumbai, India | |
- | – | bakuleshshahprivatetrust.tcc.mode | - | |
VV Virendra Vaghela | - | – | unknown_6918e243474445198 | - |
BA Bela Atish Mody | - | – | unknown_52bc534ce9ed43599 | - |
SD Sudeepto Deb | - | – | unknown_e141d27f68794558b | - |
VS Vijay Shah | - | – | unknown_9250d9da2ee9428a9 | - |
BH Bela Harish Arora | - | – | unknown_dba9ab2d9d3747b48 | - |
Investor details for Medify
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 Medify Nexus Private Limited (Medify)
Medify Nexus Private Limited is the primary company behind Medify. The boards of the 2 registered companies of Medify currently have 2 directors; the longest-serving is Kairav Bakulesh Shah, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kairav Bakulesh Shah DIN 08581828 | Designated Partner | 09 Oct 2019 | 7 yrs | Medify Nexus Llp, Medify Nexus Private Limited |
| Bakulesh Trambaklal Shah DIN 00183238 | Designated Partner | 09 Oct 2019 | 7 yrs | Medify Nexus Llp, Medify Nexus Private Limited |
People of Medify
1 people are tracked at Medify (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for Medify
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 Medify
Figures of Medify Nexus Private Limited, the primary company behind Medify, for FY 2024. Revenue was ₹69.6 Lakh (+37% year on year). Net loss was -₹1.85 Cr (-266% margin). EBITDA was -₹1.31 Cr (-188% margin).
- ₹69.6 LakhRevenue · FY 2024 · +37% YoY
- -₹1.85 CrNet loss · -266% margin
- -₹1.31 CrEBITDA · -188% margin
- ₹1.11 CrPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Medify Nexus Private Limited are on its company page.
Detailed financial statements for Medify
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Medify
3 dated milestones of Medify across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Medify is founded.
- Funding First funding round of $1.0M.
- Milestone Reaches Minicorn status.
Competitors of Medify
Medify 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 Hinge Health, MediBuddy, Practo, Cerner and ekincare, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hingehealth.com | 2015 | San Francisco, United States | $854.44M | 1,442 | Virtual physical therapy and digital pain care solutions are provided. | |
| medibuddy.in | 2013 | Bengaluru, India | $193.12M | 1,192 | Online platform offering multiple healthcare services | |
| practo.com | 2008 | Bengaluru, India | $227.88M | – | Doctor appointments are booked and healthcare professionals are consulted online. | |
| cerner.com | 1979 | North Kansas, United States | – | 5,159 | Online platform for employee health benefits | |
| ekincare.com | 2015 | Hyderabad, India | $21.89M | 181 | Employee wellness is managed via a digital health benefits platform. | |
| apiholdings.in | 2012 | Mumbai, India | $929.11M | 221 | Digital healthcare tools are offered for pharmacies and clinics management. | |
| mfine.co | 2017 | Bengaluru, India | $87.66M | 258 | Provider of online doctor consultations, at-home lab tests, and health packages | |
| curebay.com | 2020 | Bhubaneswar, India | $35.37M | 90 | Healthcare services are delivered via an online platform. | |
| plumhq.com | 2019 | Bengaluru, India | $20.73M | 400 | Employee health benefits and insurance solutions are provided by Plum. |
Detailed competitors of Medify
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of Medify
The website of Medify (medify.net) receives about 2.9K visits a month.
- Monthly visits2.9K
▼ 19.9% vs previous month
Latest news on Medify
Complete news archive for Medify
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Medify
10 companies that operate in the same segment as Medify (Clinical IT & Data Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru, Karnataka, India | USD 713.57 M | – | – | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 233 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | – | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 508.73 M | – | – | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, France | USD 863.12 M | – | – | |
Virtual care programs for managing chronic diseases are provided. | 2011 | San Francisco, California, United States | USD 450.12 M | USD 260.21 M | – | |
AI-driven EMR and practice management software is delivered for clinics. | 2010 | Boca Raton, Florida, United States | USD 329.17 M | – | – | |
Cloud-based administrative tools for healthcare providers are offered. | 1997 | Watertown, United States | USD 40 M | – | – | |
Membership-based primary care platform is offered for employees and consumers. | 2007 | San Francisco, California, United States | USD 402.56 M | – | – |
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Frequently Asked Questions about Medify
Medify was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Medify is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Kairav Shah is the current CEO of Medify. They have also founded this company.
Medify is a funded company, having raised a total of $1M across 1 funding round to date. The company's 1st funding round was a Seed of $1M, raised on Nov 2022.
Medify has 1 employees.
The primary company behind Medify, Medify Nexus Private Limited, reported revenue of ₹69.6 Lakh for FY 2024, up 37% year on year.
Healthcare software and integrated solutions are offered by Medify for hospitals, clinics, and pharmacies. Scalable and customizable products are developed to streamline operations, enhance patient engagement, and provide data-driven insights. Sectors such as hospital management, clinic efficiency, and pharmacy operations are covered with tailored software. Branded solutions including custom mobile apps and e-commerce platforms are also provided. CRM tools and API integrations are included to modernize processes and ensure seamless connectivity across platforms.
Medify's top competitors include MediBuddy, Hinge Health and ekincare.
Medify offers Hospital Management Software, Clinic Management Software, Pharmacy Management Software, Custom Mobile Applications, and WhatsApp Automation Agents.
Medify has 8 investors. Key investors include Authum Investment & Infrastructure, Global Media Ventures, Bakulesh Shah Private Trust, Virendra Vaghela, and Bela Atish Mody.
The valuation of Medify is $9.82M as of Nov 2022.
Medify is associated with 2 legal entities: Medify Nexus Private Limited, Medify Nexus Llp.