About Medimny
Medimny is a company based in Thane (India) founded in 2019 by Nisha Keshari and Vijay Ranjan.. Medimny has raised $206.73 thousand across 1 funding round from investors including Vinay Singh, Ashish Kumar and Saurabh Sharma. Medimny operates in a competitive market with competitors including Saveo, MEDdelivery, Retailio, Jetpat and PharmaPe, among others.
- Headquarter Thane, India
- Founders Nisha Keshari, Vijay Ranjan
- Stage Minicorn
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Sectors
HealthcareRetail
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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 Felicitas Digitech Private Limited
- Date of Incorporation 09 Oct, 2019
- Jurisdiction Thane, Maharashtra, India
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Annual Revenue
$271.4 K (USD)77.07as on Mar 31, 2023
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Net Profit
$-71.96 K (USD)33.42as on Mar 31, 2023
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EBITDA
$-27.14 K (USD)61as on Mar 31, 2023
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Total Equity Funding
$206.73 K (USD)
in 1 rounds
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Latest Funding Round
$206.73 K (USD), Seed
Feb 23, 2021
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Investors
& 6 more
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Employee Count
Employee Count
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Funding Insights of Medimny
Medimny has successfully raised a total of $206.73K through 1 strategic funding round. The most recent funding activity was a Seed round of $206.73 thousand completed in February 2021. 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 1
- Last Round Seed — $206,729
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First Round
First Round
(23 Feb 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Seed - Medimny | Valuation | Vinay Singh |
| 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 Medimny
Medimny has secured backing from 7 investors, including angel investors. Prominent investors backing the company include Vinay Singh, Ashish Kumar and Saurabh Sharma. 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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VS
Vinay Singh |
Angel investor, Partner at Fireside Ventures, focused on consumer brands
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Founded Year | Domain | Location |
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AK
Ashish Kumar |
Co-founder of OfBusiness, active angel investor in Indian startups
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Founded Year | Domain | Location |
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SS
Saurabh Sharma |
Angel investor, ex-entrepreneur, focused on early-stage Indian startups
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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 Medimny
| 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 |
Financial Statements - Medimny
| 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 |
Medimny Comparisons
Competitors of Medimny
Medimny 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 Saveo, MEDdelivery, Retailio, Jetpat and PharmaPe, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Offers a B2B managed marketplace for pharmacies
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| domain | founded_year | HQ Location |
Retail pharma procurement is enabled via hyperlocal e-commerce platform.
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| domain | founded_year | HQ Location |
Pharmacies, distributors, and manufacturers are connected via a B2B platform.
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| domain | founded_year | HQ Location |
Provides a mobile marketplace for medicines with B2B options to facilitate efficient distribution.
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| domain | founded_year | HQ Location |
Provides a B2B online marketplace for purchasing pharmaceuticals.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Medimny
Frequently Asked Questions about Medimny
When was Medimny founded?
Medimny was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Medimny located?
Medimny is headquartered in Thane, India. It is registered at Thane, Maharashtra, India.
Is Medimny a funded company?
Medimny is a funded company, having raised a total of $206.73K across 1 funding round to date. The company's 1st funding round was a Seed of $206.73K, raised on Feb 23, 2021.
What is the annual revenue of Medimny?
Annual revenue of Medimny is $271.4K as on Mar 31, 2023.
What does Medimny do?
Medimny was established in 2019 in Thane, India, as a B2B platform focused on the pharmaceutical sector. Pharmaceutical products, including antibiotics, analgesics, antifungals, antidiabetics, general medicines, vitamins, supplements, and injections, are traded through this marketplace. Connections between buyers and sellers are facilitated across various categories, supporting operations in the Indian pharmaceutical industry.
Who are the top competitors of Medimny?
Medimny's top competitors include Saveo, Retailio and MEDdelivery.
Who are Medimny's investors?
Medimny has 7 investors. Key investors include Vinay Singh, Ashish Kumar, Saurabh Sharma, Rajesh Jhunjhunwala, and Sarika Jain.
What is Medimny's valuation?
The valuation of Medimny is $3.53M as of Feb 2021.