About Medkart
Medkart is a company based in Ahmedabad (India) founded in 2014. Medkart has raised $5.39 million across 1 funding round from investors including Alkemi Partners, Insitor Partners and Prashant Poddar. The company has 105 employees as of April 08, 2024. Medkart offers products and services including Generic Medicines, Lab Tests, and Branded Medicines. Medkart operates in a competitive market with competitors including Medlr, PharmLane, Pharmacy Checker Online, Dava Ninja and Meedgo, among others.
- Headquarter Ahmedabad, India
- Employees 105 as on 08 Apr, 2024
- Stage Minicorn
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Sectors
Healthcare
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Phone
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Website
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Social
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- Legal Name Medkart Pharmacy Private Limited
- Date of Incorporation 22 Mar, 2019
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$3.68 M (USD)19.2as on Mar 31, 2022
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Net Profit
-$86.32 K (USD)-273.62as on Mar 31, 2022
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EBITDA
-$141.34 K (USD)-434.66as on Mar 31, 2022
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Total Equity Funding
$5.39 M (USD)
in 1 rounds
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Latest Funding Round
$5.39 M (USD), Series A
May 04, 2021
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Investors
Alkemi Partners
& 12 more
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Employee Count
105
as on Apr 08, 2024
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Products & Services of Medkart
Medkart offers a comprehensive portfolio of products and services, including Generic Medicines, Lab Tests, and Branded Medicines.
Affordable drugs as alternatives to branded versions
Free home collection for various health tests
Original drugs with price comparisons available
People of Medkart
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Funding Insights of Medkart
Medkart has successfully raised a total of $5.39M through 1 strategic funding round. The most recent funding activity was a Series A round of $5.39 million completed in May 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.
Investors in Medkart
Medkart has secured backing from 13 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Alkemi Partners, Insitor Partners and Prashant Poddar.
| Investor | Description | Founded Year | Domain | Location |
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Provider of impact investment firm based in Singapore focused on investing in startups and early-stage social businesses
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Investment in early-stage healthcare companies for consumer well-being and growth.
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M&A and strategic advisory firm focused on multiple sectors
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Investor details for Medkart
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Investments & Acquisitions by Medkart
Investment portfolio details for Medkart
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Financial Statements - Medkart
Detailed financials for Medkart
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Medkart Comparisons
Peer comparison for Medkart
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Competitors of Medkart
Medkart 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 Medlr, PharmLane, Pharmacy Checker Online, Dava Ninja and Meedgo, among others.
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Operates a digital hub for comparing pharmacy prices.
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An online platform that helps users locate local pharmacies and compare medication prices.
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Pharmacy Checker Online offers drug price comparisons and verification services for online pharmacies.
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Offers an online platform to compare medicine prices and delivery times from pharmacies.
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Offers a digital platform for price discovery and competitive pricing on medications.
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Detailed competitors of Medkart
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Latest news on Medkart
Complete news archive for Medkart
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Frequently Asked Questions about Medkart
Medkart was founded in 2014 and raised its 1st funding round 7 years after it was founded.
Medkart is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Medkart is a funded company, having raised a total of $5.39M across 1 funding round to date.
As of Apr 08, 2024, the latest employee count at Medkart is 105.
Annual revenue of Medkart is $3.68M as on Mar 31, 2022.
Medkart was founded in 2014 in Ahmedabad, India, within the healthcare e-commerce sector. An online platform is operated where prices of medicines from various locations are compared by users. Medicines can be searched and ordered for home delivery. A chain of offline stores is maintained, focusing on the sale of generic medicines. Operations are centered in India, supporting both digital and physical access to pharmaceuticals.
Medkart's top competitors include PharmLane, Medlr and Pharmacy Checker Online.
Medkart offers Generic Medicines, Lab Tests, and Branded Medicines.
Medkart has 13 investors. Key investors include Alkemi Partners, Insitor Partners, Prashant Poddar, Radix Capital, and Tejinderjit Singh Sandhu.
The valuation of Medkart is $18.97M as of May 2021.