About MedLabz
MedLabz is a company based in Mumbai (India) founded in 2015 by Nimish Mehta was acquired by Medlife in January 2019.. MedLabz has raised $360.31 thousand across 4 funding rounds from investors including Medlife, Anil Tandon and Sajiv Chandra. MedLabz operates in a competitive market with competitors including Healthians, Watch Your Health, Hindustan Wellness, LifeWell and 1mg Labs, among others.
- Headquarter Mumbai, India
- Founders Nimish Mehta
- Stage Minicorn
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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Funding Insights of MedLabz
MedLabz has successfully raised a total of $360.31K across 4 strategic funding rounds. The most recent funding activity was a Seed round of $201.77 thousand completed in November 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 4
- Last Round Seed — $201,773
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First Round
First Round
(01 Jul 2016)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2017 | Amount | Seed - MedLabz | Valuation |
investors |
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| Jun, 2017 | Amount | Angel Round - MedLabz | Valuation | Anil Tandon | |
| Oct, 2016 | Amount | Angel Round - MedLabz | Valuation | Shalu Anand , Sudeep 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 MedLabz
MedLabz has secured backing from 10 investors, including angel investors. Prominent investors backing the company include Medlife, Anil Tandon and Sajiv Chandra. 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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AT
Anil Tandon |
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Founded Year | Domain | Location |
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SC
Sajiv Chandra |
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Founded Year | Domain | Location |
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RC
Rohit Chadha |
Angel investor and entrepreneur, co-founder of Zappfresh, focused on agritech
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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 MedLabz
| 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 - MedLabz
| 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 |
Medlabz Comparisons
Competitors of MedLabz
MedLabz 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 Healthians, Watch Your Health, Hindustan Wellness, LifeWell and 1mg Labs, 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 |
Online platform for at home diagnostic tests and health checkups
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| domain | founded_year | HQ Location |
Preventive healthcare platform offering diagnostic test and doctor consultation
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| domain | founded_year | HQ Location |
Mobile app for booking preventive health checkups and maintaining personal health records
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| domain | founded_year | HQ Location |
Provider of an online marketplace for diagnostics labs
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| domain | founded_year | HQ Location |
Online platform for booking lab tests, ordering medicines, and consultations.
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| domain | founded_year | HQ Location |
Offers annual health check-ups, pre-employment screenings, and corporate wellness programs.
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| 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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Frequently Asked Questions about MedLabz
When was MedLabz founded?
MedLabz was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is MedLabz located?
MedLabz is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of MedLabz?
Siddharth Bidwan is the current CEO of MedLabz.
Is MedLabz a funded company?
MedLabz is a funded company, having raised a total of $360.31K across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $63K, raised on Jul 01, 2016.
What does MedLabz do?
MedLabz was established in 2015 in Mumbai, India, within the healthcare sector. An online platform is operated to allow users to search and book diagnostic tests, with choices for home sample collection or lab visits. Services are limited to parts of the Mumbai region. The team includes graduates from IIT and Cornell, supported by quality assurance specialists. Key personnel consist of co-founder Nimish Mehta and CEO Siddharth Bidwan.
Who are the top competitors of MedLabz?
MedLabz's top competitors include Healthians, Watch Your Health and Hindustan Wellness.
Who are MedLabz's investors?
MedLabz has 10 investors. Key investors include Medlife, Anil Tandon, Sajiv Chandra, Rohit Chadha, and Ritu Chadha.
What is MedLabz's valuation?
The valuation of MedLabz is $2.94M as of Nov 2017.