About MedLabz
MedLabz is a Healthcare company based in Mumbai (India) founded in 2015 by Nimish Mehta, and was acquired by Medlife in January 2019. Diagnostic tests are booked online with home collection options offered. MedLabz has raised $360.31 thousand across 4 funding rounds from investors including Medlife, Anil Tandon and Sajiv Chandra. MedLabz was last valued at $2.94 million in November 2017. Its chief executive, as recorded, is Siddharth Bidwan. The company was acqui-hired. Its focus areas include HealthTech, Healthcare Booking Platforms, Diagnostics and Marketplaces. Its competitors include Healthians, Watch Your Health and Hindustan Wellness; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Mumbai, India
- Founders Nimish Mehta
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website medlabz.com
- Social LinkedIn X Facebook
- Acquired by Medlife (Jan 2019)
Associated legal entities of MedLabz
MedLabz is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Evriksh Healthcare Private Limited CIN U85110MH2015PTC327230 | Amalgamated | 08 Sep 2015 | Mumbai, Maharashtra | ₹0.4 Cr | 3 | View details | |
| Medlife International Private Limited CIN U24230BR2014PTC023149 | Amalgamated | 11 Nov 2014 | Patna, Bihar | ₹95.5 Cr | 475 | 5 | View details |
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 $360,311
- Total Rounds 4
- Last Round Seed — $201,773
- First Round $34,020
(Jul 2016)
- Investors Count 9
All 4 funding rounds of MedLabz 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 2017 | $201,773 | Seed | $2.94M | – | – |
| Jun 2017 | $61,523 | Angel Round | $2.71M | Anil Tandon | |
| Oct 2016 | $62,995 | Angel Round | $••••• | Shalu Anand, Sudeep Singh | |
| Jul 2016 | $34,020 | Angel Round | $••••• | Anil Tandon, Rohit Chadha |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2017 | $2.94M | •••••••• |
| Jun 2017 | $2.71M | •••••••• |
Last known valuation $2.94M (Nov 2017). 10 investors in total: 1 institutional and 9 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
AT Anil Tandon | unknown_7e9123a88a38487ab | |||
SC Sajiv Chandra | unknown_25df2d52090540b18 | |||
RC Rohit Chadha | Angel investor and entrepreneur, co-founder of Zappfresh, focused on agritech | unknown_eabf6993d8064d4d8 | ||
RC Ritu Chadha | unknown_3f8cd0898ddd4f199 | |||
SA Shalu Anand | unknown_69ec084f53b547ba8 | |||
SS Sudeep Singh | unknown_21a3fe26fed744889 | |||
MS Mihir Somaiya | unknown_9a9cbbeffe904fbdb | |||
GD Girish Dinakaran | unknown_516fbbfa105145bea | |||
MW Micky Watwani | unknown_66b8ab871bb4469bb | |||
Provider of an online pharmacy for medications | 2014 | medlife.com | Bengaluru, India |
Investor details for MedLabz
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of MedLabz
The boards of the 2 registered companies of MedLabz currently have 6 directors; the longest-serving is Tushar Kumar, appointed in 2014. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Tushar Kumar DIN 01728877 | Director | 11 Nov 2014 | 11 yrs 11 mo | Medlife International Private Limited |
| Prashant Singh DIN 00568680 | Director | 11 Nov 2014 | 11 yrs 11 mo | Medlife International Private Limited |
| Ashish Kumar Somani DIN 08190946 | Director | 08 May 2019 | 7 yrs 5 mo | Evriksh Healthcare Private Limited |
| Abhishek Kumar DIN 08777939 | Director | 10 Oct 2020 | 6 yrs | Evriksh Healthcare Private Limited |
| Ajinkya Rajendra Bannore DIN 07614758 | Company Secretary | 01 Apr 2021 | 5 yrs 6 mo | Medlife International Private Limited |
| Ravi Bansal DIN 08538260 | Director | 27 Jul 2021 | 5 yrs 3 mo | Evriksh Healthcare Private Limited |
People of MedLabz
2 people are tracked at MedLabz (2 in leadership).
| Name | Role | Group |
|---|---|---|
Nimish Mehta | Co-Founder | Leadership |
Siddharth Bidwan | CEO | Leadership |
Complete people profiles for MedLabz
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of MedLabz
Figures of Medlife International Private Limited, the primary company behind MedLabz, for FY 2021. Revenue was ₹95.54 Cr (-17% year on year). Net loss was -₹746 Cr (-195% margin). EBITDA was -₹661 Cr (-173% margin). Revenue has grown at a compounded annual rate of +41% over three years and +53% over five years.
- ₹95.54 CrRevenue · FY 2021 · -17% YoY
- -₹746 CrNet loss · -195% margin
- -₹661 CrEBITDA · -173% margin
- ₹24.40 CrPaid-up capital
- 475Employees (provident fund records)
- +41%Revenue CAGR, 3 years
- +53%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Medlife International Private Limited are on its company page.
Detailed financial statements for MedLabz
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of MedLabz
5 dated milestones of MedLabz across 4 years, from founding to its latest funding, stage changes and deals.
- Founded MedLabz is founded.
- Funding First funding round of $34K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $202K.
- Exit Acquired by Medlife.
Competitors of MedLabz
MedLabz has 3 listed competitors in our database, 3 of them funded. They include Healthians, Watch Your Health and Hindustan Wellness.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| healthians.com | 2014 | Gurugram, India | $80.01M | 1,730 | Online platform for at home diagnostic tests and health checkups | |
| watchyourhealth.com | 2015 | Thane, India | $7.39M | Preventive healthcare platform offering diagnostic test and doctor consultation | ||
| hindustanwellness.com | 2013 | Gurugram, India | $3.4M | 219 | Mobile app for booking preventive health checkups and maintaining personal health records |
Detailed competitors of MedLabz
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Top companies in Digital Health & Telemedicine
3 companies that operate in the same segment as MedLabz (Digital Health & Telemedicine) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of an online pharmacy with doctor listing and teleconsultation services | 2015 | Delhi, Delhi, India | USD 230.8 M | USD 328.97 M | 5,212 | |
Online platform offering multiple healthcare services | 2013 | Bengaluru, Karnataka, India | USD 199.22 M | USD 62.4 M | 52 | |
An online marketplace for healthcare products is operated. | 2011 | Kolkata, West Bengal, India | USD 38.26 M |
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Related news about Medlabz
Complete news archive for MedLabz
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Frequently Asked Questions about MedLabz
MedLabz was founded in 2015 and raised its 1st funding round 1 year after it was founded.
MedLabz is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Siddharth Bidwan is the CEO of MedLabz, as recorded in our data.
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 $34.02K, raised on Jul 2016.
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.
MedLabz's top competitors include Healthians, Watch Your Health and Hindustan Wellness.
MedLabz has 10 investors. Key investors include Medlife, Anil Tandon, Sajiv Chandra, Rohit Chadha, and Ritu Chadha.
The valuation of MedLabz is $2.94M as of Nov 2017.
MedLabz is associated with 2 legal entities: Medlife International Private Limited, Evriksh Healthcare Private Limited.
Yes. MedLabz was acquired by Medlife in January 2019.
The legal entities of MedLabz currently have 7 directors, including Ajinkya Rajendra Bannore, Tushar Kumar, Prashant Singh and others.