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 |
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 |
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Anil Tandon |
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Founded Year | Domain | Location |
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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 |
Investments & Acquisitions by MedLabz
Financial Statements - MedLabz
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.
| 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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Latest news on Medlabz
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 current CEO of MedLabz.
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.
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.