About MedoPlus
MedoPlus is a Healthcare company based in Lucknow (India) founded in 2020 by Neeraj Chandra, Prakash Bakshi, and Shekhar Yerramilli. Healthcare services are provided via an online platform. MedoPlus has raised $1.51 million across 5 funding rounds from investors including Shekhar Yeramilli, Neeraj Chandra and Manoj Saxena. The company has 17 employees. MedoPlus was last valued at $9.62 million in August 2023. Its chief executive, as recorded, is Prakash Bakshi. Its Indian entity Medoplus Services Private Limited reported revenue of ₹1.66 Cr. Its focus areas include HealthTech, Healthcare Booking Platforms and Diversified. Its competitors include MediBuddy, Practo and API Holdings; 3 of its 3 listed competitors have raised funding.
Company details
MedoPlus was founded in 2020 in Lucknow, India, as an online platform in the healthcare sector. Services are offered for managing health records, following up on appointments, and booking consultations, lab tests, and hospitalization. Nearest pharmacies are located through the app. Operations focus on digital access to these healthcare functions for users in India.
- Headquarters Lucknow, India
- Employees 17
- Founders Neeraj Chandra, Prakash Bakshi, Shekhar Yerramilli
- Stage Minicorn
- SectorsHealthcare
- Website medoplus.in
- Social X
- Legal Name Medoplus Services Private Limited
- Date of Incorporation 06 Oct, 2020
- Jurisdiction Noida, Uttar Pradesh, India
- Annual Revenue₹1.66 Cr
FY 2024 · +56% YoY
- Net Loss-₹3.59 Cr
FY 2024 · -216% margin
- EBITDA-₹3.50 Cr
FY 2024 · -210% margin
- Total Equity Funding$1.51M (USD)
in 5 rounds
- Latest Funding Round$313.67K (USD), Angel Round
Aug 2023
- Employee Count17
Associated legal entities of MedoPlus
MedoPlus operates through Medoplus Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Medoplus Services Private Limited CIN U74999UP2020PTC135683 | Active | 06 Oct 2020 | Noida, Uttar Pradesh | ₹1.7 Cr | 17 | 4 | View details |
Funding Insights of MedoPlus
MedoPlus has successfully raised a total of $1.51M across 5 strategic funding rounds. The most recent funding activity was a Angel Round of $313.67 thousand completed in August 2023. 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 $1.51M
- Total Rounds 5
- Last Round Angel Round — $313,665
- First Round $100,816
(Dec 2020)
- Investors Count 40
All 5 funding rounds of MedoPlus 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 |
|---|---|---|---|---|---|
| Aug 2023 | $313,665 | Angel Round | $9.62M | – | |
| Nov 2022 | $298,099 | Angel Round | $9.36M | Krishnan Padmanabhan, Abhinav Gupta | |
| Aug 2021 | $517,729 | Angel Round | $••••• | Jugal Sharma | |
| Feb 2021 | $275,104 | Angel Round | $••••• | Krishnan Padmanabhan | |
| Dec 2020 | $100,816 | Angel Round | $••••• | Shekhar Yeramilli | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2023 | $9.62M | •••••••• |
| Nov 2022 | $9.36M | •••••••• |
| Aug 2021 | $••••• | •••••••• |
| Feb 2021 | $••••• | •••••••• |
Full valuation and stage history of MedoPlus
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $9.62M (Aug 2023). 39 investors in total: 0 institutional and 39 angel.
Investors in MedoPlus
MedoPlus has secured backing from 39 investors, including angel and institutional investors. Prominent investors backing the company include Shekhar Yeramilli, Neeraj Chandra and Manoj Saxena.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
SY Shekhar Yeramilli | unknown_b626f3caa7c148369 | |||
NC Neeraj Chandra | unknown_72c94ed00e1b4d70b | |||
MS Manoj Saxena | Indian angel investor, AI expert, ex-IBM Watson leader | unknown_fb27019a013e4326a | ||
DN Deveshwara Nand Bhatt | unknown_2715139d72d940a7a | |||
SS Suresh Sugavanam | unknown_c8213272122648d8b | |||
MS Manoj Saxena | Indian angel investor, AI expert, ex-IBM Watson leader | unknown_428d367beac24f61a | ||
NC Neeraj Chandra | Angel investor and tech leader, ex-Google, focused on Indian startups | unknown_5937607edfc94871a | ||
KP Krishnan Padmanabhan | Angel investor, ex-Cisco executive, focused on tech startups in India. | unknown_88e81734fb194bf3b | ||
RR Ramalingam Ramamurti | unknown_1c9ccb2a52784bbe9 | |||
LR Lata Ramamurthi | unknown_f58e56527cc449788 |
Investor details for MedoPlus
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Medoplus Services Private Limited (MedoPlus)
Medoplus Services Private Limited is the primary company behind MedoPlus. The board of Medoplus Services Private Limited currently have 4 directors; the longest-serving is Prakash Bakshi, appointed in 2020. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prakash Bakshi DIN 02628945 | Director | 06 Oct 2020 | 6 yrs | Medoplus Services Private Limited |
| Neeraj Chandra DIN 09022257 | Director | 05 Jan 2021 | 5 yrs 9 mo | Medoplus Services Private Limited |
| Shekhar Yerramilli DIN 03501650 | Director | 23 May 2022 | 4 yrs 5 mo | Medoplus Services Private Limited |
| Krishnan Padmanabhan DIN 03482552 | Director | 06 Apr 2024 | 2 yrs 6 mo | Medoplus Services Private Limited |
People of MedoPlus
3 people are tracked at MedoPlus (3 in leadership); the tracked headcount is 17.
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership | |
| Co-Founder & CEO | Leadership | |
| Co-Founder & Director | Leadership |
Complete people profiles for MedoPlus
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of MedoPlus
Figures of Medoplus Services Private Limited, the primary company behind MedoPlus, for FY 2024. Revenue was ₹1.66 Cr (+56% year on year). Net loss was -₹3.59 Cr (-216% margin). EBITDA was -₹3.50 Cr (-210% margin). Revenue has grown at a compounded annual rate of +375% over three years.
- ₹1.66 CrRevenue · FY 2024 · +56% YoY
- -₹3.59 CrNet loss · -216% margin
- -₹3.50 CrEBITDA · -210% margin
- ₹1.7 LakhPaid-up capital
- 17Employees (provident fund records)
- +375%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Medoplus Services Private Limited are on its company page.
Detailed financial statements for MedoPlus
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of MedoPlus
4 dated milestones of MedoPlus across 3 years, from founding to its latest funding, stage changes and deals.
- Founded MedoPlus is founded.
- Funding First funding round of $101K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $314K.
Competitors of MedoPlus
MedoPlus has 3 listed competitors in our database, 3 of them funded. They include MediBuddy, Practo and API Holdings.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| medibuddy.in | 2013 | Bengaluru, India | $193.12M | 1,192 | Online platform offering multiple healthcare services | |
| practo.com | 2008 | Bengaluru, India | $227.88M | Doctor appointments are booked and healthcare professionals are consulted online. | ||
| apiholdings.in | 2012 | Mumbai, India | $1.19B | 221 | Digital healthcare tools are offered for pharmacies and clinics management. |
Detailed competitors of MedoPlus
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Web traffic of MedoPlus
The website of MedoPlus (medoplus.in) receives about 1.6K visits a month.
- Monthly visits1.6K
▲ 95.5% vs previous month
Top companies in Digital Health & Telemedicine
3 companies that operate in the same segment as MedoPlus (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 199.65 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 Medoplus
Complete news archive for MedoPlus
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Frequently Asked Questions about MedoPlus
MedoPlus was founded in 2020.
MedoPlus is headquartered in Lucknow, India. It is registered at Lucknow, Uttar Pradesh, India.
Prakash Bakshi is the CEO of MedoPlus, as recorded in our data. They have also founded this company.
MedoPlus is a funded company, having raised a total of $1.51M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $100.82K, raised on Dec 2020.
MedoPlus has 17 employees.
The primary company behind MedoPlus, Medoplus Services Private Limited, reported revenue of ₹1.66 Cr for FY 2024, up 56% year on year.
MedoPlus was founded in 2020 in Lucknow, India, as an online platform in the healthcare sector. Services are offered for managing health records, following up on appointments, and booking consultations, lab tests, and hospitalization. Nearest pharmacies are located through the app. Operations focus on digital access to these healthcare functions for users in India.
MedoPlus's top competitors include MediBuddy, Practo and API Holdings.
MedoPlus has 39 investors. Key investors include Shekhar Yeramilli, Neeraj Chandra, Manoj Saxena, Deveshwara Nand Bhatt, and Suresh Sugavanam.
The valuation of MedoPlus is $9.62M as of Aug 2023.
MedoPlus operates through Medoplus Services Private Limited.
The legal entities of MedoPlus currently have 4 directors, including Neeraj Chandra, Prakash Bakshi, Shekhar Yerramilli and others.