About MedPlus
MedPlus is a company based in Hyderabad (India) founded in 2006 by Gangadi Madhukar Reddy. It operates as a Direct-to-Consumer (D2C), and Two-Sided Marketplace. MedPlus has raised $268.78 million across 10 funding rounds from investors including Goldman Sachs, Warburg Pincus and TVS Capital Funds. The company has 25,010 employees as of March 31, 2024. MedPlus offers products and services including Pharmacy Retail, MedPlus Mart, MedPlus Lens, and MedPlus Labs.
- Headquarter Hyderabad, India
- Employees 25010 as on 31 Mar, 2024
- Founders Gangadi Madhukar Reddy
- Stage Public
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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
*********
- Legal Name Medplus Health Services Ltd.
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Annual Revenue
$716.82 M (USD)9.09as on Mar 31, 2024
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Net Profit
$17.52 M (USD)129.59as on Mar 31, 2024
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EBITDA
$57.24 M (USD)37.45as on Mar 31, 2024
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Total Equity Funding
$268.78 M (USD)
in 10 rounds
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Latest Funding Round
$78.76 M (USD), Series C
Feb 09, 2021
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Investors
Goldman Sachs
& 19 more
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Employee Count
25010
as on Mar 31, 2024
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IPO & Listings of MedPlus
MedPlus is a publicly listed company on the NSE with ticker symbol MEDPLUS in India, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of MedPlus
MedPlus offers a comprehensive portfolio of products and services, including Pharmacy Retail, MedPlus Mart, MedPlus Lens, and MedPlus Labs. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Medicines are sold through retail pharmacy stores nationwide.
General goods are offered through an online platform.
Eyewear products are provided via online sales channels.
Lab services are accessible through online booking systems.
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Funding Insights of MedPlus
MedPlus has successfully raised a total of $268.78M across 10 strategic funding rounds. The most recent funding activity was a Series C round of $78.76 million completed in February 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.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series C — $78.8M
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First Round
First Round
(07 Feb 2007)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Series C - MedPlus | Valuation | Warburg Pincus , Premji Invest |
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| Apr, 2019 | Amount | Series C - MedPlus | Valuation | Premji Invest |
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| Jan, 2018 | Amount | Debt – Conventional - MedPlus | Valuation |
investors |
| 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 MedPlus
MedPlus has secured backing from 20 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Goldman Sachs, Warburg Pincus and TVS Capital Funds. 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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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Provides venture capital for technology startups and enterprise innovations worldwide.
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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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 MedPlus
| 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 - MedPlus
| 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 |
Medplus Comparisons
Competitors of MedPlus
| 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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Latest news on Medplus
Frequently Asked Questions about MedPlus
When was MedPlus founded?
MedPlus was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Where is MedPlus located?
MedPlus is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of MedPlus?
Gangadi Madhukar Reddy is the current CEO of MedPlus. They have also founded this company.
Is MedPlus a funded company?
MedPlus is a funded company, having raised a total of $268.78M across 10 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $117.49M, raised on Feb 07, 2007.
How many employees does MedPlus have?
As of Mar 31, 2024, the latest employee count at MedPlus is 25,010.
What is the annual revenue of MedPlus?
Annual revenue of MedPlus is $716.82M as on Mar 31, 2024.
What does MedPlus do?
MedPlus, operating as MedPlus Health Services Limited, is established as Indias second largest retail pharmacy network with over 4,230 stores across multiple states. The company is focused on providing genuine pharmaceutical products and fast-moving consumer goods at affordable prices. Stores are distributed across regions like Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal, Maharashtra, Kerala, Chhattisgarh, and Madhya Pradesh. Additionally, an omni-channel approach is adopted, integrating offline stores with online platforms such as MedPlus Mart, MedPlus Lens, and MedPlus Labs, accessible via website and mobile application. A customer loyalty program named FlexiRewards is also operated to enhance customer engagement through redeemable points.
What products or services does MedPlus offer?
MedPlus offers Pharmacy Retail, MedPlus Mart, MedPlus Lens, and MedPlus Labs.
Is MedPlus publicly traded?
Yes, MedPlus is publicly traded on NSE under the ticker symbol MEDPLUS.
Who are MedPlus's investors?
MedPlus has 20 investors. Key investors include Goldman Sachs, Warburg Pincus, TVS Capital Funds, Premji Invest, and Merlin Holdings.
What is MedPlus's ticker symbol?
The ticker symbol of MedPlus is MEDPLUS on NSE.
What is MedPlus's valuation?
The valuation of MedPlus is $224.8M as of Apr 2019.
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