About MedPlusMart
MedPlusMart is a company based in Hyderabad (India) founded in 2006. It operates as a Direct-to-Consumer (D2C). MedPlusMart has raised $1.28 million across 2 funding rounds from investors including Srinivas Koppalu, Sridhar Kotagiri and Pratap Ganna. MedPlusMart offers products and services including Medicines. MedPlusMart operates in a competitive market with competitors including Tata 1mg, Netmeds, Truemeds, PharmEasy and MedPlus, among others.
- Headquarter Hyderabad, India
- 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.28 M (USD)
in 2 rounds
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Latest Funding Round
$516.76 K (USD), Seed
Mar 08, 2007
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Investors
& 17 more
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Employee Count
Employee Count
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Products & Services of MedPlusMart
MedPlusMart offers a comprehensive portfolio of products and services, including Medicines. 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 an online pharmacy platform.
Funding Insights of MedPlusMart
MedPlusMart has successfully raised a total of $1.28M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $516.76 thousand completed in March 2007. 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 2
- Last Round Seed — $516,757
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First Round
First Round
(28 Dec 2006)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2007 | Amount | Seed - MedPlusMart | Valuation |
investors |
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| Dec, 2006 | Amount | Angel Round - MedPlusMart | Valuation | Srinivas Koppalu |
| 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 MedPlusMart
MedPlusMart has secured backing from 18 investors, including angel investors. Prominent investors backing the company include Srinivas Koppalu, Sridhar Kotagiri and Pratap Ganna. 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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SK
Srinivas Koppalu |
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Founded Year | Domain | Location |
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SK
Sridhar Kotagiri |
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Founded Year | Domain | Location |
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PG
Pratap Ganna |
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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 MedPlusMart
| 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 - MedPlusMart
| 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 |
Medplusmart Comparisons
Competitors of MedPlusMart
MedPlusMart 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 Tata 1mg, Netmeds, Truemeds, PharmEasy and MedPlus, 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 |
Provider of an online pharmacy with doctor listing and teleconsultation services
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| domain | founded_year | HQ Location |
Provider of an online store for medicines and healthcare products
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| domain | founded_year | HQ Location |
Provider of an online pharmacy and telehealth platform
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| domain | founded_year | HQ Location |
Provider of an online pharmacy and healthcare platforms
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| domain | founded_year | HQ Location |
Medicines and health products are retailed through pharmacy outlets.
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| domain | founded_year | HQ Location |
An online marketplace for healthcare products is operated.
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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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Latest news on Medplusmart
Frequently Asked Questions about MedPlusMart
When was MedPlusMart founded?
MedPlusMart was founded in 2006.
Where is MedPlusMart located?
MedPlusMart is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Is MedPlusMart a funded company?
MedPlusMart is a funded company, having raised a total of $1.28M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $766.83K, raised on Dec 28, 2006.
What does MedPlusMart do?
An online pharmacy store is operated in India, focusing on providing medicines through a digital platform. The company serves customers seeking convenient access to healthcare products. Solutions are tailored for direct consumer purchases in the healthcare sector.
Who are the top competitors of MedPlusMart?
MedPlusMart's top competitors include Tata 1mg, SastaSundar and PharmEasy.
What products or services does MedPlusMart offer?
MedPlusMart offers Medicines.
Who are MedPlusMart's investors?
MedPlusMart has 18 investors. Key investors include Srinivas Koppalu, Sridhar Kotagiri, Pratap Ganna, Kalyan Bhaskara, and Ranga Raju.
What is MedPlusMart's valuation?
The valuation of MedPlusMart is $1.58M as of Mar 2007.