About MedsOnWay
MedsOnWay is a Healthcare company based in Pune (India) founded in 2015 by Aniket Bora and Prashant Pillai. Medicines are ordered online via an e-pharmacy portal. MedsOnWay has raised $1.14 million across 4 funding rounds from investors including Abhishek Singh, Johit Jithendran and Anirudh Garud. MedsOnWay was last valued at $2.55 million in April 2018. Its chief executive, as recorded, is Aniket Bora. Its Indian entity Medsonway Solutions Private Limited reported revenue of ₹4.5 Lakh. MedsOnWay offers products and services including Flat Fee Rx Membership and Prescription Discount Programs. Its focus areas include HealthTech, Healthcare Booking Platforms, Pharmacies and Drugs. Its competitors include Tata 1mg, Netmeds and Truemeds; 3 of its 3 listed competitors have raised funding.
Company details
MedsOnWay was founded in 2015 in Pune, India, as an e-pharmacy platform. Medications are ordered by users through prescription uploads or drug name searches. Automated refill services are provided for chronic conditions including diabetes, cancer, and heart ailments. Both generic and branded medicines are available, with rewards offered for platform orders. Deliveries are completed within 24 hours.
- Headquarters Pune, India
- Founders Aniket Bora, Prashant Pillai
- Stage Minicorn
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website medsonway.com
- Social LinkedIn X Facebook
- Legal Name Medsonway Solutions Private Limited
- Date of Incorporation 03 Sep, 2014
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹4.5 Lakh
FY 2025 · -25% YoY
- Net Loss-₹5.3 Lakh
FY 2025 · -118% margin
- EBITDA₹80,000
FY 2025 · 18% margin
- Total Equity Funding$1.14M (USD)
in 4 rounds
- Latest Funding Round$269.62K (USD), Seed
Apr 2018
- InvestorsRPG
& 14 more
Associated legal entities of MedsOnWay
MedsOnWay operates through Medsonway Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Medsonway Solutions Private Limited CIN U51909PN2014PTC152411 | Active | 03 Sep 2014 | Pune, Maharashtra | ₹0.0 Cr | 20 | 2 | View details |
Products & Services of MedsOnWay
MedsOnWay offers a comprehensive portfolio of products and services, including Flat Fee Rx Membership and Prescription Discount Programs.
Provides access to generic medications at a flat monthly fee.
Offers up to 80% savings on drug prices through nationwide partnerships.
Funding Insights of MedsOnWay
MedsOnWay has successfully raised a total of $1.14M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $269.62 thousand completed in April 2018. 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 $1.14M
- Total Rounds 4
- Last Round Seed — $269,619
- First Round $24,268
(Aug 2015)
- Investors Count 15
All 4 funding rounds of MedsOnWay 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 |
|---|---|---|---|---|---|
| Apr 2018 | $269,619 | Seed | $2.55M | ||
| Nov 2017 | $741,630 | Seed | – | RPG | |
| Feb 2016 | $101,781 | Angel Round | $1.38M | Samir Palnitkar | |
| Aug 2015 | $24,268 | Angel Round | $••••• | Rathi Nair |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2018 | $2.55M | •••••••• |
| Feb 2016 | $1.38M | •••••••• |
Last known valuation $2.55M (Apr 2018). 14 investors in total: 1 institutional and 13 angel.
Investors in MedsOnWay
MedsOnWay has secured backing from 14 investors, including institutional and angel investors. Prominent investors backing the company include Abhishek Singh, Johit Jithendran and Anirudh Garud.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are invested in by RPG, a VC firm. | rpggroup.com | Mumbai, India | ||
AS Abhishek Singh | Angel investor, ex-entrepreneur, focused on early-stage Indian startups | unknown_2f6dbcb38f254b999 | ||
JJ Johit Jithendran | unknown_da7f1f6e799045d1a | |||
AG Anirudh Garud | unknown_654cd649fd784a05b | |||
SD Sunil Diwakar | unknown_fba4924f95d648f0a | |||
MS Milind Suresh Gokarna | unknown_6286f4a27287418f9 | |||
RB Rahul Bhalachandra Petkar | unknown_da617b1f9e4f4b5fb | |||
VK Vikram Karmarkar | unknown_7e37430d61694ccd8 | |||
MB Mega Bhadouria | unknown_0ad5a90f05e74478a | |||
SJ Soumya Jhawar | unknown_5371bbff3b764a259 |
Investor details for MedsOnWay
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 Medsonway Solutions Private Limited (MedsOnWay)
Medsonway Solutions Private Limited is the primary company behind MedsOnWay. The board of Medsonway Solutions Private Limited currently have 2 directors; the longest-serving is Prashant Raveendran Pillai, appointed in 2014. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prashant Raveendran Pillai DIN 06917181 | Director | 03 Sep 2014 | 12 yrs 1 mo | Medsonway Solutions Private Limited |
| Aniket Sanjay Bora DIN 03502079 | Director | 03 Sep 2014 | 12 yrs 1 mo | Medsonway Solutions Private Limited |
People of MedsOnWay
3 people are tracked at MedsOnWay (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
Garima Soni | Head Dietitian | Leadership |
Complete people profiles for MedsOnWay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of MedsOnWay
Figures of Medsonway Solutions Private Limited, the primary company behind MedsOnWay, for FY 2025. Revenue was ₹4.5 Lakh (-25% year on year). Net loss was -₹5.3 Lakh (-118% margin). EBITDA was ₹80,000 (18% margin). Revenue has grown at a compounded annual rate of -45% over three years and +25% over five years.
- ₹4.5 LakhRevenue · FY 2025 · -25% YoY
- -₹5.3 LakhNet loss · -118% margin
- ₹80,000EBITDA · 18% margin
- ₹1.8 LakhPaid-up capital
- 20Employees (provident fund records)
- -45%Revenue CAGR, 3 years
- +25%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Medsonway Solutions Private Limited are on its company page.
Detailed financial statements for MedsOnWay
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of MedsOnWay
4 dated milestones of MedsOnWay across 3 years, from founding to its latest funding, stage changes and deals.
- Founded MedsOnWay is founded.
- Funding First funding round of $24K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $270K.
Competitors of MedsOnWay
MedsOnWay has 3 listed competitors in our database, 3 of them funded. They include Tata 1mg, Netmeds and Truemeds.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| 1mg.com | 2015 | Delhi, India | $230.8M | 4,419 | Provider of an online pharmacy with doctor listing and teleconsultation services | |
| netmeds.com | 2015 | Chennai, India | $109M | 988 | Provider of an online store for medicines and healthcare products | |
| truemeds.in | 2019 | Mumbai, India | $112.97M | 345 | Provider of an online pharmacy and telehealth platform |
Detailed competitors of MedsOnWay
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Top companies in Digital Health & Telemedicine
3 companies that operate in the same segment as MedsOnWay (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 Medsonway
Complete news archive for MedsOnWay
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Frequently Asked Questions about MedsOnWay
MedsOnWay was founded in 2015.
MedsOnWay is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Aniket Bora is the CEO of MedsOnWay, as recorded in our data. They have also founded this company.
MedsOnWay is a funded company, having raised a total of $1.14M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $24.27K, raised on Aug 2015.
The primary company behind MedsOnWay, Medsonway Solutions Private Limited, reported revenue of ₹4.5 Lakh for FY 2025, down 25% year on year.
MedsOnWay was founded in 2015 in Pune, India, as an e-pharmacy platform. Medications are ordered by users through prescription uploads or drug name searches. Automated refill services are provided for chronic conditions including diabetes, cancer, and heart ailments. Both generic and branded medicines are available, with rewards offered for platform orders. Deliveries are completed within 24 hours.
MedsOnWay offers Flat Fee Rx Membership and Prescription Discount Programs.
MedsOnWay has 14 investors. Key investors include Abhishek Singh, Johit Jithendran, Anirudh Garud, Sunil Diwakar, and Milind Suresh Gokarna.
The valuation of MedsOnWay is $2.55M as of Apr 2018.
MedsOnWay operates through Medsonway Solutions Private Limited.
The legal entities of MedsOnWay currently have 2 directors, including Prashant Raveendran Pillai, Aniket Sanjay Bora.