About MedTel Healthcare
MedTel Healthcare is a company based in Bengaluru (India) founded in 2016 by Ajit Choudhury, Timiresh Das, Siba Prasad Panda, and Lalit Ranjan Manik.. MedTel Healthcare has raised $996.16 thousand across 5 funding rounds from investors including Bharat Petroleum, KIIT Technology Business Incubator and Technology Development Board. The company has 22 employees as of March 28, 2024. MedTel Healthcare offers products and services including Population Health, Pregnancy Monitoring, Diabetes Management, and Hypertension Management. MedTel Healthcare operates in a competitive market with competitors including NuvoAir, Neurosynaptic, WuXi Diagnostics, Coagulo and Immune IQ, among others.
- Headquarter Bengaluru, India
- Employees 22 as on 28 Mar, 2024
- Founders Ajit Choudhury, Timiresh Das, Siba Prasad Panda, Lalit Ranjan Manik
- 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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- Legal Name Medtel Healthcare Private Limited
- Date of Incorporation 16 Feb, 2017
- Jurisdiction Bhubaneswar, Orissa, India
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Annual Revenue
$337.5 K (USD)149.6as on Mar 31, 2023
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Net Profit
$-236.1 K (USD)-2.97as on Mar 31, 2023
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EBITDA
$-154.44 K (USD)-1.43as on Mar 31, 2023
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Total Equity Funding
$996.16 K (USD)
in 5 rounds
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Latest Funding Round
$272.84 K (USD), Seed
May 28, 2022
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Investors
Bharat Petroleum
& 28 more
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Employee Count
22
as on Mar 28, 2024
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Products & Services of MedTel Healthcare
MedTel Healthcare offers a comprehensive portfolio of products and services, including Population Health, Pregnancy Monitoring, Diabetes Management, and Hypertension Management. 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.
Enables community health monitoring and analytics for care providers.
Supports expectant mothers with vital tracking and expert guidance.
Helps regulate blood sugar through connected devices and nudges.
Assists in tracking and controlling blood pressure remotely.
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Funding Insights of MedTel Healthcare
MedTel Healthcare has successfully raised a total of $996.16K across 5 strategic funding rounds. The most recent funding activity was a Seed round of $272.84 thousand completed in May 2022. 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 5
- Last Round Seed — $272,839
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First Round
First Round
(09 Feb 2018)
- Investors Count 29
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Seed - MedTel Healthcare | Valuation | 5 Digital | |
| Aug, 2021 | Amount | Seed - MedTel Healthcare | Valuation | 5 Digital | |
| Mar, 2021 | Amount | Seed - MedTel Healthcare | Valuation | Sibashis Dolai , D'valley Corporate Services |
| 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 MedTel Healthcare
MedTel Healthcare has secured backing from 29 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Bharat Petroleum, KIIT Technology Business Incubator and Technology Development Board. 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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Healthcare ventures are funded by 5 Digital's venture capital operations.
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Founded Year | Domain | Location | |
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Startups incubator by KIIT University
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Founded Year | Domain | Location | |
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Healthcare startups are screened and showcased for online investment.
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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 MedTel Healthcare
| 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 - MedTel Healthcare
| 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 |
Medtel Healthcare Comparisons
Competitors of MedTel Healthcare
MedTel Healthcare 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 NuvoAir, Neurosynaptic, WuXi Diagnostics, Coagulo and Immune IQ, 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 |
Clinical decision support tools for respiratory diseases are provided.
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| domain | founded_year | HQ Location |
ICT-based products and solutions are developed for healthcare.
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| domain | founded_year | HQ Location |
Diagnostic solutions for disease identification are offered to healthcare providers.
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| domain | founded_year | HQ Location |
Precision-medicine platform for blood coagulation disease diagnosis is offered.
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| domain | founded_year | HQ Location |
A point-of-care platform for diagnosing immune diseases is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Medtel Healthcare
Frequently Asked Questions about MedTel Healthcare
When was MedTel Healthcare founded?
MedTel Healthcare was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is MedTel Healthcare located?
MedTel Healthcare is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of MedTel Healthcare?
Lalit Ranjan Manik is the current CEO of MedTel Healthcare. They have also founded this company.
Is MedTel Healthcare a funded company?
MedTel Healthcare is a funded company, having raised a total of $996.16K across 5 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Feb 09, 2018.
How many employees does MedTel Healthcare have?
As of Mar 28, 2024, the latest employee count at MedTel Healthcare is 22.
What is the annual revenue of MedTel Healthcare?
Annual revenue of MedTel Healthcare is $337.5K as on Mar 31, 2023.
What does MedTel Healthcare do?
MedTel Healthcare was founded in 2016 in Bengaluru, India, within the healthcare technology sector. Digital tools for remote patient monitoring are provided to assist providers in health tracking and management. Services encompass patient diagnosis, predictive analytics, telehealth integration, and data handling. Operations focus on software solutions tailored for medical professionals across various care settings.
Who are the top competitors of MedTel Healthcare?
MedTel Healthcare's top competitors include Neurosynaptic, WuXi Diagnostics and NuvoAir.
What products or services does MedTel Healthcare offer?
MedTel Healthcare offers Population Health, Pregnancy Monitoring, Diabetes Management, and Hypertension Management.
Who are MedTel Healthcare's investors?
MedTel Healthcare has 29 investors. Key investors include Bharat Petroleum, KIIT Technology Business Incubator, Technology Development Board, Startup Odisha, and Metal Component Engineering.
What is MedTel Healthcare's valuation?
The valuation of MedTel Healthcare is $3.77M as of May 2022.