About MedTrail
MedTrail is a company based in Delhi (India) founded in 2017. It operates as a SaaS, and B2B. MedTrail has raised $4.44 million across 2 funding rounds from investors including LetsVenture, STRIVE and Elevation Capital. The company has 6 employees as of May 31, 2021. MedTrail offers products and services including Smart Assistant, Electronic Medical Records, Patient Outreach, Prescription Analytics, and Cross Departmental Collaboration. MedTrail operates in a competitive market with competitors including Augmedix, Suki, Abridge Inc, Heidi and DeliverHealth Solutions, among others.
- Headquarter Delhi, India
- Employees 6 as on 31 May, 2021
- Stage Minicorn
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Sectors
HealthcareTechnology
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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
$3.5 K (USD)0as on Mar 31, 2023
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Net Profit
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EBITDA
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Total Equity Funding
$4.44 M (USD)
in 2 rounds
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Latest Funding Round
$3.51 M (USD), Series A
Sep 13, 2019
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Investors
LetsVenture
& 8 more
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Employee Count
6
as on May 31, 2021
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Products & Services of MedTrail
MedTrail offers a comprehensive portfolio of products and services, including Smart Assistant, Electronic Medical Records, Patient Outreach, Prescription Analytics, and Cross Departmental Collaboration. 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.
Digitizes handwritten prescriptions with minimal effort for doctors.
Automates patient records for mobile access and regulatory compliance.
Sends digitized prescriptions and content to patients in real time.
Tracks prescribed medicines and tests for informed decision-making.
Facilitates real-time sharing of digitized data across hospital departments.
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Funding Insights of MedTrail
MedTrail has successfully raised a total of $4.44M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.51 million completed in September 2019. 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 Series A — $3.5M
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First Round
First Round
(29 Jan 2019)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Series A - MedTrail | Valuation | Elevation Capital , SAIF Partners | |
| Jan, 2019 | Amount | Seed - MedTrail | Valuation | STRIVE , Jamil Ahmed Khatri |
| 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 MedTrail
MedTrail has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include LetsVenture, STRIVE and Elevation Capital. 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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Venture capital support is provided to seed and early-stage startups.
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Founded Year | Domain | Location | |
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Elevation Capital is focused on early-stage tech investments in India.
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Founded Year | Domain | Location | |
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Single-family office and venture capital firm focused on multiple 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 MedTrail
| 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 - MedTrail
| 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 |
Medtrail Comparisons
Competitors of MedTrail
MedTrail 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 Augmedix, Suki, Abridge Inc, Heidi and DeliverHealth Solutions, 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 |
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| domain | founded_year | HQ Location |
AI-powered solutions for medical documentation and clinical support are delivered.
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| domain | founded_year | HQ Location |
AI-backed voice solutions for medical documentation are provided.
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| domain | founded_year | HQ Location |
AI-based platform for recording and managing health conversations is provided.
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| domain | founded_year | HQ Location |
An AI medical scribe is developed for clinical documentation automation.
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| domain | founded_year | HQ Location |
EHR management software is provided for healthcare professionals and organizations.
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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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Frequently Asked Questions about MedTrail
When was MedTrail founded?
MedTrail was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is MedTrail located?
MedTrail is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Is MedTrail a funded company?
MedTrail is a funded company, having raised a total of $4.44M across 2 funding rounds to date. The company's 1st funding round was a Seed of $925.05K, raised on Jan 29, 2019.
How many employees does MedTrail have?
As of May 31, 2021, the latest employee count at MedTrail is 6.
What is the annual revenue of MedTrail?
Annual revenue of MedTrail is $3.5K as on Mar 31, 2023.
What does MedTrail do?
MedTrail offers AI-driven solutions to digitize handwritten prescriptions and manage electronic medical records without disrupting workflows. It enables real-time patient outreach and analytics for doctors and hospitals across specialties. Based in New Delhi, India, the platform improves regulatory compliance, collaboration, and decision-making through automated tools, serving over 2000 doctors in 6 cities.
Who are the top competitors of MedTrail?
MedTrail's top competitors include Augmedix, Abridge Inc and Suki.
What products or services does MedTrail offer?
MedTrail offers Smart Assistant, Electronic Medical Records, Patient Outreach, Prescription Analytics, and Cross Departmental Collaboration.
Who are MedTrail's investors?
MedTrail has 9 investors. Key investors include LetsVenture, STRIVE, Elevation Capital, Elevation Capital, and Diversity Middle East.
What is MedTrail's valuation?
The valuation of MedTrail is $14.09M as of Sep 2019.
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