About Medvantage
Medvantage was founded in 2001 and is based in Mumbai, India. Administrative services for the healthcare sector are delivered, with a focus on claims processing, account management, and related functions. Third-party administration for medical benefits is managed to support operational efficiency. The companys domain, medvantagetpa.com, facilitates online interactions. Core activities are conducted primarily in India, addressing administrative requirements for healthcare providers and clients.
- Headquarter Mumbai, India
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name I Health Care Tpa Services Pvt Ltd
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Annual Revenue
$4.36 M (USD)16as on Mar 31, 2022
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Net Profit
$147.68 K (USD)-23as on Mar 31, 2022
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EBITDA
$243.48 K (USD)-15as on Mar 31, 2022
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Medi Assist
(Sep 26, 2022)
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Funding Insights of Medvantage
| 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 Medvantage
Medvantage has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Medi Assist. 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 benefits administration services for employees are managed online.
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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 Medvantage
| 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 - Medvantage
| 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 |
Medvantage Comparisons
Competitors of Medvantage
| 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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Frequently Asked Questions about Medvantage
When was Medvantage founded?
Medvantage was founded in 2001.
Where is Medvantage located?
Medvantage is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
What is the annual revenue of Medvantage?
Annual revenue of Medvantage is $4.36M as on Mar 31, 2022.
What does Medvantage do?
Medvantage was founded in 2001 and is based in Mumbai, India. Administrative services for the healthcare sector are delivered, with a focus on claims processing, account management, and related functions. Third-party administration for medical benefits is managed to support operational efficiency. The companys domain, medvantagetpa.com, facilitates online interactions. Core activities are conducted primarily in India, addressing administrative requirements for healthcare providers and clients.
Who are Medvantage's investors?
Medvantage has 1 investor. Key investors include Medi Assist.