About Medwell Ventures
Medwell Ventures is a company based in Bengaluru (India) founded in 2014 by Vishal Bali and Ferzaan Engineer was acquired by HCAH in April 2023.. Medwell Ventures has raised $38.82 million across 6 funding rounds from investors including HCAH, Eight Roads Ventures and Cytespace Research. The company has 77 employees as of April 05, 2024. Medwell Ventures has completed 1 acquisition, including Nightingales Home Health Services. Medwell Ventures operates in a competitive market with competitors including Sukino, AthulyaSeniorCare, Geri Care, HanumanCare and Apollo HomeCare, among others.
- Headquarter Bengaluru, India
- Employees 77 as on 05 Apr, 2024
- Founders Vishal Bali, Ferzaan Engineer
- 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 Medwell Ventures Private Limited
- Date of Incorporation 11 Mar, 2014
- Jurisdiction Delhi, India
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Annual Revenue
$8.85 M (USD)-2as on Mar 31, 2023
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Net Profit
$-1 M (USD)28.11as on Mar 31, 2023
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EBITDA
$-465.67 K (USD)34.9as on Mar 31, 2023
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Total Equity Funding
$38.82 M (USD)
in 6 rounds
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Latest Funding Round
$691.36 K (USD), Series B
Feb 18, 2022
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Investors
HCAH
& 26 more
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Employee Count
77
as on Apr 05, 2024
- Investments & Acquisitions
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Acquired by
HCAH
(Apr 26, 2023)
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Funding Insights of Medwell Ventures
Medwell Ventures has successfully raised a total of $38.82M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $691.36 thousand completed in February 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 6
- Last Round Series B — $691,360
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First Round
First Round
(21 Apr 2014)
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series B - Medwell Ventures | Valuation | Cytespace Research |
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| Jan, 2020 | Amount | Series B - Medwell Ventures | Valuation | Eight Roads Ventures , Mahindra Partners | |
| Apr, 2017 | Amount | Series B - Medwell Ventures | Valuation | Mahindra Partners |
| 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 Medwell Ventures
Medwell Ventures has secured backing from 27 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include HCAH, Eight Roads Ventures and Cytespace Research. 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 investment and global platform support for startups.
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Founded Year | Domain | Location | |
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Venture capital firm backed by Mahindra group
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Founded Year | Domain | Location | |
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Seed-stage investments are targeted by Jacesa Investments venture capital firm.
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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 Medwell Ventures
Medwell Ventures has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Nightingales Home Health Services. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Home health care services
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Medwell Ventures
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Medwell Ventures Comparisons
Competitors of Medwell Ventures
Medwell Ventures 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 Sukino, AthulyaSeniorCare, Geri Care, HanumanCare and Apollo HomeCare, 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 home wound care, IV therapy, and respiratory rehabilitation services
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| domain | founded_year | HQ Location |
Provider of assisted living, palliative & elder care, doctor house call, and rehabilitation therapy services
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| domain | founded_year | HQ Location |
Diversified home healthcare solutions are provided for older adults.
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| domain | founded_year | HQ Location |
Home medical support and ambulance services are provided.
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| domain | founded_year | HQ Location |
Offers home nursing, doctor visits, physiotherapy, and diagnostic services.
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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 Medwell Ventures
Frequently Asked Questions about Medwell Ventures
When was Medwell Ventures founded?
Medwell Ventures was founded in 2014.
Where is Medwell Ventures located?
Medwell Ventures is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Medwell Ventures a funded company?
Medwell Ventures is a funded company, having raised a total of $38.82M across 6 funding rounds to date. The company's 1st funding round was a Series B of $21.04M, raised on Apr 21, 2014.
How many employees does Medwell Ventures have?
As of Apr 05, 2024, the latest employee count at Medwell Ventures is 77.
What is the annual revenue of Medwell Ventures?
Annual revenue of Medwell Ventures is $8.85M as on Mar 31, 2023.
What does Medwell Ventures do?
Medwell Ventures was established in 2014 and is headquartered in Bengaluru, India. Operations center on delivering in-home healthcare to individuals managing chronic conditions. Services encompass nursing care, physiotherapy sessions, rental of medical equipment, laboratory testing, and consultations with doctors. The focus remains on the healthcare sector, with all care administered directly at patients residences to support ongoing medical needs.
Who are the top competitors of Medwell Ventures?
Medwell Ventures's top competitors include Sukino, AthulyaSeniorCare and Geri Care.
How many acquisitions has Medwell Ventures made?
Medwell Ventures has made 1 acquisition, including Nightingales Home Health Services.
Who are Medwell Ventures's investors?
Medwell Ventures has 27 investors. Key investors include HCAH, Eight Roads Ventures, Cytespace Research, Mahindra Partners, and Jacesa Investments.
What is Medwell Ventures's valuation?
The valuation of Medwell Ventures is $33.7M as of Feb 2022.