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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investment and global platform support for startups.
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Venture capital firm backed by Mahindra group
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Seed-stage investments are targeted by Jacesa Investments venture capital firm.
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Investor details for Medwell Ventures
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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.
Investment portfolio details for Medwell Ventures
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Home health care services
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Complete acquisition details for Medwell Ventures
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Financial Statements - Medwell Ventures
Detailed financials for Medwell Ventures
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Medwell Ventures Comparisons
Peer comparison for Medwell Ventures
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of home wound care, IV therapy, and respiratory rehabilitation services
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Provider of assisted living, palliative & elder care, doctor house call, and rehabilitation therapy services
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Diversified home healthcare solutions are provided for older adults.
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Home medical support and ambulance services are provided.
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Offers home nursing, doctor visits, physiotherapy, and diagnostic services.
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Detailed competitors of Medwell Ventures
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Latest news on Medwell Ventures
Complete news archive for Medwell Ventures
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Frequently Asked Questions about Medwell Ventures
Medwell Ventures was founded in 2014.
Medwell Ventures is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Medwell Ventures is a funded company, having raised a total of $38.82M across 6 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Medwell Ventures is 77.
Annual revenue of Medwell Ventures is $8.85M as on Mar 31, 2023.
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.
Medwell Ventures's top competitors include Sukino, AthulyaSeniorCare and Geri Care.
Medwell Ventures has made 1 acquisition, including Nightingales Home Health Services.
Medwell Ventures has 27 investors. Key investors include HCAH, Eight Roads Ventures, Cytespace Research, Mahindra Partners, and Jacesa Investments.
The valuation of Medwell Ventures is $33.7M as of Feb 2022.