About Medwell Ventures
Medwell Ventures is a Healthcare company based in Bengaluru (India) founded in 2014 by Vishal Bali and Ferzaan Engineer, and was acquired by HCAH in April 2023. Home healthcare services are provided to chronic disease patients. 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. Medwell Ventures has completed 1 acquisition, including Nightingales Home Health Services. Medwell Ventures was last valued at $33.7 million in February 2022. Its Indian entity Medwell Ventures Private Limited reported revenue of ₹17.84 Cr. Its focus areas include Home Healthcare and Diversified. Its competitors include Sukino, AthulyaSeniorCare and Geri Care; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Employees 77
- Founders Vishal Bali, Ferzaan Engineer
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Website medwellventures.com
- Social LinkedIn
- Acquired by HCAH (Apr 2023)
- Legal Name Medwell Ventures Private Limited
- Date of Incorporation 11 Mar, 2014
- Jurisdiction Delhi, India
Associated legal entities of Medwell Ventures
Medwell Ventures operates through Medwell Ventures Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Medwell Ventures Private Limited CIN U85100DL2014PTC429322 | Active | 11 Mar 2014 | New Delhi, Delhi | ₹17.8 Cr | 77 | 2 | View details |
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 $38.82M
- Total Rounds 6
- Last Round Series B — $691,360
- First Round $3M
(Apr 2014)
- Investors Count 26
All 6 funding rounds of Medwell Ventures with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2022 | $691,360 | Series B | $33.7M | Cytespace Research | – |
| Jan 2020 | $3.44M | Series B | $52.65M | Eight Roads Ventures, Mahindra Partners | |
| Apr 2017 | $21.04M | Series B | $••••• | Mahindra Partners | |
| Jun 2015 | $10M | Series A | $••••• | Eight Roads Ventures | |
| Sep 2014 | $656,396 | Series A | $••••• | Endeavour Investments | |
| Apr 2014 | $3M | Series A | $••••• | Oppel Greeff |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2022 | $33.7M | •••••••• |
| Jan 2020 | $52.65M | •••••••• |
| Apr 2017 | $••••• | •••••••• |
| Jun 2015 | $••••• | •••••••• |
| Sep 2014 | $••••• | •••••••• |
| Apr 2014 | $••••• | •••••••• |
Full valuation and stage history of Medwell Ventures
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Verified entity values are shown only after access is granted.
Last known valuation $33.7M (Feb 2022). 27 investors in total: 11 institutional and 16 angel.
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 |
|---|---|---|---|---|
Venture capital investment and global platform support for startups. | 2008 | eightroads.com | London, United Kingdom | |
Venture capital firm backed by Mahindra group | mahindrapartners.com | Mumbai, India | ||
Seed-stage investments are targeted by Jacesa Investments venture capital firm. | jacesainvestments.tcc.mode | Zug, Switzerland | ||
Venture capital is provided to tech startups by the fund. | antelopesummitinvestments.tcc.mode | Road Town, British Virgin Islands | ||
Investments in early-stage startups are made by Brand Capital. | brandcapital.co.in | Mumbai, India | ||
Investments in life sciences, technology, healthtech, and crypto sectors from global locations. | fprimecapital.com | |||
Growth equity is provided by a sector-agnostic private equity firm. | endeavour.investments | Belfast, United Kingdom | ||
Healthcare sectors are targeted by Oikos Asia Healthcare investments. | oikosasiahealthcare.tcc.mode | Hong Kong, China | ||
Early-stage investments are targeted by Corel Traders venture capital firm. | coreltraders.tcc.mode | |||
Site-solutions organization offering its services in India, Africa and Singapore | 2011 | cytespace.com | Bengaluru, India |
Investor details for Medwell Ventures
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Board of directors of Medwell Ventures Private Limited (Medwell Ventures)
Medwell Ventures Private Limited is the primary company behind Medwell Ventures. The board of Medwell Ventures Private Limited currently have 2 directors; the longest-serving is Ankit Kumar Goel, appointed in 2024. 23 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ankit Kumar Goel DIN 09692314 | Director | 24 May 2024 | 2 yrs 5 mo | Medwell Ventures Private Limited |
| Gaurav Thukral DIN 08706614 | Director | 06 Jun 2025 | 1 yr 4 mo | Medwell Ventures Private Limited |
People of Medwell Ventures
2 people are tracked at Medwell Ventures (2 in leadership); the tracked headcount is 77.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Chairman | Leadership | |
| Co-Founder & Co-Chairman | Leadership |
Complete people profiles for Medwell Ventures
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Financials of Medwell Ventures
Figures of Medwell Ventures Private Limited, the primary company behind Medwell Ventures, for FY 2023. Revenue was ₹17.84 Cr (-2% year on year). Net loss was -₹36.97 Cr. EBITDA was -₹29.45 Cr. Revenue has grown at a compounded annual rate of +33% over three years and +17% over five years.
- ₹17.84 CrRevenue · FY 2023 · -2% YoY
- -₹36.97 CrNet loss
- -₹29.45 CrEBITDA
- ₹72.43 CrPaid-up capital
- 77Employees (provident fund records)
- +33%Revenue CAGR, 3 years
- +17%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Medwell Ventures Private Limited are on its company page.
Detailed financial statements for Medwell Ventures
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Home health care services | nightingales.in | Hyderabad, India | 1996 | Apr 2014 | •••• |
Complete acquisition details for Medwell Ventures
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Medwell Ventures
6 dated milestones of Medwell Ventures across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Medwell Ventures is founded.
- Funding First funding round of $3.0M.
- Milestone Reaches Minicorn status.
- Acquisition Acquires Nightingales Home Health Services.
- Funding Latest funding round, Series B, of $691K.
- Exit Acquired by HCAH.
Competitors of Medwell Ventures
Medwell Ventures has 3 listed competitors in our database, 3 of them funded. They include Sukino, AthulyaSeniorCare and Geri Care.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sukino.com | 2015 | Bengaluru, India | $7.47M | 503 | Provider of home wound care, IV therapy, and respiratory rehabilitation services | |
| athulyaseniorcare.com | 2014 | Chennai, India | $11.25M | 538 | Provider of assisted living, palliative & elder care, doctor house call, and rehabilitation therapy services | |
| gericare.in | 2018 | Chennai, India | $15.48M | 456 | Diversified home healthcare solutions are provided for older adults. |
Detailed competitors of Medwell Ventures
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Top companies in Home & Rehabilitation Care
2 companies that operate in the same segment as Medwell Ventures (Home & Rehabilitation Care) in India, ranked by their profile score on The Company Check.
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Related news about 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. The company's 1st funding round was a Series A of $3M, raised on Apr 2014.
Medwell Ventures has 77 employees.
The primary company behind Medwell Ventures, Medwell Ventures Private Limited, reported revenue of ₹17.84 Cr for FY 2023, down 2% year on year.
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.
Medwell Ventures operates through Medwell Ventures Private Limited.
Yes. Medwell Ventures was acquired by HCAH in April 2023.