About MrMed
MrMed is a Healthcare company based in Chennai (India) founded in 2021 by Manjunatha K Adiga, Devashish Singh, and Saurab Jain. Life-saving medications are delivered via an online pharmacy platform. MrMed has raised $988.62 thousand across 3 funding rounds from investors including Narayana group, TNIFMC and Beej Network. The company has 47 employees. Its chief executive, as recorded, is Devashish Singh. Its website mrmed.in draws about 433 thousand monthly visits. Its Indian entity Eazymed Technologies Private Limited reported revenue of ₹23.91 Cr. Its focus areas include HealthTech, Healthcare Booking Platforms, Pharmacies and Drugs. Its competitors include Tata 1mg, Netmeds and Truemeds; 3 of its 3 listed competitors have raised funding.
Company details
MrMed was founded in 2021 in Chennai, India, and functions as an online pharmacy in the healthcare sector. Prescribed and generic medicines for conditions including cancer, rheumatology, kidney disease, heart disorders, osteoporosis, and HIV are supplied. Services focused on medicine procurement and support for patient assistance programs are provided to aid adherence and access.
- Headquarters Chennai, India
- Employees 47
- Founders Manjunatha K Adiga, Devashish Singh, Saurab Jain
- SectorsHealthcare
- Website category Health
- Email••••••••
- Phone•••• ••••
- Website mrmed.in
- Social LinkedIn X Facebook Instagram
- Legal Name Eazymed Technologies Private Limited
- Date of Incorporation 20 Aug, 2020
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹23.91 Cr
FY 2024 · +51% YoY
- Net Loss-₹1.50 Cr
FY 2024 · -6% margin
- EBITDA-₹1.24 Cr
FY 2024 · -5% margin
- Total Equity Funding$988.62K (USD)
in 3 rounds
- InvestorsNarayana group
& 3 more
- Employee Count47
Associated legal entities of MrMed
MrMed operates through Eazymed Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Eazymed Technologies Private Limited CIN U51909TN2020PTC137231 | Active | 20 Aug 2020 | Chennai, Tamil Nadu | ₹23.9 Cr | 47 | 2 | View details |
Apps and channels of MrMed
MrMed publishes 1 mobile app with over 50K+ downloads.
Funding Insights of MrMed
MrMed has successfully raised a total of $988.62K across 3 strategic funding rounds. 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 $988,625
- Total Rounds 3
- First Round $488,625
(Jul 2023)
- Investors Count 4
All 3 funding rounds of MrMed 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 |
|---|---|---|---|---|---|
| Mar 2024 | Seed | – | – | ||
| Aug 2023 | $500,000 | Seed | – | – | |
| Jul 2023 | $488,625 | Seed | – | – |
4 investors in total: 4 institutional.
Investors in MrMed
MrMed has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Narayana group, TNIFMC and Beej Network.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in early-stage startups are made by Brand Capital. | brandcapital.co.in | Mumbai, India | ||
Investment management for thematic funds in affordable housing, emerging sectors, and climate initiatives. | 2015 | tnifmc.com | Chennai, India | |
Potato farming, grain marketing, and equipment services are provided in Maine. | 2022 | beejnetwork.com | Chennai, India | |
Operator of schools, coaching centers, and professional colleges | 1979 | narayanagroup.com | Hyderabad, India |
Investor details for MrMed
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Board of directors of Eazymed Technologies Private Limited (MrMed)
Eazymed Technologies Private Limited is the primary company behind MrMed. The board of Eazymed Technologies Private Limited currently have 2 directors; the longest-serving is Saurab Jain, appointed in 2020. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Saurab Jain DIN 07401309 | Director | 20 Aug 2020 | 6 yrs 2 mo | Eazymed Technologies Private Limited |
| Devashish Singh DIN 07901297 | Director | 31 Oct 2020 | 5 yrs 11 mo | Eazymed Technologies Private Limited |
People of MrMed
6 people are tracked at MrMed (5 in leadership, 1 in team); the tracked headcount is 47.
| Name | Role | Group |
|---|---|---|
Manjunatha K Adiga | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
Divya Jain | Administrative Head | Leadership |
Kartikeya Verma | Vice President - Product | Leadership |
Dinesh Kumar | Senior Operations Manager | Team |
Complete people profiles for MrMed
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Financials of MrMed
Figures of Eazymed Technologies Private Limited, the primary company behind MrMed, for FY 2024. Revenue was ₹23.91 Cr (+51% year on year). Net loss was -₹1.50 Cr (-6% margin). EBITDA was -₹1.24 Cr (-5% margin). Revenue has grown at a compounded annual rate of +557% over three years.
- ₹23.91 CrRevenue · FY 2024 · +51% YoY
- -₹1.50 CrNet loss · -6% margin
- -₹1.24 CrEBITDA · -5% margin
- ₹44.6 LakhPaid-up capital
- 47Employees (provident fund records)
- +557%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Eazymed Technologies Private Limited are on its company page.
Detailed financial statements for MrMed
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of MrMed
3 dated milestones of MrMed across 3 years, from founding to its latest funding, stage changes and deals.
- Founded MrMed is founded.
- Funding First funding round of $489K.
- Funding Latest funding round, Seed,.
Competitors of MrMed
MrMed has 3 listed competitors in our database, 3 of them funded. They include Tata 1mg, Netmeds and Truemeds.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| 1mg.com | 2015 | Delhi, India | $230.8M | 4,419 | Provider of an online pharmacy with doctor listing and teleconsultation services | |
| netmeds.com | 2015 | Chennai, India | $109M | 988 | Provider of an online store for medicines and healthcare products | |
| truemeds.in | 2019 | Mumbai, India | $112.97M | 345 | Provider of an online pharmacy and telehealth platform |
Detailed competitors of MrMed
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of MrMed
The website of MrMed (mrmed.in) receives about 432.6K visits a month and ranks #85,983 among all websites worldwide, #2,454 in Health.
- Monthly visits432.6K
▼ 11.6% vs previous month
- Unique visitors283.6K
per month
- Global rank#85,983
among all websites
- Category rank#2,454
Health · Health
- Bounce rate38%
- Pages per visit4.2
- Average visit1 min 31 sec
- DevicesDesktop 13% · Mobile 87%
Websites whose visitors overlap most with MrMed. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| platinumrx.in | 100% | 1.4M | #61,787 | View details | |
sayacare.in | sayacare.in | 96% | #121,538 | – | |
vitabiotics.in | vitabiotics.in | 93% | #727,026 | – | |
| 1mg.com | 92% | 44.9M | #1,062 | View details | |
| dawaadost.com | 90% | 105.4K | #297,555 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for MrMed
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- 40 similar websites
- Audience overlap
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- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Digital Health & Telemedicine
3 companies that operate in the same segment as MrMed (Digital Health & Telemedicine) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of an online pharmacy with doctor listing and teleconsultation services | 2015 | Delhi, Delhi, India | USD 199.65 M | USD 328.97 M | 5,212 | |
Online platform offering multiple healthcare services | 2013 | Bengaluru, Karnataka, India | USD 199.22 M | USD 62.4 M | 52 | |
An online marketplace for healthcare products is operated. | 2011 | Kolkata, West Bengal, India | USD 38.26 M |
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Related news about Mrmed
Complete news archive for MrMed
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Frequently Asked Questions about MrMed
MrMed was founded in 2021 and raised its 1st funding round 2 years after it was founded.
MrMed is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Devashish Singh is the CEO of MrMed, as recorded in our data. They have also founded this company.
MrMed is a funded company, having raised a total of $988.62K across 3 funding rounds to date. The company's 1st funding round was a Seed of $488.62K, raised on Jul 2023.
MrMed has 47 employees.
The primary company behind MrMed, Eazymed Technologies Private Limited, reported revenue of ₹23.91 Cr for FY 2024, up 51% year on year.
MrMed was founded in 2021 in Chennai, India, and functions as an online pharmacy in the healthcare sector. Prescribed and generic medicines for conditions including cancer, rheumatology, kidney disease, heart disorders, osteoporosis, and HIV are supplied. Services focused on medicine procurement and support for patient assistance programs are provided to aid adherence and access.
MrMed has 4 investors. Key investors include Narayana group, TNIFMC, Beej Network, and Brand Capital.
MrMed operates through Eazymed Technologies Private Limited.
The legal entities of MrMed currently have 2 directors, including Devashish Singh, Saurab Jain.
Yes. MrMed publishes MrMed Super-Specialty Pharmacy, with over 50,000 downloads.