About MrMed
MrMed is a company based in Chennai (India) founded in 2021 by Manjunatha K Adiga, Devashish Singh, and Saurab Jain.. MrMed has raised $988.62 thousand across 3 funding rounds from investors including Narayana group, TNIFMC and Beej Network. The company has 47 employees as of May 09, 2024. MrMed operates in a competitive market with competitors including Tata 1mg, Netmeds, Truemeds, PharmEasy and MedPlus, among others.
- Headquarter Chennai, India
- Employees 47 as on 09 May, 2024
- Founders Manjunatha K Adiga, Devashish Singh, Saurab Jain
-
Sectors
Healthcare
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Eazymed Technologies Private Limited
- Date of Incorporation 20 Aug, 2020
- Jurisdiction Chennai, Tamil Nadu, India
-
Annual Revenue
$1.91 M (USD)210.09as on Mar 31, 2023
-
Net Profit
$-265.58 K (USD)-131.34as on Mar 31, 2023
-
EBITDA
$-249.09 K (USD)-313.08as on Mar 31, 2023
-
Total Equity Funding
$988.62 K (USD)
in 3 rounds
-
Latest Funding Round
-
Investors
Narayana group
& 3 more
-
Employee Count
47
as on May 09, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Leadership Team
1 people
Administrative Team
1 people
Product Management Team
1 people
Operations Team
1 people
Unlock access to complete
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 Total Funding
- Total Rounds 3
- Last Round Last Round
-
First Round
First Round
(20 Jul 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Seed - MrMed | Valuation |
investors |
|
| Aug, 2023 | Amount | Seed - MrMed | Valuation |
investors |
|
| Jul, 2023 | Amount | Seed - MrMed | Valuation |
investors |
| 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 |
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. 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 |
|---|---|---|---|---|
|
Investments in early-stage startups are made by Brand Capital.
|
Founded Year | Domain | Location | |
|
Investment management for thematic funds in affordable housing, emerging sectors, and climate initiatives.
|
Founded Year | Domain | Location | |
|
Potato farming, grain marketing, and equipment services are provided in Maine.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by MrMed
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - MrMed
| 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 |
Mrmed Comparisons
Competitors of MrMed
MrMed 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 Tata 1mg, Netmeds, Truemeds, PharmEasy and MedPlus, 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 an online pharmacy with doctor listing and teleconsultation services
|
|
| domain | founded_year | HQ Location |
Provider of an online store for medicines and healthcare products
|
|
| domain | founded_year | HQ Location |
Provider of an online pharmacy and telehealth platform
|
|
| domain | founded_year | HQ Location |
Provider of an online pharmacy and healthcare platforms
|
|
| domain | founded_year | HQ Location |
Medicines and health products are retailed through pharmacy outlets.
|
|
| domain | founded_year | HQ Location |
An online marketplace for healthcare products is operated.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Mrmed
Frequently Asked Questions about MrMed
When was MrMed founded?
MrMed was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is MrMed located?
MrMed is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of MrMed?
Devashish Singh is the current CEO of MrMed. They have also founded this company.
Is MrMed a funded 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 20, 2023.
How many employees does MrMed have?
As of May 09, 2024, the latest employee count at MrMed is 47.
What is the annual revenue of MrMed?
Annual revenue of MrMed is $1.91M as on Mar 31, 2023.
What does MrMed do?
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.
Who are the top competitors of MrMed?
MrMed's top competitors include Tata 1mg, SastaSundar and PharmEasy.
Who are MrMed's investors?
MrMed has 4 investors. Key investors include Narayana group, TNIFMC, Beej Network, and Brand Capital.