About NewLife Medicals
NewLife Medicals is a company based in Ahmedabad (India) founded in 2014 by Ankit Shah.. NewLife Medicals offers products and services including Comparator Drug Sourcing, Clinical Trial Supplies, Named Patient Program, and Export Services. NewLife Medicals operates in a competitive market with competitors including McKesson, Resilience, Entero Healthcare, BioAscent and Zhejiang Mingdu Zhikong Technology, among others.
- Headquarter Ahmedabad, India
- Founders Ankit Shah
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Sectors
Healthcare
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Phone
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Website
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Social
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- Legal Name New Life Medicals Private Limited
- Date of Incorporation 12 Jul, 2020
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$2.58 M (USD)18.82as on Mar 31, 2022
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Net Profit
$34 K (USD)30.9as on Mar 31, 2022
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EBITDA
$72.53 K (USD)63.98as on Mar 31, 2022
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Latest Funding Round
$220.53 K (USD), Grant
Oct 14, 2019
- Investors
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Employee Count
Employee Count
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Products & Services of NewLife Medicals
NewLife Medicals offers a comprehensive portfolio of products and services, including Comparator Drug Sourcing, Clinical Trial Supplies, Named Patient Program, and Export Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Sourcing reference listed drugs for pharmaceutical research and trials.
Providing global storage and distribution for clinical trial materials.
Facilitating access to specialty drugs for individual patient needs.
Handling finished dosage formulations and nutraceuticals for global markets.
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Leadership Team
1 people
Sales and Marketing
1 people
Human Resources and Administration
1 people
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Funding Insights of NewLife Medicals
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $220,526
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First Round
First Round
(14 Oct 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2019 | Amount | Grant - NewLife Medicals | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Investors in NewLife Medicals
NewLife Medicals has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 NewLife Medicals
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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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 |
Financial Statements - NewLife Medicals
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Newlife Medicals Comparisons
Competitors of NewLife Medicals
NewLife Medicals 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 McKesson, Resilience, Entero Healthcare, BioAscent and Zhejiang Mingdu Zhikong Technology, 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 |
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| domain | founded_year | HQ Location |
Products and services are provided in the healthcare industry.
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Supply chain services for biopharma sector are provided.
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India's leading healthcare products distribution platform
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Compound management solutions are offered for drug discovery processes.
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AI-based logistics services are provided in Hangzhou, China.
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Life sciences and supply chain management services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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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Frequently Asked Questions about NewLife Medicals
When was NewLife Medicals founded?
NewLife Medicals was founded in 2014 and raised its 1st funding round 5 years after it was founded.
Where is NewLife Medicals located?
NewLife Medicals is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Who is the current CEO of NewLife Medicals?
Dipankar Dutta is the current CEO of NewLife Medicals.
What is the annual revenue of NewLife Medicals?
Annual revenue of NewLife Medicals is $2.58M as on Mar 31, 2022.
What does NewLife Medicals do?
NewLife Medicals was established in 2014 in Ahmedabad, India, within the pharmaceutical sector. Global sourcing activities are managed to support industry needs, while supply chain partnerships are facilitated for enhanced reliability. A range of pharmaceutical requirements is addressed through integrated operations, serving as a centralized resource for procurement and logistics in the region.
Who are the top competitors of NewLife Medicals?
NewLife Medicals's top competitors include Entero Healthcare, McKesson and Resilience.
What products or services does NewLife Medicals offer?
NewLife Medicals offers Comparator Drug Sourcing, Clinical Trial Supplies, Named Patient Program, and Export Services.
Who are NewLife Medicals's investors?
NewLife Medicals has 1 investor. Key investors include European Union.