About Niramai
Niramai is a company based in Bengaluru (India) founded in 2016 by Geetha Manjunath.. Niramai has raised $8.63 million across 9 funding rounds from investors including HCG, Kotak Mahindra Bank and Murata Manufacturing. The company has 51 employees as of April 07, 2024. Niramai offers products and services including Thermalytix, Niramai SMILE 100, and Mythri. Niramai operates in a competitive market with competitors including Vayyar, CairnSurgical, UE LifeSciences, CMR Naviscan and Dune Medical, among others.
- Headquarter Bengaluru, India
- Employees 51 as on 07 Apr, 2024
- Founders Geetha Manjunath
- 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 Niramai Health Analytix Private Limited
- Date of Incorporation 14 Jul, 2016
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$1.13 M (USD)63.94as on Mar 31, 2023
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Net Profit
$-1.42 M (USD)-4.24as on Mar 31, 2023
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EBITDA
$-1.82 M (USD)-11.57as on Mar 31, 2023
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Total Equity Funding
$8.63 M (USD)
in 9 rounds
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Latest Funding Round
$625.32 K (USD), Series A
Oct 21, 2023
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Investors
HCG
& 21 more
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Employee Count
51
as on Apr 07, 2024
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Products & Services of Niramai
Niramai offers a comprehensive portfolio of products and services, including Thermalytix, Niramai SMILE 100, and Mythri. 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.
AI-powered thermal imaging for early breast cancer detection.
FDA-cleared adjunct test for breast health analysis.
Low-cost tool for rapid breast health risk assessment.
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Funding Insights of Niramai
Niramai has successfully raised a total of $8.63M across 9 strategic funding rounds. The most recent funding activity was a Series A round of $625.32 thousand completed in October 2023. 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 9
- Last Round Series A — $625,316
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First Round
First Round
(30 Mar 2017)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series A - Niramai | Valuation | pi Ventures | |
| Jun, 2021 | Amount | Grant - Niramai | Valuation |
investors |
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| Oct, 2020 | Amount | Grant - Niramai | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Investors in Niramai
Niramai has secured backing from 22 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include HCG, Kotak Mahindra Bank and Murata Manufacturing. 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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Venture capital firm investing in early-stage startups in technology sectors.
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Founded Year | Domain | Location | |
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Deep-tech venture capital investments in early-stage companies.
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Founded Year | Domain | Location | |
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Indian fund focused on fintech, health, and climate initiatives.
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Founded Year | Domain | Location |
| Investor | Description | 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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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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 Niramai
| 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 - Niramai
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Niramai Comparisons
Competitors of Niramai
Niramai 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 Vayyar, CairnSurgical, UE LifeSciences, CMR Naviscan and Dune Medical, 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 |
Developer of 4D imaging sensors for cancer detection and other devices
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| domain | founded_year | HQ Location |
Developer of 3D printed surgical guides for breast cancer treatment
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| domain | founded_year | HQ Location |
Non-invasive devices for breast and cervical cancer screening are provided.
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| domain | founded_year | HQ Location |
High-resolution PET scanners for breast imaging are developed and manufactured.
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| domain | founded_year | HQ Location |
Intraoperative cancer detection devices are developed for real-time tissue assessment.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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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Latest news on Niramai
Frequently Asked Questions about Niramai
When was Niramai founded?
Niramai was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Niramai located?
Niramai is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Niramai?
Geetha Manjunath is the current CEO of Niramai. They have also founded this company.
Is Niramai a funded company?
Niramai is a funded company, having raised a total of $8.63M across 9 funding rounds to date. The company's 1st funding round was a Grant of $6.81K, raised on Mar 30, 2017.
How many employees does Niramai have?
As of Apr 07, 2024, the latest employee count at Niramai is 51.
What is the annual revenue of Niramai?
Annual revenue of Niramai is $1.13M as on Mar 31, 2023.
What does Niramai do?
Niramai was established in 2016 in Bengaluru, India, within the health technology sector. An artificial intelligence-driven medical device is provided for non-invasive breast cancer screening. Thermal imaging technology is employed to assess chest temperature variations, achieving detection accuracy comparable to conventional approaches without radiation exposure. Operations include hospital and clinic-based screenings, at-home options, and community camp services across various settings.
Who are the top competitors of Niramai?
Niramai's top competitors include CairnSurgical, UE LifeSciences and Micrima.
What products or services does Niramai offer?
Niramai offers Thermalytix, Niramai SMILE 100, and Mythri.
Who are Niramai's investors?
Niramai has 22 investors. Key investors include HCG, Kotak Mahindra Bank, Murata Manufacturing, T-Hub, and Ankur Capital.
What is Niramai's valuation?
The valuation of Niramai is $24.09M as of Oct 2023.