About PlexusMD
PlexusMD is a Healthcare company based in Ahmedabad (India) founded in 2014 by Binal Doshi, Rohan Desai, and Kinnar Shah. It operates as a professional network that connects medical professionals and healthcare organizations. PlexusMD has raised $667.54 thousand across 5 funding rounds from investors including ACT Grants, Chitranjan Patel and Bhavik Patel. The company has 6 employees. PlexusMD was last valued at $3.04 million in June 2021. Its Indian entity Plexus Professionals Network Private Limited reported revenue of ₹3.74 Cr. Its focus areas include HealthTech, Healthcare IT, Provider and Administrative Solutions. Its competitors include Clipboard Health, MEDWING, Prolucent, Medley and Sittercity and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
PlexusMD was established in 2014 in Ahmedabad, India, as a platform within the healthcare sector. Medical professionals and organizations are linked through features that facilitate career advancement and collaborative efforts. Services such as job searching, event coordination, and content distribution are offered to address needs in the medical field. Operations focus on supporting community interactions in a structured online environment.
- Headquarters Ahmedabad, India
- Employees 6
- Founders Binal Doshi, Rohan Desai, Kinnar Shah
- Stage Minicorn
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website plexusmd.com/404
- Social LinkedIn X Facebook
- Legal Name Plexus Professionals Network Private Limited
- Date of Incorporation 27 Aug, 2014
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹3.74 Cr
FY 2025 · +87% YoY
- Net Loss-₹30.9 Lakh
FY 2025 · -8% margin
- EBITDA₹12.2 Lakh
FY 2025 · 3% margin
- Total Equity Funding$667.54K (USD)
in 5 rounds
- InvestorsACT Grants
& 23 more
- Employee Count6
Associated legal entities of PlexusMD
PlexusMD operates through Plexus Professionals Network Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Plexus Professionals Network Private Limited CIN U74910GJ2014PTC080605 | Active | 27 Aug 2014 | Ahmedabad, Gujarat | ₹3.7 Cr | 6 | 4 | View details |
Funding Insights of PlexusMD
PlexusMD has successfully raised a total of $667.54K across 5 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 $667,539
- Total Rounds 5
- First Round $264,798
(Jan 2016)
- Investors Count 24
All 5 funding rounds of PlexusMD 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 |
|---|---|---|---|---|---|
| Jun 2022 | – | Grant | – | – | |
| Jun 2021 | $134,764 | Seed | $3.04M | Chitranjan Patel | |
| Feb 2019 | $85,694 | Seed | $2.16M | Chitranjan Patel | |
| Mar 2017 | $182,283 | Seed | $••••• | Chitranjan Patel, Ramesh Kancharla | |
| Jan 2016 | $264,798 | Seed | $••••• | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2021 | $3.04M | •••••••• |
| Feb 2019 | $2.16M | •••••••• |
| Mar 2017 | $••••• | •••••••• |
Full valuation and stage history of PlexusMD
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $3.04M (Jun 2021). 24 investors in total: 2 institutional and 22 angel.
Investors in PlexusMD
PlexusMD has secured backing from 24 investors, including venture fund and angel investors. Prominent investors backing the company include ACT Grants, Chitranjan Patel and Bhavik Patel.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed capital grants are provided to incubate and accelerate innovations. | 2020 | actgrants.in | Bengaluru, India | |
Private equity investments are managed by the London-based firm. | – | ccalphagroup.co.uk | London, United Kingdom | |
CP Chitranjan Patel | - | – | unknown_bc3b469d881340d5a | - |
BP Bhavik Patel | Angel investor and entrepreneur, co-founder of LenDenClub, focused on fintech innovations. | – | unknown_ab7019280db842579 | - |
MP Minaxi Patel | - | – | unknown_dba47b7d95c546408 | - |
PP Pragnesh Patel | - | – | unknown_c500ad5a73d342508 | - |
BP Biren Patel | Angel investor and entrepreneur, focused on tech startups in India. | – | unknown_4ba9aedef3b14c489 | - |
PA Pavan A Bakeri | - | – | unknown_eef09e673b2a4acab | - |
MT Munir Thakor | - | – | unknown_71b3665961b94089a | - |
MP Mita Patel | - | – | unknown_044d79ba7a4e48de9 | - |
Investor details for PlexusMD
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Board of directors of Plexus Professionals Network Private Limited (PlexusMD)
Plexus Professionals Network Private Limited is the primary company behind PlexusMD. The board of Plexus Professionals Network Private Limited currently have 4 directors; the longest-serving is Shachi Rohan Desai, appointed in 2014.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shachi Rohan Desai DIN 06899385 | Director | 27 Aug 2014 | 12 yrs 1 mo | Plexus Professionals Network Private Limited |
| Mahadevbhai Thakorbhai Desai DIN 06887825 | Director | 27 Aug 2014 | 12 yrs 1 mo | Plexus Professionals Network Private Limited |
| Rohan Mahadevbhai Desai DIN 06890431 | Director | 27 Aug 2014 | 12 yrs 1 mo | Plexus Professionals Network Private Limited |
| Munir Madhukarbhai Thakor DIN 00526523 | Director | 01 Aug 2017 | 9 yrs 2 mo | Plexus Professionals Network Private Limited |
People of PlexusMD
3 people are tracked at PlexusMD (3 in leadership); the tracked headcount is 6.
| Name | Role | Group |
|---|---|---|
Binal Doshi | Co-Founder | Leadership |
| Founder | Leadership | |
Kinnar Shah | Co-Founder & CPO | Leadership |
Complete people profiles for PlexusMD
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of PlexusMD
Figures of Plexus Professionals Network Private Limited, the primary company behind PlexusMD, for FY 2025. Revenue was ₹3.74 Cr (+87% year on year). Net loss was -₹30.9 Lakh (-8% margin). EBITDA was ₹12.2 Lakh (3% margin). Revenue has grown at a compounded annual rate of +45% over three years and +6% over five years.
- ₹3.74 CrRevenue · FY 2025 · +87% YoY
- -₹30.9 LakhNet loss · -8% margin
- ₹12.2 LakhEBITDA · 3% margin
- ₹57.5 LakhPaid-up capital
- 6Employees (provident fund records)
- +45%Revenue CAGR, 3 years
- +6%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Plexus Professionals Network Private Limited are on its company page.
Detailed financial statements for PlexusMD
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of PlexusMD
4 dated milestones of PlexusMD across 8 years, from founding to its latest funding, stage changes and deals.
- Founded PlexusMD is founded.
- Funding First funding round of $265K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Grant,.
Competitors of PlexusMD
PlexusMD has 9 listed competitors in our database, 8 of them funded. They include Clipboard Health, MEDWING, Prolucent, Medley and Sittercity, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| clipboardhealth.com | 2016 | San Francisco, United States | $80.12M | – | A job board for nurses in healthcare sectors is operated. | |
| medwing.com | 2002 | Berlin, Germany | $77.66M | 100 | On-demand hiring platform for healthcare industry | |
| prolucent.com | 2018 | Dallas, United States | $15.5M | – | Workforce management solutions are offered to optimize healthcare staffing. | |
| medley.jp | 2009 | Tokyo, Japan | $4.4M | – | Medley is engaged in creating future healthcare solutions through technology. | |
| sittercity.com | 2001 | Chicago, United States | $43.1M | 38 | Marketplace platform for caregivers | |
| biospace.com | 1985 | Urbandale, United States | $10M | 16 | Online job board for life science industry | |
| medely.com | 2015 | Santa Monica, United States | – | 330 | Nurses are sourced on-demand via a platform for healthcare providers. | |
| goodwrx.com | 2021 | Las Vegas, United States | $4M | – | Tech enabled platform that connects hospitality workers | |
| florence.co.uk | 2016 | London, United Kingdom | $41.34M | 56 | Workforce management solutions are provided for health and care organizations. |
Detailed competitors of PlexusMD
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Top companies in Clinical IT & Data Platforms
10 companies that operate in the same segment as PlexusMD (Clinical IT & Data Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru, Karnataka, India | USD 713.57 M | – | – | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 233 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | – | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 508.73 M | – | – | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, France | USD 863.12 M | – | – | |
Virtual care programs for managing chronic diseases are provided. | 2011 | San Francisco, California, United States | USD 450.12 M | USD 260.21 M | – | |
AI-driven EMR and practice management software is delivered for clinics. | 2010 | Boca Raton, Florida, United States | USD 329.17 M | – | – | |
Cloud-based administrative tools for healthcare providers are offered. | 1997 | Watertown, United States | USD 40 M | – | – | |
Membership-based primary care platform is offered for employees and consumers. | 2007 | San Francisco, California, United States | USD 402.56 M | – | – |
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Related news about Plexusmd
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Frequently Asked Questions about PlexusMD
PlexusMD was founded in 2014 and raised its 1st funding round 2 years after it was founded.
PlexusMD is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
PlexusMD is a funded company, having raised a total of $667.54K across 5 funding rounds to date. The company's 1st funding round was a Seed of $264.8K, raised on Jan 2016.
PlexusMD has 6 employees.
The primary company behind PlexusMD, Plexus Professionals Network Private Limited, reported revenue of ₹3.74 Cr for FY 2025, up 87% year on year.
PlexusMD was established in 2014 in Ahmedabad, India, as a platform within the healthcare sector. Medical professionals and organizations are linked through features that facilitate career advancement and collaborative efforts. Services such as job searching, event coordination, and content distribution are offered to address needs in the medical field. Operations focus on supporting community interactions in a structured online environment.
PlexusMD's top competitors include Clipboard Health, Medley and Medely.
PlexusMD has 24 investors. Key investors include ACT Grants, Chitranjan Patel, Bhavik Patel, Minaxi Patel, and Pragnesh Patel.
The valuation of PlexusMD is $3.04M as of Jun 2021.
PlexusMD operates through Plexus Professionals Network Private Limited.
The legal entities of PlexusMD currently have 4 directors, including Shachi Rohan Desai, Mahadevbhai Thakorbhai Desai, Rohan Mahadevbhai Desai and others.