About PlexusMD
PlexusMD is a company based in Ahmedabad (India) founded in 2014 by Binal Doshi, Rohan Desai, and Kinnar Shah.. 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 as of March 27, 2024. PlexusMD operates in a competitive market with competitors including Clipboard Health, MEDWING, Prolucent, Medley and Sittercity, among others.
- Headquarter Ahmedabad, India
- Employees 6 as on 27 Mar, 2024
- Founders Binal Doshi, Rohan Desai, Kinnar Shah
- 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
*********
- Legal Name Plexus Professionals Network Private Limited
- Date of Incorporation 27 Aug, 2014
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$199.07 K (USD)34.87as on Mar 31, 2023
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Net Profit
$-222.81 K (USD)30.22as on Mar 31, 2023
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EBITDA
$-219.28 K (USD)31.76as on Mar 31, 2023
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Total Equity Funding
$667.54 K (USD)
in 5 rounds
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Latest Funding Round
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Investors
ACT Grants
& 23 more
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Employee Count
6
as on Mar 27, 2024
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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 Total Funding
- Total Rounds 5
- Last Round Last Round
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First Round
First Round
(22 Jan 2016)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Grant - PlexusMD | Valuation |
investors |
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| Jun, 2021 | Amount | Seed - PlexusMD | Valuation | Chitranjan Patel | |
| Feb, 2019 | Amount | Seed - PlexusMD | Valuation | Chitranjan Patel |
| 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 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. 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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Seed capital grants are provided to incubate and accelerate innovations.
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Founded Year | Domain | Location | |
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Private equity investments are managed by the London-based firm.
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Founded Year | Domain | Location | |
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CP
Chitranjan Patel |
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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 PlexusMD
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - PlexusMD
| 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 |
Plexusmd Comparisons
Competitors of PlexusMD
PlexusMD 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 Clipboard Health, MEDWING, Prolucent, Medley and Sittercity, 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 |
A job board for nurses in healthcare sectors is operated.
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| domain | founded_year | HQ Location |
On-demand hiring platform for healthcare industry
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| domain | founded_year | HQ Location |
Workforce management solutions are offered to optimize healthcare staffing.
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| domain | founded_year | HQ Location |
Medley is engaged in creating future healthcare solutions through technology.
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| domain | founded_year | HQ Location |
Marketplace platform for caregivers
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| domain | founded_year | HQ Location |
Online job board for life science industry
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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 Plexusmd
Frequently Asked Questions about PlexusMD
When was PlexusMD founded?
PlexusMD was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is PlexusMD located?
PlexusMD is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Is PlexusMD a funded company?
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 $85.69K, raised on Jan 22, 2016.
How many employees does PlexusMD have?
As of Mar 27, 2024, the latest employee count at PlexusMD is 6.
What is the annual revenue of PlexusMD?
Annual revenue of PlexusMD is $199.07K as on Mar 31, 2023.
What does PlexusMD do?
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.
Who are the top competitors of PlexusMD?
PlexusMD's top competitors include Clipboard Health, Medley and Medely.
Who are PlexusMD's investors?
PlexusMD has 24 investors. Key investors include ACT Grants, Chitranjan Patel, Bhavik Patel, Minaxi Patel, and Pragnesh Patel.
What is PlexusMD's valuation?
The valuation of PlexusMD is $3.04M as of Jun 2021.