About PlusPin
PlusPin is a Healthcare company based in Hyderabad (India) founded in 2017. Provider of an online marketplace for diagnostic and home healthcare services. PlusPin has raised $737.85 thousand across 2 funding rounds from investors including Axilor Ventures, Ambicare Clinics and Indian Angel Network. The company has 12 employees. Its Indian entity Weeclu Solutions Private Limited reported revenue of ₹43.6 Lakh. Its focus areas include HealthTech, Healthcare Booking Platforms and Diversified. Its competitors include MediBuddy, Practo and API Holdings; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 2017 in Hyderabad, India, PlusPin functions as an online platform in the healthcare sector. Diagnostic tests and home healthcare services are facilitated through home sample collection and online result delivery. Appointments are booked, prescription records are maintained, and membership benefits cards are offered for accessing these services. Pharmacies are supported in managing retail operations, inpatient visits, and advertising.
- Headquarters Hyderabad, India
- Employees 12
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website pluspin.com
- Social LinkedIn X Facebook
- Legal Name Weeclu Solutions Private Limited
- Date of Incorporation 06 Dec, 2016
- Jurisdiction Ganjam, Odisha, India
- Annual Revenue₹43.6 Lakh
FY 2020 · +222% YoY
- Net Loss-₹1.48 Cr
FY 2020 · -339% margin
- EBITDA-₹1.42 Cr
FY 2020 · -326% margin
- Total Equity Funding$737.85K (USD)
in 2 rounds
- Latest Funding Round$737.85K (USD), Seed
Sep 2019
- InvestorsAxilor Ventures
& 7 more
- Employee Count12
Associated legal entities of PlusPin
PlusPin operates through Weeclu Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Weeclu Solutions Private Limited CIN U72900OR2016PTC026107 | Active | 06 Dec 2016 | Ganjam, Odisha | ₹0.4 Cr | 12 | 2 | View details |
Funding Insights of PlusPin
PlusPin has successfully raised a total of $737.85K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $737.85 thousand completed in September 2019. 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 $737,847
- Total Rounds 2
- Last Round Seed — $737,847
- Investors Count 8
All 2 funding rounds of PlusPin 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 |
|---|---|---|---|---|---|
| Sep 2019 | $737,847 | Seed | – | Indian Angel Network | |
| Oct 2018 | Seed | – | Axilor Ventures | – |
8 investors in total: 4 institutional and 4 angel.
Investors in PlusPin
PlusPin has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Axilor Ventures, Ambicare Clinics and Indian Angel Network.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Angel investor network investing in early-stage startups | iangroup.vc | Delhi, India | ||
Venture capital firm investing in early-stage startups in technology sectors. | 2014 | axilor.com | Bengaluru, India | |
Offers general medicine, diabetes care, internal medicine, and diagnostics in Kondapur. | ambicareclinics.com | Hyderabad, India | ||
SJ Sanjay Jesrani | Angel investor and entrepreneur, founder of Go North Ventures, ex-CEO of NetAmbit. | unknown_4a38288c12074c57a | ||
RA Rajan Anandan | Managing Director at Peak XV, ex-Google India head, prolific angel investor | unknown_bb40e3b3610d4b1ba | ||
KP Kiran Peddi | unknown_11ca3813851642b88 | |||
VT Vinay Tulla | unknown_89833f0bc1744be2b |
Investor details for PlusPin
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Weeclu Solutions Private Limited (PlusPin)
Weeclu Solutions Private Limited is the primary company behind PlusPin. The board of Weeclu Solutions Private Limited currently have 2 directors; the longest-serving is Gopal Krishna Panigrahy, appointed in 2018. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gopal Krishna Panigrahy DIN 08300841 | Whole-time director | 12 Dec 2018 | 7 yrs 10 mo | Weeclu Solutions Private Limited |
| Santosh Kumar Panda DIN 08300855 | Whole-time director | 12 Dec 2018 | 7 yrs 10 mo | Weeclu Solutions Private Limited |
Financials of PlusPin
Figures of Weeclu Solutions Private Limited, the primary company behind PlusPin, for FY 2020. Revenue was ₹43.6 Lakh (+222% year on year). Net loss was -₹1.48 Cr (-339% margin). EBITDA was -₹1.42 Cr (-326% margin).
- ₹43.6 LakhRevenue · FY 2020 · +222% YoY
- -₹1.48 CrNet loss · -339% margin
- -₹1.42 CrEBITDA · -326% margin
- ₹1.5 LakhPaid-up capital
- 12Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Weeclu Solutions Private Limited are on its company page.
Detailed financial statements for PlusPin
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Timeline of PlusPin
3 dated milestones of PlusPin across 2 years, from founding to its latest funding, stage changes and deals.
- Founded PlusPin is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $738K.
Competitors of PlusPin
PlusPin has 3 listed competitors in our database, 3 of them funded. They include MediBuddy, Practo and API Holdings.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| medibuddy.in | 2013 | Bengaluru, India | $193.12M | 1,192 | Online platform offering multiple healthcare services | |
| practo.com | 2008 | Bengaluru, India | $227.88M | Doctor appointments are booked and healthcare professionals are consulted online. | ||
| apiholdings.in | 2012 | Mumbai, India | $1.19B | 221 | Digital healthcare tools are offered for pharmacies and clinics management. |
Detailed competitors of PlusPin
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Digital Health & Telemedicine
3 companies that operate in the same segment as PlusPin (Digital Health & Telemedicine) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of an online pharmacy with doctor listing and teleconsultation services | 2015 | Delhi, Delhi, India | USD 199.65 M | USD 328.97 M | 5,212 | |
Online platform offering multiple healthcare services | 2013 | Bengaluru, Karnataka, India | USD 199.22 M | USD 62.4 M | 52 | |
An online marketplace for healthcare products is operated. | 2011 | Kolkata, West Bengal, India | USD 38.26 M |
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Related news about Pluspin
Complete news archive for PlusPin
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Frequently Asked Questions about PlusPin
PlusPin was founded in 2017 and raised its 1st funding round 1 year after it was founded.
PlusPin is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
PlusPin is a funded company, having raised a total of $737.85K across 2 funding rounds to date.
PlusPin has 12 employees.
The primary company behind PlusPin, Weeclu Solutions Private Limited, reported revenue of ₹43.6 Lakh for FY 2020, up 222% year on year.
Founded in 2017 in Hyderabad, India, PlusPin functions as an online platform in the healthcare sector. Diagnostic tests and home healthcare services are facilitated through home sample collection and online result delivery. Appointments are booked, prescription records are maintained, and membership benefits cards are offered for accessing these services. Pharmacies are supported in managing retail operations, inpatient visits, and advertising.
PlusPin's top competitors include MediBuddy, Practo and API Holdings.
PlusPin has 8 investors. Key investors include Axilor Ventures, Ambicare Clinics, Indian Angel Network, Sanjay Jesrani, and Rajan Anandan.
PlusPin operates through Weeclu Solutions Private Limited.
The legal entities of PlusPin currently have 2 directors, including Gopal Krishna Panigrahy, Santosh Kumar Panda.