About Portea
Portea is a company based in Bengaluru (India) founded in 2013 by Ganesh Krishnan, Meena Ganesh, and Vaibhav Tewari.. Portea has raised $92.81 million across 14 funding rounds from investors including Accel, International Finance Corporation and Alteria Capital. Portea has completed 2 acquisitions, including Medybiz Pharma and PSTakeCare. Portea offers products and services including Physiotherapy, Nursing, Medical Equipment, and Doctor Consultation. Portea operates in a competitive market with competitors including HCAH, Bharath Home Medicare, Zoctr, Curodoc and Click2Clinic, among others.
- Headquarter Bengaluru, India
- Founders Ganesh Krishnan, Meena Ganesh, Vaibhav Tewari
- 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$92.81 M (USD)
in 14 rounds
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Latest Funding Round
$1.33 M (USD), Series D
Jun 18, 2024
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Investors
Accel
& 19 more
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Employee Count
Employee Count
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Investments & Acquisitions
Medybiz Pharma
& 1 more
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Products & Services of Portea
Portea offers a comprehensive portfolio of products and services, including Physiotherapy, Nursing, Medical Equipment, and Doctor Consultation. 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.
Home-based therapy for pain management and rehabilitation.
Professional nursing support for patient monitoring and care.
Supply and rental of equipment for home medical needs.
Remote and in-home doctor visits for health advice.
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Funding Insights of Portea
Portea has successfully raised a total of $92.81M across 14 strategic funding rounds. The most recent funding activity was a Series D round of $1.33 million completed in June 2024. 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 14
- Last Round Series D — $1.3M
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First Round
First Round
(12 Nov 2013)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series D - Portea | Valuation | Accel | |
| Jun, 2022 | Amount | Series D - Portea | Valuation | CRM Holdings | |
| Mar, 2022 | Amount | Series C - Portea | Valuation | Brand Capital |
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| 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 Portea
Portea has secured backing from 20 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Accel, International Finance Corporation and Alteria Capital. 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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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Government agency focused on small and medium-sized businesses
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Founded Year | Domain | Location | |
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Investments in early-stage startups are made by Brand Capital.
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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 Portea
Portea has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Medybiz Pharma and PSTakeCare. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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An online platform that lists doctors and facilitates appointment booking for patients.
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2015 | ||||
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Helps pharma companies with specialized distribution, prescription refill, therapy compliance support
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Portea
| 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 |
Portea Comparisons
Competitors of Portea
Portea 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 HCAH, Bharath Home Medicare, Zoctr, Curodoc and Click2Clinic, 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 |
Home healthcare services provider
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| domain | founded_year | HQ Location |
Home healthcare service provider
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| domain | founded_year | HQ Location |
Online platform for booking appointment
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| domain | founded_year | HQ Location |
Provider of home-based health care services
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| domain | founded_year | HQ Location |
Healthcare services are aggregated via an online booking platform.
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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 Portea
Frequently Asked Questions about Portea
When was Portea founded?
Portea was founded in 2013.
Where is Portea located?
Portea is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Portea?
Vaibhav Tewari is the current CEO of Portea. They have also founded this company.
Is Portea a funded company?
Portea is a funded company, having raised a total of $92.81M across 14 funding rounds to date. The company's 1st funding round was a Series C of $2.19M, raised on Nov 12, 2013.
What does Portea do?
Portea was founded in 2013 and is headquartered in Bengaluru, India. Operations focus on the healthcare sector, delivering services directly to patients homes to enhance accessibility. Nursing, physiotherapy, medical equipment rentals, attendant care, lab tests, consultations, and specialized options such as elder care, maternal and infant care, and critical care are offered. Collaborations with hospitals and medical professionals are maintained to support service quality.
Who are the top competitors of Portea?
Portea's top competitors include HCAH, Bharath Home Medicare and HDU Healthcare.
What products or services does Portea offer?
Portea offers Physiotherapy, Nursing, Medical Equipment, and Doctor Consultation.
How many acquisitions has Portea made?
Portea has made 2 acquisitions, including Medybiz Pharma, and PSTakeCare.
Who are Portea's investors?
Portea has 20 investors. Key investors include Accel, International Finance Corporation, Alteria Capital, ACT Grants, and British International Investment.
What is Portea's valuation?
The valuation of Portea is $62.09M as of Jun 2024.