About Rakya
Rakya is a Healthcare company based in Bengaluru (India) founded in 2001 by Chetan Patil. Hospital management solutions are offered by Rakya Technologies. Rakya has raised $136.03 thousand across 3 funding rounds from investors including Balakrishna, Venkatesh Iyengar and Preeti Mudda. Rakya was last valued at $26.37 million in February 2017. Its chief executive, as recorded, is Chetan Patil. Its Indian entity Rakya Technologies Private Limited reported revenue of ₹23.7 Lakh. Its focus areas include HealthTech, Healthcare IT, Provider and Hospital Information Systems.
Company details
Rakya Technologies offers hospital management solutions. Solutions offered by the company include Piston, Naavi, Fintal, Maple, Mole, Nursing Cart, Sandesh, and Vaidya Bindu. Piston solution provides access to patient medical history during treatment. Naavi is a laboratory management solution it features report preparation, specific lab report to reduce errors, doctor access to lab reports for analysis. Fintal is a finance management solution that features patient transactions, and tracking of bill payments by patients, Maple is a pharmacy management solution that features stock management, finance management, procurement, etc. Mole is a hospital management solution that can be used form tablets for monitoring. Nursing Cart assists in chart preparation and monitors patient activity. Sandesh is a communication solution for medical professionals. Vaidya Bindu is a solution that provides access to endoscopy, ECG, ct-scan, x-ray images for analysis, also assits in image storage.
- Headquarters Bengaluru, India
- Founders Chetan Patil
- Stage Minicorn
- SectorsHealthcare
- Email••••••••
- Website rakya.com
- Social LinkedIn X
- Legal Name Rakya Technologies Private Limited
- Date of Incorporation 29 Dec, 2006
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹23.7 Lakh
FY 2024 · +580% YoY
- Net Profit₹16.6 Lakh
FY 2024 · 70% margin
- EBITDA₹20 Lakh
FY 2024 · 84% margin
- Total Equity Funding$136.03K (USD)
in 3 rounds
Associated legal entities of Rakya
Rakya is associated with 2 registered companies on The Company Check; the primary company is Rakya Technologies Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Rakya Technologies Private Limited CIN U72200KA2006PTC041334 | Active | 29 Dec 2006 | Bangalore, Karnataka | ₹0.2 Cr | 2 | View details | |
| Enimorro Llp CIN AAV-0171 | Active | 09 Dec 2020 | Bangalore, Karnataka | 2 | View details |
Funding Insights of Rakya
Rakya has successfully raised a total of $136.03K across 3 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 $136,030
- Total Rounds 3
- First Round $60,500
(Feb 2012)
- Investors Count 9
All 3 funding rounds of Rakya 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 |
|---|---|---|---|---|---|
| Feb 2017 | Angel Round | $26.37M | Balakrishna | – | |
| Nov 2015 | $75,530 | Angel Round | $13.41M | Preeti Mudda, Preeti Mudda | |
| Feb 2012 | $60,500 | Angel Round | $••••• | Prem Makkena |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2017 | $26.37M | •••••••• |
| Nov 2015 | $13.41M | •••••••• |
Last known valuation $26.37M (Feb 2017). 9 investors in total: 0 institutional and 9 angel.
Investors in Rakya
Rakya has secured backing from 9 investors, including angel investors. Prominent investors backing the company include Balakrishna, Venkatesh Iyengar and Preeti Mudda.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
B Balakrishna | unknown_5f34c9edc79748fbb | |||
VI Venkatesh Iyengar | Angel investor and tech entrepreneur, focused on early-stage Indian startups. | unknown_c0a5390f86614e398 | ||
PM Preeti Mudda | unknown_7998da2eec7b4d3c8 | |||
PM Preeti Mudda | unknown_4aafaa4fdbd542639 | |||
SP Sukesh Pai | Angel investor and tech entrepreneur, co-founder of Zepo, focused on Indian startups | unknown_11417007d5c84dea8 | ||
PM Prem Makkena | unknown_1fcf567a9dae46b68 | |||
KK Kiran Karadi | unknown_e45090aeb7a14d86b | |||
PS Padmarani Subbaraya | unknown_40a9d9593ef84b0bb | |||
NR Nishith Rohatagi | unknown_36d6110fa63e46d8b |
Investor details for Rakya
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Rakya Technologies Private Limited (Rakya)
Rakya Technologies Private Limited is the primary company behind Rakya. The boards of the 2 registered companies of Rakya currently have 3 directors; the longest-serving is Yogesh Sharadchandra Kadalgikar, appointed in 2006.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Yogesh Sharadchandra Kadalgikar DIN 00817960 | Director | 29 Dec 2006 | 19 yrs 10 mo | Rakya Technologies Private Limited |
| Dayashankar Ajay Yadavanahalli DIN 05322015 | Designated Partner | 09 Dec 2020 | 5 yrs 11 mo | Enimorro Llp |
| Chetan Chandrashekar Patil DIN 00817943 | Designated Partner | 09 Dec 2020 | 5 yrs 11 mo | Enimorro Llp, Rakya Technologies Private Limited |
People of Rakya
1 people are tracked at Rakya (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership |
Complete people profiles for Rakya
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Rakya
Figures of Rakya Technologies Private Limited, the primary company behind Rakya, for FY 2024. Revenue was ₹23.7 Lakh (+580% year on year). Net profit was ₹16.6 Lakh (70% margin). EBITDA was ₹20 Lakh (84% margin). Revenue has grown at a compounded annual rate of +202% over three years and +20% over five years.
- ₹23.7 LakhRevenue · FY 2024 · +580% YoY
- ₹16.6 LakhNet profit · 70% margin
- ₹20 LakhEBITDA · 84% margin
- ₹3.5 LakhPaid-up capital
- +202%Revenue CAGR, 3 years
- +20%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Rakya Technologies Private Limited are on its company page.
Detailed financial statements for Rakya
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Rakya
4 dated milestones of Rakya across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Rakya is founded.
- Funding First funding round of $60K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round,.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Rakya
Rakya was founded in 2001 and raised its 1st funding round 11 years after it was founded.
Rakya is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Chetan Patil is the CEO of Rakya, as recorded in our data. They have also founded this company.
Rakya is a funded company, having raised a total of $136.03K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $60.5K, raised on Feb 2012.
The primary company behind Rakya, Rakya Technologies Private Limited, reported revenue of ₹23.7 Lakh for FY 2024, up 580% year on year.
Rakya Technologies offers hospital management solutions. Solutions offered by the company include Piston, Naavi, Fintal, Maple, Mole, Nursing Cart, Sandesh, and Vaidya Bindu. Piston solution provides access to patient medical history during treatment. Naavi is a laboratory management solution it features report preparation, specific lab report to reduce errors, doctor access to lab reports for analysis. Fintal is a finance management solution that features patient transactions, and tracking of bill payments by patients, Maple is a pharmacy management solution that features stock management, finance management, procurement, etc. Mole is a hospital management solution that can be used form tablets for monitoring. Nursing Cart assists in chart preparation and monitors patient activity. Sandesh is a communication solution for medical professionals. Vaidya Bindu is a solution that provides access to endoscopy, ECG, ct-scan, x-ray images for analysis, also assits in image storage.
Rakya has 9 investors. Key investors include Balakrishna, Venkatesh Iyengar, Preeti Mudda, Preeti Mudda, and Sukesh Pai.
The valuation of Rakya is $26.37M as of Feb 2017.
Rakya is associated with 2 legal entities: Rakya Technologies Private Limited, Enimorro Llp.
The legal entities of Rakya currently have 3 directors, including Dayashankar Ajay Yadavanahalli, Chetan Chandrashekar Patil, Yogesh Sharadchandra Kadalgikar.