About Redicine Medsol
Redicine Medsol is a company based in Ahmedabad (India) founded in 2020 by Dhaumil Parmar, Kush Prajapati, Harsh Mangukiya, and Raj Urvish Shah. Redicine Medsol has raised $97.25 thousand across 1 funding round from investors including Ducon Consultants, Las Olas and Unitve Ventures. The company has 1 employees as of February 26, 2025. Redicine Medsol offers products and services including ReMed+ and Redicine App. Redicine Medsol operates in a competitive market with competitors including MedMinder Systems, AdhereTech, Omcare, Berkshire Biomedical and KEEP, among others.
- Headquarter Ahmedabad, India
- Employees 1 as on 26 Feb, 2025
- Founders Dhaumil Parmar, Kush Prajapati, Harsh Mangukiya, Raj Urvish 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
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- Legal Name Redicine Medsol Private Limited
- Date of Incorporation 29 Jun, 2020
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$19.7 K (USD)-20.23as on Mar 31, 2024
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Net Profit
-$31.98 K (USD)16.56as on Mar 31, 2024
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EBITDA
-$30.24 K (USD)49.18as on Mar 31, 2024
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Total Equity Funding
$97.25 K (USD)
in 1 rounds
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Latest Funding Round
$97.25 K (USD), Seed
Oct 13, 2022
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Investors
Ducon Consultants
& 6 more
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Employee Count
1
as on Feb 26, 2025
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Products & Services of Redicine Medsol
Redicine Medsol offers a comprehensive portfolio of products and services, including ReMed+ and Redicine App.
Device for organizing medications with reminders to prevent errors.
App for sending smart reminders and tracking adherence to medications.
Funding Insights of Redicine Medsol
Redicine Medsol has successfully raised a total of $97.25K through 1 strategic funding round. The most recent funding activity was a Seed round of $97.25 thousand completed in October 2022. 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.
Investors in Redicine Medsol
Redicine Medsol has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Ducon Consultants, Las Olas and Unitve Ventures.
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Early-stage investments in US tech and life sciences are targeted.
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Provider of diversified management consulting services
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Structural and industrial design services with expertise in buildings and manufacturing projects.
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Investor details for Redicine Medsol
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Investments & Acquisitions by Redicine Medsol
Investment portfolio details for Redicine Medsol
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Financial Statements - Redicine Medsol
Detailed financials for Redicine Medsol
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Redicine Medsol Comparisons
Peer comparison for Redicine Medsol
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Competitors of Redicine Medsol
Redicine Medsol 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 MedMinder Systems, AdhereTech, Omcare, Berkshire Biomedical and KEEP, among others.
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Medication adherence is monitored via smart pillbox organizers.
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Smart pill bottles that improve medication adherence
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Remote monitoring and medication adherence solutions for healthcare professionals
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Cloud-based smart devices for drug dispensing are provided.
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Smart medicine storage devices with app-based alerts are provided.
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Provider of online medication adherence management platform for patients and healthcare facilities
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Detailed competitors of Redicine Medsol
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Latest news on Redicine Medsol
Complete news archive for Redicine Medsol
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Frequently Asked Questions about Redicine Medsol
Redicine Medsol was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Redicine Medsol is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Kush Prajapati is the current CEO of Redicine Medsol. They have also founded this company.
Redicine Medsol is a funded company, having raised a total of $97.25K across 1 funding round to date.
As of Feb 26, 2025, the latest employee count at Redicine Medsol is 1.
Annual revenue of Redicine Medsol is $19.7K as on Mar 31, 2024.
Redicine Medsol was founded in 2020 and is based in Ahmedabad, India. Operations focus on the health technology sector, where medical adherence devices are developed for patients with cardiac and cancer conditions. Smart pill boxes are offered to organize and store medications, deliver reminders through connected mobile devices, and produce detailed reports on consumption patterns. Services target improved medication management in clinical settings.
Redicine Medsol's top competitors include MedMinder Systems, AdhereTech and Berkshire Biomedical.
Redicine Medsol offers ReMed+ and Redicine App.
Redicine Medsol has 7 investors. Key investors include Ducon Consultants, Las Olas, Unitve Ventures, Shital Bhavik Patel, and Tarang Pallav Chokhani.
The valuation of Redicine Medsol is $1.07M as of Oct 2022.