About Remedinet Technologies
Remedinet Technologies is a company based in Bengaluru (India) founded in 2006 by Brahmesh Jain, Rahul Shukla, and Rammohan Prabhakar.. Remedinet Technologies has raised $4.41 million across 5 funding rounds from investors including Bessemer Venture Partners, Nirvana Ventures Advisors and Net Logistics. The company has 217 employees as of March 22, 2024. Remedinet Technologies offers products and services including Electronic Preauthorization Manager, Electronic Claims Manager, Electronic Discharge Manager, CFO Dashboard, and Payer Automation Suite. Remedinet Technologies operates in a competitive market with competitors including Perfios, Lumeris, Optum, Laguna and Cotiviti, among others.
- Headquarter Bengaluru, India
- Employees 217 as on 22 Mar, 2024
- Founders Brahmesh Jain, Rahul Shukla, Rammohan Prabhakar
- Stage Minicorn
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Sectors
Financial ServicesHealthcare
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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 Remedinet Technologies Private Limited
- Date of Incorporation 26 May, 2006
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$1.43 M (USD)33.21as on Mar 31, 2023
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Net Profit
$-2.54 K (USD)96.94as on Mar 31, 2023
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EBITDA
$125.51 K (USD)254.09as on Mar 31, 2023
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Total Equity Funding
$4.41 M (USD)
in 5 rounds
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Latest Funding Round
$529.38 K (USD), Series A
Jul 28, 2017
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Investors
Bessemer Venture Partners
& 9 more
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Employee Count
217
as on Mar 22, 2024
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Products & Services of Remedinet Technologies
Remedinet Technologies offers a comprehensive portfolio of products and services, including Electronic Preauthorization Manager, Electronic Claims Manager, Electronic Discharge Manager, CFO Dashboard, and Payer Automation Suite. 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.
Tool for electronic data entry and submission in health insurance preauthorization.
Platform for uploading and managing hospitalization claims without manual errors.
System for handling patient discharge and billing electronically.
Dashboard for monitoring revenue cycle in hospital billing.
Suite for automating health insurance administration for payers.
Software for managing central government health insurance programs.
Framework for automating government-initiated health insurance processes.
Funding Insights of Remedinet Technologies
Remedinet Technologies has successfully raised a total of $4.41M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $529.38 thousand completed in July 2017. 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 Series A — $529,381
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First Round
First Round
(25 Feb 2008)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2017 | Amount | Series A - Remedinet Technologies | Valuation | Bessemer Venture Partners |
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| Jan, 2014 | Amount | Series A - Remedinet Technologies | Valuation | Bessemer Venture Partners | |
| Jul, 2013 | Amount | Seed - Remedinet Technologies | Valuation | Bessemer Venture Partners |
| 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 Remedinet Technologies
Remedinet Technologies has secured backing from 10 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, Nirvana Ventures Advisors and Net Logistics. 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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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Venture capital firm focusing on investments in Indian internet, mobile, and digital payments sectors.
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Founded Year | Domain | Location | |
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Hosting services for web, cloud, and servers are provided.
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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 Remedinet Technologies
| 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 |
Financial Statements - Remedinet Technologies
| 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 |
Remedinet Technologies Comparisons
Competitors of Remedinet Technologies
Remedinet Technologies 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 Perfios, Lumeris, Optum, Laguna and Cotiviti, 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 |
Provides financial technology solutions for data analysis and verification globally.
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| domain | founded_year | HQ Location |
Lumeris offers population management and accountable care solutions
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| domain | founded_year | HQ Location |
Optum is recognized as a leading health solution and care delivery organization.
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| domain | founded_year | HQ Location |
AI-based patient care management solutions are provided for hospitals.
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| domain | founded_year | HQ Location |
Analytics-driven payment accuracy solutions for healthcare payers are provided.
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| domain | founded_year | HQ Location |
Software solutions for legal funding management are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Remedinet Technologies
Frequently Asked Questions about Remedinet Technologies
When was Remedinet Technologies founded?
Remedinet Technologies was founded in 2006 and raised its 1st funding round 2 years after it was founded.
Where is Remedinet Technologies located?
Remedinet Technologies is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Remedinet Technologies?
Munish Daga is the current CEO of Remedinet Technologies.
Is Remedinet Technologies a funded company?
Remedinet Technologies is a funded company, having raised a total of $4.41M across 5 funding rounds to date. The company's 1st funding round was a Seed of $147.01K, raised on Feb 25, 2008.
How many employees does Remedinet Technologies have?
As of Mar 22, 2024, the latest employee count at Remedinet Technologies is 217.
What is the annual revenue of Remedinet Technologies?
Annual revenue of Remedinet Technologies is $1.43M as on Mar 31, 2023.
What does Remedinet Technologies do?
Remedinet Technologies was founded in 2006 in Bengaluru, India, within the healthcare technology sector. Network solutions are offered to automate claims processing, pre-authorization, and discharge management for hospitals and insurers. Products include electronic managers for authorizations and discharges, along with a revenue cycle dashboard. Additional services support government health insurance schemes and corporate self-funded programs, with operations focused on reducing administrative tasks in the Indian market.
Who are the top competitors of Remedinet Technologies?
What products or services does Remedinet Technologies offer?
Remedinet Technologies offers Electronic Preauthorization Manager, Electronic Claims Manager, Electronic Discharge Manager, CFO Dashboard, and 3 more products and services.
Who are Remedinet Technologies's investors?
Remedinet Technologies has 10 investors. Key investors include Bessemer Venture Partners, Nirvana Ventures Advisors, Net Logistics, Rakesh Jhunjhunwala, and Saurabh Srivastava.
What is Remedinet Technologies's valuation?
The valuation of Remedinet Technologies is $7.28M as of Jul 2017.
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