About SimboAlpha
SimboAlpha is a Healthcare company based in Bengaluru (India) founded in 2013 by Praveen Prakash. AI-based EMR management is offered to healthcare professionals. SimboAlpha has raised $880.69 thousand across 4 funding rounds from investors including Nagavenkata Satyakiran Munaga, Boreddy Amarender Reddy and Naga Kishore Kankipati. SimboAlpha was last valued at $5.69 million in January 2020. Its Indian entity Medyug Technology Private Limited reported revenue of ₹1.20 Cr. Its focus areas include HealthTech, Healthcare IT, Provider and Aids for Doctors. Its competitors include WonDRx and Pheal; 2 of its 2 listed competitors have raised funding.
Company details
SimboAlpha was founded in 2013 in Bengaluru, India, as a provider of AI-based tools for electronic medical record (EMR) management. Services are directed toward healthcare professionals, facilitating efficient handling of patient data and records. Operations are based in the healthcare technology sector, with a focus on streamlining administrative processes through automated solutions. The companys domain is simboalpha.com, and it is led by co-founder and CTO Praveen Prakash.
- Headquarters Bengaluru, India
- Founders Praveen Prakash
- Stage Minicorn
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website simboalpha.com
- Social LinkedIn X Facebook
- Legal Name Medyug Technology Private Limited
- Date of Incorporation 26 Apr, 2013
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1.20 Cr
FY 2024 · +2682% YoY
- Net Loss-₹39 Lakh
FY 2024 · -33% margin
- EBITDA-₹40.8 Lakh
FY 2024 · -34% margin
- Total Equity Funding$880.69K (USD)
in 4 rounds
- Latest Funding Round$409.46K (USD), Seed
Jan 2020
Associated legal entities of SimboAlpha
SimboAlpha operates through Medyug Technology Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Medyug Technology Private Limited CIN U73100KA2013PTC068770 | Active | 26 Apr 2013 | Bangalore, Karnataka | ₹1.2 Cr | 2 | View details |
Funding Insights of SimboAlpha
SimboAlpha has successfully raised a total of $880.69K across 4 strategic funding rounds. The most recent funding activity was a Seed round of $409.46 thousand completed in January 2020. 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 $880,691
- Total Rounds 4
- Last Round Seed — $409,457
- First Round $32,045
(Feb 2014)
- Investors Count 19
All 4 funding rounds of SimboAlpha 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 |
|---|---|---|---|---|---|
| Jan 2020 | $409,457 | Seed | $5.69M | Nagavenkata Satyakiran Munaga | |
| Mar 2019 | $346,493 | Seed | $5.4M | Nagavenkata Satyakiran Munaga | |
| Nov 2017 | $92,696 | Angel Round | $••••• | Nagavenkata Satyakiran Munaga, Arpitha Atukula | |
| Feb 2014 | $32,045 | Angel Round | $••••• | Chikkam Rama Kishore |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2020 | $5.69M | •••••••• |
| Mar 2019 | $5.4M | •••••••• |
| Nov 2017 | $••••• | •••••••• |
Full valuation and stage history of SimboAlpha
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $5.69M (Jan 2020). 19 investors in total: 0 institutional and 19 angel.
Investors in SimboAlpha
SimboAlpha has secured backing from 19 investors, including angel investors. Prominent investors backing the company include Nagavenkata Satyakiran Munaga, Boreddy Amarender Reddy and Naga Kishore Kankipati.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
NS Nagavenkata Satyakiran Munaga | unknown_2d485d96d6a447cda | |||
BA Boreddy Amarender Reddy | unknown_e9ee08086e1e4b4fa | |||
NK Naga Kishore Kankipati | unknown_20cdba5009204837a | |||
VR Venugopala Reddy Vanukuri | unknown_3ee0c88d18a849fc8 | |||
DK Dileep Kumar Reddy Karri | unknown_6f2a7277566f41f6a | |||
MM Murali Mohan Kancharla | unknown_5b182116041c4ffd9 | |||
RK Rupa Koteswari Vanukuri | unknown_f7d3238568ac4661b | |||
NK Nirguna Kota | unknown_e15a94993eb144c38 | |||
AA Amit Aggarwal | unknown_583139ed43ac49fab | |||
SS Sarjeet Singh | unknown_7030cf4eb37d418e9 |
Investor details for SimboAlpha
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Board of directors of Medyug Technology Private Limited (SimboAlpha)
Medyug Technology Private Limited is the primary company behind SimboAlpha. The board of Medyug Technology Private Limited currently have 2 directors; the longest-serving is Baljit Singh, appointed in 2013. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Baljit Singh DIN 06482078 | Director | 26 Apr 2013 | 13 yrs 6 mo | Medyug Technology Private Limited |
| Sunistha Singh DIN 06688886 | Additional Director | 13 Sep 2013 | 13 yrs 1 mo | Medyug Technology Private Limited |
People of SimboAlpha
1 people are tracked at SimboAlpha (1 in leadership).
| Name | Role | Group |
|---|---|---|
Praveen Prakash | Co-Founder & CTO | Leadership |
Complete people profiles for SimboAlpha
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of SimboAlpha
Figures of Medyug Technology Private Limited, the primary company behind SimboAlpha, for FY 2024. Revenue was ₹1.20 Cr (+2682% year on year). Net loss was -₹39 Lakh (-33% margin). EBITDA was -₹40.8 Lakh (-34% margin). Revenue has grown at a compounded annual rate of +73% over three years and +27% over five years.
- ₹1.20 CrRevenue · FY 2024 · +2682% YoY
- -₹39 LakhNet loss · -33% margin
- -₹40.8 LakhEBITDA · -34% margin
- ₹36.7 LakhPaid-up capital
- +73%Revenue CAGR, 3 years
- +27%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Medyug Technology Private Limited are on its company page.
Detailed financial statements for SimboAlpha
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of SimboAlpha
4 dated milestones of SimboAlpha across 7 years, from founding to its latest funding, stage changes and deals.
- Founded SimboAlpha is founded.
- Funding First funding round of $32K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $409K.
Competitors of SimboAlpha
SimboAlpha has 2 listed competitors in our database, 2 of them funded. They include WonDRx and Pheal.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wondrx.com | 2017 | Mumbai, India | $3.24M | 12 | EHR facilitator solutions are provided for healthcare professionals' record management. | |
| pheal.in | 2021 | Mumbai, India | $284,522 | A digitized prescription tool is provided for physical therapists. |
Detailed competitors of SimboAlpha
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Related news about Simboalpha
Complete news archive for SimboAlpha
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Frequently Asked Questions about SimboAlpha
SimboAlpha was founded in 2013 and raised its 1st funding round 1 year after it was founded.
SimboAlpha is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
SimboAlpha is a funded company, having raised a total of $880.69K across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $32.05K, raised on Feb 2014.
The primary company behind SimboAlpha, Medyug Technology Private Limited, reported revenue of ₹1.20 Cr for FY 2024, up 2682% year on year.
SimboAlpha was founded in 2013 in Bengaluru, India, as a provider of AI-based tools for electronic medical record (EMR) management. Services are directed toward healthcare professionals, facilitating efficient handling of patient data and records. Operations are based in the healthcare technology sector, with a focus on streamlining administrative processes through automated solutions. The companys domain is simboalpha.com, and it is led by co-founder and CTO Praveen Prakash.
SimboAlpha has 19 investors. Key investors include Nagavenkata Satyakiran Munaga, Boreddy Amarender Reddy, Naga Kishore Kankipati, Venugopala Reddy Vanukuri, and Dileep Kumar Reddy Karri.
The valuation of SimboAlpha is $5.69M as of Jan 2020.
SimboAlpha operates through Medyug Technology Private Limited.
The legal entities of SimboAlpha currently have 2 directors, including Sunistha Singh, Baljit Singh.