About SimboAlpha
SimboAlpha is a company based in Bengaluru (India) founded in 2013 by Praveen Prakash.. SimboAlpha has raised $880.69 thousand across 4 funding rounds from investors including Nagavenkata Satyakiran Munaga, Boreddy Amarender Reddy and Naga Kishore Kankipati. SimboAlpha operates in a competitive market with competitors including Pharmacierge, WonDRx, Prescriby, EazyScripts and EirSystems, among others.
- Headquarter Bengaluru, India
- Founders Praveen Prakash
- 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 Medyug Technology Private Limited
- Date of Incorporation 26 Apr, 2013
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$5.17 K (USD)-53.19as on Mar 31, 2023
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Net Profit
$-184.63 K (USD)8.46as on Mar 31, 2023
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EBITDA
$-240.19 K (USD)9.89as on Mar 31, 2023
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Total Equity Funding
$880.69 K (USD)
in 4 rounds
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Latest Funding Round
$409.46 K (USD), Seed
Jan 14, 2020
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Investors
& 18 more
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Employee Count
Employee Count
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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 Total Funding
- Total Rounds 4
- Last Round Seed — $409,457
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First Round
First Round
(06 Feb 2014)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Seed - SimboAlpha | Valuation | Nagavenkata Satyakiran Munaga | |
| Mar, 2019 | Amount | Seed - SimboAlpha | Valuation | Nagavenkata Satyakiran Munaga | |
| Nov, 2017 | Amount | Angel Round - SimboAlpha | Valuation | Nagavenkata Satyakiran Munaga , Arpitha Atukula |
| 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 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. 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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NS
Nagavenkata Satyakiran Munaga |
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Founded Year | Domain | Location |
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BA
Boreddy Amarender Reddy |
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Founded Year | Domain | Location |
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NK
Naga Kishore Kankipati |
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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 SimboAlpha
| 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 - SimboAlpha
| 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 |
Simboalpha Comparisons
Competitors of SimboAlpha
SimboAlpha 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 Pharmacierge, WonDRx, Prescriby, EazyScripts and EirSystems, 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 |
Medication management software is provided for doctors and patients.
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| domain | founded_year | HQ Location |
EHR facilitator solutions are provided for healthcare professionals' record management.
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| domain | founded_year | HQ Location |
Prescription management software is provided for healthcare professionals.
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| domain | founded_year | HQ Location |
E-prescribing software is supplied for telemedicine providers by EazyScripts.
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| domain | founded_year | HQ Location |
Blockchain-based prescription management software is provided by EirSystems.
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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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Frequently Asked Questions about SimboAlpha
When was SimboAlpha founded?
SimboAlpha was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is SimboAlpha located?
SimboAlpha is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is SimboAlpha a funded company?
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 $92.7K, raised on Feb 06, 2014.
What is the annual revenue of SimboAlpha?
Annual revenue of SimboAlpha is $5.17K as on Mar 31, 2023.
What does SimboAlpha do?
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.
Who are the top competitors of SimboAlpha?
SimboAlpha's top competitors include EirSystems, Pharmacierge and WonDRx.
Who are SimboAlpha's investors?
SimboAlpha has 19 investors. Key investors include Nagavenkata Satyakiran Munaga, Boreddy Amarender Reddy, Naga Kishore Kankipati, Venugopala Reddy Vanukuri, and Dileep Kumar Reddy Karri.
What is SimboAlpha's valuation?
The valuation of SimboAlpha is $5.69M as of Jan 2020.