About Vidal Healthcare
Vidal Healthcare is a company based in Bengaluru (India) founded in 2010 was acquired by Bajaj Finserv Health in January 2024.. Vidal Healthcare has raised $10 million across 1 funding round from investors including Bajaj Finserv Health and Ambit Pragma Advisors. The company has 1,747 employees as of April 05, 2024. Vidal Healthcare has completed 1 acquisition, including Vipul Medcorp TPA. Vidal Healthcare offers products and services including Cashless Hospitalization and Policy Management.
- Headquarter Bengaluru, India
- Employees 1747 as on 05 Apr, 2024
- Stage Minicorn
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Sectors
Financial Services
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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 Vidal Health Insurance Tpa Private Limited
- Date of Incorporation 07 Mar, 2002
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$25.67 M (USD)11.61as on Mar 31, 2023
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Net Profit
$926.26 K (USD)181.83as on Mar 31, 2023
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EBITDA
$3.09 M (USD)17.69as on Mar 31, 2023
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Total Equity Funding
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Series A
Sep 15, 2016
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Investors
Bajaj Finserv Health
& 1 more
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Employee Count
1747
as on Apr 05, 2024
- Investments & Acquisitions
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Acquired by
Bajaj Finserv Health
(Jan 30, 2024)
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Products & Services of Vidal Healthcare
Vidal Healthcare offers a comprehensive portfolio of products and services, including Cashless Hospitalization and Policy Management. 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.
Cashless hospitalization services are provided through a network of empaneled hospitals to facilitate seamless medical claims processing.
Policy management services are offered via digital tools that enable enrolment and status tracking for policy holders and corporate HR.
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Funding Insights of Vidal Healthcare
Vidal Healthcare has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series A round of $10 million completed in September 2016. 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 1
- Last Round Series A — $10.0M
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First Round
First Round
(15 Sep 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2016 | Amount | Series A - Vidal Healthcare | Valuation | Ambit Pragma Advisors |
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| 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 Vidal Healthcare
Vidal Healthcare has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Bajaj Finserv Health and Ambit Pragma Advisors. 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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Mid-market private equity and venture capital investments are managed.
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Founded Year | Domain | Location | |
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Provides online doctor consultations, lab bookings, and medicine ordering services.
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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 Vidal Healthcare
Vidal Healthcare has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Vipul Medcorp TPA. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Third party administrator (TPA) of health insurance
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Vidal Healthcare
| 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 |
Vidal Healthcare Comparisons
Competitors of Vidal Healthcare
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Vidal Healthcare
Frequently Asked Questions about Vidal Healthcare
When was Vidal Healthcare founded?
Vidal Healthcare was founded in 2010 and raised its 1st funding round 6 years after it was founded.
Where is Vidal Healthcare located?
Vidal Healthcare is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Vidal Healthcare?
Rajan S is the current CEO of Vidal Healthcare.
Is Vidal Healthcare a funded company?
Vidal Healthcare is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series A of $10M, raised on Sep 15, 2016.
How many employees does Vidal Healthcare have?
As of Apr 05, 2024, the latest employee count at Vidal Healthcare is 1,747.
What is the annual revenue of Vidal Healthcare?
Annual revenue of Vidal Healthcare is $25.67M as on Mar 31, 2023.
What does Vidal Healthcare do?
Founded in 2010, Vidal Healthcare operates in the healthcare sector as a third-party administrator based in Bengaluru, India. Claims processing, beneficiary enrollment, and cashless hospitalization services are handled for individuals, corporations, and insurers. A digital platform is utilized to deliver these operations, with partnerships maintained alongside hospitals and healthcare providers. Administration of government schemes is also facilitated.
What products or services does Vidal Healthcare offer?
Vidal Healthcare offers Cashless Hospitalization and Policy Management.
How many acquisitions has Vidal Healthcare made?
Vidal Healthcare has made 1 acquisition, including Vipul Medcorp TPA.
Who are Vidal Healthcare's investors?
Vidal Healthcare has 2 investors. Key investors include Bajaj Finserv Health, and Ambit Pragma Advisors.
What is Vidal Healthcare's valuation?
The valuation of Vidal Healthcare is $34.37M as of Sep 2016.