When was Medikabazaar founded?

Medikabazaar was founded in 2014 and raised its 1st funding round 3 years after it was founded.

Where is Medikabazaar located?

Medikabazaar is headquartered in Mumbai, India. It is registered at Second Avenue, 3rd Floor, Unit no. 1,4,5,6,7,8,9 & 10, Village Vyaravli, Near Seepz between MIDC Central Road, Mahakali Caves Road, Andheri East, Mumbai 400093, Chakala Midc, Mumbai, Mumbai, Maharashtra, India, 400093.

Which legal entities is Medikabazaar associated with?

Medikabazaar is associated with BOSTON IVY HEALTHCARE SOLUTIONS PRIVATE LIMITED and 1 other.

How many employees does Medikabazaar have?

As of Aug 31, 2025, Medikabazaar has 588 employees, reflecting a 3% year-over-year decline in headcount.

Is Medikabazaar a funded company?

Medikabazaar is a funded company, having raised a total of $185M across 8 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 17, 2017.

How much is Medikabazaar worth?

The latest valuation of Medikabazaar is $***** as of May 12, 2022. This marks a decline of 1% from its peak valuation of $637M in Apr, 2017. This marks a decline of 1% from its peak valuation of $637M in Apr, 2017.

When was the latest funding round of Medikabazaar?

Medikabazaar's latest funding was a $***** Series D round on Apr 12, 2022, with participation from 8 investors. Its primary sector is Healthcare IT. In India, the Healthcare IT sector has seen $114M in funding in 2026 to date.

What is the annual revenue of Medikabazaar?

Annual revenue of Medikabazaar is more than ₹1,000 Cr as on Mar 31, 2025

Where does Medikabazaar rank among its competitors?

Medikabazaar ranks 1st amongst 56 active competitors, of which 5 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Aknamed, which secured an undisclosed amount in Jan, 2025.

Who are the top competitors of Medikabazaar?

Medikabazaar's top competitors include Drstore Healthcare Services, Aknamed and Unique Traders India. Among them, Aknamed secured the most recent funding round in January, 2025.

Medikabazaar - 2026 Company Profile, Team, Funding, Competitors & Financials

Medikabazaar is a series D company based in Mumbai (India), founded in 2014 by Vivek M. T. and Rupam Tiwari. It operates as an Online marketplace for medical supplies, equipment, and devices catering to healthcare providers. Medikabazaar has raised $185M in funding from investors like Rebright Partners, HealthQuad and Ackermans & van Haaren, with a current valuation of $*****. The company has 56 active competitors, including 5 funded and 1 that has exited. Its top competitors include companies like Drstore Healthcare Services, Aknamed and Unique Traders India.

Company Details

Online marketplace for medical supplies, equipment, and devices catering to healthcare providers. It offers a platform for purchasing a variety of medical products, including consumables, equipment, diagnostics, and pharmaceuticals. The platform also provides value-added services such as inventory analytics, asset management, financing options, and procurement optimization tools. The company aims to streamline the medical procurement process for healthcare facilities.

Website: www.medikabazaar.com/shop
Social
Email ID: *****@medikabazaar.com
Phone Number: +91 **********
Registered Address: Second Avenue, 3rd Floor, Unit no. 1,4,5,6,7,8,9 & 10, Village Vyaravli, Near Seepz between MIDC Central Road, Mahakali Caves Road, Andheri East, Mumbai 400093, Chakala Midc, Mumbai, Mumbai, Maharashtra, India, 400093

Key Metrics

Founded Year

2014

Location

Mumbai, India

Stage

Series D

Total Funding

$185M in 8 rounds

Latest Funding Round

Series D, Apr 12, 2022, $*****

Post Money Valuation

$***** as on May 12, 2022

Investors

Rebright Partners & 33 more

Ranked

1^st among 56 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2025

Employee Count

588 as on Aug 31, 2025

Similar Companies

Impilo & 631 more

View Medikabazaar's full profile

Medikabazaar is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
BOSTON IVY HEALTHCARE SOLUTIONS PRIVATE LIMITED CIN: U51397MH2013PTC245092 , India, Active	Jul 02, 2013	₹1,000+ Cr (As on Mar 31, 2025)	584 (As on Apr 01, 2026)
AUSHADHIV SPECIALTY PHARMACEUTICALS PRIVATE LIMITED CIN: U51397KA2022PTC164394 , India, Active	Jul 28, 2022	₹100 - ₹500 Cr (As on Mar 31, 2025)	32 (As on Aug 01, 2025)

Medikabazaar has raised a total funding of $185M over 8 rounds. Its first funding round was on Apr 17, 2017. Its latest funding round was a Series D round on Apr 12, 2022 for $*****. 8 investors participated in its latest round. Medikabazaar has 18 institutional investors and 16 angel investors.

Here is the list of recent funding rounds of Medikabazaar:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 12, 2022	6549145	Series D	2625210	4350517	3047470	3500190
Sep 21, 2021	7142427	Series C	3964888	4426410	4371887	HealthQuad & 8 more
Mar 11, 2020	1864989	Series B	8080862	4350270	Ackermans & van Haaren	4605600

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View details of Medikabazaar's funding rounds and investors

The founders of Medikabazaar are Vivek M. T. and Rupam Tiwari.

Here are the details of Medikabazaar's key team members:

Vivek M. T.: Founder & Chief Executive Officer of Medikabazaar. They are also an angel investor in 3 startups and serve on the board of 1 company.
Contact Info: 2 phone numbers
Rupam Tiwari: Co-Founder & CTO of Medikabazaar. They are also an angel investor in 1 startup.
Contact Info: 1 email address and 1 phone number

Medikabazaar's Board of Directors

Medikabazaar's board has 4 active members. Vivek M. T., Jens Van Nieuwenborgh, Bandi Nitish Nitish prasad and Ravishankar Gopalakrishnan are part of team.

Here is the list of Medikabazaar's board of directors:

Name	Type	Representing	Status	Duration
acgovho	Team	-	Past	4y 1m
lpsjohc	Team	-	Current	7y 8m
leujimo	Team	-	Past	9y 5m
Jens Van Nieuwenborgh	Investor	Ackermans & van Haaren	Current	6y 7m
Bandi Nitish Nitish prasad	Investor	-	Current	4y 8m

View details of Medikabazaar's Founder profiles and Board Members

Medikabazaar's employee count trend

Medikabazaar has 588 employees as of Aug 25. The total employee count is 4.0% lower than what it was in Aug 24. Here is Medikabazaar's employee count trend over the years:

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Top competitors of Medikabazaar include Drstore Healthcare Services, Aknamed and Unique Traders India. Here is the list of Top 10 competitors of Medikabazaar, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Medikabazaar 2014, Mumbai (India), Series D	Online marketplace for medical supplies, equipment, and devices catering to healthcare providers	$185M	Lighthouse, Stride Ventures & 32 others	64/100
2nd	Drstore Healthcare Services 2015, Thane (India), Seed	Provider of an online platform for the procurement of diagnostic products	$691K	Equanimity Investments & 6 others	52/100
3rd	Aknamed 2018, Gurugram (India), Acquired	Cloud and AI based material management software for hospitals	$21.8M	LGT Group, Lightrock & 19 others	50/100
4th	Unique Traders India 2000, Meerut (India), Unfunded	Provider of medical products and supplies for healthcare organizations and providers	-	-	38/100
5th	quicklab.in 2012, Chennai (India), Unfunded	Online shop for scientific and clinical lab supplies	-	-	37/100
6th	Kogland 2016, Ernakulam (India), Unfunded	Online medical supplies shop for healthcare professionals	-	-	36/100
7th	Nest Corner 2021, Gurugram (India), Seed	E-distributor offering multi-category healthcare products	-	-	36/100
8th	Hospital Store 2019, Delhi (India), Unfunded	Company providing a wide range of medical equipment and devices to hospitals, clinics, pharmacies, and patients	-	-	36/100
9th	IdeaRX 2016, Chennai (India), Seed	Platform to optimize hospital pharmacy and procurement operations	$1.35M	vidhay, Dr. Agarwal's Eye Hospital & 1 others	35/100
10th	Medi Basket 2021, Chennai (India), Unfunded	Provider of an online medical supply platform for healthcare organizations	-	-	30/100

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Founders own 23.29%, Funds (largest shareholder) own 60.18%, Enterprises own 6.30% and Angels own 5.14%. The net worth of Medikabazaar's founders is INR 1,140Cr as of May 12, 2022.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	23.29%	1,140Cr	8549626	6179896	4031832	8088822
Vivek M. T.	4167126	3159000	4671927	6670181	7648294	1297308
Rupam Tiwari	4	1	7	3	5	7
Fund	60.18%	2,950Cr	8587506	5612310	8207485	9317019
Ackermans & van Haaren	1069364	2304844	6018894	6477487	9378611	1649819
Creaegis	8558792	7982840	1944726	7921724	4811978	5961716
HealthQuad	240746	386575	540000	292492	108773	363839
Rebright Partners	721432	246996	404611	629649	355376	638449
Lighthouse	9514	8742	4350	5229	2819	6553
Enterprise	6.30%	309Cr	350332	918007	213061	879086
Angel	5.14%	252Cr	57923	65306	37472	41083
Other People	1.19%	58.2Cr	3	6	7	6
ESOP Pool	3.90%	191Cr	302	126	195	642
Total	100.00%	4,900Cr	4913845	3827168	9141584	2824523