MedPlus - About the company
MedPlus is a seed company based in Hyderabad (India), founded in 2006 by Madhukar Gangadi. It operates as a Web/mobile platform to order for general & prescription based medicines. MedPlus has raised $1.28M in funding, with a current valuation of $*****. The company has 3064 active competitors, including 133 funded and 100 that have exited. Its top competitors include companies like NimbleRx, Alto and Blink Health.
Company Details
MedPlusMart is an online platform that enables users to order medicines, personal care, and nutrition products. The company delivers its products from MedPlus stores. Orders are fulfilled within 3 hours. Users can also order online and pick up from stores. It has now opened its platform for booking doctors and diagnostic tests.
- Website
- www.medplusmart.com/
- Social
- Email ID
- *****@medplusmart.com
- Phone Number
- +91 **********
- Registered Address
- H. No: 11-6-56, Survey No: 257 & 258/1, Opp:IDPL Railway Siding Road,(Moosapet), Kukatpally, Hyderabad, Hyderabad, Telangana, India, 500037
Key Metrics
Founded Year
2006
Location
Hyderabad, India
Stage
Seed
Total Funding
$1.28M in 2 rounds
Latest Funding Round
Post Money Valuation
$***** as on Mar 08, 2007
Investors
Ranked
15th among 3064 active competitors
Annual Revenue
₹1,000+ Cr as on Mar 31, 2026
Employee Count
4,259 as on Aug 31, 2023
Legal entities associated with MedPlus
MedPlus is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
MEDPLUS HEALTH SERVICES LIMITED CIN: L85110TG2006PLC051845 , India, Active | Nov 30, 2006 | ₹1,000+ Cr (As on Mar 31, 2026) | 1445 (As on Aug 01, 2025) | |
OPTIVAL HEALTH SOLUTIONS PRIVATE LIMITED CIN: U85110TG2005PTC046821 , India, Active | Jul 11, 2005 | ₹1,000+ Cr (As on Mar 31, 2025) | 24797 (As on Feb 01, 2026) |
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MedPlus's funding and investors
MedPlus has raised a total funding of $1.28M over 2 rounds. Its first funding round was on Dec 28, 2006. MedPlus has 39 angel investors.
Here is the list of recent funding rounds of MedPlus:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 08, 2007 | 3891948 | Seed | 8440135 | 5443342 | 9298733 | 1027583 |
Dec 28, 2006 | 8865747 | Angel | 2643625 | 1571712 |
Access funding benchmarks and valuations. Sign up today!View details of MedPlus's funding rounds and investors
MedPlus' founders and board of directors
Founder? Claim ProfileThe founders of MedPlus is Madhukar Gangadi.
Here are the details of MedPlus' key team members:
- Madhukar Gangadi: Founder & CEO of MedPlus and founder of 1 other company. They are also an angel investor in 2 startups and serve on the board of 1 company.
MedPlus' Board of Directors
MedPlus's board has 2 active members. Madhukar Gangadi is part of team and Satya Murali Krishna Kammila . is independent board member.Here is the list of MedPlus' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 21y 1m | |
Independent board member | - | Current | 19y 7m | |
riegypi | Independent board member | - | Past | 5y 5m |
zpfqhmy | Independent board member | - | Past | 1y 3m |
View details of MedPlus's Founder profiles and Board Members
MedPlus' employee count trend
MedPlus has 4,259 employees as of Aug 23. The total employee count is 4.0% more than what it was in Aug 22. Here is MedPlus's employee count trend over the years:
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MedPlus's Competitors and alternates
Top competitors of MedPlus include NimbleRx, Alto and Blink Health. Here is the list of Top 10 competitors of MedPlus, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | NimbleRx 2015, Palo Alto (United States), Acquired | Provider of digital pharmacy management software and prescription delivery services | $74.7M | 75/100 | |
2nd | _1584015723684.png?devicePixelRatio=2&height=30&width=30){kind=logo} Alto 2015, San Francisco (United States), Acquired | Online pharmacy offering prescription delivery services | $592M | 75/100 | |
3rd |  Blink Health 2015, New York City (United States), Series B | Online pharmacy offering discounted prescription drugs | $165M | 75/100 | |
4th | Online pharmacy providing pharmacy products and healthcare services | $88.3M | 74/100 | ||
5th | SastaSundar 2011, Kolkata (India), Acquired | Provider of an online marketplace for health care products | $48.2M | 74/100 | |
6th | Pharmacy2U 1999, Leeds (United Kingdom), Series C | Online pharmacy and teleconsultation platform | $313M | 74/100 | |
7th |  Arogga 2020, Dhaka (Bangladesh), Seed | Provider of an online pharmacy for healthcare products | $5.7M | 71/100 | |
8th | Online medical store offering pharmaceutical products and diagnostic services | $688M | 70/100 | ||
9th |  Thirty Madison 2017, New York City (United States), Acquired | Healthcare platform offers various brands and personalized treatments | $210M | 67/100 | |
10th | Provider of an online pharmacy for medications | - | 66/100 | ||
15th | Web/mobile platform to order for general & prescription based medicines | $1.28M | - | 65/100 |
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MedPlus's Investments and acquisitions
MedPlus has made no investments or acquisitions yet.
Reports related to MedPlus
Here is the latest report on MedPlus's sector:
News related to MedPlus
Filter this listMedia has covered MedPlus for 1 event in last 1 year, It was about company updates.
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MedPlus Margins Recover in Q2, Franchisee Model Expands; Nomura Maintains Buy, Cuts Target PriceMoneycontrol•Oct 30, 2026•MedPlus
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United Nigeria, Medplus partner for passenger health-travel benefitsIndependent•Aug 11, 2025•Flyunitednigeria, MedPlus
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Startoon Labs and Medplus Partner to Introduce Pheezee Joint Health AssessmentMedia Bulletins•Apr 04, 2025•Startoon Labs, MedPlus
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Medplus stock slips 3% after 12.8% equity changes hands in Rs 950 crore large tradeMoneycontrol•Aug 26, 2024•MedPlus
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Why retail pharmacies have a bone to pick with their online counterpartsYourStory•Jul 01, 2024•MedPlus, Tata Group, http://genmart.com
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Medplus decides against fund raising, puts diagnostic expansion on holdB2BCHIEF.COM•Feb 21, 2024•MedPlus
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Medicover Romania consolidates its services dedicated to women’s health, by acquiring Mediplus ClinicBusiness Review•Jan 17, 2022•Medicover, MedPlus
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