When was Panacea founded?

Panacea was founded in 1999 and raised its 1st funding round 14 years after it was founded.

Where is Panacea located?

Panacea is headquartered in Kolar, India. It is registered at Plot No.35 4th Phase, KIADB Industrial Area, Kolar, Malur, Karnataka, India, 563130.

Who is the current CEO of Panacea?

Raghu Padmanabhan of Panacea. They have also founded 1 company.

Which legal entities is Panacea associated with?

Panacea is associated with PANACEA MEDICAL TECHNOLOGIES PRIVATE LIMITED.

How many employees does Panacea have?

As of Aug 31, 2025, the latest employee count at Panacea is 361.

Is Panacea a funded company?

Panacea is a funded company, having raised a total of $16.5M across 10 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Dec 27, 2013.

How much is Panacea worth?

The latest valuation of Panacea is ₹***** as of Nov 11, 2025.

When was the latest funding round of Panacea?

Panacea's latest funding was a $***** Conventional Debt round on Oct 19, 2026, with participation from 2 investors.

What is the annual revenue of Panacea?

Annual revenue of Panacea is between ₹50 Cr and ₹100 Cr as on Mar 31, 2025

Where does Panacea rank among its competitors?

Panacea ranks 3rd amongst 15 active competitors, of which 5 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Panacea, which secured $5.8M in Jan, 2025.

Who are the top competitors of Panacea?

Panacea's top competitors include BetaGlue Technologies, Viewraysystems and Kallisio. Among them, Panacea secured the most recent funding round in October, 2026.

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

Company Details

Developer of devices for radiotherapy. The product Bhabhatron MLC and Bhabhatron 3 are gamma therapy units, Imagin is an advanced radiotherapy simulator, Siddharth II has stereotactic Imaging, and Impact for immobilization and patient positioning. The company also has mammography units which include Lilac 2DC, Lilac 2DD, and Lilac.

Website: www.panaceamedical.in/
Social
Email ID: *****@panaceamedical.com
Phone Number: +91 **********
Registered Address: Plot No.35 4th Phase, KIADB Industrial Area, Kolar, Malur, Karnataka, India, 563130

Key Metrics

Founded Year

1999

Location

Kolar, India

Stage

Series E

Total Funding

$16.5M in 10 rounds

Latest Funding Round

Conventional Debt, Oct 19, 2026, $*****

Post Money Valuation

₹***** as on Nov 11, 2025

Investors

New Enterprise Associates & 14 more

Ranked

3^rd among 15 active competitors

Annual Revenue

₹50 - ₹100 Cr as on Mar 31, 2025

Employee Count

361 as on Aug 31, 2025

Similar Companies

BetaGlue Technologies & 17 more

View Panacea's full profile

Panacea is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
PANACEA MEDICAL TECHNOLOGIES PRIVATE LIMITED CIN: U33112KA1999PTC079963 , India, Active	Mar 26, 1999	₹50 - ₹100 Cr (As on Mar 31, 2025)	451 (As on Apr 01, 2026)

Panacea has raised a total funding of $16.5M over 10 rounds. Its first funding round was on Dec 27, 2013. Its latest funding round was a Conventional Debt round on Oct 19, 2026 for $*****. 2 investors participated in its latest round. Panacea has 5 institutional investors and 10 angel investors.

Here is the list of recent funding rounds of Panacea:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 19, 2026	7244194	Conventional Debt	3079981	7979738	3147276	8450197
Nov 11, 2025	3410991	Series E	8761974	5334438	6138605	Claypond Capital
Jan 02, 2025	2815597	Series D	8060277	9773561	Claypond Capital	3406289

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View details of Panacea's funding rounds and investors

The founders of Panacea are Raghu Padmanabhan and Gvs Manyam. Raghu Padmanabhan is the CEO of Panacea.

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

Raghu Padmanabhan: Co-Founder & CEO of Panacea.
Contact Info: 1 email address
Gvs Manyam: Co-Founder & Managing Director of Panacea.
Contact Info: 2 email addresses

Panacea's Board of Directors

Panacea's board has 6 active members. Tarun Sharma, Charles Antoine Antoine Janssen, Bala C Deshpande, Satyalakshmi Goteti, Ramann Yerramilli and Nagavalli Goteti are independent board members.

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

Name	Type	Representing	Status	Duration
Tarun Sharma	Independent board member	-	Current	10y 11m
pvslhog	Independent board member	-	Current	6y 2m
ywplkhz	Independent board member	-	Current	5y 5m
ihakhal	Independent board member	-	Current	4y 1m
lezggsm	Independent board member	-	Current	2y 1m
lrkouzn	Independent board member	-	Current	3y 3m

View details of Panacea's Founder profiles and Board Members

Panacea's employee count trend

Panacea has 361 employees as of Aug 25. The total employee count is 6.0% more than what it was in Aug 24. Here is Panacea's employee count trend over the years:

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Top competitors of Panacea include BetaGlue Technologies, Viewraysystems and Kallisio. Here is the list of Top 10 competitors of Panacea, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	BetaGlue Technologies 2017, Milano (Italy), Series A	Provider of a radiotherapy platform for the treatment of solid tumors	$18.9M	Neva SGR, LIFTT & 8 others	54/100
2nd	Viewraysystems 2004, Lage (Germany), Public	Manufacturer of MRI-guided radiation therapy systems for cancer treatment	$177M	F-Prime Capital, Next47 & 12 others	51/100
3rd	Panacea 1999, Kolar (India), Series E	Developer of devices for radiotherapy	$16.5M	MegaDelta Capital, New Enterprise Associates ... & 13 others	49/100
4th	Kallisio 2022, Baltimore (United States), Unfunded	Developer of 3D printed oral stents for head and neck cancer patients	-	-	41/100
5th	EMulate Therapeutics 2002, Seattle (United States), Public	Developer of radiofrequency based devices for treatment of cancers	$23.2M	-	39/100
6th	RITA Medical Systems 1994, Fremont (United States), Acquired	Products for oncology therapy	-	Avista Capital Partners, Synergy Ventures	33/100
7th	Innoblative Designs 2013, Chicago (United States), Seed	Developer of electrosurgical devices for multiple surgical procedures	$3.26M	Village Capital, VentureWell	30/100
8th	THERYQ 2022, Peynier (France), Unfunded	Developer of radiotherapy machines for cancer treatment	-	-	29/100
9th	Medsphere 2002, Shanghai (China), Series A	Developer of radiofrequency ablation and minimally invasive electrosurgical medical devices	-	TF Capital, JAFCO Asia & 1 others	29/100
10th	Ehmet Health 2015, Plymouth (United States), Seed	Developer of radiotherapeutic devices for treating breast cancer	$150K	-	28/100

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Founders own 21.13%, Funds (largest shareholder) own 38.40%, Enterprises own 13.19% and Other People own 21.80%. The net worth of Panacea's founders is INR 142Cr as of Nov 11, 2025. The cap table displayed below is for PANACEA MEDICAL TECHNOLOGIES PRIVATE LIMITED which is the legal entity associated with Panacea.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	21.13%	142Cr	4693687	3424948	6869413	8867358
Gvs Manyam	4404796	2996262	4540268	2798005	3981540	2626713
Fund	38.40%	258Cr	4930001	7494280	5885939	7162400
Enterprise	13.19%	88.7Cr	8892771	2433071	8411289	7212332
Other People	21.80%	147Cr	7884775	8600662	5022101	7470816
ESOP Pool	5.48%	36.9Cr	39653	71950	16330	50823
Total	100.00%	672Cr	8990978	7749797	5025786	3504431