Category: News

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Medikabazaar revenue crosses Rs 550 Cr in FY21, inches closer to profitability

Mumbai-based Medikabazaar has made a real impact in the hospital supply space as obvious from its $75 million worth Series C round. It’s also one of the most valued startups in the hospital procurement space as its valuation crossed Rs 1,750 crore [$235 million] during the last fundraise in September.  The interest of investors such as CREAEGIS and CDC Group who co-led the Series C round had come on the back of Medikabazaar’s strong growth in...

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Medikabazaar to expand warehousing capacity in underserved regions

The geographical expansion is aimed at reducing delivery turnaround times, ensuring better availability of medical supplies in underserved regions and rural areas, improving accessibility of healthcare supplies and facilities in the remote regions of the country. In order to strengthen the company’s supply chain infrastructure, B2B Health-tech platform Medikabazaar announced the expansion of warehousing capacity across India. The target behind the expansion, is to reduce the wide supply chain gap between metropolitan and tier-II,...

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The Next Unicorn in India May Be CDC-Backed Startup Medikabazaar

Medikabazaar plans to have an IPO in three years, CEO says Digital platform supplies some of India’s biggest hospitals Medikabazaar, an online platform selling medical supplies and equipment to some of India’s biggest hospital chains, aims to hit a $1 billion valuation within the next three to six months as it taps into an e-commerce funding boom in the country. The parent company Boston Ivy Healthcare Solutions Pvt. expects to reach unicorn status by the end...

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Medikabazaar collaborates with Korea’s Boditech Med Inc to bring automated desktop analysers to the Indian market

Boditech’s automated desktop analyzers- the AFIAS 1 and AFIAS 6 immunoassay analyzers with a range of reagents and diagnostic kits will be distributed through Medikabazaar’s distribution channels. India’s leading B2B Healthtech platform, Medikabazaar announced collaboration with leading Korea-based Point of Care testing and In-Vitro Diagnostic company Boditech Med Inc. Under the collaboration, Medikabazaar will distribute Boditech’s In-Vitro Diagnostic Solutions using its network. Boditech’s automated desktop analyzers- the AFIAS 1 and AFIAS 6 immunoassay analyzers...

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Medikabazaar gets $75 million funding from Creaegis, CDC Group

Medikabazaar, a business-to-business healthtech platform, said it has raised $75 million in a Series C funding round led by Creaegis, along with CDC Group, the UK’s development finance institution, making it the highest fundraising in the B2B healthcare space. The company will use the funds to strengthen its digital capabilities, deepen the supply ecosystem and technology driven distribution channels, and bolster capacity, it said in a release. The funding will also help the startup...

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Medikabazaar in The Hindu

Medikabazaar on 15th February 2019, released the official Hospital Directory with the Association of Hospital Providers (India) AHPI in New Delhi. We are the authorized Value-based Purchase Organization (VPO) for the AHPI member hospitals where we will be helping them to procure their required medical supplies via a streamlined and transparent supply chain leading to approximately 30% OpEx savings. Our powerful online platform act as a one-stop purchase point for all medical products thus...