# Boston Ivy Healthcare Solutions Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/boston-ivy-healthcare-solutions-pvt

- Industry: Medical Devices & Equipment
- Headquarters: Mumbai, India
- Website: www.medikabazaar.com
- Total disclosed funding: $158M
- Latest round: Series C (Feb 17, 2024)
- Investors on record: 15

## About

Boston Ivy Healthcare Solutions Pvt. Ltd. is an Indian-based healthcare procurement company that specializes in providing a wide range of medical supplies and equipment to healthcare institutions, facilitating efficient purchasing processes.Boston Ivy Healthcare Solutions Pvt. Ltd., founded in 2014, operates from its headquarters in Mumbai, India. The company focuses on medical procurement solutions for hospitals and clinics. Co-founded by Ketan Malkan and Vivek Tiwari, the firm has completed a total of 11 deals, with the latest being a Series C funding round of USD 15.00 mn raised on February 17, 2024, led by TrueScale Capital. This funding has raised a total of USD 15.00 mn for the company.Medikabazaar offers a comprehensive suite of medical procurement solutions that cater to various healthcare needs, including medical devices, consumables, and refurbished equipment across specialties like dental, ophthalmology, nephrology, and physiotherapy. The platform enhances patient care by addressing supply challenges for hospitals and healthcare providers, primarily serving clients in India, including those in tier 2 and tier 3 cities, while also reaching international markets.In the most recent year, 2021, Medikabazaar reported a revenue of USD 75.30 mn and an EBITDA of USD 610,798.30, reflecting its robust B2B model focused on direct procurement for healthcare institutions through an online platform.In February 2024, Boston Ivy Healthcare Solutions Pvt. Ltd. raised USD 15.00 mn in Series C funding to enhance procurement processes for healthcare facilities across India. The company intends to leverage this funding to develop new products and streamline operations. There are plans to expand its market reach into additional regions across India, targeting tier 2 and tier 3 cities, and potentially looking at international markets to further solidify its operational footprint.

## Funding rounds

- Series C, Feb 17, 2024, $15M — TrueScale Capital
- Series C, Apr 12, 2022, $59M — British International Investment, Ackermans & van Haaren, Lighthouse Funds, KOIS Invest, HealthQuad, Creaegis
- Series C, Sep 21, 2021, $61M — British International Investment, Mitsui Sumitomo Insurance Venture Capital, Ackermans & van Haaren, Rebright Partners, KOIS Invest, HealthQuad, Creaegis, Catalytic Impact Foundation
- Series A, Mar 11, 2020, $3.5M — Ackermans & van Haaren
- Seed, Feb 19, 2020, $0M — Rebright Partners
- Series B, Nov 18, 2019, $16M — Mitsui Sumitomo Insurance Venture Capital, Ackermans & van Haaren, Elan Corporation, Rebright Partners, KOIS Invest, TOPPAN Holdings, HealthQuad, CBC Corporation
- Series A, Sep 24, 2018, $4.7M — Mitsui Sumitomo Insurance Venture Capital, Quadria Capital Investment Management, Elan Corporation, Rebright Partners, KOIS Invest, HealthQuad, CBC Corporation, Sasaki Foods Co.,Ltd.

## Investors

- Mitsui Sumitomo Insurance Venture Capital (https://capitalatlas.ai/funds/mitsui-sumitomo-insurance-venture-capital) — Series A, Series B, Series C
- Quadria Capital Investment Management (https://capitalatlas.ai/funds/quadria-capital-investment-management) — Series A
- Elan Corporation — Series A, Series B
- Rebright Partners (https://capitalatlas.ai/funds/rebright-partners) — Series A, Series B, Seed, Series C
- KOIS Invest (https://capitalatlas.ai/funds/kois-invest) — Series A, Series B, Series C
- HealthQuad (https://capitalatlas.ai/funds/healthquad) — Series A, Series B, Series C
- CBC Corporation — Series A, Series B
- Sasaki Foods Co.,Ltd. — Series A
- Ackermans & van Haaren (https://capitalatlas.ai/funds/ackermans-van-haaren) — Series B, Series A, Series C
- TOPPAN Holdings — Series B
- British International Investment — Series C
- Creaegis (https://capitalatlas.ai/funds/creaegis) — Series C
- Catalytic Impact Foundation (https://capitalatlas.ai/funds/catalytic-impact-foundation) — Series C
- Lighthouse Funds (https://capitalatlas.ai/funds/lighthouse-funds) — Series C
- TrueScale Capital (https://capitalatlas.ai/funds/truescale-capital) — Series C