# MedCords Healthcare Solutions Pvt.

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

- Industry: Healthcare IT
- Headquarters: Pune, India
- Website: www.medcords.com
- Total disclosed funding: $3.7M
- Latest round: Series A (Mar 20, 2020)
- Investors on record: 3

## About

MedCords Healthcare Solutions Pvt. Ltd. is a digital health platform aimed at improving healthcare accessibility through integrated services for consumers, chemist stores, and medical professionals, enhancing the overall patient experience.Founded in 2016 in Pune, India, MedCords Healthcare Solutions Pvt. Ltd. focuses on digital healthcare solutions. The founding team consists of Nikhil Baheti, Saida Dhanavath, Shreyans M, and Shreyans Mehta. In March 2020, the company raised INR 210 million in a Series A funding round led by Rajasthan Asset Management and WaterBridge Ventures, bringing the total funds raised to INR 210 million along with a current valuation of INR 1,235.275 million.MedCords' core offerings include the Aayu app for online doctor consultations and the Aayu Chemist app for digitizing chemist stores. The platform connects over 500,000 chemist stores in India, allowing consumers to access healthcare services and medications swiftly, addressing medical service accessibility, especially in underserved areas. MedCords aims to serve 50 million families through its innovative solutions in the hyperlocal market across various cities.In the most recent fiscal year 2023, MedCords generated a revenue of INR 636,338.6 with an EBITDA of INR -1,250,162.3, reflecting the company's current operational focus and financial situation.Following the Series A funding in March 2020, MedCords aims to utilize the raised funds to enhance its digital platforms and expand its market reach. The company is focused on developing new features for the Aayu app and plans to enter additional geographic markets within India. The funding will support these initiatives, allowing for an enhanced healthcare delivery system and operational expansion.

## Funding rounds

- Series A, Mar 20, 2020, $2.8M — Rajasthan Asset Management, WaterBridge Ventures
- Seed, Aug 23, 2018, $0.9M — Info Edge (India) Limited, WaterBridge Ventures

## Investors

- Info Edge (India) Limited — Seed
- WaterBridge Ventures (https://capitalatlas.ai/funds/waterbridge-ventures) — Seed, Series A
- Rajasthan Asset Management (https://capitalatlas.ai/funds/rajasthan-asset-management) — Series A