# Medi Assist Healthcare Services

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/medi-assist-healthcare-services

- Industry: Healthcare IT
- Headquarters: Bangalore, India
- Website: www.mediassist.in
- Total disclosed funding: $244M
- Latest round: Series C (Aug 30, 2023)
- Investors on record: 18

## About

Based in Bengaluru, India, and founded in 2002 by Satish Kannan, Medi Assist Healthcare Services Limited operates as an online platform that enables customers to access healthcare services. In January 2024, Medi Assist raised pre-IPO funding from investor Novo Holdings. Following the transaction, Novo Holdings will own a 6% minority stake in the company.

The company offers an online application that allows users to access teleconsultation services, book lab test appointments, and order medicines through prescriptions. The firm also provides insurance services that enable users to track their policy claims on the platform, hospitalization network, and plans. MediBuddy also provides services for dental, physical wellness, and expert services for cancer care in analyzing cancer reports.

The company's revenue is generated from developing digital medical services and health insurance.

## Funding rounds

- Series C, Aug 30, 2023, $18M — Quadria Capital Investment Management, Lightrock, TEAMFund
- Series C, Feb 21, 2022, $125M — Bessemer Venture Partners, JIF Capital, Quadria Capital Investment Management, Lightrock, Rebright Partners, FinSight Ventures, InnoVen Capital, Stride Ventures, TEAMFund, India Life Sciences Fund III
- Series B, Feb 2, 2021, $40M — Bessemer Venture Partners, JIF Capital, Rebright Partners, FinSight Ventures, Milliways Ventures, InvAscent Capital Partners, Beyond Next Ventures, TEAMFund, ALES Global, India Life Sciences Fund III
- Series B, Jun 4, 2020, $20M — Mitsui Sumitomo Insurance Venture Capital, Bessemer Venture Partners, Rebright Partners, Milliways Ventures, Beyond Next Ventures, Fusian Capital
- Series B, Oct 15, 2013, $21M — Investcorp India Asset Managers
- Series A, Oct 25, 2011, $20M — Bessemer Venture Partners, Reliance Health Ventures

## Investors

- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A, Series B, Series C
- Reliance Health Ventures — Series A
- Investcorp India Asset Managers (https://capitalatlas.ai/funds/investcorp-india-asset-managers) — Series B
- Mitsui Sumitomo Insurance Venture Capital (https://capitalatlas.ai/funds/mitsui-sumitomo-insurance-venture-capital) — Series B
- Rebright Partners (https://capitalatlas.ai/funds/rebright-partners) — Series B, Series C
- Milliways Ventures (https://capitalatlas.ai/funds/milliways-ventures) — Series B
- Beyond Next Ventures (https://capitalatlas.ai/funds/beyond-next-ventures) — Series B
- Fusian Capital (https://capitalatlas.ai/funds/fusian-capital) — Series B
- JIF Capital (https://capitalatlas.ai/funds/jif-capital) — Series B, Series C
- FinSight Ventures (https://capitalatlas.ai/funds/finsight-ventures) — Series B, Series C
- InvAscent Capital Partners (https://capitalatlas.ai/funds/invascent-capital-partners) — Series B
- TEAMFund — Series B, Series C
- ALES Global (https://capitalatlas.ai/funds/ales-global) — Series B
- India Life Sciences Fund III — Series B, Series C
- Quadria Capital Investment Management (https://capitalatlas.ai/funds/quadria-capital-investment-management) — Series C
- Lightrock (https://capitalatlas.ai/funds/lightrock) — Series C
- InnoVen Capital — Series C
- Stride Ventures — Series C