# MedTrail Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/medtrail-technologies-private

- Industry: Healthcare
- Headquarters: New Delhi, India
- Website: www.medtrail.in
- Total disclosed funding: $4.8M
- Latest round: Series A (Sep 13, 2019)
- Investors on record: 6

## About

MedTrail Technologies Private Limited specializes in innovative digital healthcare solutions, enhancing prescription management for healthcare providers through AI-powered tools and integrated Electronic Medical Records (EMR) systems.Founded in 2017 and headquartered in New Delhi, India, MedTrail Technologies Private Limited focuses on digitizing healthcare processes. The company successfully raised INR 286.3 million in Series A funding on September 13, 2019, with investments from SAIF Partners and Elevation Capital. The firm has completed 2 deals to date, contributing to its current valuation of INR 1,157.643 million.MedTrail offers a suite of digital healthcare solutions aimed at streamlining medical prescription management. Their flagship product, an AI-powered smart assistant, digitizes handwritten prescriptions, improving efficiency for over 2,000 healthcare professionals across 24 specialties. Additionally, MedTrail provides Electronic Medical Records (EMR) systems, facilitating real-time collaboration among healthcare providers and enhancing patient experiences. Their solutions are primarily aimed at urban healthcare professionals in India, helping to digitize over 20 lakh prescriptions in six cities.In the most recent fiscal year of 2022, MedTrail reported revenue of INR 31,654.7 million. The company operates on a subscription-based revenue model, allowing healthcare providers to access its suite of digital solutions, which fosters continuous service utilization and support while enhancing operational efficiency.MedTrail plans to leverage the recent Series A funding to expand its product offerings by enhancing its AI capabilities and introducing new features in its EMR systems. The company aims to enter additional urban markets across India by 2024, focusing on cities with high healthcare demand. The funding will support strategic initiatives to bolster their technology infrastructure and facilitate market entry, thereby enhancing service delivery and operational capabilities.

## Funding rounds

- Series A, Sep 13, 2019, $4M — SAIF Partners, STRIVE, Elevation Capital, LVX, Diverse Middle East FZE
- Seed, Jan 29, 2019, $0.8M — STRIVE, LVX, Diverse Middle East FZE, Kb1 Capital India Private Limited

## Investors

- STRIVE (https://capitalatlas.ai/funds/strive) — Seed, Series A
- LVX (https://capitalatlas.ai/funds/lvx) — Seed, Series A
- Diverse Middle East FZE — Seed, Series A
- Kb1 Capital India Private Limited — Seed
- SAIF Partners (https://capitalatlas.ai/funds/saif-partners) — Series A
- Elevation Capital — Series A