What is Medikabazaar?
Medikabazaar operates as a comprehensive one-stop destination for all medical product and supply needs, offering a wide array of services that extend beyond simple product procurement. The company, owned and operated by Boston Ivy Healthcare Solutions Pvt. Ltd., provides consultation and seamless, timely supply of medical products. It empowers its clients, including hospitals, nursing homes, and clinics, to efficiently browse, purchase, and instantly utilize medical supplies, backed by extensive experience in product consultation and supply chain management.
How much funding has Medikabazaar raised?
Medikabazaar has raised a total of $445M across 4 funding rounds:
Series A
$5M
Series B
$300M
Series C
$75M
Other Financing Round
$65M
Series A (2018): $5M with participation from KOIS and HealthQuad
Series B (2020): $300M led by Ackermans & Van Haaren
Series C (2021): $75M supported by Ackermans & Van Haaren, KOIS, Sumitomo Mitsui Financial Group, and CDC Group
Other Financing Round (2022): $65M featuring Creaegis, Ackermans & Van Haaren, Lighthouse India Fund, British International Investment, KOIS Holdings, and HealthQuad
Key Investors in Medikabazaar
Ackermans & Van Haaren
Ackermans & Van Haaren is a Belgian holding company established in 1876, with diverse investments across marine engineering, private banking, real estate, energy, and growth capital.
KOIS
KOIS Invest is a private equity investor focused on designing blended finance instruments for sustainable solutions in healthcare, education, and climate, aiming for both financial returns and social impact.
HealthQuad
HealthQuad is India's leading healthcare innovation fund, investing across the value chain to nurture transformative models and create inclusive community impact.
What's next for Medikabazaar?
With its recent major strategic investment and substantial overall capitalisation, Medikabazaar is well-positioned for its next phase of growth. The company's focus on enhancing its service offerings and expanding its reach suggests a strategic move towards solidifying its dominance in the Indian healthcare e-commerce landscape. Future developments are likely to involve further technological integration to streamline procurement processes, potentially expanding into new service verticals, and reinforcing its commitment to providing value-added solutions to healthcare providers.
See full Medikabazaar company page
