Medyseva

Medyseva

Spreading health through technology.

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Financials

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Revenues, earnings & profits over time
USD20222023
Revenues00000000
% growth-162 %
EBITDA00000000
Profit00000000
EV00000000
EV / revenue00.0x00.0x
EV / EBITDA00.0x00.0x
R&D budget00000000

Source: Dealroom estimates

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More about Medyseva
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Medyseva Technologies Private Limited operates as a health-tech company with a clear focus on making healthcare accessible and affordable in rural and semi-urban areas of India. Founded in 2021 by Dr. Vishesh Kasliwal and Rachita Kasliwal, the Indore-based startup emerged from the challenges observed during the COVID-19 pandemic, where a significant gap in quality healthcare access for rural populations became apparent. Dr. Kasliwal, with over a decade of experience in healthcare and qualifications including an MBBS and an MBA in Healthcare Management, identified the critical need to connect underserved patients with qualified urban doctors.

The company's core business revolves around a 'phygital' (physical + digital) B2B2C model. It establishes and operates a network of physical "Medyseva Kendras" (e-clinics) in rural communities. These centers are staffed by trained nurses or paramedics who assist patients, conduct initial assessments, and facilitate secure video consultations with a network of over 1,000 specialist doctors. This model addresses the digital literacy and infrastructure challenges prevalent in these regions. Medyseva's revenue is generated through multiple streams, including teleconsultation fees, satellite clinic charges, sales from medicine vending machines, and fees from specialized healthcare packages.

Medyseva offers a comprehensive suite of services that extends beyond virtual consultations. The platform facilitates diagnostic test bookings, hospitalization, radiology, home care services, and ambulance booking. A key component of its service is the "MedyVend," an IoT-powered, 24/7 automated medicine-dispensing kiosk designed to provide immediate access to prescribed medications, thereby solving the last-mile delivery problem. The company also provides specialized vertical care modules such as Medymind for mental health, Medyshe for women's health, and Medyvision for eye care. By partnering with private hospitals, medical colleges, and doctor consortia, Medyseva ensures a managed, institution-led approach to care delivery.

Since its inception, the company has served over 100,000 patients and expanded its network to over 200 clinics across 10 states. Medyseva has secured seed funding from investors including AIC RNTU, Tholons, and a group of angel investors to fuel its expansion, reinforce its IT infrastructure, and broaden its service offerings. The firm aims to scale its operations significantly, with plans to establish 500 clinics by 2028 and integrate its services with national health initiatives like the Ayushman Bharat Digital Mission.

Keywords: rural healthcare, telemedicine, health-tech, phygital healthcare, e-clinics, virtual consultation, medical access India, diagnostic services, medicine dispensing kiosk, Medyseva Kendras, healthcare B2B2C, Dr. Vishesh Kasliwal, Rachita Kasliwal, affordable healthcare, digital health India, teleconsultation network, healthcare infrastructure, primary healthcare, specialized medical care, home care services, hospital partnerships, rural medicine, healthcare accessibility, health technology, MedyVend, IoT in healthcare

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