Biddano Pvt. Ltd.
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Biddano Pvt. Ltd. - overview
Established
2016
Location
Pune, Maharashtra, India
Primary Industry
Consumer Services
About
Biddano Pvt. Ltd. is a healthcare marketplace dedicated to enhancing the healthcare ecosystem by providing a diverse range of pharmaceutical products aimed at improving health management for consumers in India. Founded in 2016 in Pune, India, Biddano Pvt.
Ltd. operates a healthcare marketplace that connects consumers with pharmaceutical products. The company raised USD 2. 00 mn in pre-Series A funding on September 6, 2021, led by an individual investor with participation from JPIN Venture Catalysts and returning investors such as AngelList and Venture Catalysts.
The firm is co-founded by Ashok Yadav and Talha Shaikh, who also serves as CEO. Biddano Marketplace specializes in a diverse range of healthcare products, primarily offering pharmaceutical items like Asthalin Respule, Glycomet-gp tablets, and electrolyte solutions such as Electral. These products cater to specific health needs, targeting end-users in India, while ensuring accessibility through a user-friendly online platform. The company's clientele includes healthcare practitioners and individual consumers, addressing the demand for essential healthcare products in both urban and rural markets across various states in India.
In the most recent year, 2023, Biddano Marketplace generated revenue of USD 1,652,367. 30, with an EBITDA of USD -2,389,145. The company operates on a B2C model, facilitating direct sales of healthcare products through its online and mobile platforms. The structured pricing model includes Manufacturer's Recommended Price (MRP) and Price to Retailer (PTR), enabling Biddano to maintain profitability while serving its customer base effectively.
Biddano Pvt. Ltd. aims to utilize the recent funding of USD 2. 00 mn to enhance its supply chain platform by investing in product development, engineering, and market teams.
This will enable the company to offer more value-added services and improve customer experience. The firm is focused on launching new healthcare products and expanding its market presence, with specific plans to enter additional regions across India in the near future.
Current Investors
Samvida Healthcare Private Limited, Windrose Capital, Next Billion Capital Partners
Primary Industry
Consumer Services
Sub Industries
Courier & Delivery Services, Logistics Software, Analytics & Performance Software
Website
www.biddano.com
Verticals
Artificial Intelligence, Mobile Apps
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Biddano Pvt. Ltd. - timeline of key events
Biddano Pvt. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 8,070 | 970,382 | 1,513,796 | 9,083,625 | 17,322,153 | - | - | - |
| % Revenue Growth (YoY) | - | 11924.6% | 56.0% | 500.1% | 90.7% | - | - | - |
| EBITDA (USD) | (317,057) | 82,867 | (2,813,712) | (16,073,322) | (34,938,501) | - | - | - |
| Operating Income (USD) | (317,057) | 80,519 | (2,816,262) | (16,128,916) | (35,124,183) | - | - | - |
| Operating Margin | (3928.8%) | 8.3% | (186.0%) | (177.6%) | (202.8%) | - | - | - |
| % EBITDA Margin | (3928.8%) | 8.5% | (185.9%) | (176.9%) | (201.7%) | - | - | - |
| NET Income (USD) | (317,057) | 63,788 | (2,816,262) | (16,128,916) | (35,102,561) | - | - | - |
| % Net Margin | (3928.8%) | 6.6% | (186.0%) | (177.6%) | (202.6%) | - | - | - |
Biddano Pvt. Ltd. - employee data
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