Affordmed

Affordmed

Founded 2007 India

Secunderabad, India 22 employees Debt Financing Total: $23.49M Health Care, Manufacturing +1

Affordmed is a prominent player in the medical devices sector in India, with a growing presence in other emerging markets. Established in 2007, the company specializes in providing affordable end-to-end solutions to meet the critical care, diagnostics, and medical devices needs of hospitals and medical institutions. Affordmed’s diverse product range spans across areas such as Orthopedics, Neurology, Cardiology, Laparoscopy, and more, underlining their commitment to meeting a wide range of healthcare needs. As a part of the Health Care and Manufacturing industries, Affordmed has positioned itself to capture the booming demand for affordable and high-quality medical devices and critical care solutions in India and other emerging markets. Overall, Affordmed’s steady growth, extensive product portfolio, and strong foothold in the Indian and emerging markets make it an attractive investment opportunity for venture capital firms seeking to capitalize on the burgeoning healthcare sector in these regions. While specific details about the last investment round and the involved investors are not disclosed, Affordmed's track record and positioning in the industry make it a company worth considering for investment. With the potential for expansion into new markets and the increasing focus on quality healthcare infrastructure, Affordmed holds promise as a lucrative investment prospect in the evolving landscape of the medical devices and critical care industry.

Funding Stage	Amount	Investors	Lead Investors	Date
Debt Financing	INR14.00M	1	ICICI Bank	29 Apr 2023
Debt Financing	INR641.32K	1	IndusInd Bank	23 Sep 2020
Debt Financing	INR1.60M	1	Axis Bank	26 Oct 2017
Debt Financing	INR5.00M	1	IndusInd Bank	18 Aug 2014
Debt Financing	INR719.00K	1	HDFC Bank	10 Jun 2011
Debt Financing	INR1.04M	1	Bajaj Auto Finance	27 May 2011
Debt Financing	INR37.00K	1	Shriram City Union Finance	20 Apr 2011
Debt Financing	INR450.00K	1	Cholamandalam	01 Nov 2010

Funding Stage

Amount

Investors

Lead Investors

Date

Debt Financing

INR14.00M

ICICI Bank

29 Apr 2023

Debt Financing

INR641.32K

IndusInd Bank

23 Sep 2020

Debt Financing

INR1.60M

Axis Bank

26 Oct 2017

Debt Financing

INR5.00M

IndusInd Bank

18 Aug 2014

Debt Financing

INR719.00K

HDFC Bank

10 Jun 2011

Debt Financing

INR1.04M

Bajaj Auto Finance

27 May 2011

Debt Financing

INR37.00K

Shriram City Union Finance

20 Apr 2011

Debt Financing

INR450.00K

Cholamandalam

01 Nov 2010

FAQ About Affordmed

Affordmed was founded in 2007.

Affordmed is headquartered in Secunderabad, India.

Affordmed operates in Health Care, Manufacturing and Medical Devices. Its work centres on Medical Devices Sector, Healthcare Solutions, Critical Care and End-to-End Solutions.

Affordmed has approximately 22 employees.

Affordmed has completed 8 funding rounds, raising a total of $23.49M. The latest funding stage is Debt Financing.

Top alternatives and competitors to Affordmed include Medcuris Healthcare, Nihon Kohden Europe, infinitus Medical Technologies, Human Bio Organics Pvt Ltd, Insight Surgical. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Affordmed and Medcuris Healthcare are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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Funding Rounds & Investors (8)

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FAQ About Affordmed