Medpay
Entrepreneur First '20India, IN · Founded 2020 · 22 employees on LinkedIn · 3 known investors
MedPay provides a pharmacy management platform that helps neighborhood pharmacies in India digitize operations, manage inventory, process payments, and engage customers through an all-in-one app.
Also known as MedPay · MedPay CCN · MedPay Connected Care Network · Medway Technologies Pvt. Ltd
Founders & leadership
Medpay was founded in 2020 by Ravi Chandra and Arun Bhatia.
Investors · 3
Company profile
researched Aug 2026MedPay, operated by Medway Technologies Pvt. Ltd, is a Bangalore-headquartered healthcare technology company that describes itself as a "Connected Care Network" for India's retail pharmacy sector. Its consumer-facing proposition is an all-in-one mobile app for pharmacy owners covering digital payments (including QR-based collection), GST and non-GST invoicing with WhatsApp sharing, inventory monitoring with automatic stock alerts, regulatory compliance support for store inspections, delivery services for medicine fulfilment, customer engagement through automated reminders and digital orders, and sales/business reporting. Pharmacies that join the network are also given an online "digital store" presence with medicine search and delivery booking, positioning them to compete with larger retail chains. The app is distributed free via Google Play, with a stated 30-day no-questions-asked money-back guarantee [0][1].
A secondary company profile characterizes MedPay more broadly as a technology company building an AI-powered platform that connects healthcare service providers—doctors, pharmacies and diagnostic centres—to insurers. Under this framing, the MedPay Connected Care Network (CCN) allows providers to accept insurance payments in real time and supports cashless outpatient claims, giving insurers access to a large OPD network while giving standalone clinics, pharmacies and labs an additional payment mode [3]. The company was founded in 2020 and is registered under CIN U 72900 KA 2020 PTC 133661, with offices on CMH Road, Indiranagar, Bangalore [0][1][3].
Founding story
Not described in the available sources.
Business model
MedPay operates a B2B network model: it signs up neighborhood pharmacies (and, per one profile, clinics and diagnostic labs) onto its platform and supplies them with software for billing, inventory, compliance, payments and customer engagement, plus delivery support and an online storefront. On the insurance side, the Connected Care Network is described as intermediating between providers and insurers to enable real-time insurance payments and cashless OPD claims, making insurers a second stakeholder group alongside providers [0][1][3].
Not specified in the available sources beyond the app being free to download from the Play Store and a 30-day money-back guarantee being offered, which implies a paid subscription or service component [0][1].
Traction
Sources report 41-60 employees and name five Bangalore pharmacy partners in testimonials; no user, transaction or revenue figures are disclosed [0][1][3].
Latest developments
The most recent verifiable item in the sources is the company's live website marketing its all-in-one pharmacy management app, free Play Store distribution and a 30-day refund guarantee [0][1].
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
The company's website claims to be India's largest retail pharmacy network; this claim is self-reported and not independently corroborated in the sources provided. Public visibility is limited, with a startup-directory profile and one funding news headline as the main third-party references [0][1][3].
Positions itself as a single app combining payments, billing, inventory, compliance, delivery and customer engagement for small pharmacies, rather than point solutions, and as a network that links these providers to insurers for real-time, cashless outpatient payments [0][1][3].
Technology
A mobile application for pharmacy owners providing digital and QR payments, GST/non-GST invoice generation with WhatsApp delivery, inventory tracking with automated alerts, compliance management, automated customer reminders, digital ordering and business analytics reports. One profile describes the underlying platform as AI-powered and API-based, connecting provider systems to insurers for real-time payment and cashless claim processing [0][1][3].
Go-to-market
Direct sign-up through the website ("Join Now") and app download from the Google Play Store, supported by a "Book a Call" inbound sales motion and a phone/email contact channel. Customer testimonials from pharmacies across Bangalore neighborhoods (Bellandur, RR Nagar, Akshaya Nagar, Bommanahalli, Basavanagudi) suggest local, city-level network density building [0][1].
Independent, neighborhood retail pharmacies in India—particularly owner-operated stores seeking to compete with large pharmacy chains—along with standalone clinics and diagnostic labs, and insurers seeking outpatient provider networks [0][1][3].
Geography
Headquartered in Indiranagar, Bangalore, Karnataka, India. All named pharmacy customers in the testimonials are located in Bangalore neighborhoods [0][1][3].
History
Founded in 2020 and incorporated in Karnataka as Medway Technologies Pvt. Ltd (CIN U 72900 KA 2020 PTC 133661). It raised $1.2 million from Entrepreneur First and growX ventures, with total disclosed funding reported at $1.9 million [0][1][3].
Risks & controversies
No controversies are reported in the sources. Two notable data limitations: the company's "India's largest retail pharmacy network" claim is unverified, and the positioning differs between sources—a pharmacy management app on the company site versus an insurer-connected AI claims network in the directory profile. Note also that "MedPay" is a common term for auto-insurance medical payments coverage in the US, unrelated to this company.","investors":"
Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 2
by search overlap
Companies competing with Medpay for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 1
launches, deals, and filingsNews headline referenced on the company's directory profile: "[Funding alert] API startup MedPay raises $1.2M from UK-based EF and GrowX Ventures."
$1.2M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 7
primary sources listed
- Medpaymedpay.in · web
7 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Medpay do?
- Bangalore-based MedPay runs a connected-care network and app that digitizes neighborhood retail pharmacies in India.
- Who founded Medpay?
- Medpay was founded by Ravi Chandra, Arun Bhatia in 2020.
- Who are Medpay's investors?
- Medpay's investors include Entrepreneur First, Sony Ventures Corporation, Supermorpheus.
- Where is Medpay headquartered?
- Medpay is headquartered in India, IN.