# Manipal Group

> Manipal Group is a VC fund in Bangalore backing Health Care and FinTech. See 12 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Bangalore, India
- Total investments: 12
- Last investment: Nov 2025
- Lead investor: 42%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/manipal-education-and-medical-group-international-india-pvt.-ltd.
- Website: http://www.manipalgroup.com

Manipal Group is a VC fund in Bangalore focused on Health Care and FinTech. Manipal Group provides education and healthcare services in India and internationally through its subsidiaries.Manipal has been imparting world class education for over six decades.Manipal Acunova Pvt. Ltd. is a collaborative venture between the Manipal Education and Medical Group International India Pvt. Ltd. and AcuNova Ltd. They are alsoproud of their Stem Cell Research Programme.Manipal Healthcare manages 11 hospitals including 8 teaching hospitals, making it Asia’s largest healthcare management group.Manipal Cure & Care is a healthcare retail venture of Manipal group. Manipal cure and Care endeavors to establish Health & Wellness zones which focus on Wellness, Preventive, and Beauty. MNE Technologies Pvt. Ltd. is the only Asian group of company solely dedicated to providing integrated biomedical equipment maintenance and management and started its operations in India in the year 2000 following in-depth market analysis and customer surveys.The Manipal Foundation has been providing challenging global opportunities in Education & Healthcare to committed,talented and needy youth,besides preserving and promoting culture and traditions that make for a wholesome community. It fulfills this objective by offering Indian and International students a variety of scholarships and fellowships to pursue their ambitions in the fields of Education and Healthcare.

## Contacts

5 contacts available for Manipal Group. Shizune tracks 4 team members at Manipal Group. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/manipal-group?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $200k–$912k |
| Series C | $24M–$26M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Health Care | 3 | 25% |
| FinTech | 2 | 17% |
| Wellness | 2 | 17% |
| Education | 2 | 17% |
| E-Commerce | 2 | 17% |

29 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 7 | 58% |
| Series C | 2 | 17% |
| Angel | 1 | 8% |
| Series A | 1 | 8% |
| Funding Round | 1 | 8% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Ranjan Pai | MD & CEO | 14 | https://shizune.co/investors/profile/ranjan-pai-4 |
| Harinarayan Sharma | Managing Director | 1 | https://shizune.co/investors/profile/harinarayan-sharma |
| Nishith Mohanty | Global Human Resources Head & Chief Human Resources Officer | 0 | https://shizune.co/investors/profile/nishith-mohanty |
| Shriniwas Joshi | Chief Finance Officer | 0 | https://shizune.co/investors/profile/shriniwas-joshi |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Aakash Educational Services | Aakash Educational Services provide quality coaching & guidance for Engineering Entrance Examination (i.e. JEE Main & Advanced). It is a premier educational institution providing comprehensive test preparatory services for medical, engineering, school/board exams, and competitive scholarship exams through its 201+ Centres branchedacross the country. | $11.2M |  | Nov 28, 2025 |  |
| Indium Finance | Indium Finance is a Fintech NBFC platform for Distribution Finance and ‘Buy Now Pay Later’ solutions for SMEs. | $563.5K | Seed | Aug 23, 2022 |  |
| EKAM | EKAM is a part of The Manipal group. | $601.1K | Angel | Jul 19, 2022 |  |
| TartanHQ | TartanHQ is an infrastructure platform that helps enterprises integrate customer data across applications, resolve identity, and automate operational workflows using system-level intelligence. It connects data across fragmented enterprise systems and enables AI-powered workflows through three core products: HyperSync - Integrates 100+ HRIS, ERP,CRM platforms to unify & standardize siloed & fragmented enterprise data in real-time without custom connectors HyperApps - AI-driven workflows for compliance, onboarding, and process automation deployed without heavy engineering HyperVerify - Consent-driven Real-time verification of identity, employment, address, income, and business credentials to streamline onboarding, scale decisioning and reduce fraud |  | Seed | Feb 15, 2022 |  |
| University Living | University Living is a global provider of quality student accommodation with 5,00,000 beds in 4,500 verified properties across 110+ international cities in the UK, USA, Europe, Australia, Singapore, and UAE. Their 24/7 support team of experts are committed to helping you discover, compare, and book value-for-money student accommodation at noadditional cost. Started in January, 2015 by two former roommates with twelve years of industry experience between them, they have grown to assist students from 120+ countries across 850+ universities in three, stellar years. Winning the Economic Times' Power of Ideas was the highlight of a truly spectacular debut year. In 2016, they kept that momentum going as one of the Ten Best Start-Ups rewarded by IIIT-Delhi, won of the BigB Plan organized by Espark-Viridian Accelerator in association with Headstart Network Foundation, and were officially recognized by Startup India. The following year, they were featured on CNBC Young Turks as future industry leaders. You can learn more about their exciting journey on Your Story and BW Disrupt. |  | Seed | Aug 23, 2018 |  |
| PharmEasy | PharmEasy is a health tech startup offering services such as teleconsultation, medicine deliveries, and diagnostic test sample collections.It also operates an online pharmacy that helps patients connect with local pharmacy stores and diagnostic centers in order to fulfill their extensive medical needs. The startup company is funded and backed byCaisse de Dépôt et Placement du Québec (CDPQ), Ascent Health, Bessemer Venture Partners, Orios Venture Partners, Eight Roads Ventures, InnoVen Capital, and Temasek Holdings.PharmEasy was founded in 2015 by Dharmil Sheth, Mikhil Innani, and Dhaval Shah as a subsidiary of Ascent Health. | $23.7M | Series C | Feb 28, 2018 |  |
| Portea Medical | Portea Medical is India’s home healthcare pioneer and the largest and fastest growing provider of in-home medical care in India today with a 24-city network. Portea’s comprehensive services encompass geriatric care, post-operative care, palliative care and physiotherapy. The company offers home visits from physiotherapists, nursing attendants,nurses and doctors. In addition, Portea also provides collection of lab samples from patients’ homes and medical equipment on hire, bringing the entire gamut of healthcare services to a patient’s doorstep. | $26M | Series C | Nov 21, 2017 |  |
| Grow Fit | Grow Fit is a mobile health companion that uses artificial intelligence with over 300 million users.The company is empowering Indians to prevent, and even reverse, lifestyle diseases by addressing one of their root causes - nutrition. Grow Fit works towards designing foods that offer balanced nutrition while using only the finest naturalingredients. | $4.5M | Series A | Jun 21, 2017 |  |
| Grow Fit | Grow Fit is a mobile health companion that uses artificial intelligence with over 300 million users.The company is empowering Indians to prevent, and even reverse, lifestyle diseases by addressing one of their root causes - nutrition. Grow Fit works towards designing foods that offer balanced nutrition while using only the finest naturalingredients. | $911.5K | Seed | Oct 01, 2016 |  |
| Goodbox | There are 60 million SMEs in India and 1.5 million companies. All of them want to cater to the 400 million smartphone users by getting an app. Businesses find it difficult to get an app because it's expensive, takes time and is complicated to create and maintain. Consumers on the other hand don't want to download multiple apps.Goodboxsolves these 2 issues by giving businesses a Mini App and consumers a Mega App. Mini Apps are readymade apps any business can get within 5 minutes. It has power packed features. And consumers can download just the Goodbox Mega App to access millions of businesses that create their Mini App on Goodbox - without having to download multiple apps.Goodbox Mega App aims to be the largest commerce network built through businesses who invite their own customers to the platform. | $200K | Seed | May 26, 2015 |  |

10 of 12 investments shown.

## Co-investors
- [IAN Group](https://shizune.co/investors/profile/indian-angel-network) — VC Fund, 3 deals together
- [500 Global](https://shizune.co/investors/profile/500-startups) — VC Fund, 1 deal together
- [Accel](https://shizune.co/investors/profile/accel) — VC Fund, 1 deal together
- [Beeaar Investco](https://shizune.co/investors/profile/beeaar-investco) — VC Fund, 1 deal together
- [Bessemer Venture Partners](https://shizune.co/investors/profile/bessemer-venture-partners) — VC Fund, 1 deal together
- [EMVC](https://shizune.co/investors/profile/emphasis-ventures) — VC Fund, 1 deal together

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## FAQ

### What does Manipal Group invest in?

Manipal Group invests primarily in Health Care, FinTech and Wellness startups, most often at Seed and Series C stage. Most of the 12 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Manipal Group's check size?

Manipal Group typically joins rounds of $200k–$912k at Seed and $24M–$26M at Series C. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Manipal Group participates in.

### How do I contact Manipal Group?

Public channels for Manipal Group include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Manipal Group?

The team at Manipal Group includes Ranjan Pai (MD & CEO), Harinarayan Sharma (Managing Director) and Nishith Mohanty (Global Human Resources Head & Chief Human Resources Officer). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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