S. No.

Company Name Parent Company Type

1 Docplexus Professional Networking

2 Curofy Roundglass Professional Networking

3 eMediNexus IJCP Professional Networking

4 Docintosh Professional Networking

5 PlexusMD Professional Networking

primary aimed at job
market

6 Dailyrounds M3 Professional Networking

 7 Healthpole Professional Networking

8 GoodMD Lybrate Professional Networking

9 IJCP Group Online Publication

10 Brandcare Healthcare Media

Communications

11 eMedicoz eLearning

12 Buzz4Health eLearning
Doctor Network Size
380,000+
94 specialties
65,000+ daily logins
2,500+ monthly registration
50,000+ case study discussions till date

400,000
1,000+ specialties
220,000+ case study discussions till date

50,000+ doctors
20+ conference coverages
5000+ articles
1000+ quizzes

200,000+

1,300,000
40 publications daily
150,000

200,000 per month

2500+ downloads
150+ practice sets
100+ quizzes
Service Portfolio for Doctors
Medical content creation & moderation
New product features for peer to peer engagement and
knowledge sharing
Online CMEs, webinars and competitions
News, Healthcare and Drug Updates
Pharmacovigilance

Medical content creation & moderation

New product features for peer to peer engagement and
knowledge sharing
Online CMEs, webinars and competitions
News, Healthcare and Drug Updates
eConsultation
Genie for Job Search, Loans, Insurance solutions, Equipment
purchase, Medico - Legal Advice

Medical content creation & moderation

New product features for peer to peer engagement and
knowledge sharing
Online CMEs, webinars (incl. IMA webcasts)
News, Healthcare and Drug Updates
Medico-Legal advisory

Medical content creation & moderation

New product features for peer to peer engagement and
knowledge sharing
News, Healthcare Updates

Medical content creation & moderation

New product features for peer to peer engagement and
knowledge sharing
Certificate courses
News, Healthcare and Drug Updates
Job search

Network & content creation

Knowledge resources, Drug Database, ECGs & treatment
guidelines
CMEs
Network & content creation
Knowledge resources
CMEs
Job search
Marketplace for doctors

Network & content creation

healthcare communications, consulting, publishing and

education

Online courses for entrance exams and CMEs

Case studies
Mock quizzes
Service Portfolio for Pharma Presence abroad
Pharmabuzz for PR and digital content marketing India
Insights and data for marketing
Conducts surveys

Sales, Marketplace and Lead Generation ME and SEA entry plans in

PR and digital content marketing 2019
Insights and data for marketing

Sales, Marketplace and Lead Generation India

PR and digital content marketing
Insights and data for marketing

Content marketing India

Market research
Paid surveys and projects

Marketing communication India

Marketing communication India

Marketing communication and insights India
eCommerce

Marketing communication and insights India

Sales, Marketplace and Lead Generation India

PR and digital content marketing
Media and communication solutions India
Market Research
Paid surveys and projects
India

None India
HQ Location Year of Incorporation Pharma clientele
Pune 2013 As on 2017, 25 digital marketing
projects with 17 reputed pharma
players including Lupin, Eli Lilly &
Co., Dr. Reddy's, Cipla, Novartis, GSK,
Merck, Piramal, Sanofi and Sun
Pharma

New Delhi 2014

New Delhi 2015

Thane 2014

Ahmedabad 2014

Bangalore 2014
Pune 2015

New Delhi 2018

New Delhi 1990 60+

Mumbai 2001

New Delhi 2017

New Delhi 2013

Revenue Model
Marketing revenue from pharma

Marketing revenue from pharma cos.

Plans to change to freemium model

Marketing revenue from pharma

User subscription
Recruitment solutions
Consulting solutions

Marketing revenue from pharma

Recruitment solutions
Consulting solutions

Marketing revenue from pharma

Recruitment solutions
Consulting solutions

Marketing revenue from pharma

Recruitment solutions
Consulting solutions
Marketing revenue from pharma
Recruitment solutions
Consulting solutions
CME, Events and Conferences fees
eCommerce

Marketing revenue from pharma

Course fees

Course fees
 Company Name Year of Incorporation Funding Amount Funding Year
Docplexus 2013 $ 705,000 2015

Curofy 2014 $ 193,000 2017

PlexusMD 2014 $ 265,000 2016

DailyRounds 2014 $ 1,700,000 2016
IJCP Group 1990 Unfunded
Investors Estd. Annual Revenue Revenue Date
2 $ 1,160,000 31-Dec-18

20 $ 162,100 31-Dec-17

$ 94,400 31-Dec-17
8 $ 5,800,000 31-Dec-18
$ 35,000,000
 Estd. Employee Strength Date Valuation Valuation Year
140 a/c to LinkedIn 31-Dec-20 $ 6,000,000 1-Aug-16
106
37 2-Feb-18 $ 4,700,000 19-Nov-15

193 31-Dec-20
38
 M&A Deal

Acquired by Roundglass in 2018

$9,000,000 - $12,000,000 all cash deal

Acquired by M3
(All values in mn) 2018 2019 2020 2021
Sales $ 11.6 $ 17.4 $ 26.1 $ 39.2
Annual growth 50% 50% 50%
EBITDA $ 1.74 $ 2.61 $ 3.92 $ 5.87
Depreciation $ 0.58 $ 0.87 $ 1.31 $ 1.96
PBT $ 1.16 $ 1.74 $ 2.61 $ 3.92
Taxes $ 0.29 $ 0.44 $ 0.65 $ 0.98
PAT $ 0.87 $ 1.31 $ 1.96 $ 2.94
Capex $ 0.58 $ 0.87 $ 1.31 $ 1.96
Change in WC $ 0.12 $ 0.17 $ 0.26 $ 0.39
Free Cash Flow $ 0.75 $ 1.13 $ 1.70 $ 2.54
PV of FCF
Terminal value $ 6.13
PV of Terminal Value $ 1.19
Net Present Value $ 45.95
Debt $ 0.71
Value $ 45.24

Assumptions
Annual revenue growth rate range
Under $50mn 50%
$50mn to $150mn 30%
$150mn $1bn 25%
Breakeven 5 yrs
Average annual EBITDA margin 15%
Depreciation 5%
Tax rate 25%
Capex as % of revenue 5%
Change in WC as % of Revenue 1%
Discounted rate 20%
Terminal growth 3%
 2022 2023 2024 2025 2026 2027 2028
$ 58.7 $ 76.3 $ 99.2 $ 129.0 $ 161.3 $ 201.6 $ 252.0
50% 30% 30% 30% 25% 25% 25%
$ 8.81 $ 11.45 $ 14.89 $ 19.35 $ 24.19 $ 30.24 $ 37.80
$ 2.94 $ 3.82 $ 4.96 $ 6.45 $ 8.06 $ 10.08 $ 12.60
$ 5.87 $ 7.63 $ 9.92 $ 12.90 $ 16.13 $ 20.16 $ 25.20
$ 1.47 $ 1.91 $ 2.48 $ 3.23 $ 4.03 $ 5.04 $ 6.30
$ 4.40 $ 5.73 $ 7.44 $ 9.68 $ 12.10 $ 15.12 $ 18.90
$ 2.94 $ 3.82 $ 4.96 $ 6.45 $ 8.06 $ 10.08 $ 12.60
$ 0.59 $ 0.76 $ 0.99 $ 1.29 $ 1.61 $ 2.02 $ 2.52
$ 3.82 $ 4.96 $ 6.45 $ 8.39 $ 10.48 $ 13.10 $ 16.38
$ 3.82 $ 4.14 $ 4.48 $ 4.85 $ 5.06 $ 5.27 $ 5.49
 2029 2030
$ 315.0 $ 393.7
25% 25%
$ 47.25 $ 59.06
$ 15.75 $ 19.69
$ 31.50 $ 39.37
$ 7.87 $ 9.84
$ 23.62 $ 29.53
$ 15.75 $ 19.69
$ 3.15 $ 3.94
$ 20.47 $ 25.59
$ 5.71 $ 5.95
https://www.crunchbase.com/organization/docplexus/people
https://www.prnewswire.com/in/news-releases/docplexus-indias-leading-social-network-for-doctors-is-now-17500
http://www.businessworld.in/article/Docplexus-Surpasses-250-000-Members-Retains-Position-as/01-11-2017-1301
https://www.sundayguardianlive.com/health-wellness/7887-why-digitisation-medical-sector-good-our-health
https://www.vccircle.com/exclusive-online-platform-doctors-healthkumbh-gets-seed-funding/
https://www.linkedin.com/company/docplexus-online-services-pvt-ltd-/
https://pharmabuzz.docplexus.com/home
https://www.linkedin.com/pulse/bridging-pharma-doctor-communication-gap-docplexus-survey-chandra/
https://www.prnewswire.com/in/news-releases/docplexus-surpasses-250000-members-retains-position-as-indias-l
https://www.quora.com/What-is-business-model-of-Docplexus
https://curofy.com/
https://tracxn.com/d/companies/curofy.com
https://inc42.com/startups/just-networking-app-doctors-curofy-creating-robust-healthcare-support-system-india/
https://www.indiantelevision.com/mam/marketing/mam/how-digital-technologies-are-reshaping-pharma-marketin
https://www.vccircle.com/exclusive-investor-roundglass-partners-takes-over-doctor-networking-app-curofy/
https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/curofy-to-expand-into-middle-east-triple-its-te
https://emedicoz.com/web/home
https://www.emedinexus.com/index.php
http://bwdisrupt.businessworld.in/article/eMediNexus-A-Doctor-s-Networking-Platform-to-Sharpen-Their-Clinical-S
http://www.ijcpgroup.com/#home
https://www.apollo.io/companies/IJCP-Group/54a11df869702da10fff4701?chart=count
https://www.tofler.in/ijcp-publications-limited/company/U74899DL1990PLC040142
https://yourstory.com/2016/07/buzz4health/amp
https://www.buzz4health.com/pages/home
https://docintosh.com/
https://yourstory.com/2015/03/plexusmd-job-portal-for-doctors/amp
https://www.expresshealthcare.in/news/eris-lifesciences-and-plexusmd-come-up-with-saarthi/412456/
https://yourstory.com/2016/09/curofy-growth/amp
https://www.medianama.com/2019/01/223-lybrate-launches-goodmd/
https://www.biospectrumindia.com/news/74/12355/lybrate-launches-goodmd.html
https://etactics.com/blog/social-media-and-healthcare-statistics#Usage-by-Doctors
https://growjo.com/company/Docplexus
more%20than%2040%2C000,4000%20%2B%20unique%20doctor%20visits%20daily.
Company Name Doctor base Services for doctors Services for Pharma Presence
Curofy* 2 1 1 1
Dailyrounds* 1 3 2 2
Docplexus 3 3 1 2
PlexusMD 4 3 2 2
Healthpole 7 2 1 2
eMediNexus 6 3 1 2
GoodMD 5 4 2 2
Docintosh 7 3 1 2
Funding status Revenue Sustainability Total
1 3 1 10
1 1 1 11
1 2 1 13
1 4 1 17
2 5 1 20
2 5 2 21
1 5 2 21
2 5 1 21