Medikabazaar Appoints Dinesh Lodha as New Group CEO to Drive Growth
Written by Sirish Dixit
Medikabazaar appoints Dinesh Lodha as Group CEO, tapping into his vast experience in the medtech and healthcare industries to drive global expansion, strengthen the product portfolio, and steer the company toward profitability.
Medikabazaar, a leading B2B healthcare supply chain startup based in Mumbai, has appointed industry veteran Dinesh Lodha as its new Group CEO. Lodha, who previously held senior roles at Healthium Medtech, TI Medical, and Rupa & Company, will lead Medikabazaar’s efforts to expand internationally, grow profitability, and strengthen its product portfolio. His two decades of leadership experience across FMCG and healthcare sectors are expected to be pivotal as the company targets markets such as Dubai, Singapore, and China.
Lodha’s expertise in B2B and B2C operations, particularly his role as CEO of Healthium Medtech, positions him well to guide Medikabazaar through its next phase of growth. A company spokesperson noted, “Lodha’s proven leadership in the medtech industry aligns perfectly with Medikabazaar’s vision to innovate and scale.”
Founded in 2015 by Vivek Tiwari and Ketan Malkan, Medikabazaar offers a wide range of over 4 lakh products and serves 10,000+ medical centers and 30,000 independent doctors across India. The startup's offerings include an AI-powered SaaS solution, a medical financing solution, and an asset management platform for medical equipment.
Medikabazaar aims to raise $250-300 million for overseas expansion and potential acquisitions. Despite reporting a loss in FY22, the company’s revenue from operations soared by 175%, highlighting its rapid growth.