healthtech

Medikabazaar Appoints Dinesh Lodha as New Group CEO

• ByStartupStory     |    August 29, 2024

Medikabazaar, a leading technology-driven platform in the healthcare procurement space, has announced the appointment of Dinesh Lodha as its new Group CEO. With over two decades of experience in the MedTech industry, Mr. Lodha is set to steer the company through its next phase of growth and innovation.

Medikabazaar, supported by prominent investors, has established itself as a comprehensive platform for healthcare institutions, clinics, and individual practitioners. By streamlining the purchasing process, Medikabazaar saves time and resources for its users. The platform boasts a catalog of over 4 lakh products, serving more than 10,000 medical centers and over 30,000 independent doctors and clinics. It operates across multiple product categories, including a B2B marketplace, an AI-ML-powered SaaS solution, medical financing, a full-stack procurement model for large hospitals, and an asset management platform for equipment businesses.

Mr. Lodha’s appointment comes as the healthcare market experiences significant expansion. Currently, Medikabazaar represents approximately 7% of the entire market, which is valued at USD 11 billion. The company is poised for substantial growth, having expanded its global presence to regions such as Dubai, Singapore, and China. Additionally, Medikabazaar is exploring avenues for inorganic growth through strategic acquisitions.

Expressing excitement about the new leadership, Medikabazaar stated, “We are excited to have Mr. Dinesh Lodha join as the Group CEO. Dinesh’s proven leadership and track record in the MedTech industry perfectly align with the company’s vision to innovate and expand. His visionary approach and deep understanding of both B2B and B2C operations will undoubtedly propel Medikabazaar to new heights. The team is confident that Dinesh’s leadership will help Medikabazaar to continue to set new benchmarks in the medical procurement space, delivering even greater value to our partners and clients worldwide.”

Commenting on his new role, Mr. Lodha said, “I am excited to join Medikabazaar, the largest homegrown tech-driven platform dedicated to streamlining the procurement of medical supplies. The company is at an inflection point, and I see substantial opportunities across the verticals we operate in. We will continue strengthening our collaborations with leading hospitals and healthcare professionals globally, serving as an extended procurement arm for all their medical procurement.”

Before joining Medikabazaar, Mr. Lodha held key leadership positions in both B2B and B2C operations across the FMCG and healthcare sectors. His extensive experience includes roles at Healthium & TI Medical in the medical consumables category and GE Healthcare and Samsung in the equipment category. Renowned for driving substantial growth and profitability, Mr. Lodha has been pivotal in successful private equity transactions at Healthium and significant profitability growth for a publicly listed B2C giant. His leadership also led to the transformation of GE Healthcare’s supply chain operations.

Throughout his career, Mr. Lodha has received numerous accolades, including the Transformational Leader Award from the World Health & Wellness Congress, CEO of the Year from Healthcare Leadership CMO Asia, and recognition as one of the Top 20 Game Changers in Healthcare in India.

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