by The Journey Of Oxyzo
- Oxyzo was founded in 2019 by Rishi Malhotra and Mohit Goel, who previously worked together at the mobile wallet company, Paytm.
- In September 2019, Oxyzo raised $1.2 million in seed funding from investors, including India Quotient and Smile Group.
- In November 2019, Oxyzo launched its app, which offers online consultations with doctors across various specialties, including general medicine, gynecology, and dermatology.
- In December 2019, Oxyzo raised an additional $2.5 million in funding from investors, including Matrix Partners India and Sequoia Capital India’s Surge program.
- In early 2020, Oxyzo expanded its services to include medicine delivery, partnering with local pharmacies to deliver medicines to customers’ homes.
- In July 2020, Oxyzo launched its at-home lab testing service, which allows customers to book lab tests through the app and get the results delivered to their doorstep.
- In August 2020, Oxyzo announced that it had served over 100,000 customers since its launch in November 2019.
- In November 2020, Oxyzo raised $5.2 million in a Series A funding round led by returning investors Matrix Partners India and Sequoia Capital India’s Surge program, as well as new investor BEENEXT.
- In February 2021, Oxyzo announced that it had expanded its services to over 16,000 pin codes across India.
- In June 2021, Oxyzo launched its online mental health consultation service, which offers consultations with mental health professionals.
- In September 2021, Oxyzo announced that it had raised $15 million in a Series B funding round led by Prosus Ventures, along with participation from returning investors Matrix Partners India and Sequoia Capital India’s Surge program.
Overall, Oxyzo has seen significant growth since its launch in 2019, expanding its services to include medicine delivery, lab testing, and mental health consultations. The company has also raised significant funding from prominent investors and has expanded its reach to a large number of pin codes across India.
Stats of Oxyzo
- Funding: In October 2021, Oxyzo raised $40 million in a Series B funding round led by Singapore-based Temasek. Other investors included Sequoia Capital India, Matrix Partners India, and Elevation Capital.
- Revenue: Oxyzo has not publicly disclosed its revenue figures.
- Employees: Oxyzo has over 200 employees as of October 2021.
- Products and services: Oxyzo offers a range of air purification and sanitization products, including air purifiers for homes, offices, and industrial settings, as well as disinfection chambers and portable air purifiers. The company also offers installation, maintenance, and monitoring services for its products.
- Market presence: Oxyzo primarily operates in India, but has also expanded its presence to other countries such as the UAE, Qatar, and Singapore.
- Recognition: In 2021, Oxyzo was named as one of the top 50 most innovative startups in India by Inc42, a leading Indian media platform for startups and entrepreneurship.
