Medikabazaar, a B2B online marketplace for medical equipment and medical supplies, has announced the appointment of Dinesh Lodha as its new Group CEO. With over two decades of experience in the MedTech industry and a distinguished career marked by leadership roles across various sectors, Lodha brings a wealth of expertise to Medikabazaar.
Lodha’s appointment comes at an opportune time with the healthcare market expanding multi-fold. Medikabazaar represents ~7% of the entire market opportunity which stands at USD 11 billion and is poised for strong growth in the future. Given the market opportunity and the company’s growth trajectory, the company has expanded its global presence, targeting markets such as Dubai, Singapore, and China, and explore avenues of inorganic growth through strategic acquisitions.
Commenting on the appointment, the company said, “We are excited to have 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 about his new role, 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, Lodha managed large B2B and B2C operations in the FMCG and healthcare sectors. He has worked with multinational, private equity-led businesses and large publicly listed Indian companies. His experience spans the medical consumables category at Healthium & TI Medical, and the equipment category at GE Healthcare and Samsung. Regarded by the ecosystem for its ability to drive substantial growth and profitability, Lodha upholds a robust culture of compliance and customer success. He was pivotal in successful private equity transactions at Healthium and spearheaded significant profitability growth for the publicly listed B2C giant. His leadership also drove the transformation of GE Healthcare’s supply chain operations.
His accomplishments have earned him accolades like the Transformational Leader Award from the World Health & Wellness Congress, CEO of the Year from Healthcare Leadership CMO Asia, and recognition among the Top 20 Game Changers in Healthcare in India.
Backed by prominent investors, Medikabazaar is a technology-driven platform empowering healthcare institutions, clinics, and individual practitioners to streamline their purchasing processes, saving time and resources. The platform offers over 4 lakh products and serves over 10,000 medical centres and over 30,000 independent doctors and clinics. Operating across multiple product categories, Medikabazaar has a B2B marketplace, an AI-ML-powered SaaS solution, a medical financing solution, full stack procurement model for large hospitals, and an asset management platform for equipment business.
