About Aknamed
Aknamed is a company based in Gurugram (India) founded in 2018 by Saurabh Pandey, Mahadevan Narayanamoni, Shaunak Joshi, and Mayank Kapoor was acquired by API Holdings in September 2021. Aknamed has raised $21.85 million across 5 funding rounds from investors including API Holdings, Lightrock and LGT Lightstone. The company has 175 employees as of April 02, 2024. Aknamed has completed 1 acquisition, including Vardhman Health. Aknamed offers products and services including SmartBuy and SmartChain. Aknamed operates in a competitive market with competitors including Medikabazaar, Impilo, Prodigo Solutions, GreenLight Medical and Valify, among others.
- Headquarter Gurugram, India
- Employees 175 as on 02 Apr, 2024
- Founders Saurabh Pandey, Mahadevan Narayanamoni, Shaunak Joshi, Mayank Kapoor
- Stage Minicorn
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name Akna Medical Private Limited
- Jurisdiction Thane, Maharashtra, India
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Annual Revenue
$104.9 M (USD)473.12as on Mar 31, 2022
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Net Profit
-$20.69 M (USD)-1281.33as on Mar 31, 2022
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EBITDA
-$13.55 M (USD)-1549.28as on Mar 31, 2022
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Total Equity Funding
$21.85 M (USD)
in 5 rounds
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Latest Funding Round
Not available
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Investors
API Holdings
& 16 more
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Employee Count
175
as on Apr 02, 2024
- Investments & Acquisitions
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Acquired by
API Holdings
(Sep 14, 2021)
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Products & Services of Aknamed
Aknamed offers a comprehensive portfolio of products and services, including SmartBuy and SmartChain.
Platform for optimizing hospital procurement and inventory management.
System for tracking and consolidating hospital supply chains efficiently.
Funding Insights of Aknamed
Aknamed has successfully raised a total of $21.85M across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Aknamed
Aknamed has secured backing from 17 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include API Holdings, Lightrock and LGT Lightstone.
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Investments are directed toward growth-stage companies generating scalable impact.
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Venture capital firm focused on multiple sectors
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Investor details for Aknamed
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Investments & Acquisitions by Aknamed
Aknamed has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Vardhman Health.
Investment portfolio details for Aknamed
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- Portfolio identities
- Transaction dates
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Manufacturer of tablets, capsules, syrup, and injectables
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Complete acquisition details for Aknamed
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Financial Statements - Aknamed
Detailed financials for Aknamed
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- Profit trends
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Aknamed Comparisons
Peer comparison for Aknamed
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Competitors of Aknamed
Aknamed operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Medikabazaar, Impilo, Prodigo Solutions, GreenLight Medical and Valify, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online marketplace for medical supplies, equipment, and devices catering to healthcare providers
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Integrated logistics and data solutions for digital health are provided.
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Digital supply chain management solutions are provided for healthcare providers.
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End-to-end cloud solution designed to streamline the introduction and evaluation of new medical technology for hospitals and physicians.
https://medium.com/@GreenLightMedical …
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SaaS platform is used for benchmarking hospital purchased services.
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Detailed competitors of Aknamed
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Latest news on Aknamed
Complete news archive for Aknamed
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Frequently Asked Questions about Aknamed
Aknamed was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Aknamed is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Saurabh Pandey is the current CEO of Aknamed. They have also founded this company.
Aknamed is a funded company, having raised a total of $21.85M across 5 funding rounds to date.
As of Apr 02, 2024, the latest employee count at Aknamed is 175.
Annual revenue of Aknamed is $104.9M as on Mar 31, 2022.
Aknamed was founded in 2018 in Gurugram, India, within the healthcare technology sector. Material management software is provided for hospitals through cloud and AI platforms. Purchase and consumption data are analyzed via machine learning tools in the Smart Buy suite. Products are tracked digitally using barcodes across their lifecycle, with automated capture of details like batch numbers and expiry dates. Operations focus on streamlining hospital inventory processes.
Aknamed's top competitors include Medikabazaar, Impilo and GreenLight Medical.
Aknamed offers SmartBuy and SmartChain.
Aknamed has made 1 acquisition, including Vardhman Health.
Aknamed has 17 investors. Key investors include API Holdings, Lightrock, LGT Lightstone, Vrinda Mathur, and Apurva Shah.
The valuation of Aknamed is $66.01M as of May 2021.