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 4 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
*********
- 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 4 rounds
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Latest Funding Round
$5.05 M (USD), Series A
May 04, 2021
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Investors
API Holdings
& 15 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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 4 strategic funding rounds. The most recent funding activity was a Series A round of $5.05 million completed in May 2021. 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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $5.0M
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First Round
First Round
(15 May 2019)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series A - Aknamed | Valuation | Lightrock , LGT Lightstone |
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| Nov, 2020 | Amount | Series A - Aknamed | Valuation | Lightrock , LGT Lightstone | |
| Mar, 2020 | Amount | Series A - Aknamed | Valuation | Lightrock , LGT Lightstone |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Aknamed
Aknamed has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include API Holdings, Lightrock and LGT Lightstone. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are directed toward growth-stage companies generating scalable impact.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Aknamed
Aknamed has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Vardhman Health. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Manufacturer of tablets, capsules, syrup, and injectables
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1988 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Aknamed
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Aknamed Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online marketplace for medical supplies, equipment, and devices catering to healthcare providers
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| domain | founded_year | HQ Location |
Integrated logistics and data solutions for digital health are provided.
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| domain | founded_year | HQ Location |
Digital supply chain management solutions are provided for healthcare providers.
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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
SaaS platform is used for benchmarking hospital purchased services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Aknamed
Frequently Asked Questions about Aknamed
When was Aknamed founded?
Aknamed was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Aknamed located?
Aknamed is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Aknamed?
Saurabh Pandey is the current CEO of Aknamed. They have also founded this company.
Is Aknamed a funded company?
Aknamed is a funded company, having raised a total of $21.85M across 4 funding rounds to date. The company's 1st funding round was a Series A of $7.06M, raised on May 15, 2019.
How many employees does Aknamed have?
As of Apr 02, 2024, the latest employee count at Aknamed is 175.
What is the annual revenue of Aknamed?
Annual revenue of Aknamed is $104.9M as on Mar 31, 2022.
What does Aknamed do?
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.
Who are the top competitors of Aknamed?
Aknamed's top competitors include Medikabazaar, Impilo and GreenLight Medical.
What products or services does Aknamed offer?
Aknamed offers SmartBuy and SmartChain.
How many acquisitions has Aknamed made?
Aknamed has made 1 acquisition, including Vardhman Health.
Who are Aknamed's investors?
Aknamed has 16 investors. Key investors include API Holdings, Lightrock, LGT Lightstone, Vrinda Mathur, and Apurva Shah.
What is Aknamed's valuation?
The valuation of Aknamed is $66.01M as of May 2021.
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