About Aknamed
Aknamed is a Healthcare company based in Gurugram (India) founded in 2018 by Saurabh Pandey, Mahadevan Narayanamoni, Shaunak Joshi, and Mayank Kapoor, and was acquired by API Holdings in September 2021. Cloud and AI-based material management software for hospitals is offered. Aknamed has raised $21.85 million across 5 funding rounds from investors including API Holdings, Lightrock and LGT Lightstone. The company has 175 employees. Aknamed has completed 1 acquisition, including Vardhman Health. Aknamed was last valued at $66.01 million in May 2021. Its chief executive, as recorded, is Saurabh Pandey. Its Indian entity Akna Medical Private Limited reported revenue of ₹900 Cr. Aknamed offers products and services including SmartBuy and SmartChain. Its focus areas include HealthTech, Healthcare IT, Provider and Administrative Solutions.
Company details
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.
- Headquarters Gurugram, India
- Employees 175
- Founders Saurabh Pandey, Mahadevan Narayanamoni, Shaunak Joshi, Mayank Kapoor
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website aknamed.com
- Social LinkedIn X Facebook Instagram
- Acquired by API Holdings (Sep 2021)
- Legal Name Akna Medical Private Limited
- Date of Incorporation 08 May, 2018
- Jurisdiction Thane, Maharashtra, India
- Annual Revenue₹900 Cr
FY 2025 · -7% YoY
- Net Loss-₹257 Cr
FY 2025 · -29% margin
- EBITDA-₹175 Cr
FY 2025 · -19% margin
- Total Equity Funding$21.85M (USD)
in 5 rounds
- InvestorsAPI Holdings
& 16 more
- Employee Count175
- Investments & Acquisitions
- Acquired byAPI Holdings
(Sep 2021)
Associated legal entities of Aknamed
Aknamed is associated with 2 registered companies on The Company Check; the primary company is Akna Medical Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Akna Medical Private Limited CIN U74999MH2018PTC437764 | Active | 08 May 2018 | Thane, Maharashtra | ₹900 Cr | 175 | 5 | View details |
| Shreeji Distributors Pharma Private Limited CIN U52310MH2006PTC159945 | Active | 22 Feb 2006 | Mumbai, Maharashtra | ₹214 Cr | 147 | 5 | View details |
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.
- Total Funding $21.85M
- Total Rounds 5
- First Round $430,736
(May 2019)
- Investors Count 16
All 5 funding rounds of Aknamed with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2025 | Debt – Venture | – | – | ||
| May 2021 | $5.05M | Series A | $66.01M | Lightrock, LGT Lightstone | – |
| Nov 2020 | $9.31M | Series A | $58.56M | Lightrock, LGT Lightstone | |
| Mar 2020 | $7.06M | Series A | $••••• | Lightrock, LGT Lightstone | – |
| May 2019 | $430,736 | Seed | $••••• | Hiten Pravin Shah, Tejas Subramanium |
| Date | Valuation | Stage |
|---|---|---|
| May 2021 | $66.01M | •••••••• |
| Nov 2020 | $58.56M | •••••••• |
| Mar 2020 | $••••• | •••••••• |
| May 2019 | $••••• | •••••••• |
Full valuation and stage history of Aknamed
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Verified entity values are shown only after access is granted.
Last known valuation $66.01M (May 2021). 17 investors in total: 6 institutional and 11 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are directed toward growth-stage companies generating scalable impact. | 2009 | lightrock.com | London, United Kingdom | |
Venture capital firm focused on multiple sectors | telamainvestments.tcc.mode | Bengaluru, India | ||
| strideventures.global | ||||
| lgtlightstone.com | ||||
Digital healthcare tools are offered for pharmacies and clinics management. | 2012 | apiholdings.in | Mumbai, India | |
VM Vrinda Mathur | unknown_8731a74b70a24290a | |||
AS Apurva Shah | Co-founder of Vahan.ai, active angel investor in Indian startups | unknown_21af1dfce50a4a3bb | ||
SP Saurabh Pandey | Angel investor and entrepreneur, focused on tech startups in India. | unknown_a36431582ee149aea | ||
MN Mahad Narayanamoni | unknown_722591ab724242108 | |||
MK Mayank Kapoor | Angel investor and entrepreneur, focusing on early-stage Indian startups. | unknown_2f4bb94c4d8f40bf9 |
Investor details for Aknamed
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Akna Medical Private Limited (Aknamed)
Akna Medical Private Limited is the primary company behind Aknamed. The boards of the 2 registered companies of Aknamed currently have 6 directors; the longest-serving is Ish Sadana, appointed in 2022. 24 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ish Sadana DIN 07141836 | Director | 11 Feb 2022 | 4 yrs 8 mo | Akna Medical Private Limited, Shreeji Distributors Pharma Private Limited |
| Kalpana Srinivasan DIN 00008178 | Director | 04 Mar 2022 | 4 yrs 7 mo | Akna Medical Private Limited, Shreeji Distributors Pharma Private Limited |
| Ashish Arora DIN 08903038 | Additional Director | 05 Feb 2025 | 1 yr 8 mo | Shreeji Distributors Pharma Private Limited |
| Gaurav Dadu DIN 10939365 | CFO | 12 Mar 2025 | 1 yr 7 mo | Akna Medical Private Limited |
| Shravan Kumar Reddy Darmareddy DIN 11220373 | Whole-Time Director | 30 Jul 2025 | 1 yr 2 mo | Shreeji Distributors Pharma Private Limited |
| Uday Patel Kadam DIN 09277168 | Additional Director | 12 Nov 2025 | 11 mo | Akna Medical Private Limited, Shreeji Distributors Pharma Private Limited |
People of Aknamed
4 people are tracked at Aknamed (4 in leadership); the tracked headcount is 175.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
Mahadevan Narayanamoni | Co-Founder & Chairman | Leadership |
Shaunak Joshi | Co-Founder | Leadership |
| Co-Founder & COO | Leadership |
Complete people profiles for Aknamed
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Aknamed
Figures of Akna Medical Private Limited, the primary company behind Aknamed, for FY 2025. Revenue was ₹900 Cr (-7% year on year). Net loss was -₹257 Cr (-29% margin). EBITDA was -₹175 Cr (-19% margin). Revenue has grown at a compounded annual rate of +1% over three years and +107% over five years.
- ₹900 CrRevenue · FY 2025 · -7% YoY
- -₹257 CrNet loss · -29% margin
- -₹175 CrEBITDA · -19% margin
- ₹3.35 CrPaid-up capital
- 175Employees (provident fund records)
- +1%Revenue CAGR, 3 years
- +107%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Akna Medical Private Limited are on its company page.
Detailed financial statements for Aknamed
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Aknamed
Aknamed has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Vardhman Health.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Manufacturer of tablets, capsules, syrup, and injectables | vardhmanhealth.com | Bengaluru, India | 1988 | May 2021 | $40M |
Complete acquisition details for Aknamed
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Aknamed
6 dated milestones of Aknamed across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Aknamed is founded.
- Funding First funding round of $431K.
- Milestone Reaches Minicorn status.
- Acquisition Acquires Vardhman Health.
- Exit Acquired by API Holdings.
- Funding Latest funding round, Debt – Venture,.
Web traffic of Aknamed
The website of Aknamed (aknamed.com) receives about 1.8K visits a month.
- Monthly visits1.8K
▲ 46.3% vs previous month
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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 CEO of Aknamed, as recorded in our data. They have also founded this company.
Aknamed is a funded company, having raised a total of $21.85M across 5 funding rounds to date. The company's 1st funding round was a Seed of $430.74K, raised on May 2019.
Aknamed has 175 employees.
The primary company behind Aknamed, Akna Medical Private Limited, reported revenue of ₹900 Cr for FY 2025, down 7% year on year.
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 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.
Aknamed is associated with 2 legal entities: Akna Medical Private Limited, Shreeji Distributors Pharma Private Limited.