API Holdings

Mumbai, India Founded: 2012 • Age: 14 yrs Unicorn Fortune India 500 · #394
Digital healthcare tools are offered for pharmacies and clinics management.

About API Holdings

API Holdings is a Healthcare company based in Mumbai (India) founded in 2012 by Siddharth Shah, Harsh Parekh, Dhaval Shah, Dharmil Nirupam Sheth, and Hardik Dedhia. Digital healthcare tools are offered for pharmacies and clinics management. API Holdings has raised $1.19 billion across 5 funding rounds from investors including Goldman Sachs, Kotak Mahindra Bank and Manipal Group. The company has 215 employees. API Holdings has completed 4 acquisitions, including Aknamed, Docon and Medlife. API Holdings was last valued at $458 million in September 2024. Its chief executive, as recorded, is Siddharth Shah. Its website apiholdings.in draws about 79 thousand monthly visits. Its Indian entity Api Holdings Limited reported revenue of β‚Ή6,689 Cr. API Holdings offers products and services including Online Pharmacy Marketplace, EMR and Practice Management Software, Hospital Supplies Procurement, Pharma Platform, and Diagnostics Test Provider. Its focus areas include HealthTech, Pharmacy IT, Supply Chain Management and Procurement. Its competitors include MediBuddy, Practo and Mfine; 3 of its 3 listed competitors have raised funding.

Company details

Founded in 2012 in Mumbai, India, API Holdings operates in the healthcare technology sector. A platform is provided for digital management, encompassing procurement and logistics support for pharmacies, credit options for medicine purchases from manufacturers, electronic medical records, and practice management for clinics. Additional services include diagnostics testing and an online marketplace for healthcare products.

API Holdings is ranked #394 on the Fortune India 500 (2025).

Recognitions & Rankings of API Holdings

Fortune India 500 2025 edition
Rank#394
Total income
₹5,992 Cr
Profit
₹-1,593 Cr
Last year #384
  • Headquarters Mumbai, India
  • Employees 215
  • Founders Siddharth Shah, Harsh Parekh, Dhaval Shah, Dharmil Nirupam Sheth, Hardik Dedhia
  • Stage Unicorn
  • Sectors
    Healthcare
  • Website category Finance · Investing
  • Email
    β€’β€’β€’β€’β€’β€’β€’β€’
  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website apiholdings.in
  • Social LinkedIn Facebook
  • Legal Name Api Holdings Limited
  • Date of Incorporation 31 Mar, 2019
  • Jurisdiction Mumbai, Maharashtra, India
Key Metrics
  • Annual Revenue
    ₹6,689 Cr

    FY 2026 · +12% YoY

  • Net Loss
    -₹520 Cr

    FY 2026 · -8% margin

  • EBITDA
    ₹110 Cr

    FY 2026 · 2% margin

  • Total Equity Funding
    $1.19B (USD)

    in 5 rounds

  • Latest Funding Round
    $216M (USD), Series F

    Apr 2024

  • Investors
  • Employee Count
    215
  • Investments & Acquisitions
    Aknamed

    & 3 more

Products & Services of API Holdings

API Holdings offers a comprehensive portfolio of products and services, including Online Pharmacy Marketplace, EMR and Practice Management Software, Hospital Supplies Procurement, Pharma Platform, and Diagnostics Test Provider.

Online Pharmacy Marketplace
Ecommerce Platform

Platform connecting pharmacies and consumers for online drug purchases

EMR and Practice Management Software
Healthcare Software

Software for clinic operations and electronic medical records management

Hospital Supplies Procurement
Supply Chain Platform

Tech-enabled system for procuring hospital supplies efficiently

Pharma Platform
Wholesale Network

Platform linking pharmacies with wholesalers for distribution

Diagnostics Test Provider
Testing Services

Service for providing diagnostic tests across India

Funding Insights of API Holdings

API Holdings has successfully raised a total of $1.19B across 5 strategic funding rounds. The most recent funding activity was a Series F round of $216 million completed in April 2024. 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 $1.19B
  • Total Rounds 5
  • Last Round Series F β€” $216M
  • First Round $74M

    (Nov 2020)

  • Investors Count 60

All 5 funding rounds of API Holdings with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Apr 2024$216MSeries F–Manipal Group
Nov 2022Debt – Conventional––
Oct 2021$226.54MSeries E$4.31BSanne
Aug 2021$412.58MSeries E$4.15BAstarc Ventures, RISA Partners
Nov 2020$74MSeries D$β€’β€’β€’β€’β€’Temasek
Valuation history
DateValuationStage
Oct 2021$4.31Bβ€’β€’β€’β€’β€’β€’β€’β€’
Aug 2021$4.15Bβ€’β€’β€’β€’β€’β€’β€’β€’
Nov 2020$β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’
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Full valuation and stage history of API Holdings

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Last known valuation $458M (Sep 2024). 60 investors in total: 43 institutional and 17 angel.

Investors in API Holdings

API Holdings has secured backing from 60 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Goldman Sachs, Kotak Mahindra Bank and Manipal Group.

All
Venture Fund
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Private debt fund focused on growth-stage technology companies
evolutionx.com.sgSingapore, Singapore
Investments are made by OrbiMed in global healthcare innovations across biopharmaceuticals and related fields.
1989orbimed.comNew York, United States
Secondary market fund focused on LP and direct secondary transactions
1993nb.comNew York, United States
Multiple sectors are targeted for venture capital investments.
1934janushenderson.comLondon, United Kingdom
ADQ is recognized as a leading sovereign investor focused on sustainable economic transformation in Abu Dhabi.
adq.aeAbu Dhabi, United Arab Emirates
Tech startups are funded through Amansa Investments' venture capital approach.
Seed-stage tech-focused VC firm investing in geographies such as Asia
2015astarcventures.comMumbai, India
Global investments in early and growth-stage tech firms are conducted.
1915naspers.comCape Town, South Africa
An investment platform is provided for diverse sectors and geographies.
1974temasek.com.sgSingapore, Singapore
Fund of funds focused on pre-seed and seed-stage companies
1992tpg.comFort Worth, United States
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Investor details for API Holdings

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Board of directors of Api Holdings Limited (API Holdings)

Api Holdings Limited is the primary company behind API Holdings. The board of Api Holdings Limited currently have 11 directors; the longest-serving is Siddharth Bhaskar Shah, appointed in 2020. 18 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Siddharth Bhaskar Shah
DIN 05186193
Director27 Aug 20206 yrs 2 moApi Holdings Limited
Ashutosh Sharma
DIN 07825610
Director05 Apr 20215 yrs 7 moApi Holdings Limited
Aditya Puri
DIN 00062650
Director20 Apr 20215 yrs 6 moApi Holdings Limited
Ranjan Ramdas Pai
DIN 00863123
Director15 May 20242 yrs 5 moApi Holdings Limited
Shyam Powar
DIN 01679598
Director15 May 20242 yrs 5 moApi Holdings Limited
Rahul Franklin Guha
DIN 09588432
Managing Director27 Aug 20251 yr 2 moApi Holdings Limited
Ravi Rajagopal
DIN 00067073
Director24 Feb 20268 moApi Holdings Limited
Alok Kumar Jagnani
DIN 00644360
Whole-time director26 May 20265 moApi Holdings Limited
Mayank Bajpai
DIN 07713274
Director18 Aug 20262 moApi Holdings Limited
Bobby Kanubhai Parikh
DIN 00019437
Director09 Sep 20262 moApi Holdings Limited
Archana Bhaskar
DIN 02235456
Director09 Sep 20262 moApi Holdings Limited

People of API Holdings

8 people are tracked at API Holdings (7 in leadership, 1 in team); the tracked headcount is 215.

NameRoleGroup
Co-Founder & CEOLeadership
Co-FounderLeadership
Co-FounderLeadership
Co-FounderLeadership
Co-FounderLeadership
CEO & MDLeadership
Group Chief Financial OfficerLeadership
Vikas Pawaiya
ManagerTeam
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Financials of API Holdings

Figures of Api Holdings Limited, the primary company behind API Holdings, for FY 2026. Revenue was ₹6,689 Cr (+12% year on year). Net loss was -₹520 Cr (-8% margin). EBITDA was ₹110 Cr (2% margin). Revenue has grown at a compounded annual rate of 0% over three years and +23% over five years.

  • ₹6,689 CrRevenue · FY 2026 · +12% YoY
  • -₹520 CrNet loss · -8% margin
  • ₹110 CrEBITDA · 2% margin
  • ₹738 CrPaid-up capital
  • 220Employees (provident fund records)
  • 0%Revenue CAGR, 3 years
  • +23%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Api Holdings Limited are on its company page.

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Investments & Acquisitions by API Holdings

API Holdings has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Aknamed, Docon and Medlife.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Cloud and AI-based material management software for hospitals is offered.
aknamed.comGurugram, India2018Sep 2021$42M
Diagnostic testing centers for pathology and health screenings are operated.
thyrocare.comMumbai, India1996Jun 2021$612.71M
Provider of an online pharmacy for medications
medlife.comBengaluru, India2014Aug 2020β€’β€’β€’β€’
Medical practices are streamlined and patient care is enhanced digitally.
docon.co.inBengaluru, India2015Jun 2016β€’β€’β€’β€’
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Timeline of API Holdings

9 dated milestones of API Holdings across 12 years, from founding to its latest funding, stage changes and deals.

  1. Founded API Holdings is founded.
  2. Acquisition Acquires Docon.
  3. Acquisition Acquires Medlife.
  4. Funding First funding round of $74.0M.
  5. Milestone Reaches Soonicorn status.
  6. Milestone Reaches Unicorn status.
  7. Acquisition Acquires Thyrocare.
  8. Acquisition Acquires Aknamed.
  9. Funding Latest funding round, Series F, of $216.0M.

Competitors of API Holdings

API Holdings has 3 listed competitors in our database, 3 of them funded. They include MediBuddy, Practo and Mfine.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
medibuddy.in2013Bengaluru, India$193.12M1,192
Online platform offering multiple healthcare services
practo.com2008Bengaluru, India$227.88M
Doctor appointments are booked and healthcare professionals are consulted online.
mfine.co2017Bengaluru, India$87.66M258
Provider of online doctor consultations, at-home lab tests, and health packages
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Web traffic of API Holdings

The website of API Holdings (apiholdings.in) receives about 79.2K visits a month and ranks #368,362 among all websites worldwide, #3,828 in Investing.

  • Monthly visits
    79.2K

    ▼ 3.7% vs previous month

  • Unique visitors
    12.5K

    per month

  • Global rank
    #368,362

    among all websites

  • Category rank
    #3,828

    Finance · Investing

Similar websites

Websites whose visitors overlap most with API Holdings. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
unlistedarena.com
100%
8.7K#2,800,394View details
sec-api.io
sec-api.io
84%
#723,794–
startupstorymedia.com
84%
15.4K#1,202,670View details
wwipl.com
84%
112.2K#483,177View details
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Frequently Asked Questions about API Holdings

API Holdings was founded in 2012 and raised its 1st funding round 8 years after it was founded.

API Holdings is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Siddharth Shah is the CEO of API Holdings, as recorded in our data. They have also founded this company.

API Holdings is a funded company, having raised a total of $1.19B across 5 funding rounds to date. The company's 1st funding round was a Series D of $74M, raised on Nov 2020.

API Holdings has 215 employees.

The primary company behind API Holdings, Api Holdings Limited, reported revenue of β‚Ή6,689 Cr for FY 2026, up 12% year on year.

Founded in 2012 in Mumbai, India, API Holdings operates in the healthcare technology sector. A platform is provided for digital management, encompassing procurement and logistics support for pharmacies, credit options for medicine purchases from manufacturers, electronic medical records, and practice management for clinics. Additional services include diagnostics testing and an online marketplace for healthcare products.

API Holdings's top competitors include MediBuddy, Practo and Mfine.

API Holdings offers Online Pharmacy Marketplace, EMR and Practice Management Software, Hospital Supplies Procurement, Pharma Platform, and Diagnostics Test Provider.

API Holdings has made 4 acquisitions, including Aknamed, Docon, and Medlife.

API Holdings has 60 investors. Key investors include Goldman Sachs, Kotak Mahindra Bank, Manipal Group, TPG, and 360 One.

The valuation of API Holdings is $458M as of Sep 2024.

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