About API Holdings
API Holdings is a company based in Mumbai (India) founded in 2012 by Siddharth Shah, Harsh Parekh, Dhaval Shah, Dharmil Nirupam Sheth, and Hardik Dedhia. API Holdings has raised $929.11 million across 5 funding rounds from investors including Goldman Sachs, Manipal Group and TPG. The company has 221 employees as of April 09, 2024. API Holdings has completed 4 acquisitions, including Aknamed, Docon and Medlife. API Holdings offers products and services including Online Pharmacy Marketplace, EMR and Practice Management Software, Hospital Supplies Procurement, Pharma Platform, and Diagnostics Test Provider. API Holdings operates in a competitive market with competitors including MediBuddy, Practo, Mfine, CureBay and CallHealth, among others.
- Headquarter Mumbai, India
- Employees 221 as on 09 Apr, 2024
- Founders Siddharth Shah, Harsh Parekh, Dhaval Shah, Dharmil Nirupam Sheth, Hardik Dedhia
- Stage Unicorn
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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 Api Holdings Limited
- Date of Incorporation 31 Mar, 2019
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$805.55 M (USD)15.89as on Mar 31, 2023
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Net Profit
-$626.64 M (USD)-30.54as on Mar 31, 2023
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EBITDA
-$170.87 M (USD)39.42as on Mar 31, 2023
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Total Equity Funding
$929.11 M (USD)
in 5 rounds
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Latest Funding Round
$216 M (USD), Series F
Apr 29, 2024
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Investors
Goldman Sachs
& 40 more
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Employee Count
221
as on Apr 09, 2024
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Investments & Acquisitions
Aknamed
& 3 more
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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.
Platform connecting pharmacies and consumers for online drug purchases
Software for clinic operations and electronic medical records management
Tech-enabled system for procuring hospital supplies efficiently
Platform linking pharmacies with wholesalers for distribution
Service for providing diagnostic tests across India
People of API Holdings
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Funding Insights of API Holdings
API Holdings has successfully raised a total of $929.11M 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.
Investors in API Holdings
API Holdings has secured backing from 41 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Goldman Sachs, Manipal Group and TPG.
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Private debt fund focused on growth-stage technology companies
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Investments are made by OrbiMed in global healthcare innovations across biopharmaceuticals and related fields.
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Secondary market fund focused on LP and direct secondary transactions
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Investor details for API Holdings
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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.
Investment portfolio details for API Holdings
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud and AI-based material management software for hospitals is offered.
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Medical practices are streamlined and patient care is enhanced digitally.
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Provider of an online pharmacy for medications
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Complete acquisition details for API Holdings
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Financial Statements - API Holdings
Detailed financials for API Holdings
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Api Holdings Comparisons
Peer comparison for API Holdings
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Competitors of API Holdings
API Holdings 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 MediBuddy, Practo, Mfine, CureBay and CallHealth, among others.
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Online platform offering multiple healthcare services
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Doctor appointments are booked and healthcare professionals are consulted online.
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Provider of online doctor consultations, at-home lab tests, and health packages
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Healthcare services are delivered via an online platform.
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Integrated at-home healthcare services, including tele-consultation and diagnostics, are provided.
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Detailed competitors of API Holdings
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Latest news on Api Holdings
Complete news archive for API Holdings
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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 current CEO of API Holdings. They have also founded this company.
API Holdings is a funded company, having raised a total of $929.11M across 5 funding rounds to date.
As of Apr 09, 2024, the latest employee count at API Holdings is 221.
Annual revenue of API Holdings is $805.55M as on Mar 31, 2023.
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 offers Online Pharmacy Marketplace, EMR and Practice Management Software, Hospital Supplies Procurement, Pharma Platform, and Diagnostics Test Provider.
API Holdings has 41 investors. Key investors include Goldman Sachs, Manipal Group, TPG, Naspers, and Prosus.
The valuation of API Holdings is $4.31B as of Oct 2021.