- Total income
- ₹5,992 Cr
- Profit
- ₹-1,593 Cr
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 βΉ6,689 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
- Headquarters Mumbai, India
- Employees 215
- Founders Siddharth Shah, Harsh Parekh, Dhaval Shah, Dharmil Nirupam Sheth, Hardik Dedhia
- Stage Unicorn
- SectorsHealthcare
- Website category Finance · Investing
- Emailβ’β’β’β’β’β’β’β’
- Phoneβ’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
- 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
- InvestorsGoldman Sachs
& 59 more
- Employee Count215
- Investments & AcquisitionsAknamed
& 3 more
Associated legal entities of API Holdings
API Holdings operates through Api Holdings Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Api Holdings Limited CIN U60100MH2019PLC323444 | Active | 31 Mar 2019 | Thane, Maharashtra | ₹6,689 Cr | 220 | 14 | View details |
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
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.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2024 | $216M | Series F | β | Manipal Group | |
| Nov 2022 | Debt – Conventional | β | β | ||
| Oct 2021 | $226.54M | Series E | $4.31B | Sanne | |
| Aug 2021 | $412.58M | Series E | $4.15B | Astarc Ventures, RISA Partners | |
| Nov 2020 | $74M | Series D | $β’β’β’β’β’ | Temasek |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2021 | $4.31B | β’β’β’β’β’β’β’β’ |
| Aug 2021 | $4.15B | β’β’β’β’β’β’β’β’ |
| Nov 2020 | $β’β’β’β’β’ | β’β’β’β’β’β’β’β’ |
Full valuation and stage history of API Holdings
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private debt fund focused on growth-stage technology companies | evolutionx.com.sg | Singapore, Singapore | ||
Investments are made by OrbiMed in global healthcare innovations across biopharmaceuticals and related fields. | 1989 | orbimed.com | New York, United States | |
Secondary market fund focused on LP and direct secondary transactions | 1993 | nb.com | New York, United States | |
Multiple sectors are targeted for venture capital investments. | 1934 | janushenderson.com | London, United Kingdom | |
ADQ is recognized as a leading sovereign investor focused on sustainable economic transformation in Abu Dhabi. | adq.ae | Abu 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 | 2015 | astarcventures.com | Mumbai, India | |
Global investments in early and growth-stage tech firms are conducted. | 1915 | naspers.com | Cape Town, South Africa | |
An investment platform is provided for diverse sectors and geographies. | 1974 | temasek.com.sg | Singapore, Singapore | |
Fund of funds focused on pre-seed and seed-stage companies | 1992 | tpg.com | Fort Worth, United States |
Investor details for API Holdings
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
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.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Siddharth Bhaskar Shah DIN 05186193 | Director | 27 Aug 2020 | 6 yrs 2 mo | Api Holdings Limited |
| Ashutosh Sharma DIN 07825610 | Director | 05 Apr 2021 | 5 yrs 7 mo | Api Holdings Limited |
| Aditya Puri DIN 00062650 | Director | 20 Apr 2021 | 5 yrs 6 mo | Api Holdings Limited |
| Ranjan Ramdas Pai DIN 00863123 | Director | 15 May 2024 | 2 yrs 5 mo | Api Holdings Limited |
| Shyam Powar DIN 01679598 | Director | 15 May 2024 | 2 yrs 5 mo | Api Holdings Limited |
| Rahul Franklin Guha DIN 09588432 | Managing Director | 27 Aug 2025 | 1 yr 2 mo | Api Holdings Limited |
| Ravi Rajagopal DIN 00067073 | Director | 24 Feb 2026 | 8 mo | Api Holdings Limited |
| Alok Kumar Jagnani DIN 00644360 | Whole-time director | 26 May 2026 | 5 mo | Api Holdings Limited |
| Mayank Bajpai DIN 07713274 | Director | 18 Aug 2026 | 2 mo | Api Holdings Limited |
| Bobby Kanubhai Parikh DIN 00019437 | Director | 09 Sep 2026 | 2 mo | Api Holdings Limited |
| Archana Bhaskar DIN 02235456 | Director | 09 Sep 2026 | 2 mo | Api Holdings Limited |
People of API Holdings
8 people are tracked at API Holdings (7 in leadership, 1 in team); the tracked headcount is 215.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| CEO & MD | Leadership | |
| Group Chief Financial Officer | Leadership | |
Vikas Pawaiya | Manager | Team |
Complete people profiles for API Holdings
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 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.
Detailed financial statements for API Holdings
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud and AI-based material management software for hospitals is offered. | aknamed.com | Gurugram, India | 2018 | Sep 2021 | $42M | |
Diagnostic testing centers for pathology and health screenings are operated. | thyrocare.com | Mumbai, India | 1996 | Jun 2021 | $612.71M | |
Provider of an online pharmacy for medications | medlife.com | Bengaluru, India | 2014 | Aug 2020 | β’β’β’β’ | |
Medical practices are streamlined and patient care is enhanced digitally. | docon.co.in | Bengaluru, India | 2015 | Jun 2016 | β’β’β’β’ |
Complete acquisition details for API Holdings
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of API Holdings
9 dated milestones of API Holdings across 12 years, from founding to its latest funding, stage changes and deals.
- Founded API Holdings is founded.
- Acquisition Acquires Docon.
- Acquisition Acquires Medlife.
- Funding First funding round of $74.0M.
- Milestone Reaches Soonicorn status.
- Milestone Reaches Unicorn status.
- Acquisition Acquires Thyrocare.
- Acquisition Acquires Aknamed.
- 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 Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| medibuddy.in | 2013 | Bengaluru, India | $193.12M | 1,192 | Online platform offering multiple healthcare services | |
| practo.com | 2008 | Bengaluru, India | $227.88M | Doctor appointments are booked and healthcare professionals are consulted online. | ||
| mfine.co | 2017 | Bengaluru, India | $87.66M | 258 | Provider of online doctor consultations, at-home lab tests, and health packages |
Detailed competitors of API Holdings
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
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 visits79.2K
▼ 3.7% vs previous month
- Unique visitors12.5K
per month
- Global rank#368,362
among all websites
- Category rank#3,828
Finance · Investing
- Bounce rate32%
- Pages per visit6.1
- Average visit3 min 45 sec
- DevicesDesktop 64% Β· Mobile 36%
Websites whose visitors overlap most with API Holdings. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| unlistedarena.com | 100% | 8.7K | #2,800,394 | View details | |
sec-api.io | sec-api.io | 84% | #723,794 | β | |
| startupstorymedia.com | 84% | 15.4K | #1,202,670 | View details | |
| wwipl.com | 84% | 112.2K | #483,177 | View details |
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Related news about Api Holdings
Complete news archive for API Holdings
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Articles about API Holdings on our blog
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 βΉ6,689 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 offers Online Pharmacy Marketplace, EMR and Practice Management Software, Hospital Supplies Procurement, Pharma Platform, and Diagnostics Test Provider.
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.

