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. 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 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
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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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series F — $216.0M
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First Round
First Round
(19 Nov 2020)
- Investors Count 41
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series F - API Holdings | Valuation | Manipal Group | |
| Nov, 2022 | Amount | Debt – Conventional - API Holdings | Valuation |
investors |
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| Oct, 2021 | Amount | Series E - API Holdings | Valuation | Sanne |
| 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 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. 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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Private debt fund focused on growth-stage technology companies
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Founded Year | Domain | Location | |
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Investments are made by OrbiMed in global healthcare innovations across biopharmaceuticals and related fields.
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Founded Year | Domain | Location | |
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Secondary market fund focused on LP and direct secondary transactions
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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 API Holdings
API Holdings has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Aknamed, Docon and Medlife. 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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Cloud and AI-based material management software for hospitals is offered.
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2018 | ||||
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Medical practices are streamlined and patient care is enhanced digitally.
|
2015 | ||||
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Provider of an online pharmacy for medications
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
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.
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2014 |
Financial Statements - API Holdings
| 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 |
Api Holdings Comparisons
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. 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 platform offering multiple healthcare services
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| domain | founded_year | HQ Location |
Doctor appointments are booked and healthcare professionals are consulted online.
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| domain | founded_year | HQ Location |
Provider of online doctor consultations, at-home lab tests, and health packages
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| domain | founded_year | HQ Location |
Healthcare services are delivered via an online platform.
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| domain | founded_year | HQ Location |
Integrated at-home healthcare services, including tele-consultation and diagnostics, are provided.
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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 Api Holdings
Frequently Asked Questions about API Holdings
When was API Holdings founded?
API Holdings was founded in 2012 and raised its 1st funding round 8 years after it was founded.
Where is API Holdings located?
API Holdings is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of API Holdings?
Siddharth Shah is the current CEO of API Holdings. They have also founded this company.
Is API Holdings a funded company?
API Holdings is a funded company, having raised a total of $929.11M across 5 funding rounds to date. The company's 1st funding round was a Series E of $226.54M, raised on Nov 19, 2020.
How many employees does API Holdings have?
As of Apr 09, 2024, the latest employee count at API Holdings is 221.
What is the annual revenue of API Holdings?
Annual revenue of API Holdings is $805.55M as on Mar 31, 2023.
What does API Holdings do?
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.
Who are the top competitors of API Holdings?
What products or services does API Holdings offer?
API Holdings offers Online Pharmacy Marketplace, EMR and Practice Management Software, Hospital Supplies Procurement, Pharma Platform, and Diagnostics Test Provider.
How many acquisitions has API Holdings made?
Who are API Holdings's investors?
API Holdings has 41 investors. Key investors include Goldman Sachs, Manipal Group, TPG, Naspers, and Prosus.
What is API Holdings's valuation?
The valuation of API Holdings is $4.31B as of Oct 2021.
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