About Care9
Care9 is a Healthcare company based in Chennai (India) founded in 2016 by Venkata Satya Kumar Ponduri, Vidya Ponduri, and Shiva Ganesh Bellamkonda. Cloud-based supply chain management platform for pharmacies, healthcare providers consumers. Care9 has raised $196.29 thousand across 2 funding rounds from investors including Saritha Vankayala, Venu Madhav Kondle and Swapna Kadiyala. Care9 was last valued at $6.32 million in September 2020. Its Indian entity Izatech Labs Private Limited reported revenue of ₹21.08 Cr. Care9 offers products and services including Global Pharma Procurement and Contract Manufacturing. Its focus areas include HealthTech, Pharmacy IT, Supply Chain Management and Procurement.
Company details
Care9 is a web mobile-based marketplace for medicines and health products. The platform allows customers to search medicines or health products by typing the name of the drug, or brand and order online. The company also enables the user to upload prescriptions and order the medications from a pharmacist near the customers location. The product portfolio includes prescription medication, OTC drugs, medical devices, medical products, ayurvedic medicines, beauty products, among others. Also, it offers procurement solutions for pharmaceutical professionals.
- Headquarters Chennai, India
- Founders Venkata Satya Kumar Ponduri, Vidya Ponduri, Shiva Ganesh Bellamkonda
- Stage Minicorn
- SectorsHealthcare
- Email••••••••
- Website care9.com
- Social LinkedIn X Facebook
- Legal Name Izatech Labs Private Limited
- Date of Incorporation 29 May, 2017
- Jurisdiction Visakhapatnam, Andhra Pradesh, India
- Annual Revenue₹21.08 Cr
FY 2024 · +7% YoY
- Net Profit₹6.8 Lakh
FY 2024 · 0% margin
- EBITDA₹64.6 Lakh
FY 2024 · 3% margin
- Total Equity Funding$196.29K (USD)
in 2 rounds
- Latest Funding Round$29.19K (USD), Angel Round
Sep 2020
Associated legal entities of Care9
Care9 operates through Izatech Labs Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Izatech Labs Private Limited CIN U72900AP2017PTC105944 | Active | 29 May 2017 | Visakhapatnam, Andhra Pradesh | ₹21.1 Cr | 2 | 4 | View details |
Products & Services of Care9
Care9 offers a comprehensive portfolio of products and services, including Global Pharma Procurement and Contract Manufacturing.
Pharmaceuticals and medical supplies are procured from verified sources for healthcare providers and managed through analytics platforms.
Products are developed and manufactured in multiple forms to meet the requirements of care service-providers and stakeholders.
Funding Insights of Care9
Care9 has successfully raised a total of $196.29K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $29.19 thousand completed in September 2020. 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 $196,292
- Total Rounds 2
- Last Round Angel Round — $29,187
- First Round $167,105
(Jul 2019)
- Investors Count 3
All 2 funding rounds of Care9 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 |
|---|---|---|---|---|---|
| Sep 2020 | $29,187 | Angel Round | $6.32M | Saritha Vankayala | – |
| Jul 2019 | $167,105 | Angel Round | $4.01M | Venu Madhav Kondle |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2020 | $6.32M | •••••••• |
| Jul 2019 | $4.01M | •••••••• |
Last known valuation $6.32M (Sep 2020). 3 investors in total: 0 institutional and 3 angel.
Investors in Care9
Care9 has secured backing from 3 investors, including angel investors. Prominent investors backing the company include Saritha Vankayala, Venu Madhav Kondle and Swapna Kadiyala.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
SV Saritha Vankayala | unknown_14391d75446c4d148 | |||
VM Venu Madhav Kondle | unknown_bcff26b022e84de49 | |||
SK Swapna Kadiyala | unknown_1b5fb4b750804ab69 |
Investor details for Care9
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 Izatech Labs Private Limited (Care9)
Izatech Labs Private Limited is the primary company behind Care9. The board of Izatech Labs Private Limited currently have 4 directors; the longest-serving is Vidya Ponduri, appointed in 2017. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vidya Ponduri DIN 02865438 | Director | 29 May 2017 | 9 yrs 4 mo | Izatech Labs Private Limited |
| Venkata Satya Kumar Ponduri DIN 00375857 | Director | 29 May 2017 | 9 yrs 4 mo | Izatech Labs Private Limited |
| Prasanna Gavini DIN 08086453 | Director | 17 Mar 2018 | 8 yrs 7 mo | Izatech Labs Private Limited |
| Juvvadi Sandeep DIN 02974578 | Director | 29 Nov 2021 | 4 yrs 10 mo | Izatech Labs Private Limited |
People of Care9
3 people are tracked at Care9 (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & Director | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Care9
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 Care9
Figures of Izatech Labs Private Limited, the primary company behind Care9, for FY 2024. Revenue was ₹21.08 Cr (+7% year on year). Net profit was ₹6.8 Lakh (0% margin). EBITDA was ₹64.6 Lakh (3% margin). Revenue has grown at a compounded annual rate of +29% over three years and +135% over five years.
- ₹21.08 CrRevenue · FY 2024 · +7% YoY
- ₹6.8 LakhNet profit · 0% margin
- ₹64.6 LakhEBITDA · 3% margin
- ₹4.47 CrPaid-up capital
- 2Employees (provident fund records)
- +29%Revenue CAGR, 3 years
- +135%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Izatech Labs Private Limited are on its company page.
Detailed financial statements for Care9
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.
Timeline of Care9
4 dated milestones of Care9 across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Care9 is founded.
- Funding First funding round of $167K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $29K.
Top companies in Pharmacy & Healthcare Retail Systems
2 companies that operate in the same segment as Care9 (Pharmacy & Healthcare Retail Systems) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Offers a B2B managed marketplace for pharmacies | 2019 | Bengaluru, Karnataka, India | USD 20.02 M | USD 20.23 M | 218 | |
Digital healthcare tools are offered for pharmacies and clinics management. | 2012 | Mumbai, Maharashtra, India | USD 1.19 B | USD 805.55 M | 215 |
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Frequently Asked Questions about Care9
Care9 was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Care9 is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Care9 is a funded company, having raised a total of $196.29K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $167.11K, raised on Jul 2019.
The primary company behind Care9, Izatech Labs Private Limited, reported revenue of ₹21.08 Cr for FY 2024, up 7% year on year.
Care9 is a web mobile-based marketplace for medicines and health products. The platform allows customers to search medicines or health products by typing the name of the drug, or brand and order online. The company also enables the user to upload prescriptions and order the medications from a pharmacist near the customers location. The product portfolio includes prescription medication, OTC drugs, medical devices, medical products, ayurvedic medicines, beauty products, among others. Also, it offers procurement solutions for pharmaceutical professionals.
Care9 offers Global Pharma Procurement and Contract Manufacturing.
Care9 has 3 investors. Key investors include Saritha Vankayala, Venu Madhav Kondle, and Swapna Kadiyala.
The valuation of Care9 is $6.32M as of Sep 2020.
Care9 operates through Izatech Labs Private Limited.
The legal entities of Care9 currently have 4 directors, including Prasanna Gavini, Vidya Ponduri, Venkata Satya Kumar Ponduri and others.