About Lets Reap
Lets Reap is a Healthcare company based in Mumbai (India) founded in 2015 by Shweta Salecha and Siddharth Gadia. It operates as a communication and supply chain software for pharmacies is provided. Lets Reap has raised $59.87 million across 8 funding rounds from investors including DSP Mutual Fund, Alteria Capital and Whiteboard Capital. The company has 230 employees. Its Indian entity Workcell Solutions Private Limited reported revenue of ₹222 Cr. Its focus areas include HealthTech, Pharmacy IT, Supply Chain Management and Procurement. Its competitors include API Holdings, giftHEALTH, Pharmacist Bang, Remedial Health and PharmacyMarts and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
Reap was founded in 2015 in Mumbai, India, within the pharmaceutical software sector. Tools for communication and supply chain management are supplied to pharmacies, allowing product searches and distributor connections. A professional network for pharmacists and a news portal on industry topics are maintained. An app platform is utilized by pharma firms to disseminate product details, implement short-term promotions, collect responses, and perform surveys.
- Headquarters Mumbai, India
- Employees 230
- Founders Shweta Salecha, Siddharth Gadia
- SectorsHealthcare
- Phone•••• ••••
- Website letsreap.com
- Social LinkedIn
- Legal Name Workcell Solutions Private Limited
- Date of Incorporation 29 Oct, 2014
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹222 Cr
FY 2025 · +46% YoY
- Net Loss-₹75.16 Cr
FY 2025 · -34% margin
- EBITDA-₹70.67 Cr
FY 2025 · -32% margin
- Total Equity Funding$59.87M (USD)
in 8 rounds
- Latest Funding Round$26.37M (USD), Series B
Nov 2023
- InvestorsDSP Mutual Fund
& 67 more
- Employee Count230
Associated legal entities of Lets Reap
Lets Reap operates through Workcell Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Workcell Solutions Private Limited CIN U74110MH2014PTC258955 | Active | 29 Oct 2014 | Mumbai, Maharashtra | ₹222 Cr | 230 | 3 | View details |
Funding Insights of Lets Reap
Lets Reap has successfully raised a total of $59.87M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $26.37 million completed in November 2023. 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 $59.87M
- Total Rounds 8
- Last Round Series B — $26.37M
- First Round $141,200
(Jun 2016)
- Investors Count 68
All 8 funding rounds of Lets Reap 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 |
|---|---|---|---|---|---|
| Nov 2023 | $26.37M | Series B | – | Horizon Impex, STIC Investments | |
| Mar 2023 | $5.33M | Series A | – | Saumyendra Mehra, Aarem Ventures | |
| Dec 2021 | $12.12M | Series A | – | Rahul Gupta, Lightbox | |
| Dec 2020 | $135,394 | Series A | – | Alteria Capital | – |
| Jul 2019 | $14.2M | Series A | – | Lightbox | |
| Apr 2018 | $1.44M | Seed | – | Tomorrow Capital, Whiteboard Capital | |
| Feb 2017 | $141,779 | Seed | – | Kunal Naresh Shah, Whiteboard Capital | |
| Jun 2016 | $141,200 | Seed | – | Kunal Naresh Shah, Whiteboard Capital |
68 investors in total: 20 institutional and 48 angel.
Investors in Lets Reap
Lets Reap has secured backing from 68 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include DSP Mutual Fund, Alteria Capital and Whiteboard Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment support is provided to startups by Whiteboard Capital. | 2017 | whiteboardcap.com | Mumbai, India | |
Venture debt funding and structured finance for innovative startups in India. | 2018 | alteriacapital.com | Mumbai, India | |
Venture capital investments are directed toward India's consumption market businesses. | – | lightbox.vc | Mumbai, India | |
Early-stage investments are directed toward consumer brands by the firm. | – | tomorrowcapital.in | Mumbai, India | |
Private equity and innovation services are provided by STIC Investments. | – | stic.co.kr | Seoul, South Korea | |
Venture capital fund focused on early-stage startups | – | aaremventures.tcc.mode | Mumbai, India | |
Investment management services in growth equity and public investments in India. | 2016 | singularityamc.com | Mumbai, India | |
Multiple sectors are invested in by the venture capital firm. | – | cheyhamsecuritiesproprietary.tcc.mode | Doncaster East, Australia | |
Early-stage investments are targeted by this venture capital firm. | – | sgcfamilytrust.tcc.mode | Mumbai, India | |
Venture capital firm focused on multiple sectors | – | ngcfamilytrust.tcc.mode | Mumbai, India |
Investor details for Lets Reap
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Board of directors of Workcell Solutions Private Limited (Lets Reap)
Workcell Solutions Private Limited is the primary company behind Lets Reap. The board of Workcell Solutions Private Limited currently have 3 directors; the longest-serving is Siddharth Gadia, appointed in 2014. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Siddharth Gadia DIN 06955278 | Whole-time director | 29 Oct 2014 | 11 yrs 11 mo | Workcell Solutions Private Limited |
| Girish Agarwal DIN 07319985 | Whole-time director | 26 Oct 2015 | 10 yrs 11 mo | Workcell Solutions Private Limited |
| Kihyun Yun DIN 10605245 | Nominee Director | 27 Apr 2024 | 2 yrs 5 mo | Workcell Solutions Private Limited |
People of Lets Reap
2 people are tracked at Lets Reap (2 in leadership); the tracked headcount is 230.
| Name | Role | Group |
|---|---|---|
Shweta Salecha | Founder | Leadership |
| Co-Founder | Leadership |
Complete people profiles for Lets Reap
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Financials of Lets Reap
Figures of Workcell Solutions Private Limited, the primary company behind Lets Reap, for FY 2025. Revenue was ₹222 Cr (+46% year on year). Net loss was -₹75.16 Cr (-34% margin). EBITDA was -₹70.67 Cr (-32% margin). Revenue has grown at a compounded annual rate of +18% over three years and +22% over five years.
- ₹222 CrRevenue · FY 2025 · +46% YoY
- -₹75.16 CrNet loss · -34% margin
- -₹70.67 CrEBITDA · -32% margin
- ₹7 LakhPaid-up capital
- 230Employees (provident fund records)
- +18%Revenue CAGR, 3 years
- +22%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Workcell Solutions Private Limited are on its company page.
Detailed financial statements for Lets Reap
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Timeline of Lets Reap
3 dated milestones of Lets Reap across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Lets Reap is founded.
- Funding First funding round of $141K.
- Funding Latest funding round, Series B, of $26.4M.
Competitors of Lets Reap
Lets Reap has 9 listed competitors in our database, 8 of them funded. They include API Holdings, giftHEALTH, Pharmacist Bang, Remedial Health and PharmacyMarts, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| apiholdings.in | 2012 | Mumbai, India | $1.19B | 221 | Digital healthcare tools are offered for pharmacies and clinics management. | |
| gifthealth.com | 2009 | Columbus, United States | $5.76M | 55 | Provider of supply chain management platform | |
| ysbang.cn | 2015 | Guangzhou, China | $494.84M | – | A mobile marketplace is provided for pharmacists and pharmaceutical companies. | |
| remedial.health | 2020 | Newark, United States | $13.53M | – | Supply chain management software is provided for pharmacies and insurers. | |
| pharmacymarts.com | 2020 | Egypt | – | – | Online supply chain management platform for medical suppliers | |
| biddano.com | 2016 | Pune, India | $6.97M | 19 | Cloud-based supply chain management is provided for pharmacies and hospitals. | |
| relatable.io | 2016 | Nashville, United States | $1.62M | – | Healthcare product supply chains are managed via a dedicated platform. | |
| drugstoc.com | 2015 | Ikeja, Nigeria | $4.4M | – | Provider of procurement platform for pharmacies, clinics, and healthcare organizations | |
| ypzdw.com | 2010 | Chengdu, China | $12.1M | – | Operates a B2B e-commerce platform for pharmaceuticals. |
Detailed competitors of Lets Reap
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Top companies in Pharmacy & Healthcare Retail Systems
10 companies that operate in the same segment as Lets Reap (Pharmacy & Healthcare Retail Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Alto Pharmacy is focused on providing convenient prescription delivery services. | 2015 | San Francisco, California, United States | USD 591.64 M | – | 802 | |
Online community and B2B platform for pharmacy professionals is operated. | 2012 | Singapore, Singapore | USD 10 M | – | – | |
Optum is recognized as a leading health solution and care delivery organization. | 2011 | Eden Prairie, Minnesota, United States | USD 250 K | USD 383.36 M | 140 | |
Materials management and business analytics solutions for healthcare are provided. | 1992 | Mountain View, California, United States | USD 20 M | USD 1.18 B | 3,670 | |
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 | |
Prescription drugs refill management solutions | 2015 | San Francisco, California, United States | USD 105.54 M | – | 99 | |
On-demand prescription delivery is facilitated for patients through pharmacists' workflows. | 2016 | Jacksonville, United States | USD 30.64 M | – | 95 | |
Medication management systems are supplied to healthcare providers and pharmacies. | 1968 | Columbus, Ohio, United States | USD 8.3 M | – | – | |
Provider of supply chain management platform | 2009 | Columbus, Ohio, United States | USD 5.76 M | – | 55 |
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Related news about Lets Reap
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Frequently Asked Questions about Lets Reap
Lets Reap was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Lets Reap is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Lets Reap is a funded company, having raised a total of $59.87M across 8 funding rounds to date. The company's 1st funding round was a Seed of $141.2K, raised on Jun 2016.
Lets Reap has 230 employees.
The primary company behind Lets Reap, Workcell Solutions Private Limited, reported revenue of ₹222 Cr for FY 2025, up 46% year on year.
Reap was founded in 2015 in Mumbai, India, within the pharmaceutical software sector. Tools for communication and supply chain management are supplied to pharmacies, allowing product searches and distributor connections. A professional network for pharmacists and a news portal on industry topics are maintained. An app platform is utilized by pharma firms to disseminate product details, implement short-term promotions, collect responses, and perform surveys.
Lets Reap's top competitors include API Holdings, giftHEALTH and Pharmacist Bang.
Lets Reap has 68 investors. Key investors include DSP Mutual Fund, Alteria Capital, Whiteboard Capital, Tablt, and CTH Advisors.
Lets Reap operates through Workcell Solutions Private Limited.
The legal entities of Lets Reap currently have 3 directors, including Siddharth Gadia, Girish Agarwal, Kihyun Yun.