About LocalWell
LocalWell is a company based in Ahmedabad (India) founded in 2019 by Chirag Agarwal. It operates as a SaaS (Software-as-a-Service), Subscription Services, and Freemium. LocalWell has raised $615.2 thousand across 2 funding rounds from investors including STRIVE, Rohit Kumar Bansal and Varun Alagh. LocalWell offers products and services including LocalWell Pharmacy Software, Inventory Management, and Customer Engagement Tools. LocalWell operates in a competitive market with competitors including mPharma, Pharmarack, KareXpert, OmniSYS and Xevant, among others.
- Headquarter Ahmedabad, India
- Founders Chirag Agarwal
- Stage Minicorn
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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 Localwell Healthtech Pvt Ltd
- Date of Incorporation 04 Oct, 2019
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$66.52 K (USD)630.23as on Mar 31, 2023
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Net Profit
-$110.58 K (USD)-3857.49as on Mar 31, 2023
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EBITDA
-$122.4 K (USD)-5077.01as on Mar 31, 2023
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Total Equity Funding
$615.2 K (USD)
in 2 rounds
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Latest Funding Round
$615.2 K (USD), Seed
Jun 22, 2022
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Investors
STRIVE
& 9 more
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Employee Count
Not available
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Products & Services of LocalWell
LocalWell offers a comprehensive portfolio of products and services, including LocalWell Pharmacy Software, Inventory Management, and Customer Engagement Tools.
Pharmacy billing software is provided for retail management.
Inventory tracking is facilitated for pharmacy stock control.
Customer retention is supported through digital engagement tools.
Funding Insights of LocalWell
LocalWell has successfully raised a total of $615.2K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $615.2 thousand completed in June 2022. 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 LocalWell
LocalWell has secured backing from 10 investors, including venture fund and angel investors. Prominent investors backing the company include STRIVE, Rohit Kumar Bansal and Varun Alagh.
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Venture capital support is provided to seed and early-stage startups.
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Investments are made in early-stage companies by Titan Capital.
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Rohit Kumar Bansal |
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Investor details for LocalWell
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- Investor domains
- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by LocalWell
Investment portfolio details for LocalWell
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- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - LocalWell
Detailed financials for LocalWell
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- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Localwell Comparisons
Peer comparison for LocalWell
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- Named peers
- Headcount comparison
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Competitors of LocalWell
LocalWell 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 mPharma, Pharmarack, KareXpert, OmniSYS and Xevant, among others.
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Provider of pharmacy management services and software for stock management for patients and pharmacies
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SaaS-based pharmacy management solutions are offered to retailers and distributors.
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Cloud-based software suite for healthcare providers is offered.
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Offers medical billing services for pharmacies and manages business policies and relationships.
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A SaaS-based platform for pharmacy benefit management is provided.
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AI-driven pharmacy benefit management software is provided for pharmacies.
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Detailed competitors of LocalWell
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Latest news on Localwell
Complete news archive for LocalWell
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Frequently Asked Questions about LocalWell
LocalWell was founded in 2019.
LocalWell is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Chirag Agarwal is the current CEO of LocalWell. They have also founded this company.
LocalWell is a funded company, having raised a total of $615.2K across 2 funding rounds to date.
Annual revenue of LocalWell is $66.52K as on Mar 31, 2023.
Pharmacy billing and management software is offered by LocalWell, targeting retail pharmacies and medical stores in India. Solutions are provided for inventory management, accounting, customer engagement, and business analytics. The software is designed to operate on multiple devices through cloud-based technology, ensuring real-time data backup and ease of access. Sectors served include healthcare and retail pharmacy businesses, with features like automated refill reminders and purchase bill imports being integrated to enhance operational efficiency.
LocalWell's top competitors include mPharma, Scripta Insights and KareXpert.
LocalWell offers LocalWell Pharmacy Software, Inventory Management, and Customer Engagement Tools.
LocalWell has 10 investors. Key investors include STRIVE, Rohit Kumar Bansal, Varun Alagh, Abhinav Sinha, and Niraj Ranjan.
The valuation of LocalWell is $4.25M as of Jun 2022.