About LocalWell
LocalWell is a Healthcare company based in Ahmedabad (India) founded in 2019 by Chirag Agarwal. Pharmacies are transformed into e-pharmacies through technological solutions. It operates on a SaaS (Software-as-a-Service), Subscription Services, and Freemium model. LocalWell has raised $615.2 thousand across 2 funding rounds from investors including STRIVE, Rohit Kumar Bansal and Varun Alagh. LocalWell was last valued at $4.25 million in June 2022. Its chief executive, as recorded, is Chirag Agarwal. Its website localwell.in draws about 379 thousand monthly visits. Its Indian entity Localwell Healthtech Private Limited reported revenue of ₹87.1 Lakh. LocalWell offers products and services including LocalWell Pharmacy Software, Inventory Management, and Customer Engagement Tools. Its focus areas include Technology, Software and HealthTech Software. Its competitors include Pharmarack and KareXpert; 2 of its 2 listed competitors have raised funding.
Company details
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.
- Headquarters Ahmedabad, India
- Founders Chirag Agarwal
- Stage Minicorn
- SectorsHealthcare
- Website category Health
- Email••••••••
- Phone•••• ••••
- Website localwell.in
- Social LinkedIn X Facebook
- Legal Name Localwell Healthtech Pvt Ltd
- Date of Incorporation 04 Oct, 2019
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹87.1 Lakh
FY 2024 · +57% YoY
- Net Loss-₹97.8 Lakh
FY 2024 · -112% margin
- EBITDA-₹97.4 Lakh
FY 2024 · -112% margin
- Total Equity Funding$615.2K (USD)
in 2 rounds
- Latest Funding Round$615.2K (USD), Seed
Jun 2022
- InvestorsSTRIVE
& 9 more
Associated legal entities of LocalWell
LocalWell operates through Localwell Healthtech 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 |
|---|---|---|---|---|---|---|---|
| Localwell Healthtech Private Limited CIN U72900KA2019PTC174868 | Active | 04 Oct 2019 | Bangalore, Karnataka | ₹0.9 Cr | 2 | View details |
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.
Apps and channels of LocalWell
LocalWell publishes 1 mobile app with over 100K+ downloads.
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.
- Total Funding $615,202
- Total Rounds 2
- Last Round Seed — $615,202
- Investors Count 10
All 2 funding rounds of LocalWell 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 |
|---|---|---|---|---|---|
| Jun 2022 | $615,202 | Seed | $4.25M | STRIVE | |
| Jun 2019 | Seed | – | Titan Capital | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2022 | $4.25M | •••••••• |
Last known valuation $4.25M (Jun 2022). 10 investors in total: 2 institutional and 8 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital support is provided to seed and early-stage startups. | strive.vc | Minato City, Japan | ||
Investments are made in early-stage companies by Titan Capital. | titancapital.vc | Gurugram, India | ||
RK Rohit Kumar Bansal | unknown_088408abfd954f2e9 | |||
VA Varun Alagh | Co-founder & CEO of Mamaearth, active angel investor in consumer startups | unknown_8097a098ca0646bb9 | ||
AS Abhinav Sinha | unknown_5df31bcd24a547909 | |||
NR Niraj Ranjan | unknown_a7ee3508a35540218 | |||
MR Mukul Rustagi | Co-founder of Classplus, active angel investor in edtech and tech startups | unknown_e8dde2d8d03a4633b | ||
BA Bhaswat Agarwal | Angel investor, ex-entrepreneur, focused on early-stage Indian startups | unknown_4ace58a7eaf648598 | ||
KB Kunal Bahl | Co-founder of Snapdeal, Titan Capital, active angel investor in Indian startups | unknown_faef21512ae449d0b | ||
RB Rohit Bansal | Co-founder of Snapdeal, active angel investor in Indian startups | unknown_d6f52e45a9714c47b |
Investor details for LocalWell
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 Localwell Healthtech Private Limited (LocalWell)
Localwell Healthtech Private Limited is the primary company behind LocalWell. The board of Localwell Healthtech Private Limited currently have 2 directors; the longest-serving is Chirag Agrawal, appointed in 2019. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Chirag Agrawal DIN 08579590 | Director | 04 Oct 2019 | 7 yrs 1 mo | Localwell Healthtech Private Limited |
| Surya De DIN 09520904 | Director | 02 Mar 2022 | 4 yrs 8 mo | Localwell Healthtech Private Limited |
People of LocalWell
2 people are tracked at LocalWell (2 in leadership).
| Name | Role | Group |
|---|---|---|
Chirag Agarwal | Founder & CEO | Leadership |
| Chief Executive Officer | Leadership |
Complete people profiles for LocalWell
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 LocalWell
Figures of Localwell Healthtech Private Limited, the primary company behind LocalWell, for FY 2024. Revenue was ₹87.1 Lakh (+57% year on year). Net loss was -₹97.8 Lakh (-112% margin). EBITDA was -₹97.4 Lakh (-112% margin). Revenue has grown at a compounded annual rate of +452% over three years.
- ₹87.1 LakhRevenue · FY 2024 · +57% YoY
- -₹97.8 LakhNet loss · -112% margin
- -₹97.4 LakhEBITDA · -112% margin
- ₹1.2 LakhPaid-up capital
- +452%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Localwell Healthtech Private Limited are on its company page.
Detailed financial statements for LocalWell
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 LocalWell
4 dated milestones of LocalWell across 3 years, from founding to its latest funding, stage changes and deals.
- Founded LocalWell is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $615K.
- Milestone Reaches Minicorn status.
Competitors of LocalWell
LocalWell has 2 listed competitors in our database, 2 of them funded. They include Pharmarack and KareXpert.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pharmarack.com | 2015 | Pune, India | $8.27M | 396 | SaaS-based pharmacy management solutions are offered to retailers and distributors. | |
| karexpert.com | 2014 | Gurugram, India | $6.99M | 159 | Cloud-based software suite for healthcare providers is offered. |
Detailed competitors of LocalWell
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 LocalWell
The website of LocalWell (localwell.in) receives about 378.9K visits a month and ranks #139,430 among all websites worldwide, #4,228 in Health.
- Monthly visits378.9K
▲ 60.7% vs previous month
- Unique visitors8.3K
per month
- Global rank#139,430
among all websites
- Category rank#4,228
Health · Health
- Bounce rate14%
- Pages per visit24.3
- Average visit137 min 40 sec
- DevicesDesktop 99% · Mobile 1%
Websites whose visitors overlap most with LocalWell. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| evitalrx.in | 100% | 532.3K | #56,844 | View details | |
| cortexedi.com | 93% | #680,975 | View details | ||
| 1mg.com | 83% | 44.9M | #1,062 | View details |
Top companies in Pharmacy & Healthcare Retail Systems
2 companies that operate in the same segment as LocalWell (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 719.01 M | 215 |
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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 CEO of LocalWell, as recorded in our data. They have also founded this company.
LocalWell is a funded company, having raised a total of $615.2K across 2 funding rounds to date.
The primary company behind LocalWell, Localwell Healthtech Private Limited, reported revenue of ₹87.1 Lakh for FY 2024, up 57% year on year.
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 KareXpert and Pharmarack.
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.
LocalWell operates through Localwell Healthtech Private Limited.
The legal entities of LocalWell currently have 2 directors, including Chirag Agrawal, Surya De.