About mChemist
mChemist is a Healthcare company based in Delhi (India) founded in 2014 by Rajiv Ranjan and Rajiv Gulati, and was acquired by Akos in November 2021. It operates as an online pharmacy services for medicines and health products are delivered. mChemist has raised $246.11 thousand across 2 funding rounds from investors including Akos MD, Sangeeta Prasad and Arun Arora. mChemist was last valued at $6.87 million in May 2017. Its chief executive is Rajiv Ranjan. Its Indian entity Mchemist Global Private Limited reported revenue of ₹1.53 Cr. Its focus areas include HealthTech, Healthcare Booking Platforms, Pharmacies and Drugs. Its competitors include Tata 1mg, Netmeds, Truemeds, PharmEasy and MedPlus and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
mChemist was founded in 2014 in Delhi, India, and operates in the online pharmacy sector. Health products, including supplements, ayurvedic medicines, and prescription medicines, are supplied via a website, Android application, or WhatsApp uploads. Users are required to sign up, upload valid prescriptions, and confirm orders before medicines are shipped.
- Headquarters Delhi, India
- Founders Rajiv Ranjan, Rajiv Gulati
- Stage Acquired
- SectorsHealthcare
- Website category Health · Pharmacy
- Website mchemist.com
- Social LinkedIn X Facebook
- Acquired by Akos (Nov 2021)
- Legal Name Mchemist Global Private Limited
- Date of Incorporation 09 Dec, 2014
- Jurisdiction New Delhi, Delhi, India
Associated legal entities of mChemist
mChemist operates through Mchemist Global 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 |
|---|---|---|---|---|---|---|---|
| Mchemist Global Private Limited CIN U52100DL2014PTC273913 | Active | 09 Dec 2014 | New Delhi, Delhi | ₹1.5 Cr | – | 2 | View details |
Funding Insights of mChemist
mChemist has successfully raised a total of $246.11K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $40.75 thousand completed in May 2017. 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 $246,106
- Total Rounds 2
- Last Round Angel Round — $40,750
- First Round $205,356
(Mar 2016)
- Investors Count 14
All 2 funding rounds of mChemist 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 |
|---|---|---|---|---|---|
| May 2017 | $40,750 | Angel Round | $6.87M | Gagan Sharma | |
| Mar 2016 | $205,356 | Angel Round | $324,566 | Sangeeta Prasad |
| Date | Valuation | Stage |
|---|---|---|
| May 2017 | $6.87M | •••••••• |
Last known valuation $6.87M (May 2017). 15 investors in total: 1 institutional and 14 angel.
Investors in mChemist
mChemist has secured backing from 15 investors, including angel investors. Prominent investors backing the company include Akos MD, Sangeeta Prasad and Arun Arora.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
SP Sangeeta Prasad | - | – | unknown_4a746b558375449d9 | - |
AA Arun Arora | - | – | unknown_7e68a13361024e8ab | - |
DK Deepak Kumar Agrawal | - | – | unknown_4946dc7a7f9348e1b | - |
DS Dhruv Suri | - | – | unknown_eda9a504a7134c258 | - |
PS Parminderjit Singh Sandhu | - | – | unknown_4f1d24146a49409cb | - |
VS Vikash Singhal | Angel investor and entrepreneur, focused on tech startups in India. | – | unknown_a7a199f49d82460ba | - |
RK Ravi Kumar | Angel investor and tech entrepreneur, focusing on Indian startups | – | unknown_6b0e7b63cb294ca2a | - |
RG Rajiv Gulati | Angel investor, ex-Microsoft India head, supports tech startups | – | unknown_8a26f2572d4d4226b | - |
RR Rajiv Ranjan | Founder of Airpay, angel investor in Indian startups | – | unknown_6b76823644424cc3b | - |
GS Gurvinderpal Singh Baxi | - | – | unknown_7f441b9c9d3842beb | - |
Investor details for mChemist
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Board of directors of Mchemist Global Private Limited (mChemist)
Mchemist Global Private Limited is the primary company behind mChemist. The board of Mchemist Global Private Limited currently have 2 directors; the longest-serving is Amit Kumar, appointed in 2022. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amit Kumar DIN 08437987 | Director | 21 Jan 2022 | 4 yrs 8 mo | Mchemist Global Private Limited |
| Subash Prasar DIN 07616190 | Director | 03 Jan 2025 | 1 yr 9 mo | Mchemist Global Private Limited |
People of mChemist
2 people are tracked at mChemist (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for mChemist
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Financials of mChemist
Figures of Mchemist Global Private Limited, the primary company behind mChemist, for FY 2025. Revenue was ₹1.53 Cr (+18% year on year). Net profit was ₹2.2 Lakh (1% margin). EBITDA was ₹4.3 Lakh (3% margin). Revenue has grown at a compounded annual rate of +13% over three years and -12% over five years.
- ₹1.53 CrRevenue · FY 2025 · +18% YoY
- ₹2.2 LakhNet profit · 1% margin
- ₹4.3 LakhEBITDA · 3% margin
- ₹2.25 CrPaid-up capital
- +13%Revenue CAGR, 3 years
- -12%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mchemist Global Private Limited are on its company page.
Detailed financial statements for mChemist
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of mChemist
5 dated milestones of mChemist across 7 years, from founding to its latest funding, stage changes and deals.
- Founded mChemist is founded.
- Funding First funding round of $205K.
- Funding Latest funding round, Angel Round, of $41K.
- Milestone Reaches Minicorn status.
- Exit Acquired by Akos.
Competitors of mChemist
mChemist has 9 listed competitors in our database, 8 of them funded. They include Tata 1mg, Netmeds, Truemeds, PharmEasy and MedPlus, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| 1mg.com | 2015 | Delhi, India | $230.8M | 4,419 | Provider of an online pharmacy with doctor listing and teleconsultation services | |
| netmeds.com | 2015 | Chennai, India | $109M | 988 | Provider of an online store for medicines and healthcare products | |
| truemeds.in | 2019 | Mumbai, India | $112.97M | 345 | Provider of an online pharmacy and telehealth platform | |
| pharmeasy.in | 2015 | Mumbai, India | $688.41M | 493 | Provider of an online pharmacy and healthcare platforms | |
| medplusindia.com | 2006 | Hyderabad, India | $268.78M | 8,729 | Medicines and health products are retailed through pharmacy outlets. | |
| sastasundar.com | 2011 | Kolkata, India | $38.26M | 1,344 | An online marketplace for healthcare products is operated. | |
| medlife.com | 2014 | Bengaluru, India | – | 46 | Provider of an online pharmacy for medications | |
| tablt.com | 2018 | Kolkata, India | $8.28M | 144 | Online platform for the purchase of medicines | |
| healthskoolpharmacy.com | 2015 | Noida, India | $3.32M | 111 | Online pharmacy for the delivery of OTC and prescription medicines |
Detailed competitors of mChemist
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of mChemist
The website of mChemist (mchemist.com) receives about 9.8K visits a month and ranks #2,984,996 among all websites worldwide, #3,623 in Pharmacy.
- Monthly visits9.8K
▲ 40.5% vs previous month
- Unique visitors3.2K
per month
- Global rank#2,984,996
among all websites
- Category rank#3,623
Health · Pharmacy
- Bounce rate51%
- Pages per visit1.6
- Average visit25 sec
- DevicesDesktop 23% · Mobile 77%
Websites whose visitors overlap most with mChemist. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| medkart.in | 100% | 934.6K | #66,952 | View details | |
| netmeds.com | 80% | 6.3M | #10,624 | View details | |
| pharmeasy.in | 80% | 9.4M | #6,526 | View details | |
| medbuzz.in | 71% | 17.3K | #1,549,886 | View details | |
| indianchemist.com | 42% | 2.8K | #5,864,091 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for mChemist
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Top companies in Digital Health & Telemedicine
10 companies that operate in the same segment as mChemist (Digital Health & Telemedicine), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of an online pharmacy with doctor listing and teleconsultation services | 2015 | Delhi, Delhi, India | USD 230.8 M | USD 328.97 M | 5,212 | |
Online platform offering multiple healthcare services | 2013 | Bengaluru, Karnataka, India | USD 199.22 M | USD 62.4 M | 52 | |
An application is provided for comparing prescription drug prices nationwide. | 2011 | Santa Monica, California, United States | USD 22.21 M | USD 796.85 M | 1,063 | |
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
An online marketplace for healthcare products is operated. | 2011 | Kolkata, West Bengal, India | USD 38.26 M | – | – | |
Alto Pharmacy is focused on providing convenient prescription delivery services. | 2015 | San Francisco, California, United States | USD 591.64 M | – | 802 | |
Membership-based primary care platform is offered for employees and consumers. | 2007 | San Francisco, California, United States | USD 402.56 M | – | – | |
Telehealth solutions are provided for doctors and patients' consultations. | 2006 | Boston, Massachusetts, United States | USD 887.35 M | USD 115.54 M | 742 | |
Digital health services for men's wellness are offered by Ro. | 2017 | New York, New York, United States | USD 1.03 B | – | 1,485 | |
Provider of genetic test solutions to study ancestry, genealogy, and inherited traits | 2006 | Sunnyvale, California, United States | USD 943.53 M | USD 189.9 M | 562 |
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Related news about Mchemist
Complete news archive for mChemist
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Frequently Asked Questions about mChemist
mChemist was founded in 2014 and raised its 1st funding round 2 years after it was founded.
mChemist is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Rajiv Ranjan is the current CEO of mChemist. They have also founded this company.
mChemist is a funded company, having raised a total of $246.11K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $205.36K, raised on Mar 2016.
The primary company behind mChemist, Mchemist Global Private Limited, reported revenue of ₹1.53 Cr for FY 2025, up 18% year on year.
mChemist was founded in 2014 in Delhi, India, and operates in the online pharmacy sector. Health products, including supplements, ayurvedic medicines, and prescription medicines, are supplied via a website, Android application, or WhatsApp uploads. Users are required to sign up, upload valid prescriptions, and confirm orders before medicines are shipped.
mChemist's top competitors include Tata 1mg, SastaSundar and PharmEasy.
mChemist has 15 investors. Key investors include Akos MD, Sangeeta Prasad, Arun Arora, Deepak Kumar Agrawal, and Dhruv Suri.
The valuation of mChemist is $6.87M as of May 2017.
mChemist operates through Mchemist Global Private Limited.
Yes. mChemist was acquired by Akos in November 2021.
The legal entities of mChemist currently have 2 directors, including Amit Kumar, Subash Prasar.