About Medkart
Medkart is a Healthcare company based in Ahmedabad (India) founded in 2014. Online platform for comparison of prices and purchase of medicines. Medkart has raised $5.39 million across 1 funding round from investors including Alkemi Partners, Insitor Partners and Prashant Poddar. The company has 105 employees. Medkart was last valued at $18.97 million in May 2021. Its website medkart.in draws about 935 thousand monthly visits. Its Indian entity Medkart Pharmacy Private Limited reported revenue of ₹45.73 Cr. Medkart offers products and services including Generic Medicines, Lab Tests, and Branded Medicines. Its focus areas include HealthTech, Healthcare Booking Platforms, Pharmacies and Listing Platforms. Its competitors include Medlr, PharmLane and Pharmacy Checker Online.
Company details
Medkart was founded in 2014 in Ahmedabad, India, within the healthcare e-commerce sector. An online platform is operated where prices of medicines from various locations are compared by users. Medicines can be searched and ordered for home delivery. A chain of offline stores is maintained, focusing on the sale of generic medicines. Operations are centered in India, supporting both digital and physical access to pharmaceuticals.
- Headquarters Ahmedabad, India
- Employees 105
- Stage Minicorn
- SectorsHealthcare
- Website category Health · Pharmacy
- Website medkart.in
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Medkart Pharmacy Private Limited
- Date of Incorporation 22 Mar, 2019
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹45.73 Cr
FY 2025 · +10% YoY
- Net Loss-₹1.36 Cr
FY 2025 · -3% margin
- EBITDA-₹70.8 Lakh
FY 2025 · -2% margin
- Total Equity Funding$5.39M (USD)
in 1 rounds
- Latest Funding Round$5.39M (USD), Series A
May 2021
- InvestorsAlkemi Partners
& 12 more
- Employee Count105
Associated legal entities of Medkart
Medkart is associated with 2 registered companies on The Company Check; the primary company is Medkart Pharmacy Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Medkart Pharmacy Private Limited CIN U74999GJ2019PTC107176 | Active | 22 Mar 2019 | Ahmedabad, Gujarat | ₹45.7 Cr | 105 | 3 | View details |
| Emeritus Pharma Private Limited CIN U51909GJ2017PTC100254 | Active | 26 Dec 2017 | Ahmedabad, Gujarat | ₹5.8 Cr | 1 | 3 | View details |
Products & Services of Medkart
Medkart offers a comprehensive portfolio of products and services, including Generic Medicines, Lab Tests, and Branded Medicines.
Affordable drugs as alternatives to branded versions
Free home collection for various health tests
Original drugs with price comparisons available
Apps and channels of Medkart
Medkart publishes 1 mobile app with over 50K+ downloads; its YouTube channel Medkart Pharmacy has 886 subscribers and 30 videos.
Videos from Medkart
The most watched videos on Medkart's YouTube channel, Medkart Pharmacy (886 subscribers). Click a video to play it here.
More on Medkart Pharmacy.
Funding Insights of Medkart
Medkart has successfully raised a total of $5.39M through 1 strategic funding round. The most recent funding activity was a Series A round of $5.39 million completed in May 2021. 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 $5.39M
- Total Rounds 1
- Last Round Series A — $5.39M
- First Round $5.39M
(May 2021)
- Investors Count 13
All 1 funding rounds of Medkart 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 2021 | $5.39M | Series A | $18.97M | Insitor Partners, Alkemi Growth Capital |
| Date | Valuation | Stage |
|---|---|---|
| May 2021 | $18.97M | •••••••• |
Last known valuation $18.97M (May 2021). 13 investors in total: 3 institutional and 10 angel.
Investors in Medkart
Medkart has secured backing from 13 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Alkemi Partners, Insitor Partners and Prashant Poddar.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of impact investment firm based in Singapore focused on investing in startups and early-stage social businesses | insitorpartners.com | Singapore, Singapore | ||
Investment in early-stage healthcare companies for consumer well-being and growth. | 2017 | alkemivp.com | Delhi, India | |
M&A and strategic advisory firm focused on multiple sectors | radixcap.in | Mumbai, India | ||
PP Prashant Poddar | unknown_8b54aab1b689451a9 | |||
TS Tejinderjit Singh Sandhu | unknown_cc4abbc878474f0d9 | |||
SG Subodh Gupta | Angel investor and entrepreneur, known for early-stage tech investments in India. | unknown_7948cfe9c28344c29 | ||
RR Rama Rao | Indian angel investor, tech entrepreneur, and advisor in early-stage startups. | unknown_e40f5e61bd5243d8a | ||
MP Mudit Paliwal | unknown_4bad97eab38249bca | |||
PS Prashasta Seth | unknown_354ee45721ae41178 | |||
SD Shalini Dhawan | unknown_f341b3dedc554054a |
Investor details for Medkart
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Medkart Pharmacy Private Limited (Medkart)
Medkart Pharmacy Private Limited is the primary company behind Medkart. The boards of the 2 registered companies of Medkart currently have 4 directors; the longest-serving is Ankur Agarwal, appointed in 2019. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ankur Agarwal DIN 00599940 | Director | 22 Mar 2019 | 7 yrs 7 mo | Medkart Pharmacy Private Limited, Emeritus Pharma Private Limited |
| Parthiv Hareshbhai Shah DIN 08396371 | Director | 22 Mar 2019 | 7 yrs 7 mo | Medkart Pharmacy Private Limited |
| Parasharan Narasimha Chari DIN 08417581 | Director | 11 Apr 2019 | 7 yrs 6 mo | Medkart Pharmacy Private Limited, Emeritus Pharma Private Limited |
| Jyoti Narang DIN 00351187 | Nominee Director | 19 May 2022 | 4 yrs 5 mo | Emeritus Pharma Private Limited |
People of Medkart
7 people are tracked at Medkart (3 in leadership, 4 in team); the tracked headcount is 105.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership | |
| Director | Leadership | |
Taral Parikh | Head Of Operations | Leadership |
Shreyansh Chhatbar | Laravel Backend Developer | Team |
Niraj Kumar | Retail Operations Manager | Team |
Bhamini Parmar | Team Leader | Team |
James Baby | Marketing Manager | Team |
Complete people profiles for Medkart
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Medkart
Figures of Medkart Pharmacy Private Limited, the primary company behind Medkart, for FY 2025. Revenue was ₹45.73 Cr (+10% year on year). Net loss was -₹1.36 Cr (-3% margin). EBITDA was -₹70.8 Lakh (-2% margin). Revenue has grown at a compounded annual rate of +15% over three years.
- ₹45.73 CrRevenue · FY 2025 · +10% YoY
- -₹1.36 CrNet loss · -3% margin
- -₹70.8 LakhEBITDA · -2% margin
- ₹2 LakhPaid-up capital
- 105Employees (provident fund records)
- +15%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Medkart Pharmacy Private Limited are on its company page.
Detailed financial statements for Medkart
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Medkart
3 dated milestones of Medkart across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Medkart is founded.
- Funding First funding round of $5.4M.
- Milestone Reaches Minicorn status.
Competitors of Medkart
Medkart has 3 listed competitors in our database. They include Medlr, PharmLane and Pharmacy Checker Online.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| medlr.in | 2022 | Chandigarh, India | Operates a digital hub for comparing pharmacy prices. | |||
| pharmlane.com | 2018 | Ahmedabad, India | An online platform that helps users locate local pharmacies and compare medication prices. | |||
| pharmacycheckeronline.com | 2003 | Navi Mumbai, India | Pharmacy Checker Online offers drug price comparisons and verification services for online pharmacies. |
Detailed competitors of Medkart
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Medkart
The website of Medkart (medkart.in) receives about 934.6K visits a month and ranks #66,952 among all websites worldwide, #1,852 in Pharmacy.
- Monthly visits934.6K
▲ 18.3% vs previous month
- Unique visitors456.7K
per month
- Global rank#66,952
among all websites
- Category rank#1,852
Health · Pharmacy
- Bounce rate32%
- Pages per visit2.8
- Average visit53 sec
- DevicesDesktop 13% · Mobile 87%
Websites whose visitors overlap most with Medkart. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| zeelabpharmacy.com | 100% | 2M | #30,906 | View details | |
| pharmeasy.in | 92% | 9.4M | #6,526 | View details | |
| netmeds.com | 91% | 6.3M | #10,624 | View details | |
apollopharmacy.in | apollopharmacy.in | 91% | #3,790 | – | |
| medplusmart.com | 90% | 1.9M | #27,494 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Medkart
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Digital Health & Telemedicine
3 companies that operate in the same segment as Medkart (Digital Health & Telemedicine) in India, 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 199.65 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 online marketplace for healthcare products is operated. | 2011 | Kolkata, West Bengal, India | USD 38.26 M |
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Related news about Medkart
Complete news archive for Medkart
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Frequently Asked Questions about Medkart
Medkart was founded in 2014 and raised its 1st funding round 7 years after it was founded.
Medkart is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Medkart is a funded company, having raised a total of $5.39M across 1 funding round to date. The company's 1st funding round was a Series A of $5.39M, raised on May 2021.
Medkart has 105 employees.
The primary company behind Medkart, Medkart Pharmacy Private Limited, reported revenue of ₹45.73 Cr for FY 2025, up 10% year on year.
Medkart was founded in 2014 in Ahmedabad, India, within the healthcare e-commerce sector. An online platform is operated where prices of medicines from various locations are compared by users. Medicines can be searched and ordered for home delivery. A chain of offline stores is maintained, focusing on the sale of generic medicines. Operations are centered in India, supporting both digital and physical access to pharmaceuticals.
Medkart's top competitors include PharmLane, Medlr and Pharmacy Checker Online.
Medkart offers Generic Medicines, Lab Tests, and Branded Medicines.
Medkart has 13 investors. Key investors include Alkemi Partners, Insitor Partners, Prashant Poddar, Radix Capital, and Tejinderjit Singh Sandhu.
The valuation of Medkart is $18.97M as of May 2021.
Medkart is associated with 2 legal entities: Medkart Pharmacy Private Limited, Emeritus Pharma Private Limited.
The legal entities of Medkart currently have 4 directors, including Ankur Agarwal, Parasharan Narasimha Chari, Parthiv Hareshbhai Shah and others.