About Pharmarack
Pharmarack is a company based in Pune (India) founded in 2015 was acquired by DigiHealth in April 2021. It operates as a SaaS (Software-as-a-Service), Two-Sided Marketplace, and HealthTech. Pharmarack has raised $10.2 million across 9 funding rounds from investors including IvyCap Ventures, Unicorn India Ventures and Currae Healthtech Fund. The company has 557 employees as of April 06, 2024. Pharmarack has completed 1 acquisition, including DigiHealth. Pharmarack offers products and services including SaaS Solutions, Delivery Enablement, Financing Solutions, Market Access, and Analytics Solutions. Pharmarack operates in a competitive market with competitors including mPharma, KareXpert, OmniSYS, Xevant and Scripta Insights, among others.
- Headquarter Pune, India
- Employees 557 as on 06 Apr, 2024
- 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 Pharmarack Technologies Pvt. Ltd.
- Jurisdiction Pune City, Maharashtra, India
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Annual Revenue
$4.57 M (USD)109.58as on Mar 31, 2023
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Net Profit
-$12.02 M (USD)-159.22as on Mar 31, 2023
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EBITDA
-$11.73 M (USD)-159.04as on Mar 31, 2023
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Total Equity Funding
$10.2 M (USD)
in 9 rounds
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Latest Funding Round
$3 M (USD), Series A
Sep 23, 2019
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Investors
IvyCap Ventures
& 22 more
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Employee Count
557
as on Apr 06, 2024
- Investments & Acquisitions
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Acquired by
DigiHealth
(Apr 01, 2021)
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Products & Services of Pharmarack
Pharmarack offers a comprehensive portfolio of products and services, including SaaS Solutions, Delivery Enablement, Financing Solutions, Market Access, and Analytics Solutions.
Software solutions are provided for pharma supply chain.
Delivery services are facilitated for healthcare product distribution.
Financial support is offered to pharma channel partners.
Access to markets is enabled for pharma stakeholders.
Data insights are provided for pharma supply chain.
Digital tools are developed for healthcare industry interactions.
People of Pharmarack
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Funding Insights of Pharmarack
Pharmarack has successfully raised a total of $10.2M across 9 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in September 2019. 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 Pharmarack
Pharmarack has secured backing from 23 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include IvyCap Ventures, Unicorn India Ventures and Currae Healthtech Fund.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in startups from leading Indian institutions across various sectors.
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Venture capital firm offering seed funding and support to startups in technology and innovation sectors.
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Fintech and various sectors are invested in by Pivotal Managers.
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Investor details for Pharmarack
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Investments & Acquisitions by Pharmarack
Pharmarack has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include DigiHealth.
Investment portfolio details for Pharmarack
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Software solutions for pharmacies are provided by DigiHealth.
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Complete acquisition details for Pharmarack
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Financial Statements - Pharmarack
Detailed financials for Pharmarack
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Pharmarack Comparisons
Peer comparison for Pharmarack
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Competitors of Pharmarack
Pharmarack 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, KareXpert, OmniSYS, Xevant and Scripta Insights, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of pharmacy management services and software for stock management for patients and pharmacies
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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 Pharmarack
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Latest news on Pharmarack
Complete news archive for Pharmarack
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Frequently Asked Questions about Pharmarack
Pharmarack was founded in 2015.
Pharmarack is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Dhruv Gulati is the current CEO of Pharmarack.
Pharmarack is a funded company, having raised a total of $10.2M across 9 funding rounds to date.
As of Apr 06, 2024, the latest employee count at Pharmarack is 557.
Annual revenue of Pharmarack is $4.57M as on Mar 31, 2023.
Pharmarack is established as Indias largest integrated B2B healthcare platform, focusing on digitizing the pharmaceutical supply chain. The company is engaged in providing end-to-end technology solutions that enhance the availability and accessibility of healthcare products. Various solutions such as SaaS, delivery enablement, financing, market access, analytics, and digital tools are offered to stakeholders including pharmacies, distributors, companies, and public health enterprises. The platform serves as a marketplace for the healthcare industry, facilitating interactions and value-added services like logistics and financing. Operations are supported by robust technology stacks designed for adaptability and interoperability across mobile and desktop interfaces. Insights are provided to transform organizations within the pharma supply chain sector.
Pharmarack's top competitors include mPharma, Scripta Insights and KareXpert.
Pharmarack offers SaaS Solutions, Delivery Enablement, Financing Solutions, Market Access, and 2 more products and services.
Pharmarack has made 1 acquisition, including DigiHealth.
Pharmarack has 23 investors. Key investors include IvyCap Ventures, Unicorn India Ventures, Currae Healthtech Fund, Clari Health, and Vishal Agarwal.
The valuation of Pharmarack is $10.06M as of Jun 2019.