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 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
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
Unlock access to complete
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.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series A — $3.0M
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First Round
First Round
(10 Nov 2015)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Series A - Pharmarack | Valuation |
investors |
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| Jun, 2019 | Amount | Series A - Pharmarack | Valuation | IvyCap Ventures Advisors | |
| Feb, 2019 | Amount | Seed - Pharmarack | Valuation | Bijay V Singh |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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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Founded Year | Domain | Location | |
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Venture capital firm offering seed funding and support to startups in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Fintech and various sectors are invested in by Pivotal Managers.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pharmarack
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Pharmarack
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pharmarack Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of pharmacy management services and software for stock management for patients and pharmacies
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| domain | founded_year | HQ Location |
Cloud-based software suite for healthcare providers is offered.
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| domain | founded_year | HQ Location |
Offers medical billing services for pharmacies and manages business policies and relationships.
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| domain | founded_year | HQ Location |
A SaaS-based platform for pharmacy benefit management is provided.
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| domain | founded_year | HQ Location |
AI-driven pharmacy benefit management software is provided for pharmacies.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pharmarack
Frequently Asked Questions about Pharmarack
When was Pharmarack founded?
Pharmarack was founded in 2015.
Where is Pharmarack located?
Pharmarack is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of Pharmarack?
Dhruv Gulati is the current CEO of Pharmarack.
Is Pharmarack a funded company?
Pharmarack is a funded company, having raised a total of $10.2M across 9 funding rounds to date. The company's 1st funding round was a Seed of $807.26K, raised on Nov 10, 2015.
How many employees does Pharmarack have?
As of Apr 06, 2024, the latest employee count at Pharmarack is 557.
What is the annual revenue of Pharmarack?
Annual revenue of Pharmarack is $4.57M as on Mar 31, 2023.
What does Pharmarack do?
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.
Who are the top competitors of Pharmarack?
Pharmarack's top competitors include mPharma, Scripta Insights and KareXpert.
What products or services does Pharmarack offer?
Pharmarack offers SaaS Solutions, Delivery Enablement, Financing Solutions, Market Access, and 2 more products and services.
Who are Pharmarack's investors?
Pharmarack has 23 investors. Key investors include IvyCap Ventures, Unicorn India Ventures, Currae Healthtech Fund, Clari Health, and Vishal Agarwal.
What is Pharmarack's valuation?
The valuation of Pharmarack is $10.06M as of Jun 2019.
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