About Pharmarack
Pharmarack is a Healthcare company based in Pune (India) founded in 2015, and was acquired by DigiHealth in April 2021. SaaS-based pharmacy management solutions are offered to retailers and distributors. It operates on a SaaS (Software-as-a-Service), Two-Sided Marketplace, and HealthTech model. 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. Pharmarack has completed 1 acquisition, including DigiHealth. Pharmarack was last valued at $10.06 million in June 2019. Its chief executive, as recorded, is Dhruv Gulati. Its website pharmarack.com draws about 1 million monthly visits. Its Indian entity Pharmarack Technologies Private Limited reported revenue of ₹45.34 Cr. Pharmarack offers products and services including SaaS Solutions, Delivery Enablement, Financing Solutions, Market Access, and Analytics Solutions. Its focus areas include Health Technology and B2B Healthcare Platforms.
Company details
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.
- Headquarters Pune, India
- Employees 557
- Stage Acquired
- SectorsHealthcare
- Website category Health
- Email••••••••
- Phone•••• ••••
- Website pharmarack.com
- Social LinkedIn X Facebook
- Acquired by DigiHealth (Apr 2021)
- Legal Name Pharmarack Technologies Pvt. Ltd.
- Date of Incorporation 21 Sep, 2015
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹45.34 Cr
FY 2024 · +19% YoY
- Net Loss-₹120 Cr
FY 2024 · -264% margin
- EBITDA-₹118 Cr
FY 2024 · -260% margin
- Total Equity Funding$10.2M (USD)
in 9 rounds
- Latest Funding Round$3M (USD), Series A
Sep 2019
- InvestorsIvyCap Ventures
& 22 more
- Employee Count557
- Investments & Acquisitions
- Acquired byDigiHealth
(Apr 2021)
Associated legal entities of Pharmarack
Pharmarack operates through Pharmarack Technologies 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 |
|---|---|---|---|---|---|---|---|
| Pharmarack Technologies Private Limited CIN U72900PN2015PTC156535 | Active | 21 Sep 2015 | Pune, Maharashtra | ₹45.3 Cr | 557 | 4 | View details |
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.
Apps and channels of Pharmarack
Pharmarack publishes 1 mobile app with over 50K+ downloads.
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 $10.2M
- Total Rounds 9
- Last Round Series A — $3M
- First Round $282,297
(Nov 2015)
- Investors Count 22
All 9 funding rounds of Pharmarack 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 |
|---|---|---|---|---|---|
| Sep 2019 | $3M | Series A | – | – | |
| Jun 2019 | $3.5M | Series A | $10.06M | IvyCap Ventures Advisors | |
| Feb 2019 | $807,256 | Seed | – | Bijay V Singh | |
| Nov 2018 | $631,008 | Seed | – | Unicorn India Ventures | |
| Feb 2018 | $209,183 | Seed | – | Unicorn India Ventures, Skites Pharma | – |
| Sep 2016 | $744,635 | Seed | $1.94M | Clari Health | |
| Sep 2016 | $745,000 | Seed | – | – | |
| Jan 2016 | $280,000 | Seed | $••••• | Unicorn India Ventures | |
| Nov 2015 | $282,297 | Seed | – | Ajay Kumar Mehta, Unicorn India Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2019 | $10.06M | •••••••• |
| Sep 2016 | $1.94M | •••••••• |
Last known valuation $10.06M (Jun 2019). 23 investors in total: 8 institutional and 15 angel.
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 |
|---|---|---|---|---|
Venture capital investments in startups from leading Indian institutions across various sectors. | 2011 | ivycapventures.com | Mumbai, India | |
Venture capital firm offering seed funding and support to startups in technology and innovation sectors. | 2014 | unicornivc.com | Mumbai, India | |
Fintech and various sectors are invested in by Pivotal Managers. | pivotalmanagers.tcc.mode | |||
Venture capital funding and support for healthtech startups. | 2015 | curraehealthtech.com | Mumbai, India | |
Standalone general clinic | 2018 | clarihealth.com | Singapore, Singapore | |
| skitespharma.com | ||||
VA Vishal Agarwal | Angel investor, founder of ItzCash, pioneer in digital payments in India | unknown_77871723a33948c18 | ||
CZ Claus Zieler | unknown_f724c91658d34580a | |||
RC Richa Chawla | unknown_dd663984ec584e8b8 | |||
AP Anantha Padmanabha Nayak | unknown_1fc7fd599daf485c8 |
Investor details for Pharmarack
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Board of directors of Pharmarack Technologies Private Limited (Pharmarack)
Pharmarack Technologies Private Limited is the primary company behind Pharmarack. The board of Pharmarack Technologies Private Limited currently have 4 directors; the longest-serving is Mukund Anand Thakkar, appointed in 2021. 19 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mukund Anand Thakkar DIN 02906462 | Director | 26 Aug 2021 | 5 yrs 1 mo | Pharmarack Technologies Private Limited |
| Saurabh Rameshbhai Mashruwala DIN 01786490 | Director | 26 Aug 2021 | 5 yrs 1 mo | Pharmarack Technologies Private Limited |
| Dhruv Gulati DIN 08166107 | Director | 16 Jan 2024 | 2 yrs 9 mo | Pharmarack Technologies Private Limited |
| Sreenivasrao Nandigam DIN 02410352 | Director | 06 May 2025 | 1 yr 5 mo | Pharmarack Technologies Private Limited |
People of Pharmarack
27 people are tracked at Pharmarack (7 in leadership, 20 in team); the tracked headcount is 557.
| Name | Role | Group |
|---|---|---|
| CEO | Leadership | |
Chandrakant Agrawal | Chief Financial Officer | Leadership |
Siddhant Matre | VP Strategy | Leadership |
Ramasamy Ramar | Director Of Product And Technology | Leadership |
Asha Sequeira | Head Of People Operations | Leadership |
Surya Rc | Head - North & East | Leadership |
Richa A Chaudhary | Associate Vice President | Leadership |
Jasera Singh | Manager - New Business Development | Team |
Sapna Shetty | Senior Executive Human Resources | Team |
Arani Bhavadeep | Tech Lead Devops & Disaster Recovery | Team |
Mohammad Rijwan | Manager Administration | Team |
Edwin Devdas | Sr. Manager HR | Team |
Aniket Salvi | Manager- Recruitment | Team |
Swati S | Senior Manager - Recruitments | Team |
Virendra Singh Thakur | Team Leader - Product | Technologies | Operations | Team |
Aditya Saxena | Zonal Sales Manager | Team |
Hitesh M. | Regional Sales Manager | Team |
Santosh Kumar | Regional Sales Manager | Team |
Tejas Dauskar | Regional Sales Manager | Team |
Vaibhav Padwal | Senior Manager | Team |
7 more people are available in the full profile.
Complete people profiles for Pharmarack
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Financials of Pharmarack
Figures of Pharmarack Technologies Private Limited, the primary company behind Pharmarack, for FY 2024. Revenue was ₹45.34 Cr (+19% year on year). Net loss was -₹120 Cr (-264% margin). EBITDA was -₹118 Cr (-260% margin). Revenue has grown at a compounded annual rate of +54% over three years and +83% over five years.
- ₹45.34 CrRevenue · FY 2024 · +19% YoY
- -₹120 CrNet loss · -264% margin
- -₹118 CrEBITDA · -260% margin
- ₹5.1 LakhPaid-up capital
- 557Employees (provident fund records)
- +54%Revenue CAGR, 3 years
- +83%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Pharmarack Technologies Private Limited are on its company page.
Detailed financial statements 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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Software solutions for pharmacies are provided by DigiHealth. | digihealth.in | 0 | Apr 2021 | •••• |
Complete acquisition details for Pharmarack
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Timeline of Pharmarack
6 dated milestones of Pharmarack across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Pharmarack is founded.
- Funding First funding round of $282K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $3.0M.
- Acquisition Acquires DigiHealth.
- Exit Acquired by DigiHealth.
Web traffic of Pharmarack
The website of Pharmarack (pharmarack.com) receives about 1M visits a month and ranks #55,465 among all websites worldwide, #1,457 in Health.
- Monthly visits1M
▼ 8.3% vs previous month
- Unique visitors195.3K
per month
- Global rank#55,465
among all websites
- Category rank#1,457
Health · Health
- Bounce rate38%
- Pages per visit3.4
- Average visit3 min 14 sec
- DevicesDesktop 67% · Mobile 33%
Websites whose visitors overlap most with Pharmarack. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| 1mg.com | 100% | 44.9M | #1,062 | View details | |
| retailio.in | 89% | 263.6K | #130,742 | View details | |
enterodirect.com | enterodirect.com | 81% | #297,131 | – | |
| retailershakti.com | 68% | 188.9K | #204,331 | View details | |
| aiocdawacs.com | 63% | 13.3K | #1,507,252 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 14 similar websites and full traffic analytics for Pharmarack
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- 14 similar websites
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Verified entity values are shown only after access is granted.
Top companies in Pharmacy & Healthcare Retail Systems
2 companies that operate in the same segment as Pharmarack (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 805.55 M | 215 |
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Related news about 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 CEO of Pharmarack, as recorded in our data.
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 $282.3K, raised on Nov 2015.
Pharmarack has 557 employees.
The primary company behind Pharmarack, Pharmarack Technologies Private Limited, reported revenue of ₹45.34 Cr for FY 2024, up 19% year on year.
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 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.
Pharmarack operates through Pharmarack Technologies Private Limited.