India's Most Valuable Companies 2022 edition · Source: Hurun India
Rank#90- Valuation
- ₹46,400 Cr
2021 #97
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About PharmEasy
PharmEasy is a Healthcare company based in Mumbai (India) founded in 2015 by Harsh Parekh, Hardik Dedhia, and Dhaval Shah. PharmEasy has raised $688.41 million across 11 funding rounds from investors including MediBuddy, Bessemer Venture Partners and Avendus. PharmEasy has completed 1 acquisition, including Medlife. PharmEasy was last valued at $1.04 billion in February 2021. Its website pharmeasy.in draws about 9.4 million monthly visits. PharmEasy offers products and services including Medicine Delivery, Lab Tests, and Doctor Consultations. Its focus areas include HealthTech, Healthcare Booking Platforms, Pharmacies and Drugs. Its competitors include Tata 1mg, Netmeds and Truemeds; 3 of its 3 listed competitors have raised funding.
Company details
Provider of an online pharmacy and healthcare platforms. It offers a wide range of pharmaceutical products, healthcare and wellness items, over-the-counter (OTC) products, ayurvedic and homeopathic medicines, medical devices, and lab test.
Recognitions & Rankings of PharmEasy
Operational Areas
Associated legal entities of PharmEasy
PharmEasy is associated with 4 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| 91Streets Media Technologies Private Limited CIN U74999MH2014PTC259739 | Amalgamated | 26 Nov 2014 | Mumbai, Maharashtra | ₹28.1 Cr | 455 | 7 | View details |
| Threpsi Solutions Private Limited CIN U74999MH2019PTC320524 | Active | 01 Feb 2019 | Mumbai, Maharashtra | ₹651 Cr | 655 | 4 | View details |
| Axelia Solutions Private Limited CIN U74999MH2019PTC320220 | Active | 28 Jan 2019 | Mumbai, Maharashtra | ₹75.5 Cr | 10 | 4 | View details |
| Thea Technologies Private Limited CIN U72900MH2015PTC263734 | Amalgamated | 23 Apr 2015 | Mumbai, Maharashtra | ₹344 Cr | 295 | 2 | View details |
Products & Services of PharmEasy
PharmEasy offers a comprehensive portfolio of products and services, including Medicine Delivery, Lab Tests, and Doctor Consultations.
Medicine Delivery
E-commerce
Online service for ordering and delivering medicines to users.
Lab Tests
Diagnostic Services
Platform for booking and accessing various health tests remotely.
Doctor Consultations
Telehealth Services
Virtual platform for remote medical advice and consultations.
Apps and channels of PharmEasy
PharmEasy publishes 1 mobile app with over 10M+ downloads; its YouTube channel PharmEasy App has 274K subscribers and 30 videos.
PharmEasy App
Open channelVideos from PharmEasy
The most watched videos on PharmEasy's YouTube channel, PharmEasy App (274K subscribers). Click a video to play it here.
Morning chalegi on-time | On-time or Free with PharmEasy | TVC
Fasting tootegi on-time | On-time or free lab Tests with PharmEasy | TVC
10 Minutes Yoga For Weight Loss - Fat Burning Workouts At Home - Exercises For Weight Loss At Home
Health Shot Challenge | Medicine Pronunciation Gone Wrong | PharmEasy
More on PharmEasy App.
Funding Insights of PharmEasy
PharmEasy has successfully raised a total of $688.41M across 11 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $193 million completed in September 2025. 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 $688.41M
- Total Rounds 11
- Last Round Debt – Conventional — $193M
- First Round $5M
(Jun 2015)
- Investors Count 40
Latest 10 of 11 funding rounds of PharmEasy 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 2025 | $193M | Debt – Conventional | – | 360 One | |
| May 2022 | Series F | – | – | ||
| Feb 2022 | Series F | – | – | ||
| Jun 2021 | $300M | Series F | – | Temasek, TPG | |
| Feb 2021 | $66.41M | Series D | $1.04B | Temasek | |
| Nov 2019 | $220M | Series D | – | Temasek, Caisse de depot et placement du Quebec | |
| Sep 2018 | $50M | Series C | – | Fundamentum, Eight Roads Ventures | |
| Sep 2018 | $5.5M | Debt – Venture | – | – | |
| Feb 2018 | $30M | Series C | – | Bessemer Venture Partners, MEMG Family Office | |
| Mar 2017 | $17M | Series B | – | Ascent Health & Wellness Solutions |
Valuation history
| Date | Valuation | Stage |
|---|---|---|
| Feb 2021 | $1.04B | •••••••• |
Last known valuation $1.04B (Feb 2021). 40 investors in total: 29 institutional and 11 angel.
Investors in PharmEasy
PharmEasy has secured backing from 40 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include MediBuddy, Bessemer Venture Partners and Avendus.
All
Venture Fund
Institutional
Angel
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on early-stage companies | gauravsinghviventures.com | Surat, India | ||
An investment platform is provided for diverse sectors and geographies. | 1974 | temasek.com.sg | Singapore, Singapore | |
Fund of funds focused on pre-seed and seed-stage companies | 1992 | tpg.com | Fort Worth, United States | |
Tech companies are invested in by this venture capital firm. | 1997 | prosus.com | Amsterdam, Netherlands | |
Investment Firm | thinkinvestments.com | San Francisco, United States | ||
Multistage investments are directed toward technology, healthcare, and climate sectors. | b.capital | Manhattan Beach, United States | ||
Investment strategies are provided across diverse asset classes and markets. | 1965 | cdpq.com | Quebec City, Canada | |
Investments are directed toward growth-stage companies generating scalable impact. | 2009 | lightrock.com | London, United Kingdom | |
Venture capital investments and support for entrepreneurs in technology and innovation sectors. | 1911 | bvp.com | Redwood City, United States | |
Venture capital firm focused on early-stage investments | 2013 | oriosvp.com | Mumbai, India |
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Investor details for PharmEasy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of PharmEasy
The boards of the 4 registered companies of PharmEasy currently have 17 directors; the longest-serving is Dharmil Nirupam Sheth, appointed in 2014. 20 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Dharmil Nirupam Sheth DIN 06999772 | Director | 26 Nov 2014 | 11 yrs 11 mo | 91Streets Media Technologies Private Limited |
| Dhaval Rajesh Shah DIN 07485688 | Director | 28 Mar 2016 | 10 yrs 7 mo | 91Streets Media Technologies Private Limited |
| Dhiraj Jain DIN 07590970 | Director | 13 Aug 2016 | 10 yrs 2 mo | Thea Technologies Private Limited |
| Amit Kamlesh Singh DIN 07590975 | Director | 13 Aug 2016 | 10 yrs 2 mo | Thea Technologies Private Limited |
| Vishal Vijay Gupta DIN 01913013 | Director | 07 Apr 2018 | 8 yrs 6 mo | 91Streets Media Technologies Private Limited |
| Rehan Yar Khan DIN 00056077 | Director | 25 Sep 2018 | 8 yrs 1 mo | 91Streets Media Technologies Private Limited |
| Puncham Mukim DIN 07686367 | Director | 31 Oct 2018 | 7 yrs 11 mo | 91Streets Media Technologies Private Limited |
| Ashish Kumar DIN 00452609 | Director | 01 Dec 2018 | 7 yrs 10 mo | 91Streets Media Technologies Private Limited |
| Prem Venkatachalam Pavoor DIN 05268309 | Additional Director | 19 Mar 2020 | 6 yrs 7 mo | 91Streets Media Technologies Private Limited |
| Seemant Saurabh DIN 07070137 | Whole-time director | 02 Nov 2020 | 5 yrs 11 mo | Axelia Solutions Private Limited |
| Himanshu DIN 06491063 | Director | 11 Mar 2024 | 2 yrs 7 mo | Axelia Solutions Private Limited |
| Kalpana Srinivasan DIN 00008178 | Director | 23 Apr 2024 | 2 yrs 6 mo | Threpsi Solutions Private Limited |
| Shrey Mittal DIN 02942216 | Director | 18 Dec 2024 | 1 yr 10 mo | Threpsi Solutions Private Limited |
| Akshay Ramesh Shah DIN 07959801 | Nominee Director | 10 Jun 2025 | 1 yr 4 mo | Axelia Solutions Private Limited |
| Mahendra Chordia DIN 10687938 | Nominee Director | 10 Jun 2025 | 1 yr 4 mo | Axelia Solutions Private Limited |
| Uday Patel Kadam DIN 09277168 | Whole-time director | 01 Sep 2025 | 1 yr 1 mo | Threpsi Solutions Private Limited |
| Rajaganesan Rajbalaji DIN 09636145 | Additional Director | 01 Dec 2025 | 10 mo | Threpsi Solutions Private Limited |
People of PharmEasy
50 people are tracked at PharmEasy (12 in leadership, 38 in team).
| Name | Role | Group |
|---|---|---|
Harsh Parekh | Co-Founder | Leadership |
Hardik Dedhia | Co-Founder | Leadership |
| Co-Founder | Leadership | |
Santosh Pawar | VP, Engineering | Leadership |
Ram Cv | CFO | Leadership |
Abhishek Ray | Head-business Finance And Commercial-api Group [pharma+b2c Diagnostics] | Leadership |
Nidhi Lashkari | Director Engineering | Leadership |
Rushikesh Khadsare | Associate Director Engineering | Leadership |
Sanket Gala | General Manager Finance | Leadership |
Divya Hullur | Associate Director - Test Engineering | Leadership |
Sachin Jain | Deputy General Manager - Business Finance | Leadership |
Rajesh Nagda | Associate Director Of Engineering | Leadership |
Balakrishna Bhandari | Software Test Engineer | Team |
Kavin Subramani | Lead Android Developer | Team |
Keerti Godkhindi | Senior Software Test Engineer | Team |
Gaurav Singh | Engineering Manager | Team |
Sanjay Ceekala | Engineering Manager In Test | Team |
Sharad Tewari | Senior SDET | Team |
Pankhuree Shahi | Engineering Manager | Team |
Divya Sri Daka | Senior Software Engineer | Team |
30 more people are available in the full profile.
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Complete people profiles for PharmEasy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of PharmEasy
Figures of Axelia Solutions Private Limited, the primary company behind PharmEasy, for FY 2025. Revenue was ₹75.48 Cr (-27% year on year). Net profit was ₹30.8 Lakh (0% margin). EBITDA was ₹1.87 Cr (2% margin). Revenue has grown at a compounded annual rate of -39% over three years and -16% over five years.
- ₹75.48 CrRevenue · FY 2025 · -27% YoY
- ₹30.8 LakhNet profit · 0% margin
- ₹1.87 CrEBITDA · 2% margin
- ₹1 LakhPaid-up capital
- 10Employees (provident fund records)
- -39%Revenue CAGR, 3 years
- -16%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Axelia Solutions Private Limited are on its company page.
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Detailed financial statements for PharmEasy
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by PharmEasy
PharmEasy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Medlife.
Acquisitions
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of an online pharmacy for medications | medlife.com | Bengaluru, India | 2014 | May 2021 | $200M |
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Complete acquisition details for PharmEasy
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of PharmEasy
5 dated milestones of PharmEasy across 10 years, from founding to its latest funding, stage changes and deals.
- Founded PharmEasy is founded.
- Funding First funding round of $5.0M.
- Milestone Reaches Unicorn status.
- Acquisition Acquires Medlife.
- Funding Latest funding round, Debt – Conventional, of $193.0M.
Competitors of PharmEasy
PharmEasy has 3 listed competitors in our database, 3 of them funded. They include Tata 1mg, Netmeds and Truemeds.
| 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 |
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Detailed competitors of PharmEasy
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of PharmEasy
The website of PharmEasy (pharmeasy.in) receives about 9.4M visits a month and ranks #6,526 among all websites worldwide, #93 in Pharmacy.
- Monthly visits9.4M
▲ 4% vs previous month
- Unique visitors4.9M
per month
- Global rank#6,526
among all websites
- Category rank#93
Health · Pharmacy
Visitor engagement
- Bounce rate41%
- Pages per visit3.3
- Average visit2 min 10 sec
- DevicesDesktop 10% · Mobile 90%
Similar websites
Websites whose visitors overlap most with PharmEasy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| netmeds.com | 100% | 6.3M | #10,624 | View details | |
apollopharmacy.in | apollopharmacy.in | 100% | #3,790 | – | |
| medplusmart.com | 90% | 1.9M | #27,494 | View details | |
| 1mg.com | 79% | 44.9M | #1,062 | View details | |
| zeelabpharmacy.com | 70% | 2M | #30,906 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
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All 40 similar websites and full traffic analytics for PharmEasy
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
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Top companies in Digital Health & Telemedicine
3 companies that operate in the same segment as PharmEasy (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 Pharmeasy
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Complete news archive for PharmEasy
Full article history, source details, and older brand coverage require an active premium plan.
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- Brand-specific news history
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Articles about PharmEasy on our blog
- Top Unicorn Start-ups in India-202126 Apr 2021
Frequently Asked Questions about PharmEasy
PharmEasy was founded in 2015.
PharmEasy is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
PharmEasy is a funded company, having raised a total of $688.41M across 11 funding rounds to date. The company's 1st funding round was a Series B of $17M, raised on Jun 2015.
Provider of an online pharmacy and healthcare platforms. It offers a wide range of pharmaceutical products, healthcare and wellness items, over-the-counter (OTC) products, ayurvedic and homeopathic medicines, medical devices, and lab test.
PharmEasy offers Medicine Delivery, Lab Tests, and Doctor Consultations.
PharmEasy has made 1 acquisition, including Medlife.
PharmEasy has 40 investors. Key investors include MediBuddy, Bessemer Venture Partners, Avendus, Timesgroup, and TPG.
The valuation of PharmEasy is $1.04B as of Feb 2021.
PharmEasy is associated with 4 legal entities: Axelia Solutions Private Limited, Threpsi Solutions Private Limited, Thea Technologies Private Limited and others.
The legal entities of PharmEasy currently have 17 directors, including Seemant Saurabh, Akshay Ramesh Shah, Mahendra Chordia and others.
Yes. PharmEasy publishes PharmEasy: Doorstep Healthcare, with over 10 million downloads.