About Redbook
Redbook is a Healthcare company based in Mumbai (India) founded in 2015 by Ankit Solanki. GST-enabled software for pharmacy retail and distribution management is provided. Redbook has raised $321.7 thousand across 2 funding rounds from investors including Anirudh Malpani, Manjeet Buaria and Dinesh Ishwarlal Gosai. The company has 49 employees. Redbook was last valued at $1.7 million in May 2019. Its Indian entity Instinct Innovations Private Limited reported revenue of ₹13.10 Cr. Its focus areas include HealthTech, Pharmacy IT and Pharmacy Management Systems.
Company details
Redbook was founded in 2015 in Mumbai, India, within the healthcare software sector. GST-compliant solutions for retail pharmacies and pharmaceutical distributors are offered, encompassing GST return filing, automated order placement, expiry and order alerts, intuitive interfaces, offline operations with data auto-sync, customer interaction tools, and stock demand tracking for minimum levels. Email-based inventory oversight and support services are also maintained.
- Headquarters Mumbai, India
- Employees 49
- Founders Ankit Solanki
- Stage Minicorn
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website redbook.co.in
- Social Facebook
- Legal Name Instinct Innovations Private Limited
- Date of Incorporation 09 Nov, 2015
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹13.10 Cr
FY 2024 · +356% YoY
- Net Profit₹2.98 Cr
FY 2024 · 23% margin
- EBITDA₹3.04 Cr
FY 2024 · 23% margin
- Total Equity Funding$321.7K (USD)
in 2 rounds
- Latest Funding Round$71.7K (USD), Angel Round
May 2019
- InvestorsVida Ventures
& 19 more
- Employee Count49
Associated legal entities of Redbook
Redbook operates through Instinct Innovations 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 |
|---|---|---|---|---|---|---|---|
| Instinct Innovations Private Limited CIN U72300MH2015PTC270042 | Active | 09 Nov 2015 | Mumbai, Maharashtra | ₹13.1 Cr | 49 | 2 | View details |
Funding Insights of Redbook
Redbook has successfully raised a total of $321.7K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $71.7 thousand completed in May 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 $321,701
- Total Rounds 2
- Last Round Angel Round — $71,701
- First Round $250,000
(Mar 2017)
- Investors Count 20
All 2 funding rounds of Redbook 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 2019 | $71,701 | Angel Round | $1.7M | Anirudh Malpani | |
| Mar 2017 | $250,000 | Seed | $1.15M | Vida Ventures, Solidarity |
| Date | Valuation | Stage |
|---|---|---|
| May 2019 | $1.7M | •••••••• |
| Mar 2017 | $1.15M | •••••••• |
Last known valuation $1.7M (May 2019). 20 investors in total: 2 institutional and 18 angel.
Investors in Redbook
Redbook has secured backing from 20 investors, including angel and venture fund investors. Prominent investors backing the company include Anirudh Malpani, Manjeet Buaria and Dinesh Ishwarlal Gosai.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Biomedical innovations are transformed into therapies by Vida Ventures. | vidaventures.com | Boston, United States | ||
Private equity investments are managed by Solidarity across multiple sectors. | solidarity.in | Mumbai, India | ||
AM Anirudh Malpani | Angel investor, IVF specialist, and founder of Malpani Infertility Clinic. | unknown_48f574fd33924cc4a | ||
MB Manjeet Buaria | Angel investor and entrepreneur, focused on tech startups in India. | unknown_61433abbf80d45bab | ||
DI Dinesh Ishwarlal Gosai | unknown_9abf6d04cf6e454c8 | |||
NA Nehit Ashok Solanki | unknown_0486fd1734624db4a | |||
AN Aniruddha Narayan Malpani | unknown_404145e1e4d04a12b | |||
IM Ishan Manaktala | Angel investor, ex-entrepreneur, focused on early-stage Indian startups | unknown_1aea383207aa403cb | ||
KS Khushboo Shah | Angel investor and startup mentor, focusing on early-stage Indian ventures. | unknown_7753aa95b47d493a8 | ||
CH Carol Hargreaves | unknown_a5735707c4e84e448 |
Investor details for Redbook
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Board of directors of Instinct Innovations Private Limited (Redbook)
Instinct Innovations Private Limited is the primary company behind Redbook. The board of Instinct Innovations Private Limited currently have 2 directors; the longest-serving is Sonali Rajesh Kothari, appointed in 2021. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sonali Rajesh Kothari DIN 09145480 | Director | 14 Apr 2021 | 5 yrs 6 mo | Instinct Innovations Private Limited |
| Apoorva Jain DIN 08292576 | Director | 31 Mar 2023 | 3 yrs 7 mo | Instinct Innovations Private Limited |
People of Redbook
1 people are tracked at Redbook (1 in leadership); the tracked headcount is 49.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for Redbook
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
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Verified entity values are shown only after access is granted.
Financials of Redbook
Figures of Instinct Innovations Private Limited, the primary company behind Redbook, for FY 2024. Revenue was ₹13.10 Cr (+356% year on year). Net profit was ₹2.98 Cr (23% margin). EBITDA was ₹3.04 Cr (23% margin). Revenue has grown at a compounded annual rate of +378% over three years and +100% over five years.
- ₹13.10 CrRevenue · FY 2024 · +356% YoY
- ₹2.98 CrNet profit · 23% margin
- ₹3.04 CrEBITDA · 23% margin
- ₹4.9 LakhPaid-up capital
- 49Employees (provident fund records)
- +378%Revenue CAGR, 3 years
- +100%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Instinct Innovations Private Limited are on its company page.
Detailed financial statements for Redbook
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 Redbook
4 dated milestones of Redbook across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Redbook is founded.
- Funding First funding round of $250K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $72K.
Web traffic of Redbook
The website of Redbook (redbook.co.in) receives about 1.1K visits a month.
- Monthly visits1.1K
▲ 6.3% vs previous month
Top companies in Pharmacy & Healthcare Retail Systems
2 companies that operate in the same segment as Redbook (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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Complete news archive for Redbook
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Frequently Asked Questions about Redbook
Redbook was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Redbook is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Redbook is a funded company, having raised a total of $321.7K across 2 funding rounds to date. The company's 1st funding round was a Seed of $250K, raised on Mar 2017.
Redbook has 49 employees.
The primary company behind Redbook, Instinct Innovations Private Limited, reported revenue of ₹13.10 Cr for FY 2024, up 356% year on year.
Redbook was founded in 2015 in Mumbai, India, within the healthcare software sector. GST-compliant solutions for retail pharmacies and pharmaceutical distributors are offered, encompassing GST return filing, automated order placement, expiry and order alerts, intuitive interfaces, offline operations with data auto-sync, customer interaction tools, and stock demand tracking for minimum levels. Email-based inventory oversight and support services are also maintained.
Redbook has 20 investors. Key investors include Anirudh Malpani, Manjeet Buaria, Dinesh Ishwarlal Gosai, Nehit Ashok Solanki, and Aniruddha Narayan Malpani.
The valuation of Redbook is $1.7M as of May 2019.
Redbook operates through Instinct Innovations Private Limited.
The legal entities of Redbook currently have 2 directors, including Sonali Rajesh Kothari, Apoorva Jain.