When was Aknamed founded?

Aknamed was founded in 2018 and raised its 1st funding round 1 year after it was founded.

Where is Aknamed located?

Aknamed is headquartered in Gurugram, India. It is registered at C-101, 1st Floor, Pinnacle Heights, C-Wing, GD Ambekar Road, Near Lodha Venizia, Kalachowki, Mumbai, Mumbai, Maharashtra, India, 400033.

Who is the current CEO of Aknamed?

Saurabh Pandey of Aknamed. They have also founded 1 company and are angel investors in 6 startups, including .

Which legal entities is Aknamed associated with?

Aknamed is associated with AKNA MEDICAL PRIVATE LIMITED and 1 other.

How many employees does Aknamed have?

As of Jun 30, 2026, the latest employee count at Aknamed is 196.

Is Aknamed a funded company?

Aknamed is a funded company, having raised a total of $21.8M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 15, 2019.

How much is Aknamed worth?

The last known valuation of Aknamed was $***** as of Sep 14, 2021.

When was the latest funding round of Aknamed?

Aknamed's latest funding was a $***** Venture Debt round on 2025, with participation from 1 investor.

What is the annual revenue of Aknamed?

Annual revenue of Aknamed is between ₹500 Cr and ₹1,000 Cr as on Mar 31, 2025

Where does Aknamed rank among its competitors?

Aknamed ranks 5th amongst 434 active competitors, of which 23 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Conduit Health, which secured $17M in Mar, 2026.

Who are the top competitors of Aknamed?

Aknamed's top competitors include Medikabazaar, Impilo and Drstore Healthcare Services. Among them, Conduit Health secured the most recent funding round in March, 2026.

Aknamed - 2026 Company Profile, Team, Funding, Competitors & Financials

Q: Is Aknamed an acquired company?

Aknamed got acquired by API Holdings on Sep 14, 2021.

Aknamed is an acquired company based in Gurugram (India), founded in 2018 by Mahadevan Narayanamoni, Saurabh Pandey, Mayank Kapoor, Varun Vohra and Shaunak Joshi. It operates as a Cloud and AI based material management software for hospitals. Aknamed has raised $21.8M in funding from investors like LGT Group, Lightrock and Telama Investments, with last known valuation of $*****. The company has 434 active competitors, including 23 funded and 21 that have exited. Its top competitors include companies like Medikabazaar, Impilo and Drstore Healthcare Services.

Company Details

Aknamed provides material management software for hospitals. The product smart buy provides a suite of ML-based tools that analyzes purchase and consumption data to provide data. The products are bar-coded and tracked digitally through their lifecycle like the automated entry of product details, batch numbers, expiry date, and others.

Website: www.aknamed.com
Social
Email ID: *****@aknamed.com
Phone Number: +91 **********
Registered Address: C-101, 1st Floor, Pinnacle Heights, C-Wing, GD Ambekar Road, Near Lodha Venizia, Kalachowki, Mumbai, Mumbai, Maharashtra, India, 400033

Key Metrics

Founded Year

2018

Location

Gurugram, India

Stage

Acquired

Total Funding

$21.8M in 5 rounds

Latest Funding Round

Venture Debt, 2025, $*****

Last Known Valuation

$***** as on Sep 14, 2021

Investors

LGT Group & 20 more

Ranked

5^th among 434 active competitors

Annual Revenue

₹500 - ₹1,000 Cr as on Mar 31, 2025

Employee Count

196 as on Jun 30, 2026

Investment & Acquisitions

Vardhman Health

Similar Companies

Medikabazaar & 614 more

Exit Details

Acquired by API Holdings (Sep 14, 2021)

View Aknamed's full profile

Aknamed is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
AKNA MEDICAL PRIVATE LIMITED CIN: U74999MH2018PTC437764 , India, Active	May 08, 2018	₹500 - ₹1,000 Cr (As on Mar 31, 2025)	80 (As on Jul 01, 2025)
SHREEJI DISTRIBUTORS PHARMA PRIVATE LIMITED CIN: U52310MH2006PTC159945 , India, Active	Feb 22, 2006	₹100 - ₹500 Cr (As on Mar 31, 2025)	129 (As on Oct 31, 2024)

Aknamed got acquired by API Holdings on Sep 14, 2021 at an acquisition amount of $*****.

Click here to take a look at Aknamed's acquisition in detail

Aknamed has raised a total funding of $21.8M over 5 rounds. Its first funding round was on May 15, 2019. Its latest funding round was a Venture Debt round on 2025 for $*****. 1 investor participated in its latest round. Aknamed has 8 institutional investors and 13 angel investors.

Here is the list of recent funding rounds of Aknamed:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2025	7198	Venture Debt	2167	1525	8027	9692
May 04, 2021	9718058	Series A	6605460	5893724	9130498	7969067
Nov 19, 2020	8098026	Series A	8811146	9194449	Lightrock & 1 more	Vrinda Mathur & 4 more

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View details of Aknamed's funding rounds and investors

The founders of Aknamed are Mahadevan Narayanamoni, Saurabh Pandey, Mayank Kapoor, Varun Vohra and Shaunak Joshi. Saurabh Pandey is the CEO of Aknamed.

Here are the details of Aknamed's key team members:

Mahadevan Narayanamoni: Co-Founder & Chairman of Aknamed. They are also an angel investor in 4 startups and serve on the boards of 3 companies.
Contact Info: 2 phone numbers
Saurabh Pandey: Co-Founder & CEO of Aknamed. They are also an angel investor in 6 startups and serve on the boards of 2 companies.
Contact Info: 1 email address and 1 phone number
Mayank Kapoor: Co-Founder of Aknamed. They are also an angel investor in 1 startup and serve on the boards of 3 companies.
Contact Info: 1 phone number
Varun Vohra: Former Co-Founder & CTO of Aknamed and founder of 2 other companies, Vaaree and Genii. They are also an angel investor in 6 startups and serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Shaunak Joshi: Co-Founder of Aknamed.

Aknamed's Board of Directors

Aknamed's board has 4 active members. Mahadevan Narayanamoni, Saurabh Pandey and Mayank Kapoor are part of team and Mohamed Salim Asaria is independent board member.

Here is the list of Aknamed's board of directors:

Name	Type	Representing	Status	Duration
Mahadevan Narayanamoni	Team	-	Current	8y 2m
Saurabh Pandey	Team	-	Current	8y 2m
Mayank Kapoor	Team	-	Current	5y 10m
cueynub	Investor	-	Past	4y 5m
Mohamed Salim Asaria	Independent board member	-	Current	5y 10m
f{vyqgu	Independent board member	-	Past	4y 9m

View details of Aknamed's Founder profiles and Board Members

Aknamed's employee count trend

Aknamed has 196 employees as of Jun 26. Here is Aknamed's employee count trend over the years:

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Top competitors of Aknamed include Medikabazaar, Impilo and Drstore Healthcare Services. Here is the list of Top 10 competitors of Aknamed, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Medikabazaar 2014, Mumbai (India), Series D	Online marketplace for medical supplies, equipment, and devices catering to healthcare providers	$185M	HealthQuad, Rebright Partners & 32 others	64/100
2nd	Impilo 2020, Philadelphia (United States), Series A	Provider of integrated logistics and data solutions for digital health and remote patient monitoring	$11.5M	Construct Capital, One Way Ventures & 4 others	52/100
3rd	Drstore Healthcare Services 2015, Thane (India), Seed	Provider of an online platform for the procurement of diagnostic products	$691K	Equanimity Investments & 6 others	52/100
4th	Helia Care 2016, Scottsdale (United States), Series A	Procurement solutions to strengthen supplier/health system relationships	$3.13M	n Revenue Capital, Serra Ventures & 1 others	51/100
5th	Aknamed 2018, Gurugram (India), Acquired	Cloud and AI based material management software for hospitals	$21.8M	Lightrock India, LGT Group & 19 others	50/100
6th	Conduit Health 2016, New York (United States), Series A	Online marketplace for clinicians and local suppliers	$22M	Drive Capital, XYZ Venture Capital & 2 others	47/100
7th	Bttn 2021, Seattle (United States), Series A	Digital procurement platform for healthcare professionals and buyers	$26.5M	Tiger Global Management, FUSE	45/100
8th	GreenLight Medical 2014, San Francisco (United States), Acquired	End-to-end cloud solution designed to streamline the introduction and evaluation of new medical technology for hospitals and physicians. https://medium.com/@GreenLightMedical …	$1.27M	Jumpstart Foundry, Texas Medical Center	43/100
9th	Valify 2014, Frisco (United States), Acquired	SaaS analytics and benchmarking tool for Purchased Services	$3.48M	Frist Cressey Ventures, Meridian Street Capital ... & 2 others	43/100
10th	BroadJump 2012, Dallas (United States), Unfunded	Healthcare expense management solutions, dynamic sourcing models, and spend intelligence	-	-	43/100

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Founders (largest shareholder) own 50.67%, Funds own 44.97%, Enterprises own 1.01% and Angels own 3.06%. The net worth of Aknamed's founders is INR 247Cr as of May 04, 2021.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	50.67%	247Cr	9526682	2494971	4223623	7967262
Saurabh Pandey	4323485	7682509	4984653	2653170	2258341	5331916
Mayank Kapoor	66313	14488	25151	35845	53744	40175
Varun Vohra	8094	5174	5905	4402	1841	8165
Shaunak Joshi	82	38	36	36	53	17
Fund	44.97%	219Cr	2064637	7286213	4320511	8778767
Telama Investments	0	0	0	0	0	0
Enterprise	1.01%	4.9Cr	1	6	4	2
Angel	3.06%	14.9Cr	516	952	961	832
Hiten Pravin Shah	0	0	0	0	0	0
Other People	0.30%	1.48Cr	0	0	0	0
Total	100.00%	487Cr	8162664	9937645	6284418	2245697