When was API Holdings founded?

API Holdings was founded in 2012 and became a unicorn in 2021, reaching the milestone in 9 years. It raised its 1st funding round 8 years after its incorporation.

Where is API Holdings located?

API Holdings is headquartered in Mumbai, India. It is registered at 4th Floor, Plot No. D-37/3, TTC MIDC, Industrial Area, Turbhe, Navi Mumbai, Sanpada, Thane, Thane, Maharashtra, India, 400703.

Which legal entities is API Holdings associated with?

API Holdings is associated with Api Holdings Limited.

How many employees does API Holdings have?

As of Apr 30, 2026, API Holdings has 216 employees, reflecting a 3% year-over-year growth in headcount.

Is API Holdings a funded company?

API Holdings is a funded company, having raised a total of $1.19B across 6 funding rounds to date. The company's 1st funding round was a $74M Series C round, raised on Nov 19, 2020.

How much is API Holdings worth?

The latest valuation of API Holdings is $1.5B as of Apr 29, 2024. This marks a decline of 66% from its peak valuation of $4.31B in Nov, 2020. This marks a decline of 66% from its peak valuation of $4.31B in Nov, 2020.

When was the latest funding round of API Holdings?

API Holdings' latest funding was a $216M Series F round on Apr 29, 2024, with participation from 7 investors. Its primary sector is Healthcare Booking Platforms. In India, the Healthcare Booking Platforms sector has seen $101M in funding in 2026 to date.

What is the annual revenue of API Holdings?

Annual revenue of API Holdings is more than ₹1,000 Cr as on Mar 31, 2025

Is API Holdings a Healthcare Booking Platforms company?

The primary sectors of API Holdings are Healthcare Booking Platforms, Pharmacy IT and Healthcare IT.

Where does API Holdings rank among its competitors?

API Holdings ranks 11th amongst 3899 active competitors, of which 216 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Innovaccer, which secured $179M in Jan, 2025.

Who are the top competitors of API Holdings?

API Holdings' top competitors include Innovaccer, Veeva Systems and Alto. Among them, Innovaccer secured the most recent funding round in January, 2025.

API Holdings - 2026 Company Profile, Team, Funding, Competitors & Financials

API Holdings is a series F company based in Mumbai (India), founded in 2012 by Siddharth Shah, Dhaval Shah, Harsh Parekh, Hardik Dedhia and Dharmil Nirupam Sheth. It operates as a Digital healthcare management tool. API Holdings has raised $1.19B in funding from investors like Temasek, TPG and Naspers, with a current valuation of $1.5B. The company has 3899 active competitors, including 216 funded and 162 that have exited. Its top competitors include companies like Innovaccer, Veeva Systems and Alto.

Sectors and market segments that API Holdings operate in

API Holdings serves in the HealthTech market segments.The primary business model of API Holdings are:

Company Details

Digital healthcare management tool. The company's core offerings include online pharmacy marketplace, tech-enabled hospital supplies procurement, EMR & practice management software for clinics, pharma platforms connecting pharmacies with wholesalers, and diagnostics test provider by volumes.

Website: www.apiholdings.in/
Email ID: *****@apiholdings.in
Phone Number: +91 **********
Registered Address: 4th Floor, Plot No. D-37/3, TTC MIDC, Industrial Area, Turbhe, Navi Mumbai, Sanpada, Thane, Thane, Maharashtra, India, 400703

Key Metrics

Founded Year

2012

Location

Mumbai, India

Stage

Series F

Total Funding

$1.19B in 6 rounds

Latest Funding Round

Series F, Apr 29, 2024, $216M

Post Money Valuation

$1.5B as on Apr 29, 2024

Investors

Temasek & 66 more

Ranked

11^th among 3899 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2025

Employee Count

216 as on Apr 30, 2026

Investment & Acquisitions

Ascent Health & Wellness Solutions & 3 more

Similar Companies

Innovaccer & 5415 more

View API Holdings' full profile

API Holdings is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Api Holdings Limited CIN: U60100MH2019PLC323444 , India, Active	Mar 31, 2019	₹1,000+ Cr (As on Mar 31, 2025)	216 (As on Apr 01, 2026)

API Holdings has raised a total funding of $1.19B over 6 rounds. Its first funding round was on Nov 19, 2020. Its latest funding round was a Series F round on Apr 29, 2024 for $216M. 7 investors participated in its latest round. API Holdings has 48 institutional investors and 19 angel investors.

Here is the list of recent funding rounds of API Holdings:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 29, 2024	$216M	Series F	$1.5B	1.9x	MEMG Family Office	Temasek, Prosus, CDPQ, Goldman Sachs, EvolutionX, WSSS Investments
Nov 07, 2022	Undisclosed	Conventional Debt	-	-	-	EvolutionX
Oct 09, 2021	$227M	Series E	$4.31B	7.0x	sanne	Prasid Uno Family Trust, Orbimed, Steadview, Neuberger Berman, Janus Henderson Investors, Apah, ADQ, Amansa Investments, Sudhir Kumar Singh, Mahender Singh

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View details of API Holdings's funding rounds and investors

The founders of API Holdings are Siddharth Shah, Dhaval Shah, Harsh Parekh, Hardik Dedhia and Dharmil Nirupam Sheth. Rahul Guha is the CEO of API Holdings.

Here are the details of API Holdings' key team members:

Siddharth Shah: Co-Founder of API Holdings and founder of 4 other companies, including Ascent Health & Wellness Solutions, Monethics and PharmEasy. They are also an angel investor in 4 startups.
Contact Info: 1 email address and 1 phone number
Dhaval Shah: Co-Founder of API Holdings and founder of 1 other company. They are also an angel investor in 2 startups and serve on the boards of 2 companies.
Contact Info: 2 email addresses and 1 phone number
Harsh Parekh: Co-Founder of API Holdings and founder of 1 other company. They are also an angel investor in 4 startups and serve on the boards of 2 companies.
Hardik Dedhia: Co-Founder of API Holdings and founder of 2 other companies, Ascent Health & Wellness Solutions and Dialhealth. They are also an angel investor in 4 startups and serve on the board of 1 company.
Contact Info: 3 email addresses
Dharmil Nirupam Sheth: Former Co-Founder of API Holdings and founder of 2 other companies, 91Streets and PharmEasy. They are also an angel investor in 1 startup and serve on the boards of 2 companies.
Contact Info: 3 email addresses and 2 phone numbers

API Holdings' Board of Directors

API Holdings's board has 11 active members. Aditya Puri, Ankur Nand Thadani, Rahul Franklin Guha and Siddharth Shah are part of team and Shyam Powar, Subramaniam Somasundaram, Deepak Calian Vaidya, Ranjan Ramdas Pai, Ravi Rajagopal, Vineeta Rai and Jaydeep Dahyalal Tank are independent board members.

Here is the list of API Holdings' board of directors:

Name	Type	Representing	Status	Duration
Siddharth Shah	Team	-	Past	5y 11m
Rahul Franklin Guha	Team	-	Current	0y 11m
Aditya Puri	Investor	-	Current	5y 3m
Ankur Nand Thadani	Investor	TPG	Past	5y 5m
Shyam Powar	Independent board member	-	Current	2y 3m
Deepak Calian Vaidya	Independent board member	-	Current	5y 3m
Ravi Rajagopal	Independent board member	-	Current	0y 5m
Jaydeep Dahyalal Tank	Independent board member	-	Current	4y 11m
Subramaniam Somasundaram	Independent board member	-	Past	4y 11m
Ranjan Ramdas Pai	Independent board member	-	Past	2y 3m
Vineeta Rai	Independent board member	-	Past	4y 11m

View details of API Holdings's Founder profiles and Board Members

API Holdings' employee count trend

API Holdings has 216 employees as of Apr 26. The total employee count is 3.0% more than what it was in Apr 25. Here is API Holdings's employee count trend over the years:

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Top competitors of API Holdings include Innovaccer, Veeva Systems and Alto. Here is the list of Top 10 competitors of API Holdings, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Innovaccer 2014, San Francisco (United States), Series F	Developer of healthcare data platforms and artificial intelligence agent software	$675M	WestBridge Capital, Mubadala & 36 others	78/100
2nd	Veeva Systems 2007, Pleasanton (United States), Public	Cloud-based administrative data management solution for the healthcare sector	$4M	Emergence Capital, Lead Edge Capital	77/100
3rd	Alto 2015, San Francisco (United States), Acquired	Online pharmacy offering prescription delivery services	$592M	SoftBank Vision Fund, Greenoaks & 38 others	75/100
4th	NimbleRx 2015, Palo Alto (United States), Acquired	Provider of digital pharmacy management software and prescription delivery services	$74.7M	Four Rivers Group, Sequoia Capital & 9 others	75/100
5th	Blink Health 2015, New York City (United States), Series B	Online pharmacy offering discounted prescription drugs	$165M	Princeville Capital, LeFrak & 10 others	75/100
6th	Pharmacy2U 1999, Leeds (United Kingdom), Series C	Online pharmacy and teleconsultation platform	$313M	BGF, G Square & 28 others	74/100
7th	SastaSundar 2011, Kolkata (India), Acquired	Provider of an online marketplace for health care products	$48.2M	Rohto Group, PRP Technologies & 26 others	74/100
8th	DocMorris 2000, Aachen (Germany), Acquired	Online pharmacy providing pharmacy products and healthcare services	$88.3M	Hg, Raakwark Kaptaal & 2 others	74/100
9th	NextGen Healthcare Information Systems 1974, Horsham (United States), Acquired	Cloud-based electronic health record and practice management solutions	-	JPMorgan Chase, US Bank & 3 others	74/100
10th	IKS Health 2006, Navi Mumbai (India), Public	Provider of healthcare technology and services for revenue cycle management and clinical support	$9.35M	Aryaman Jhunjhunwala Discretionary Trust, Ashra Family Trust ... & 59 others	74/100
11th	API Holdings 2012, Mumbai (India), Series F	Digital healthcare management tool	$1.19B	Goldman Sachs, Steadview & 65 others	73/100

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Founders own 4.41%, Funds (largest shareholder) own 71.00%, Enterprises own 10.31% and Angels own 10.60%. The net worth of API Holdings's founders is INR 1,430Cr as of Oct 09, 2021.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	4.41%	1,430Cr	9639	1037	3045	3625
Siddharth Shah	70	59	32	29	80	25
Dharmil Sheth	7	3	8	7	6	5
Dhaval Shah	0	0	0	0	0	0
Fund	71.00%	23,000Cr	1542170	3804122	5967711	6425896
Naspers	5824008	5225459	4788422	1676372	8174358	1723640
Temasek	6686608	1662356	6288997	8657945	6515140	1490844
Prasid Uno Family Trust	9434604	5594773	7510503	4195731	2687952	1741777
TPG	468114	237046	235222	924653	809081	191936
CDPQ	3238	2702	1354	6795	5330	9188
Think Investments	771	573	219	101	204	115
Eight Roads Ventures	22	54	93	57	51	62
Fundamentum	19	35	39	52	18	94
JM Financial Private Equity	1	3	1	1	1	4
Orios Venture Partners	1	5	6	8	3	3
sanne	6	4	6	7	2	6
Orbimed	0	0	0	0	0	0
F-Prime Capital	0	0	0	0	0	0
Kotak Mahindra Bank	0	0	0	0	0	0
Brand Capital	0	0	0	0	0	0
Steadview	0	0	0	0	0	0
Neuberger Berman	0	0	0	0	0	0
Janus Henderson Investors	0	0	0	0	0	0
Apah	0	0	0	0	0	0
ADQ	0	0	0	0	0	0
RISA Partners	0	0	0	0	0	0
Astarc Ventures	0	0	0	0	0	0
Logx Venture Partners	0	0	0	0	0	0
MEMG Family Office	0	0	0	0	0	0
Enterprise	10.31%	3,340Cr	2842609	9030402	6888376	1517455
Angel	10.60%	3,430Cr	9670944	4534757	2748794	1957597
A Velumani	19745	50735	65842	81502	41012	23706
Hardik Dedhia	0	0	0	0	0	0
Harsh Parekh	0	0	0	0	0	0
Siddharth Bharatkumar Bagadia	0	0	0	0	0	0
Mahadevan Narayanamoni	0	0	0	0	0	0
Shobha Agrawal	0	0	0	0	0	0
Sudhir Kumar Singh	0	0	0	0	0	0
Mahender Singh	0	0	0	0	0	0
Kunal Dilip Jhaveri	0	0	0	0	0	0
Other People	0.53%	172Cr	0	0	0	0
ESOP Pool	0.73%	236Cr	0	0	0	0
Other Investors	2.42%	786Cr	75	28	87	14
Total	100.00%	32,400Cr	4606847	1692730	2461459	9318694

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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.

Disclaimer

View more details of API Holdings's Shareholding

API Holdings has made 1 investments in companies including Ascent Health & Wellness Solutions. API Holdings has also acquired 3 companies including Aknamed and Thyrocare.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Mar 27, 2023	Investments	Ascent Health & Wellness Solutions	2012	Mumbai (India)
Sep 14, 2021	Acquisition	Aknamed	2018	Gurugram (India)
Jun 25, 2021	Acquisition	Thyrocare	1996	Mumbai (India)