Pharmarack - About the company
Pharmarack is an acquired company based in Pune (India), founded in 2015 by Kushal Prakash Bhandari, Pradyumn Singh and Amit Backliwal. It operates as a Provider of a SaaS based pharmacy management solution. Pharmarack has raised $6.45M in funding from investors like Unicorn India Ventures, IvyCap Ventures and Currae Healthtech Fund, with last known valuation of $*****. The company has 154 active competitors, including 11 funded and 7 that have exited. Its top competitors include companies like Asepha, CerpassRx and TJMLabs.
Company Details
Provider of a SaaS based pharmacy management solution. It offers an application for order processing and billing solutions to pharmacy retailers and distributors across the value chain of the pharmaceutical Industry. This application integrates with billing software, CRM, marketing software, or any other business support application. The company has developed solutions for pharmacy data analysis, marketing analysis, and other cloud-based financing solutions.
- Website
- pharmarack.com
- Social
- Email ID
- *****@pharmarack.com
- Phone Number
- +91 **********
- Registered Address
- Office No. 301 to 304, 3rd Floor, Pride Portal, Bahiratwadi, Shivajinagar, Bhamburda, Pune, Shivaji Housing Society, Pune, Pune City, Maharashtra, India, 411016
Key Metrics
Founded Year
2015
Location
Pune, India
Stage
Acquired
Total Funding
$6.45M in 7 rounds
Latest Funding Round
Last Known Valuation
$***** as on Apr 01, 2021
Investors
Ranked
2nd among 154 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
398 as on Aug 31, 2025
Investment & Acquisitions
Exit Details
Acquired by DigiHealth (Apr 01, 2021)
Legal entities associated with Pharmarack
Pharmarack is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
PHARMARACK TECHNOLOGIES PRIVATE LIMITED CIN: U72900PN2015PTC156535 , India, Active | Sep 21, 2015 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 398 (As on Aug 01, 2025) |
Pharmarack's acquisition details
Pharmarack got acquired by DigiHealth on Apr 01, 2021 at an acquisition amount of $*****.
Click here to take a look at Pharmarack's acquisition in detail
Sign up to download Pharmarack's company profile
Pharmarack's funding and investors
Pharmarack has raised a total funding of $6.45M over 7 rounds. Its first funding round was on Nov 10, 2015. Its latest funding round was a Series A round on Sep 20, 2019 for $*****. 10 investors participated in its latest round. Pharmarack has 8 institutional investors and 20 angel investors.
Here is the list of recent funding rounds of Pharmarack:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 20, 2019 | 8445414 | Series A | 6057275 | 9509696 | 9938715 | 6948557 |
Feb 23, 2019 | 8466058 | Seed | 6232178 | 8828440 | 5743622 | |
Nov 21, 2018 | 4356506 | Seed | 1733176 | 4880714 |
Access funding benchmarks and valuations. Sign up today!View details of Pharmarack's funding rounds and investors
Pharmarack's founders and board of directors
Founder? Claim ProfileThe founders of Pharmarack are Kushal Prakash Bhandari, Pradyumn Singh and Amit Backliwal. Dhruv Gulati and Alok Joshi are the CEOs of Pharmarack.
Here are the details of Pharmarack's key team members:
- Kushal Prakash Bhandari: Former Co-Founder of Pharmarack. Contact Info: 1 email address
- Pradyumn Singh: Former Co-Founder of Pharmarack and founder of 1 other company. Contact Info: 1 email address
- Amit Backliwal: Former Co-Founder of Pharmarack and founder of 1 other company.
- Alok Joshi: CEO of Pharmarack.
- Dhruv Gulati: CEO of Pharmarack. Contact Info: 1 email address
Pharmarack's Board of Directors
Pharmarack's board has 4 active members. Dhruv Gulati, Saurabh Rameshchandra Mashruwala, Mukund Thakkar and Sreenivasrao Nandigam are independent board members.Here is the list of Pharmarack's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 2y 5m | |
pwshuny | Independent board member | - | Current | 3y 4m |
aywybpb | Independent board member | - | Current | 7y 8m |
smrzvqx | Independent board member | - | Current | 9y 7m |
View details of Pharmarack's Founder profiles and Board Members
Pharmarack's employee count trend
Pharmarack has 398 employees as of Aug 25. The total employee count is 9.0% lower than what it was in Aug 24. Here is Pharmarack's employee count trend over the years:
Uncover Pharmarack's growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Pharmarack's Competitors and alternates
Top competitors of Pharmarack include Asepha, CerpassRx and TJMLabs. Here is the list of Top 10 competitors of Pharmarack, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Developer of artificial intelligence software for pharmacy workflow automation tasks | $4.02M | 56/100 | ||
2nd |  Pharmarack 2015, Pune (India), Acquired | Provider of a SaaS based pharmacy management solution | $6.45M | 55/100 | |
3rd |  CerpassRx 2015, The Colony (United States), Acquired | Digital platform for pharmacies and members for pharmacy benefit management | - | - | 49/100 |
4th |  TJMLabs 2020, Wilmington (United States), Series B | AI‑powered pharmacy automation company | $100M | 49/100 | |
5th |  POC Pharma 2005, Hong Kong (China), Series A | Digital pharmacy management solution | $14.8M | 47/100 | |
6th | Digital network platform that connects healthcare providers with insurers | $1.85M | 44/100 | ||
7th | Developer of digital transformation software for pharmacy management and operations | $196M | 43/100 | ||
8th | Preventive care focused healthcare technology startup | - | - | 41/100 | |
9th | Cloud-based application for pharmacists to record and share medication-related incidents | $8.2M | 40/100 | ||
10th | Provider of cloud-based healthcare management software for hospitals and clinics | $136K | - | 39/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Pharmarack's competitors? Click here to see the top ones
Pharmarack's Latest cap tables and shareholding
Funds (largest shareholder) own 41.92%, Enterprises own 12.15%, Angels own 12.00% and Other People own 33.93%.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Fund | 41.92% | 34.9Cr | 7580536 | 5696939 | 1446270 | 2443576 |
6517115 | 9226822 | 2931929 | 6135873 | 2781411 | 6349964 | |
9495763 | 5556750 | 1194455 | 4965790 | 3309437 | 8193855 | |
Enterprise | 12.15% | 10.1Cr | 3279700 | 3369346 | 9620974 | 6356696 |
Angel | 12.00% | 10Cr | 6190790 | 1600123 | 9824801 | 4168351 |
8 | 4 | 5 | 4 | 8 | 6 | |
7 | 5 | 3 | 6 | 5 | 8 | |
Other People | 33.93% | 28.3Cr | 8931454 | 6398830 | 6062507 | 2798302 |
Total | 100.00% | 83.3Cr | 6754595 | 6910091 | 2191531 | 5201919 |
To unlock detailed Cap Table of Pharmarack Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Pharmarack's Shareholding
Pharmarack's Investments and acquisitions
Pharmarack has acquired DigiHealth. Pharmarack has not made any investments as of now.Reports related to Pharmarack
Here is the latest report on Pharmarack's sector:
News related to Pharmarack
Filter this list•
•
•
Unicorn India Ventures makes investment in edtech firm ForeignAdmitsEnablers•May 10, 2022•Unicorn India Ventures, ForeignAdmits, Sequretek, Pharmarack and 12 others
•
•
IvyCap scores over 100% IRR from quick Pharmarack exitVCCircle•Apr 05, 2021•IvyCap Ventures, Pharmarack
•
Sun Pharma announces acquisition of ownership interest in Pharmarack TechnologiesBusiness Standard•Apr 01, 2021•Pharmarack, Sun Pharma, Zydus Cadila, Lupin and 4 others
•
•
Strategics in fray for IvyCap-backed B2B health-tech startup PharmarackVCCircle•Jan 19, 2021•Pharmarack
•
•
Pharmarack gets $3 million in Series AIndiatimes•Sep 23, 2019•Pharmarack, IvyCap Ventures, Unicorn India Ventures, Currae Healthtech Fund and 1 other
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about Pharmarack
Explore our recently published companies
- Bernierobbins - Unfunded company
- Baronhats - United States based, Unfunded company
- Nivmeh - 2023 founded, Unfunded company
- eldoLED - United States based, 2005 founded, Unfunded company
- Right E-Waste Recycle - Unfunded company
- Connect Info Solutions - Mumbai based, 2012 founded, Unfunded company
