When was Pharmarack founded?

Pharmarack was founded in 2015 and raised its 1st funding round within a year of its incorporation.

Where is Pharmarack located?

Pharmarack is headquartered in Pune, India. It is registered at Office No. 301 to 304, 3rd Floor, Pride Portal, Bahiratwadi, Shivajinagar, Bhamburda, Pune, Shivaji Housing Society, Pune, Pune City, Maharashtra, India, 411016.

Who is the current CEO of Pharmarack?

Alok Joshi and Dhruv Gulati s of Pharmarack.

Which legal entities is Pharmarack associated with?

Pharmarack is associated with PHARMARACK TECHNOLOGIES PRIVATE LIMITED.

How many employees does Pharmarack have?

As of Aug 31, 2025, Pharmarack has 398 employees, reflecting a 9% year-over-year decline in headcount.

Is Pharmarack a funded company?

Pharmarack is a funded company, having raised a total of $6.45M across 7 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 10, 2015.

How much is Pharmarack worth?

The last known valuation of Pharmarack was $***** as of Apr 01, 2021.

When was the latest funding round of Pharmarack?

Pharmarack's latest funding was a $***** Series A round on Sep 20, 2019, with participation from 10 investors. Its primary sector is Pharmacy IT. Globally, the Pharmacy IT sector has seen $156M in funding in 2026 to date.

What is the annual revenue of Pharmarack?

Annual revenue of Pharmarack is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does Pharmarack rank among its competitors?

Pharmarack ranks 1st amongst 190 active competitors, of which 11 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was TJMLabs, which secured $75M in Jul, 2026.

Who are the top competitors of Pharmarack?

Pharmarack's top competitors include TJMLabs, CerpassRx and POC Pharma. Among them, TJMLabs secured the most recent funding round in July, 2026.

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

Q: Is Pharmarack an acquired company?

Pharmarack got acquired by DigiHealth on Apr 01, 2021.

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 190 active competitors, including 11 funded and 7 that have exited. Its top competitors include companies like TJMLabs, CerpassRx and POC Pharma.

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

Series A, Sep 20, 2019, $*****

Last Known Valuation

$***** as on Apr 01, 2021

Investors

Unicorn India Ventures & 28 more

Ranked

1^st among 190 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

398 as on Aug 31, 2025

Investment & Acquisitions

DigiHealth

Similar Companies

TJMLabs & 191 more

Exit Details

Acquired by DigiHealth (Apr 01, 2021)

View Pharmarack's full profile

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 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

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 9 institutional investors and 20 angel investors.

Here is the list of recent funding rounds of Pharmarack:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 20, 2019	8156236	Series A	9634643	5251267	8828870	5565221
Feb 23, 2019	4801845	Seed	2373477	9155308	9563911	Richa Chawla & 8 more
Nov 21, 2018	2611491	Seed	8305530	6141639	Unicorn India Ventures	Skites Pharma & 2 more

Access funding benchmarks and valuations. Sign up today!

View details of Pharmarack's funding rounds and investors

The 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 Anand Thakkar and Sreenivasrao Nandigam are independent board members.

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

Name	Type	Representing	Status	Duration
Dhruv Gulati	Independent board member	-	Current	2y 6m
kevmuny	Independent board member	-	Current	2y 9m
wuxkmjt	Independent board member	-	Current	7y 2m
pupisai	Independent board member	-	Current	3y 1m

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

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Pharmarack include TJMLabs, CerpassRx and POC Pharma. Here is the list of Top 10 competitors of Pharmarack, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Pharmarack 2015, Pune (India), Acquired	Provider of a SaaS based pharmacy management solution	$6.45M	Unicorn India Ventures, Zydus Life & 27 others	55/100
2nd	TJMLabs 2020, Wilmington (United States), Series B	AI‑powered pharmacy automation company	$100M	Elephant Venture Capital, Updata & 1 others	49/100
3rd	CerpassRx 2015, The Colony (United States), Acquired	Digital platform for pharmacies and members for pharmacy benefit management	-	-	48/100
4th	POC Pharma 2005, Hong Kong (China), Series A	Digital pharmacy management solution	$14.8M	Alven, Picus Capital & 6 others	47/100
5th	CPS Solutions 1971, Dublin (United States), Funding Raised	Provider of pharmacy management, telepharmacy, and specialty pharmacy software solutions	-	Frazier Healthcare Partners, NexPhase Capital	47/100
6th	Asepha 2023, Toronto (Canada), Seed	Developer of artificial intelligence software for pharmacy workflow automation tasks	$4.02M	Glasswing Ventures, Core Innovation Capital ... & 6 others	44/100
7th	MedPay 2020, Bengaluru (India), Seed	Digital network platform that connects healthcare providers with insurers	$1.85M	Entrepreneurs First, Merak Ventures & 5 others	44/100
8th	Kakehashi 2016, Tokyo (Japan), Series D	Developer of digital transformation software for pharmacy management and operations	$196M	Goldman Sachs, ITOCHU & 24 others	43/100
9th	HaleMind 2015, Hyderabad (India), Unfunded	Preventive care focused healthcare technology startup	-	-	41/100
10th	Pharmapod 2011, Dublin (Ireland), Series B	Cloud-based application for pharmacists to record and share medication-related incidents	$8.2M	NDRC, Enterprise Ireland & 2 others	40/100

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

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	8796270	3877289	4025823	7638011
IvyCap Ventures	2404522	2066191	6314563	1064893	4377109	8385262
Unicorn India Ventures	1814405	9779859	9899035	3319369	7702846	2563582
Enterprise	12.15%	10.1Cr	5096427	7985138	6127618	8566791
Angel	12.00%	10Cr	1050510	4455163	2731198	2851146
Bijay V Singh	1	4	5	4	3	7
Richa Chawla	2	3	8	8	2	2
Other People	33.93%	28.3Cr	3399634	1835876	3880943	4072509
Total	100.00%	83.3Cr	9984654	3492817	7431949	9918834