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Pharmarack was founded in 2015 by Pradyumn Singh, Kushal Bhandari, and Bhavik Parmar. Amit Backliwal joined in as a cofounder in 2018. Pharmarack is India's Largest Integrated Healthcare Platform. Almost 8% of the India Pharma Market (relevant market) trades on its real-time trading platform. Pharmarack offers a plug-and-play platform for pharma manufacturers, distributors, and retailers to automate order-taking, purchases, schemes, real-time offers and provides real-time visibility into operational information like inventory in the warehouse, outstanding payments, and credit, among others.
In September 2019, the startup raised $4 million in Series-A round from IvyCap Ventures and Singapore-based Investors. The healthcare startup had raised earlier raised $1.5 million funding from Unicorn Ventures India Pre-Series A funding from Patni Group’s Currae Healthtech fund in September 2016.