Corporate Updates

Healthtech platform Pharmarack raises $3 million in a Series A funding


Pharmarack, a Pune-based startup has raised $3 million as part of Series A funding round led by IvyCap Ventures

The healthtech platform also counts Unicorn India Ventures and Patni Group’s Currae Healthtech Fund among its investors.

Founded in 2016, the startup offers a plug-and-play platform for pharma manufacturers, distributors, and retailers that automates order-taking and provides real-time visibility into operational information like inventory in the warehouse, outstanding payments, and credit, among others.

“Improving access to quality healthcare products by making them 100% available and at the right prices to the right pharmacies is a critical mission for us at Pharmarack. The next 18-24 months are very exciting for us as we scale our offerings and footprint across the country,” Amit Backliwal, co-founder and CEO, was quoted as saying by ET.

The healthtech platform plans to leverage the funding to expand its network and broaden its product offerings in the healthcare sector.

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