‘AKNAMED’, initially founded by Saurabh Pandey and Mahadevan Narayanmoni in 2018, a cloud-based hospital supply chain management start-up based in Bengaluru, India has recently been bought by online pharmacy Pharmeasy in a deal worth $180-190 million. Aknamed has done well in the recent past showing it’s monthly income growing at a rate of 10 times by the end of the previous financial year. Aknamed offers procurement solutions to more than 1200 hospitals and its clients include Columbia Asia, Narayan Health and Manipal Clinics. In May 2021, Vardhman Health was acquired by Aknamed in a $35 million deal.
SOURCE: THE ECONOMIC TIMES