Apollo Healthco Valuation, Funding & Investors

Apollo Healthco is valued at $2.7B as of April 2024.

Last Apollo Healthco valuation

$2.7B

Undisclosed stage · Apr 2024

Last Apollo Healthco funding round

$297M

Undisclosed stage · Apr 2024

Cumulative funding Apollo Healthco raised

$297M

across 1 funding round

Key investors in Apollo Healthco

  • Advent International

Apollo Healthco Overview

About Apollo Healthco

Apollo HealthCo, operating as Apollo 24/7, is a digital healthcare platform and subsidiary of India's Apollo Hospitals Enterprise. It offers doctor consultations, medicine home delivery, diagnostics, chronic-condition management, and insurance, reaching more than 33 million users since its February 2020 launch. Through its Keimed wholesale pharmaceutical distribution arm, the platform also supplies pharmacies across more than 1,100 cities in 27 Indian states.


Founded

2021

HQ

IndiaIndia

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$2.7B (Apr 2024)

Apollo Healthco Valuation

Apollo Healthco is currently valued at $2.7B, based on its undisclosed-stage round in April 2024.

The $297M round was led by Advent International.

Apollo Healthco valuation by funding round

Apollo Healthco valuation by funding round
DateStageValuation
Apr 2024Undisclosed stage$2.7B

Apollo Healthco Funding History

Apollo Healthco has raised a total of $297M across 1 funding round.

Apollo Healthco funding rounds

Apollo Healthco funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2024Undisclosed stageAdvent International (lead)$297M$2.7BApollo HealthCo Limited (AHL), operating as Apollo 24/7, is a digital healthcare platform and subsidiary of Apollo Hospitals Enterprise Limited, offering services like doctor consultations, medicine home delivery, diagnostics, chronic condition management, and insurance. It has reached over 33 million users since launching in February 2020 and caters to pharmacies across 1,100 cities in 27 states through its backend distribution. On April 26, 2024, Apollo HealthCo entered a binding agreement with Advent International to raise INR 2,475 crore (about USD 296-300 million) via compulsory convertible instruments in two tranches, enabling integration of Keimed Private Limited, its wholesale pharma distributor arm, over 24-30 months. Advent acquires a 12.1% stake in the combined entity, with Apollo HealthCo valued at an enterprise value of INR 14,478 crore and Keimed at INR 8,003 crore, for a total enterprise value of INR 22,481 crore. The transaction values Apollo HealthCo's digital business separately from Keimed prior to full merger. Apollo Hospitals Managing Director Suneeta Reddy highlighted the recognition of Apollo 24/7's value and potential, with the supply chain integration seen as key to scaling. Advent India leaders Shweta Jalan and Pankaj Patwari emphasized partnering to build India's largest omnichannel health-tech platform. Apollo projects the combined entity to achieve INR 25,000 crore revenue in three years with 7-8% EBITDA margins. The deal later finalized in September 2024 with Rasmeli Ltd (Advent affiliate) selling Apollo Hospitals a 16.9% stake for INR 2,475 crore, diluting ownership from 94.91% to 78.88%.

Who has invested in Apollo Healthco?

1 investor has backed Apollo Healthco across its funding rounds, including Advent International.

Lead investors include Advent International.


Apollo Healthco Investors

Investors in Apollo Healthco by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by Apollo Healthco

Apollo Healthco has acquired 1 company to date.

Last acquisition by Apollo Healthco was on December 24th 2024. Apollo Healthco acquired Searchlight (health software unit) for $8M.


Latest Acquisitions by Apollo Healthco

Searchlight (health software unit)
Description
-
HQ CountryIndia
HQ City
-
Deal Date24 Dec 2024
Valuation$8M
EV/Revenue
EV/EBITDA

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Apollo Healthco Competitors

Apollo Healthco competitors include listed companies like GoodRx and Ping An Healthcare, and private ones like Suno, Grow Therapy, Headway and Transcarent.

Public and private companies comparable to Apollo Healthco
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
GoodRxUnited StatesUnited StatesPublicly listed$797M$173M$1.2B1.8x
SunoUnited StatesNew York City, NYPrivate$200M-$2.5B12.3x
Grow TherapyUnited StatesNew York City, NYPrivate$1B-$3B-
HeadwayUnited StatesNew York City, NYPrivate--$2.3B-
TranscarentUnited StatesSan Francisco, CAPrivate$50M-$2.2B44.0x
Ping An HealthcareChinaChinaPublicly listed$815M$52M$1.6B0.9x

Apollo Healthco Public Comps

Apollo Healthco is still privately-owned, but its public comps include Clicks Group, Bufab, Sundrug, United Natural Foods, Daetwyler, Resideo, DXP Enterprises, Kanematsu, Dnow and Kusuri No Aoki.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Clicks Group$2.9B$403M1.0x0.9x7.2x6.9x
Bufab$823M$132M3.7x3.4x23.0x19.9x
Sundrug$5.4B$416M0.5x0.5x6.5x6.3x
United Natural Foods$31B$523M0.2x0.2x11.1x8.2x
Daetwyler$1.3B$241M2.3x2.2x13.1x11.2x
Resideo$7.5B($127M)0.9x1.2x(50.1x)8.1x
DXP Enterprises$2B$215M1.8x1.6x16.4x13.9x
Kanematsu$6.9B$436M0.5x0.5x8.0x-

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Common questions about Apollo Healthco

When was Apollo Healthco founded?Apollo Healthco was founded in 2021.
Where is Apollo Healthco headquartered?Apollo Healthco is headquartered in India.
Is Apollo Healthco publicly listed?No, Apollo Healthco is a private, VC-backed company.
What is Apollo Healthco's valuation?Apollo Healthco was last valued at $2.7B in its undisclosed-stage round in April 2024.
How much funding has Apollo Healthco raised?Apollo Healthco has raised $297M across 1 funding round.
What was Apollo Healthco's last funding round?Apollo Healthco's last funding round was a $297M undisclosed-stage round in April 2024, led by Advent International.
Who are Apollo Healthco's investors?Apollo Healthco's investors include Advent International.
Which companies are comparable to Apollo Healthco?Companies comparable to Apollo Healthco include GoodRx, Suno, Grow Therapy, Headway, Transcarent and Ping An Healthcare.
How many companies has Apollo Healthco acquired?Apollo Healthco has acquired 1 company, including Searchlight (health software unit).
What was the largest acquisition by Apollo Healthco?The $8M acquisition of Searchlight (health software unit) in December 2024 is the largest acquisition Apollo Healthco has made to date.

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