MR SIDDHARTH SHAH (PGP 2012)

The Economic Times 40 Under Forty (2020)

Co-Founder & CEO, Ascent Health & PharmEasy

Siddharth Shah is leading the best digital healthcare platform in the country by transforming the pharmaceutical supply chain through an online pharmacy and promoting digitization in healthcare. Together, Ascent & PharmEasy (now merged as API Holdings) form the Largest Digital Healthcare Platform in India connecting Patients – Practitioners – Pharmacies. It is now the 3rd largest buyer of medicines in India – accounting for 3% of all medicines sold in India. Siddharth has raised ~1,500 Crores (USD 210 Mn) from leading investors across the world including Canadian Pension Fund -CDPQ, Bessemer Venture Partners, F-Prime, Eight Roads, Think Investments and Leading Indian Investors and delivered returns ranging from 40% to 85% IRR to his investors. Ascent Health & Retail.IO connects 500 Pharma Companies through 1,200 Pharma Distributors with 45,000 Retailers in 35 Cities of India. PharmEasy is India’s leading E-Pharmacy, with over 5 Million App Downloads and over 700,000 fulfilled orders every month. Within the PharmEasy ecosystem, Siddharth has developed a tele-consultation platform (DocStat) and practice management and digital clinic solution (DocOn).