Founder · DocPharma

Shashank Rai

Co-founder & CEO of DocPharma, a healthcare supply chain company based in Bengaluru.

Co-founder · CEOBengaluruHealthcare Supply Chain
Founded
2023
Bengaluru, India
Raised to date
$2.5M
2 rounds on record
Latest round
Pre-Series A
$2M · September 2026
Team
11–50
Fledge Healthplus Private Limited

About

Shashank Rai is Co-founder & CEO of DocPharma, a healthcare supply chain company based in Bengaluru, founded in 2023. DocPharma's most recent disclosed round was a Pre-Series A of $2M in September 2026.

Compiled from StartupFox records · updates as coverage is published

Company

Est. 2023
DocPharma
Healthcare Supply Chain · Bengaluru · 11–50 people · Active

DocPharma is a business-to-business healthcare supply chain platform that lets e-pharmacies, insurers, hospitals, corporate wellness providers, D2C nutraceutical brands and pet care businesses deliver medicines without building their own fulfilment infrastructure. It runs a hybrid network of licensed dark stores and partner pharmacies, routed by a proprietary rule engine, on top of a SaaS layer called DocPharma One covering warehouse management, inventory intelligence, order management and prescription-compliant fulfilment. Founded in early 2023 by Shashank Rai and Saquib Ali, with Sagar Chauh

Funding
September 2026Pre-Series A$2MEquentis (lead), 100Unicorns, Vinners, angel investors
November 2024Seed$0.5M100Unicorns
Company profile →2 rounds on record

Journey with DocPharma

2 milestones
  1. 2023Founded

    Founded by Shashank Rai and Saquib Ali, growing out of pro bono medicine deliveries they had run by WhatsApp for a 1,500-flat housing society during the first COVID lockdown, which was generating about ₹5 lakh a month.

  2. 2025Milestone

    Sagar Chauhan joins as a third co-founder and chief product and technology officer.

Also building DocPharma

SASaquib AliCo-founder · Chief Business Officer→Sagar ChauhanCo-founder · Chief Product & Technology Officer→

Coverage

1 story
Funding · 2 Sept 2026 · 5 min read
DocPharma Raises $2M to Build the Compliant Backend for India's Medicine Delivery Rush

Quick answers

Who is Shashank Rai?

Shashank Rai is a Co-founder & CEO of DocPharma, a healthcare supply chain company based in Bengaluru, founded in 2023.

Who founded DocPharma?

DocPharma's founders and leadership on record at StartupFox are Shashank Rai, Saquib Ali and Sagar Chauhan.

How much funding has DocPharma raised?

DocPharma has raised $2.5M across 2 disclosed rounds on record. The latest was a Pre-Series A of $2M in September 2026, with Equentis (lead), 100Unicorns, Vinners.

Where is DocPharma based?

DocPharma is headquartered in Bengaluru, India.

What has StartupFox reported about Shashank Rai?

StartupFox has published 1 story naming Shashank Rai; the most recent is “DocPharma Raises $2M to Build the Compliant Backend for India's Medicine Delivery Rush”.

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Sources & updates

This profile is compiled by the StartupFox desk from company announcements, regulatory filings and our own reporting. If this is you, you can verify it with LinkedIn and edit it.

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