# AIOCD Pharmasofttech AWACS Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aiocd-pharmasofttech-awacs-pvt

- Industry: Pharmaceuticals
- Headquarters: Chennai, India
- Website: www.aiocdawacs.com
- Total disclosed funding: $0.4M
- Latest round: Seed (Jan 19, 2010)
- Investors on record: 1

## About

AIOCD Pharmasofttech AWACS Pvt. Ltd. specializes in offering advanced web-based solutions for the pharmaceutical industry, facilitating efficient Electronic Data Exchange and Receivable Automation processes for various stakeholders.Founded in 2007 and headquartered in Chennai, India, AIOCD Pharmasofttech AWACS Pvt. Ltd. operates within the pharmaceutical sector, providing services that enhance operational efficiency. The company has successfully completed a total of 2 deals, with its most recent funding round being a Seed round in April 2021, where it raised INR 20.000 mn from Mumbai Angels, bringing the total amount raised to INR 20.000 mn.AIOCD Pharmasofttech AWACS Pvt. Ltd. operates primarily in the pharmaceutical market with a comprehensive web-based platform that facilitates Electronic Data Exchange (EDE) between pharmaceutical companies, wholesalers, and retailers. Its core service, Receivable Automation, simplifies the processes of invoice generation, acceptance, and payment reconciliation, significantly improving operational efficiency. The platform benefits a diverse clientele, including pharmaceutical manufacturers, wholesalers, and retail pharmacies across India, Southeast Asia, and parts of the Middle East by enhancing transactional transparency and operational efficiency.In the most recent year, 2022, AIOCD Pharmasofttech AWACS Pvt. Ltd. reported a revenue of INR 2,684,503.90 and an EBITDA of INR 229,842.10. The revenue model is primarily based on transaction fees from its Electronic Data Exchange services and Receivable Automation platform, supported by a subscription model that allows clients to engage in recurring transactions.The company aims to leverage its recent funding from the Seed round to enhance its platform capabilities and expand its service offerings. Plans for future growth include the introduction of new products designed to further streamline operations for clients in the pharmaceutical sector. Additionally, AIOCD Pharmasofttech AWACS Pvt. Ltd. is targeting expansion into new markets within Southeast Asia and the Middle East by 2023, focusing on increasing its user base and improving service delivery as part of its strategic roadmap.

## Funding rounds

- Seed, Jan 19, 2010, $0.4M — Mumbai Angels

## Investors

- Mumbai Angels (https://capitalatlas.ai/funds/mumbai-angels) — Seed