PulseTech

What PulseTech does

PulseTech is a Bangladesh-based healthtech company that operates a licensed digital pharmaceutical distribution and pharmacy services platform. The company sources medicines directly from pharmaceutical companies, stocks them in warehouses, and distributes them to retail pharmacies through a licensed last-mile delivery network under its MedBox brand, offering 24/7 app-based ordering with same-day delivery. On top of this distribution layer, PulseTech sells MediPOS, a pharmacy management software that digitizes inventory, purchasing, sales, and workflow management, and operates ONE Pharmacy, a franchise model rolling up independent mom-and-pop pharmacies under a unified brand with standardized sourcing, working capital, and coordinated marketing. An embedded financing product layers working-capital credit on top of the platform using real-time transaction and inventory data routed through partner financial institutions.

The platform is anchored by a regulatory advantage as Bangladesh's #1 licensed digital pharmaceutical distributor, serving 14,000+ retail pharmacies from a fragmented market of more than 250,000 independent pharmacies serving 180 million people across a $6 billion pharma market. Revenue is generated through transaction margins on MedBox distribution, recurring SaaS subscriptions for MediPOS, franchise fees and coordinated transactions through ONE Pharmacy, and financial-institution referral economics from embedded financing. The company is venture-backed, having raised approximately $3.2 million+ including a $3M Pre-Series A in December 2025 co-led by Iterative and AVV.

PulseTech's go-to-market is sales-led and B2B, targeting independent retail pharmacies and pharmaceutical companies through direct field sales supported by app-based ordering, while using earned media coverage and investor networks for awareness. The company maintains operations in Dhaka, Bangladesh and Singapore, with plans for South and Southeast Asian expansion, and is led by co-founders Kazi Ashikur Rasul (CEO) and Arefeen Raafi Ahmed (MD), supported by a senior team drawn from GP, Daraz, ShopUp, Sheba.xyz, foodpanda, Bain, and EY.

Name

PulseTech

Legal name

PulseTech Limited

Website

https://pulsetechltd.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

PulseTech operates a licensed digital pharmaceutical distribution and franchise platform serving 14,000+ retail pharmacies in Bangladesh via MedBox distribution, MediPOS software, ONE Pharmacy franchise, and embedded financing.

Ownership category

akta.pro rank

Product category

Pharmaceutical Distribution

NAICS

Drugs and Druggists' Sundries Merchant Wholesalers (424210)

SIC

Wholesale-Drugs, Proprietaries & Druggists' Sundries (5122)

akta.pro primary industry

Hospital & Health-System Pharmaceutical Distributors (HLAIAJAD)

akta.pro secondary industry

Pharmacy & Health Essentials Delivery (CRAFAFAI)

Keywords

• Pharmaceutical distribution
• Pharmacy management software
• B2B pharmacy platform
• Pharma supply chain
• Embedded fintech financing

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Pharmaceutical Distribution: Revenue generated through MedBox distribution platform by taking a transaction fee or margin on pharmaceutical products distributed from pharma companies to retail pharmacies through the licensed last-mile network.
2. Pharmacy SaaS (MediPOS): MediPOS pharmacy management software likely operates on a subscription basis, helping pharmacies digitize inventory, purchasing, sales, and workflow management.
3. Franchise Operations: ONE Pharmacy franchise model generates revenue through franchise fees and coordinated transactions across the pharmacy network.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

PulseTech operates Bangladesh's #1 licensed digital pharmaceutical distribution network (MedBox), sourcing medicines directly from pharmaceutical companies and delivering to over 14,000+ retail pharmacies through 24/7 app-based ordering and same-day licensed last-mile delivery. The company layers on MediPOS pharmacy management SaaS, the ONE Pharmacy franchise roll-up model, and embedded financing to give mom-and-pop pharmacies a unified B2B commerce platform with authentic sourcing, digitized operations, and working capital access.

Product overview

PulseTech operates as an integrated B2B commerce platform serving Bangladesh's pharmaceutical supply chain. The core offering consists of MedBox (pharmaceutical distribution network with app-based ordering and same-day delivery), ONE Pharmacy (retail franchise model unifying independent pharmacies), and MediPOS (pharmacy management software for inventory and sales). The platform is augmented by embedded financing services that leverage transaction data to provide working capital through partner financial institutions. PulseTech also offers a white label brand, Safe Care, for healthcare products like pregnancy test kits. These products work together to digitize the pharmaceutical supply chain from pharma companies to retail pharmacies, addressing counterfeit medicine challenges while improving operational efficiency.

Differentiator

Problem solved

Functional benefit

Brands

• MedBox: Digital pharmaceutical distribution network enabling 24/7 app-based ordering and same-day delivery of authentic medicines to pharmacies.
• ONE Pharmacy
• MediPOS
• SafeCare

Products and services

• MedBox

Quantifiable outcome

• Expanded operations by more than 15 times over the past year
• +4 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered minor.

• BASIS (Bangladesh Association of Software and Information Services)minorOthers
• e-Cab (e-Commerce Association of Bangladesh)minorOthers
• DCCI (Dhaka Chamber of Commerce & Industry)minorOthers

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• mPharma: mPharma is a Ghana-headquartered B2B pharmaceutical distribution and inventory-financing platform serving retail pharmacies across multiple African countries. Closest comparable to PulseTech by model: tech-enabled B2B pharma distribution to mom-and-pop pharmacies in an emerging market.
• Tata 1mg: Tata 1mg is a leading Indian online pharmacy and digital health platform offering medicine delivery, e-consultation, and pharmacy SaaS capabilities. Comparable integrated pharma-and-healthtech stack to PulseTech, though primarily B2C-focused versus PulseTech's B2B distribution model.
• PharmEasy: PharmEasy is India's largest online pharmacy and B2B pharmaceutical distribution platform, combining medicine delivery, diagnostics, and telehealth. Comparable to PulseTech's integrated pharma stack — distribution plus digital tools for pharmacies — though operating at significantly larger scale.
• Arogga: Arogga is a Bangladeshi online pharmacy and digital health platform operating in the same domestic market as PulseTech. While more B2C-focused, it represents a direct competitive peer within Bangladesh's evolving pharma digital commerce space.
• Netmeds: Netmeds is an Indian online pharmacy (acquired by PharmEasy) offering prescription medicine delivery and chronic disease management. Comparable pharmacy-focused digital commerce model in a similar emerging market context.
• MedAdvisor: MedAdvisor is an Australia-listed pharmacy SaaS and patient engagement platform helping independent pharmacies digitize operations, similar to PulseTech's MediPOS offering. Most direct comparable for the pharmacy-management software component of PulseTech's stack.
• Pharmarack: Pharmarack is an India-based B2B pharmaceutical distribution technology platform connecting pharmaceutical companies to retail chemists via a SaaS-enabled supply chain. Most direct analogue to PulseTech's MedBox distribution model in a more mature market.

Broad incumbents

• Apollo Pharmacy: Apollo Pharmacy is India's largest organized pharmacy retail chain (part of Apollo Hospitals) with thousands of outlets and growing digital offerings. Comparable to the franchise/retail consolidation playbook PulseTech pursues via ONE Pharmacy, though as a much larger established player.
• MedPlus: MedPlus is India's second-largest organized pharmacy retail chain with 4,000+ stores and integrated technology infrastructure. Comparable to PulseTech's ONE Pharmacy franchise roll-up ambition, but as a significantly larger established incumbent.
• JD Health: JD Health is a major Chinese pharmaceutical e-commerce and healthcare services platform affiliated with JD.com. Comparable as a large-scale integrated pharma distribution and healthcare services platform, demonstrating the upside of full-stack pharma digital commerce at scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pulse-tech-ltd
• Facebookfacebook.com/PulseTechBD

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds3 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PulseTech