The Indian pharmaceuticals market is relied upon
to grow to US 55 billion by 2020. But wait, would you say you are certain the
medicine you are buying is genuine?
That’s only one of the issues online medicine
delivery startups are trying to tackle. Nearly 25% of all medications in the
Indian market are said to be fake. Often individuals buy counterfeit or
substandard products since they don’t have a clue about any better or because
they are less expensive and more easily accessible.
The problem is so acute that nowadays doctors
regularly caution patients about counterfeit drugs and propose they buy them
from branded outlets. But imagine a scenario where your neighborhood does not
have a branded pharmacy.
Likewise, patients are frequently unable to
discover all the prescribed drugs at one shop and need to go jumping from one
drug store to another. A profoundly disorganized market likewise implies the
price can differ from place to place.
It is these drawbacks – in addition, obviously,
the sheer convenience of online buying – that have brought about a wide range
of prescription delivery startups coming up in India. Netmeds, BookMeds,1mg,
mChemist, Pluss, Pharmeasy, CareonGo, Dawailelo, MyMedisyn, and Mera Medicare
are a couple of names in the space.
Here we put light on how four startups are
endeavoring to plug the offline and online loopholes in the medical delivery
space.
Netmeds
Chennai-based Netmeds was established in
2010 by Pradeep Dadha. It is part of the Dadha & Company, which has been in
the pharmacy retail business for more than 100 years. This online startup sells
both prescription and non-prescription drugs. The firm likewise puts out the
cost of medicines and the manufacturer to give a more clear picture to the end
customers. It has in total received funding of $64 million.
1MG
Gurugram-based 1MG was established in 2012
by Gaurav Agarwal, Vikas Chauhan, and
Prashant Tandon. This Sequoia-sponsored startup takes into account to
prescription medicine in Delhi-NCR, Indore, Ahmedabad, Bhopal, and all major
cities in Karnataka, Tamil Nadu,
Telangana, Rajasthan, West Bengal, and Uttar Pradesh. The non-prescription meds
are delivered pan-India. The startup likewise accommodates a wide range of
healthcare services which incorporate doctors’ appointment, Ayurveda
products, homeopathic medicines, and
diagnostic services.
PharmEasy
Established in 2015 by Dhaval Shah, and
Dharmil Sheth Mumbai-based PharmEasy is a pharma aggregator, which connects
patients with a nearby drug store and diagnostic centers. Its administrations
are accessible crosswise over 700 cities and offer a wide range of products
across the non-prescription and prescription category. The startup additionally
has an arrangement for return policy on medications. This startup has gotten
funding of $53 million from Manipal Group and Bessemer Ventures.
EasyMedico
This Indore-based startup was established
in 2014 by Vinay Chhajlani and Alok Bachhawat. It pursues an inventory-led
model and has an additional 10 online stores in presence. When the user uploads
a prescription, the pharmacist prepares a cart and the user gets a call for
approval. When the user confirms the quantity and amount, she can check out.
The company additionally gives services in child care, orthopedic, Ayurveda,
personal care products, etc.
If you’re too thinking of starting up an online pharmacy store and application, then
reach out to EMedStore. We have more
than 6+ years of experience in
developing the epharmacy store and help clients to grow with 30% more hike
compare to their previous business by giving a mobile app and incorporated cutting-edge
solutions to engage pharmacy store’s customer.
Get in touch with our experts for a free assessment
and get your online pharmacy website developed
from an award-winning company to accelerate your business.
To Make Your Pharmacy Online Contact
Us: +91 720 209
7862 Email ID: info@emedstore.in
|
Website : https://www.emedstore.in/