MEDSTM PRIVATE LIMITED
Investment Size INR 30 Lac - 50 Lac
Franchise Outlets Less than 10
MEDSTM Pvt Ltd is both offline and online platform for pharmacies that will provide all kinds of medicines with delivery in all over India. We will start services like ICU and critical care at home, Diagnostic services, Home care services, and Online Doctor consultations. It is expanding franchisees that deliver medicines in one hour.
MEDSTM will be Indias largest digital healthcare platform. It will be one of the fastest-growing and most trusted healthcare brands in India. Its making a strong team with AI which will serve premium quality healthcare services in India and starting from major metropolitan cities.
MEDSTM Platform is like a one-stop solution for healthcare needs. It provides General Medicine with OTC FMCG products, Online consultations, medical tourism facilities, healthcare products, booking of doctors, lab testing, healthcare services at home.
Business Models depending on the city, the inventory would be provided. It could be worth Rs 15 lakh for medicines and Rs 15 lakh for a Diagnostic lab . The franchisee cost would be a non-refundable amount of Rs 6 lakh.This model has a store set up cost of about Rs 3 lakhs that includes desktop, ERP software, and front display of the store. B. pharma/ D pharma salesperson is appointed on brand payroll where half payment is done by the franchisee. The brand will appoint two local marketing interns to boost sales in the respective area supported by a local digital marketing team to retarget the audiences in the respective area. The portal will be provided where the patient could connect to Indian and foreign doctors. Lab testing booking facility provided at each franchise store.
Every franchise store has a health manager provided by the company who helps the patient get in touch with the doctor over the portal if required. He further helps with laboratory suggestions if any tests are needed to be done. The patient gets the reports quickly and further analysis can also be done online.
All the franchisees will be provided with digital marketing support. There will be only one store within a radius of 20 km.The ROI is expected to be 100% within a year.
The company is looking forward to a commitment from the franchise partners. This is an opportunity to have sales of more than Rs 4 crores per annum through various parameters on medicine delivery, lab testing, and doctors' consultation.