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Healthcare startup 2015-10-01

Netmeds.com ties with India Post; to open warehouse in Kolkata

Pharma aggregator start-up Netmeds.com is promoted by Dadha Pharmaceuticals and investment bank Mape Advisory; aiming a business of Rs 4,000- Rs 4,500 crore over the next 5 years.

Netmeds.com ties with India Post; to open warehouse in Kolkata

Pharma aggregator start-up Netmeds.com has joined hands with India Post as logistics partner for pan India delivery of medicines.

"We have tied up with India Post to ensure delivery of quality medicine to each pin code," Pradeep Dadha, Founder and CEO, Netmeds.

He further informed that the company was focusing at tier II and III cities expansion, where, availability of genuine quality medicine was a major concern.

"Currently, we are servicing from our Chennai warehouse and to improve on logistics in the eastern and northern states, we are planning to setup a warehouse in this region that will help us bring down the delivery time," added Dadha.

He said, at a time when everyone was focusing at metros, Netmeds is concentrating on chronic medicine segment, which was almost 50 per cent of the total Rs 90,000 crore market.

The three month old start-up, promoted by Dadha Pharmaceuticals and investment bank Mape Advisory, was aiming a business of Rs 4,000-4,500 crore over the next five years.

The company also have an app and boosts 50,000 SKUs, but would not take on discounting model to boost top line.

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