Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
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.

Comment
image
image
image
TAPAS SHIT : 13, Nov 2018 at 10:25 PM
I WANT TO GET A FRANCHISE.
Related opportunities
  • Casual dine Restaurants
    About Us: Handi is a 35 year old restaurant and is..
    Locations looking for expansion Rajasthan
    Establishment year 1993
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Real Estate Sub
    Mini Homes ! Based out of Mumbai , Mini Homes is..
    Locations looking for expansion Maharashtra
    Establishment year 2008
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Car wash / Ceramic Coating / Detailing
    About Us: Across the globe, 3M is inspiring innovation and igniting..
    Locations looking for expansion Delhi
    Establishment year 1950
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Gyms and Fitness Centres
    About Us: Kris Gethin Gyms’ Mission is to Transform India, not..
    Locations looking for expansion Delhi
    Establishment year 2007
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts