Last updated: Aug, 2017
Netmed.com (India ki pharmacy), is an online portal for medicines where one can upload the prescription, order medicines, and get them delivered at the doorstep. The company came into being in 2015 and since then it is trying to make all the modern medicines available and affordable for all with a hybrid inventory/marketplace model. Netmed.com takes full responsibility for every order from receiving and venting prescriptions, to taking payments and then finally sourcing the products. The company is partner with Third Party Logistic (3PL) which handles the delivery part of the process.
Netmeds.com has a customer base of nearly one million people. And have delivered to more than 800 cities, towns and villages in more than 12,000 pin codes. The company is funded by Orbimeds, one off the world’s largest healthcare focused investment firm with approximately US$ 15 billion in asset under management. According to a study conducted by FICCI, online pharma could touchRs 20,000 crore (US$ 2.90 billion) by 2020 and Netmeds.com intents to have a share of that.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.