Chennai based NetMeds is an online pharmacy founded by Pradeep Dadha and Bruce Schwack in 2015. It facilitates online ordering for customers and mail delivery of prescription and non-prescription medications.
Amidst controversies over the online sale of drugs, Netmeds has quickly established itself as a reliable trustworthy source, snagging the NDTV Unicorn Startup Award for being one among India’s most “path-breaking and disruptive start-up” companies in 2016.
Valued at $120.61K, is is one of the most-funded online pharmacies. Netmed has recently Delhi-based drugs delivery app Pluss which was also launched in 2015. This helps them to expand in northern Indian, better competing with rivals such as 1mg, while scaling quicker and shortening delivery interval and improving efficiency. This acquisition has spiked Netmed´s total employee headcount to 450.
Netmeds has tied up with two online doctor booking consultation sites, Lybrate Inc. and Doctor Insta Pvt. Ltd, and India Post as its logistics partner for delivery.
It operates on a marketplace model where the license and inventory is held by one of the vendors. After receiving a scanned copy of the prescription, it sells the medicinal drugs and nutritional products by liasoning with wholesalers and retailers on a commission basis. Customers can choose from a flexible range of payment options including credit/debit card, Net banking, Cash on Delivery (COD) and Netmeds e-Wallet
Netmeds has an edge over its competitors like Aermed, CareonGo and eSwasthya, MedPlus, Guardian Lifecare, Practo, 1mg etc . From the parent company of Pradeep Dadha & Company, Nedmeds continues a legacy of trust, reliability and success of 100 years in the pharmaceutical industry. It is a one-stop shop not just for a variety of medicinal drugs but also houses a wide choice of wellness products, vitamins, diet and fibre supplements, pain relievers, diabetic care kits, baby and mother care products, herbal products, beauty care products and surgical supplies. Also apart from being a convenient online store for medicines, it has regular refill reminders for its customers so that they are reminded that their health is always the company´s concern.
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