"We have tied up with India Post to ensure delivery of quality medicine to each pincode," Netmeds founder and CEO Pradeep Dadha said.
Pharma aggregator startup Netmeds.com has tied up 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 pincode," Netmeds founder and CEO Pradeep Dadha said.
He said the company was focusing at tier-II and tier-III cities where availability of genuine quality medicine was a 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 bring down the delivery time," Dadha said.
He said at a time when everyone was focusing at metros, they were trying to concentrate on chronic medicine segment, which was almost 50 percent of the total Rs 90,000 crore market.
The three month old startup, 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 has an app and boosts 50,000 SKUs, but would not take on discounting model to boost topline.
Sep 30, 2015 | Source: PTI
Courtesy: http://www.moneycontrol.com/news/business/netmedscom-tiesindia-post-plans-warehouseeast_3345941.html
"We have tied up with India Post to ensure delivery of quality medicine to each pincode," Netmeds founder and CEO Pradeep Dadha said.
He said the company was focusing at tier-II and tier-III cities where availability of genuine quality medicine was a 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 bring down the delivery time," Dadha said.
He said at a time when everyone was focusing at metros, they were trying to concentrate on chronic medicine segment, which was almost 50 percent of the total Rs 90,000 crore market.
The three month old startup, 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 has an app and boosts 50,000 SKUs, but would not take on discounting model to boost topline.
Sep 30, 2015 | Source: PTI
Courtesy: http://www.moneycontrol.com/news/business/netmedscom-tiesindia-post-plans-warehouseeast_3345941.html