"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.
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