Netmeds is the biggest online healthcare eCommerce in India. It was founded by Pradeep Dadha in 2010. The headquarters of the company is located in Chennai, Tamil Nadu. You can buy and send medicines online, for your personal use and also you can send them to others.
Almost everything is now available online, and you can get whatever you want, through online eCommerce shopping. Medicines have never entered sales for long, but the company broke this and entered this field. The Chennai-based online pharmacy is successful in its ecommerce platform.
|Official Name||Netmeds Marketplace Limited|
|Revenue||₹ 100 crores|
|Net Worth||₹ 500 crores|
|No. of employees||501 – 1000 ≈|
|Category||Health | Pharmacy|
|Available as||Website, Android and iOS|
Journey of Netmeds
It provides general medicines, ayurvedic medicines, homoeopathic medicines, general health care and much more. This comes from 100 years of qualitative and experienced medicinal background, Dadha & Company. The parent company of Netmeds is Reliance Industries.
The founder and CEO are Pradeep Dadha. He was born and raised in Chennai. They have around 500 employees around India. The family of Pradeep has already set foot in pharmacy since 1914. Tamil Nadu Pharmaceuticals Ltd was doing its business and later it was given to Sun Pharmaceuticals Industries Ltd in 1997. Then Mohanchand Dadha, owner of Sun Pharmaceuticals (Father of Pradeep Dadha) merged with Tamil Nadu Pharmaceuticals Ltd. Later Pradeep founded this company and introduced in this platform to sell medicines online.
Mission and Vision of Netmeds
Provide the people of India with convenient and affordable access to their everyday medicines.
The vision was developed with the idea of giving access to a full range of genuine medicine and reliable healthcare products to customers.
The tagline is India Ki Pharmacy. That is a pharmacy for India.
Products offered by Netmeds
They offer both prescription and non-prescription drugs. You can order medicines easily, search for the products, add them to your cart, and make payments. They have a wide range of products. They also provide prescriptions for major and minor ailments like ayurvedic, Unani, homoeopathic, health, drinks, supplements, personal care, etc. They also provide equipment like orthopaedic, surgical and more.
They get products from over 200 manufacturers in India. The top 25 manufacturers are Dr Reddy, Sun, Ranbaxy, Cipla and much more.
Services and Technology
They also provide professional medical advice and diagnostic services for customers. They also provide autofill reminders, loyalty programs, expense analytics, and a digital copy of prescriptions.
It uses data analytics to anticipate medicine availability and stock them according to the seasons and monsoons.
Normally they deliver in a day or two for the customers in the metro cities. But it also differs as per the customer’s location. Customers can avail of free delivery on orders above thousand rupees. And they charge twenty-five to fifty rupees as a delivery charge if the order is below thousand rupees.
They have experience over 100 years in the pharmaceutical industry, and they have delivery all over India. They have users of around 3 million. They have high-quality and genuine medicines. And also have a team of highly experienced pharmacists. Customers get to know the expiry date of their medicines while ordering their medicines.
You can download their applications which are available for Android and iOS. The application gives you offers, discounts, and consultations. The app also gives you free access to healthcare, medicine-related information, and reminders for medicine refills. They have a website, where you can sign in, and purchase the medicine of your needs.
Business and Plan of Netmeds
They sell medicines, all over the country by seeing your prescription or also without a prescription. They guide you with medical advice and give medicines according to that. They give you a digital prescription as well. They offer medicines to pharmacies at wholesale prices. They also offer a 20 per cent discount to their customers.
The ecommerce online pharmacy is planning to set up around 300 plus stores offline across the country. They also plan to make it a brand name, marketing, and IT. They are also looking out for banks, as investors.
Stores of Netmeds
The first franchise store was launched in Nanded, Maharashtra in 2018. And the first retail store was launched in Belgaum, Karnataka. They have planned to open 20-plus retail stores in Karnataka by this year.
Revenue and Growth of Netmeds
It gets its revenue from three sources.
Commission – they get medicines from the manufacturers and sell them at a higher price. In that way, they get a commission as revenue.
Marketing – By advertising, and marketing the products, the company will increase sales.
Shipping charges – the charge they collect for medicines, and aid as one of the revenues.
- The growth of this company is quite remarkable
- They help around 30 lakhs patients around the country.
- They provide services to around 19000 plus pin codes.
- They have 35000 stocks in tier 1 and tier 2 cities.
- They have eight fulfilment centres, Chennai, Bangalore, Hyderabad, Pune, Delhi, Ahmedabad, Raipur, and Kochi.
- There are around 13 warehouses.
- They have plans to expand 16 more warehouses in our country.
Brand Ambassador of Netmeds
The brand ambassador is MS Dhoni. The advertisement in which Dhoni acts as a brand ambassador has reached over 34 million views.
Awards & Achievements of Netmeds
|2016||Health Tech Start-up of the year|
|2018||Asia’s most promising brand|
|2018||Emerging Company of the Year|
|2018||Emerging Company of the year|
|2019||Business Innovator of the Year|
|2019||Best Digital Healthcare Start-up|
Like any other ecommerce platform, Netmeds also faced ups and downs, acquisitions, awards, competitors and much more. But, a journey is valued if it is a roller coaster ride. They have plans to tie up with other pharmacies. They also plan to focus on specific age groups. The company plans to set up more warehouses across India.
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Who is the owner of Netmeds?
Pradeep Dhadha is the owner of this company.
Can you get offers at Netmeds?
Yes, you can get a 20% offer, while purchasing online. And more discounts if the order is above ₹5000 and much more.
What is the minimum order in Netmeds?
₹500 on your first order. And from next, you can get free delivery on prepayment.