In the News
Netmeds raises $14 million from Tanncam, Sistema Asia FundOnline pharmacy Netmeds has raised $14 million (over Rs 90 crore) in the latest round of funding from Cambodian investment holding company Tanncam and venture firm Sistema Asia Fund.
Bringing Affordable Healthcare To Rural India: Online Pharmacy Netmeds Secures $14 Mn Funding From Tanncam And Sistema Asia FundOnline pharmacy Netmeds, has raised $14 Mn funding in a round led by Cambodian investment holding company Tanncam. The round also saw the participation of the Sistema Asia Fund.
Netmeds Raises $14M in Latest Round from Investment Funds Sistema and TanncamNetmeds, India’s leading healthcare e-commerce portal closed its latest round of funding in which it has secured an investment of $14 million. The funding round was led by Tanncam, a Cambodian investment holding company, which was joined by Sistema Asia Fund, the India-centric venture fund, spun off by, Sistema, Russia's largest public investment holding company.
Netmeds rake Elliot's Beach for Swachh Bharat Abhiyan this yearNetmeds CEO Pradeep Dadha adopted the Elliots Beach in Chennai this year calling upon the entire Netmeds workforce to join hands and transform the famed beach into a paradise again. Netmeds took up this initiative to create awareness on cleanliness and contribute to Swachh Bharat Abhiyan.
Netmeds to open 10 stores in ChennaiNetmeds, the healthcare ecommerce portal, is venturing into the brick-and-mortar space with the opening of 10 physical stores in Chennai. The company plans start off with Chennai and gradually expand its offline reach to other metro cities in the country.
Technological tricks to ease medical appointments at 50Studies in the recent past have shown how prone people in their 50s are to an array of health-related issues, ranging from the common cold to a cardiac arrest. The quinquagenarian phase thus demands constant monitoring and medical check-ups.
Netmeds Launches Medmemo App For Corporate SectorTargeting the corporate sector through a dedicated app was the brainchild of Bruce Schwack, cofounder and director of communications. Netmeds has offered cashback remittances that every HR can make use of.
'Soon To Be Unicorns' : India's Top 40+The companies which are market leaders, mostly function successfully if they have a first mover advantage or are uniquely positioned with a sound monetization model. They tend to grow with or without raising a great amount of investment from outside or going public (in IPO).
Top 5 superstar apps of 2016 that will continue to rule 2017New Delhi: The year 2016 has largely been a year that has heralded an explosion of a variety of apps. There have been few apps that have supervised and assisted the users in patterns they shop, consume and misuse services.
Netmeds: The journey so farIndia has a largely unorganised pharmacy business. A lot of the mom and pop shops are not just in the business of doling out over the counter drugs.
Netmeds to open 3 fulfilment centresIn a bid to deliver medicines to customers quickly, online pharmacy company Netmeds is planning to open three more wholly owned fulfilment centres soon.
Netmeds To Build More Fulfilment Centres Especially in Tier II and Tier III citiesNetmeds.com founder, Pradeep Dadha is a member of one of the oldest legacy pharmacy companies in the country, with industry roots dating back to 1914.
Netmeds buys IDG Ventures-backed rival Pluss in stock dealOnline pharmacy Netmeds.com has acquired Delhi-based hyperlocal drugs delivery app Pluss in a deal that will help it expand its operations in northern India and better compete with Sequoia Capital-backed rival 1mg.
Netmeds plans to enter B2B space, raise more fundingNet-Meds Marketplace Pvt. Ltd, which runs online pharmacy Netmeds.com, is firming up Series B fundraising plans even as it is looking at acquisitions to beef up offerings and diversify into the business-to-business (B2B) segment, a top executive told Techcircle.in.
A look at how epharmacies are trying to wade through a regulatory maze and resistance from offline chemistsRakesh Joshi was prescribed a daily medication regimen: a 500 mg tablet for diabetes after breakfast, another one for high blood pressure after three hours, a pill for his heart after lunch and, just before hitting the sack, another dose for diabetes.
Netmeds Shows That Health & Wellness Can Also Be Fun: Pradeep Dadha, Founder & CEODadha & Company, a 100 years old Indian pharmacy, introduced 'Netmeds.com- India Ki Pharmacy' in 2015. The nearly one year-old baby in the online pharmacy space, Netmeds.com, has released a new brand campaign featuring Indian actor Krushna Abhishek and stand-up comedian Sudesh Lehri.
50 Indian startups who could be the next potential unicornsStartup research platform Tracxn has compiled a list of 50 such startups, referring to them as 'soonicorns', as they show potential to become unicorns
Netmeds.com: The Most Awaited Internet PharmacyWhen a research crew from California visited Netmeds.com, although it was situated in one of the most desirable locations in Chennai, they fully expected to find yet another haggered, overworked and disgruntled staff.Their first indication that this might be unlike their other surveys, was when they were granted unfiltered access to the population.
NDTV Unicorn Start-Up Awards 2016NDTV presents Unicorn Awards 2016, a gripping extravaganza with the biggest names in India's most exciting space in business - the start-up. These awards recognise the most credible dream-chasers who are going to change the way India does business. This is the start-ups' moment to shine and occupy centre-stage.
Moving drugs, pills and pharmacy to your doorstepOnline pharmacy caters to tier-II, tier-III cities to bring a range of drugs to patients with chronic health conditions
Online pharmacies could be just what the doctor orderedIn the fourth episode of first season of Satyamev Jayate, Aamir Khan spoke about the use of generic medicines. Generic medicines cost less and are a good alternative to branded medicines. Most times, doctors prescribe a medicine and people go to the pharmacist to buy that medicine without any research.
Netmeds closes $50 million funding led by OrbiMedOnline pharmacy marketplace Netmeds.com today said it has closed a funding round of USD 50 million (about Rs 325 crore) in tranched financing, led by healthcare focused investment firm OrbiMed. This additional funding will help us put in place a supply chain management system.
Drug e-store Netmeds gets $50m fundingOnline pharmacy marketplace Netmeds.com has bagged $50 million in a second round of funding since its launch in June this year. The latest round was led by OrbiMed, a healthcare-focused investment firm, along with Pradeep Dadha, CEO, Netmeds.com, through the family investment fund and boutique investment bank MAPE Advisory Group.
Online pharmacy marketplace Netmeds.com secures Rs 324 crore in fundingOnline pharmacy marketplace Netmeds.com has secured Rs 324 crore ($50 million) in funding from a clutch of investors led by healthcare-focused investment firm OrbiMed, according to its founder and CEO, Pradeep Dadha. The company has received Rs 65 crore ($10 million) in the first tranche of funds from the investors, which includes boutique investment bank MAPE Advisory Group.
Pharma aggregator Netmeds.com to get Rs 325 crore from OrbiMed PE, othersNet-Meds Marketplace Pvt Ltd, which runs online pharmacy venture under Netmeds.com, has received investment commitment of Rs 325 crore from healthcare focused global private equity firm OrbiMed, existing investor MAPE Advisory Group. In this round of funding, Dadhas family investment fund will also contribute.
India Funding Roundup: The 25 Highest Funded Tech Startups of 2015Looking back, 2015 has been a landmark year for India's tech startup landscape, with a total of 114 startups that filed series A rounds by December in the calendar year, with total funding amounting to $542 million (roughly Rs. 3,595 crores). If you do the math, the average funding round in a Series A comes to $4.75 million (roughly Rs. 31.5 crores).
OrbiMed leads $50 million funding round in online pharma marketplace Netmeds.comHealthcare-focused, mid-stage private equity firm OrbiMed has led a $50 million (about Rs 325 crore) round of funding in online pharmacy marketplace Netmeds.com, the Chennai-based startup announced on Monday.
Netmeds.com closes $50 mn in tranched financingNetmeds.com, today announced it has closed on $50 million in tranched financing. The investment was led by OrbiMed, a healthcare focused investment firm with around $15 billion in assets under management. As part of the financing, OrbiMed's Sunny Sharma will join company's board of directors.
100-year-old pharma company Dadha & Co.s Netmeds.com raises $50 millionNetmeds.com, India Ki Pharmacy, today announced that it has closed on US $ 50 million in tranched financing. The investment was led by OrbiMed, a healthcare focused investment firm with approximately US $ 15 billion in assets under management.
Online pharmacy Netmeds scheduled to go live by next weekOnline pharmacy Netmeds, which is backed by boutique investment firm MAPE Advisory Services is set to go live next week and targets a market share of three to four per cent by 2020, a company executive said here today.
Dadha Pharma to launch online pharmacy Net-Meds in ChennaiA hundred-year-old pharma distribution company in Chennai has decided to enter the ecommerce space. Dadha & Company, a name that is said to be synonymous with pharmacy distribution throughout the south of India will now reduce its destination barriers by capitalizing on the internet's vast potential to reach out to a larger pool of people.
Boutique I-bank MAPE to invest in yet-to-launch online pharmacy startup NetMedsBangalore-headquartered mid-market investment banking firm MAPE Advisory Group is set to invest in Net-Meds Marketplace Pvt Ltd, which plans to launch an online pharmacy venture under Netmeds.com.
MAPE Advisory Group to invest Rs 30 crore in NetMeds MarketplaceMUMBAI: After raising funds from the world's largest sovereign wealth funds such as GIC, hedge funds like Steadview Capital and corporate honchos like Ratan Tata and Azim Premji, Indian ecommerce firms have a new backer - boutique investment bank.
100-year-old pharma company hooks on to NetChennai-based Dadha Pharma to launch online service
The recent online retail wave has swept along not only new age entrepreneurs but also 100-year-old brick-and-mortar companies. Chennai-based Dadha Pharmaceuticals is one of them.
Pradeep Dadha, CEO, Unveils the Story of Netmeds in CNBC-TV18
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