In today’s time where everything is done online Dadha& Co. have also established an online pharmacy called Netmeds.com whose funding has skyrocketed to 50 million USD. A selection of prescription and non-prescription (OTC) drugs is provided by Netmeds.com. Orbimed’s Dr. Sunny Sharma led this investment which accounted to 15 billion USD, boutique investment bank MAPE Advisory Group and the family of Pradeep Dadha who is the founder and CEO of Dadha& Co-funded this online venture.
Mr. Dadha says, “We are the first mover in our category, and plan to use about 10 million dollars of the 50 million dollar commitment immediately for back-end development and to augment our logistics infrastructure for providing medicines and healthcare products to customers who need us the most in under-served cities. The funding will also be used to increase consumer awareness. Plans are under way to put in place an excellent supply chain management system.”
Through the Netmeds mobile app users can avail its services from their homes. Its user-friendly interface asks you to upload a valid prescription to access the catalog where you can see dosage, duration validity, maintenance of medical records, refill reminders which are all examined by expert pharmacists. India Post carry out the delivery of medicines.
It has been 100 years since Dadha& Co. is in the pharmaceutical business and Netmeds.com has helped them to achieve huge success in this industry.