MEDdelivery, a B2B pharma-tech startup, has raised around $1 million in a new round from investors such as Auxano Entrepreneur Trust, Lets Venture, Kisho Capital, Venture Garage and marquee angels.
MEDdelivery has emerged as a game changer in the healthcare sector, significantly accelerating business growth for local pharmacies. By becoming a one-stop procurement partner, MEDdelivery has enabled pharmacies to overcome unorganized supply-chains, making them capital efficient with just-in-time stock replenishment and data-driven reorder triggers. This has resulted in achieving nearly 100 percent fulfillment rate for their partners.
Co-founded by Aastha Dusad, Rahul Gautam and Rohit Bafna, MEDdelivery acts as a single value chain between pharma companies, stockists and medical shops. It helps local medical shops procure supplies from hyperlocal wholesale markets.
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The Jaipur-based startup claims to offer a wide ranging catalog of over 1 million SKU’s from over 10,000 different pharmaceutical brands and delivered to pharmacies twice a day. Currently operating in over 8 cities with more than 3,000 retail pharmacies using its platform to procure supply, the company plans to expand its reach in over 100 non-metro cities in the upcoming 18-24 months.
“With MEDdelivery, our aim is to increase accessibility, availability, and affordability of medicines especially in non-metro markets which are dominated by locally-run pharma companies.” – Aastha Dusad, Co-Founder, MEDdelivery.
“Our uniquely designed, community-driven data support enables us to provide 100% fulfillment of all products to all our customers. We strive to achieve efficiency for all stakeholders in the pharma supply chain by increasing accessibility, availability, and affordability of medicines,” said Rohit Bafna, Co-Founder, MEDdelivery.
According to the company, its annualized gross merchandise volume has a mark of over Rs 48 crore by catering to small retail pharmacies in Jaipur.
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