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Pharmeasy Online Pharmacy: Topic:Start-Up Venture Ideas Project Guided By:-Prof

This document provides an overview of the online pharmacy PharmEasy, including: 1) PharmEasy was founded in 2015 in Mumbai by Dhaval Shah and Dharmil Sheth and has received $328.5M in total funding. 2) It operates as an online platform for purchasing medicines and has seen significant growth, especially during the COVID-19 pandemic. 3) PharmEasy's main competitors are 1mg and Netmeds, but it has differentiated itself through a recent merger with Medlife and continues to grow rapidly at a rate of 4x year-over-year.

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Ketan Sonawane
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1K views10 pages

Pharmeasy Online Pharmacy: Topic:Start-Up Venture Ideas Project Guided By:-Prof

This document provides an overview of the online pharmacy PharmEasy, including: 1) PharmEasy was founded in 2015 in Mumbai by Dhaval Shah and Dharmil Sheth and has received $328.5M in total funding. 2) It operates as an online platform for purchasing medicines and has seen significant growth, especially during the COVID-19 pandemic. 3) PharmEasy's main competitors are 1mg and Netmeds, but it has differentiated itself through a recent merger with Medlife and continues to grow rapidly at a rate of 4x year-over-year.

Uploaded by

Ketan Sonawane
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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Topic :Start-up venture ideas

Project Guided By :- Prof. Deepika Mirchandani

PharmEasy Online Pharmacy


Made By

201142 Gaurav Nandwanshi 201157 Khushal Latad


201144 Snehal Gurav 201255 Sony Borgad
201154 Girmaji Kale 201260 Renuka Tambe
201155 Ketan Sonawane
PharmEasy Online Pharmacy

+ Healthcare has become one of India’s largest sectors, both in terms of


wealth and employment.
+ The healthcare sector in India is forecasted to reach 
$372 Billion by 2022.
+ Due to this growth in the healthcare sector, many HealthTech
startups have emerged in the Indian Startup Ecosystem.
+ Among those HealthTech startups, one is PharmEasy.
PharmEasy Founders and Funding

+ This Mumbai based online pharmacy platform was founded


by Dhaval Shah and Dharmil Sheth in 2015. 
+ PharmEasy has received total funding of $328.5M.
+ PharmEasy is backed by 18 investors, with Temasek Holdings and 
Bessemer Venture Partners being the most recent investors.
How PharmEasy was founded?
+ Both having a degree in business (MBA) Dhaval Shah and Dharmil
Sheth were convinced about the large potential that technology has in the
health care sector.
+ Dhaval Shah being a Doctor too, saw potential in Health Tech Sector.
And according to Dhaval, “The health care business is like a circle and
you can enter at any point.”
+ Taking about his vision, Dharmil Sheth in an interview said, “Only
technology can solve India’s health care challenges and our aim is to make
health services accessible and affordable.”
Pandemic Story
+ During the COVID-19 pandemic, the company has become an essential
service that has contributed to its growth. The competitors of PharmEasy in
India are 1mg and Netmeds. This health tech startup has raised a massive 
$350 million, becoming the first Epharmacy unicorn in India. The funding has
been raised after the merger of PharmEasy with its rival Medlife. PharmEasy
has acquired 100 percent stake in Medlife, and the latter got 19.95% stake in
the merged entity. Both the companies have joined hands and merged in order
to beat off the competition from the rival players like Netmeds (Reliance Jio),
Flipkart and Amazon Pharmacy who have just entered in the epharmacy
segment in India. 
PharmEasy - Competitors

+ The company's top competitors are Ranger Health, Myra


Medicines, Hello Heart, and Brown Packet. These companies
are building their empire just like PharmEasy. But PharmEasy is
ahead of its competitors. Ranger Health is a company which
was founded in the same year as PharmEasy and is
headquartered in the US. The company has fewer employees
than PharmEasy. It has received $10 million in funding which is
lower than what PharmEasy has arranged.
PharmEasy - Growth

+ The company is witnessing massive growth. It's growing at 4x


year-on-year which translates into the possibility of generating a
revenue of INR 450 crores. Impressive! Dhaval Shah and
Dharmil Sheth are playing a major role in this growth through
excellent leadership and superior decision-making.
PharmEasy: How It Works!
+ https://www.instagram.com/pharmeasyapp/
Contact detail of + https://www.facebook.com/pharmeasy/

PharmEASY + https://www.twitter.com/pharmeasyapp/
Thanks, You

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