The Dadha Group owned NetMeds.com, an e-marketplace for pharma to offer delivery across the country announced the commencement of its operations.
According to news release, the company plans to offer 24-hour delivery in Chennai and two to four day delivery in other cities of the country. NetMeds plans to expand its presence by setting up warehouses through tie-ups in 16 metro and non-metro cities in next 12-18 months period.
Billing itself as India Ki Pharmacy, the site offers an impressive selection of both prescription drugs and non-prescription products (OTC) drugs, supplying over 25,000 stock keeping units (SKUs) across India from its first warehousing hub in Chennai.
Apart from branded drugs, portal will also offer generic alternatives for every medicine ordered on the website. In addition to the prescription drug catalog, Netmeds offers a compliment of eight categories of over the counter (OTC) remedies for pain, category for diabetic support like monitors and test strips, personal care section and others.
Products are sourced from more than 185 Indian manufacturers, including a home page menu of the top 25, such as Sun, Ranbaxy, Cipla and Dr. Reddy.
âNot everyone knows the exact name of the tablet they are taking, but they all know the condition theyâre dealing with. Likewise, they may not be able to read their prescription, but thatâs where our pharmacists can help. With this portal we aim to reach the third tier cities and more remote areas where drug availability is limited. Prescription medicines will be dispensed strictly and only against a valid prescription from a Registered Medical Practitioner” commented Pradeep Dadha, Promoter, NetMeds.com.
Pradeep Dadha, Promoter and the MAPE Advisory Group have together chipped in Rs 60 crore in NetMeds marketplace in the initial round of funding.Â The fact that the Dadha family is the first to provide a âPan-India e-com site for prescription drugsâ is in stride with their legacy of pharma âfirstsâ. The family pharma company, M/s Dadha & Co were Tamil Naduâs first registered importers of drugs, pharmaceuticals and patent medicines from different parts of the world and were Indiaâs first importers of penicillin. Sri Lalchand Dadha originally founded and ran the business, and it was he who in 1926 began the formation of the Chemists & Druggist Federation, which would later come to be known as AIOCD.