MetroMedi, an online pharmacy startup has raised $1.5 million in seed funding, the company announced recently.
The funding round was led by TK GP Rao, a high networth individual, who is also the founder of the TMT Group of industries.
Founded by Dilip C Byra, a serial entrepreneur, the Hyderabad-based company is an e-health store. The startup works as a medicine delivery service on a recurring cycle once patients share their prescriptions.
Shedding light on company’s mission and vision Dilip C Byra, Founder and CEO, MetroMedi, was quoted as saying by YourStory, “We bundle all health related solutions and assist to improve healthcare segment by our health assistants programme, where personalised assistance is given for every 1,000 customers and to create employment as well, along with health insurance and health credit.”
“This is very unique and the only platform where health, technology, and fintech bundles together as a unified health platform using ancient wisdom and modern science together in the fast-growing Indian ecommerce market,” he added.
Manikanta Byra, COO, MetroMedi, said, “As of today, MetroMedi fulfills nearly 1000 orders a day, acquires customers at 75 percent less cost than its competitors, has 60 percent monthly repeat customers and is growing at 25 percent month-on-month.”