Online pharmacy

Funds will be used to maintain the smooth functioning of operations and fuel scale.

NetMeds plans to open 12 fulfillment centres by 2020.

Earlier, NetMeds got Rs 86 crore between December 2018 and July 2019

Beyond epharmacy, 1mg has expanded into doctor consultations and diagnostic lab services

As per DataLabs by Inc42 estimates, the total capital invested in epharma startups has been $361 Mn (2014-H1 2019)

1mg cofounder Gaurav Agarwal said the company has over 12 projects live that use proprietary AI and ML models

The funds will be used towards expansion into newer territories

SastaSundar Healthbuddy sells medicines and fast-moving consumer goods on its platform

SastaSundar said that the partnership with Mitsubishi will help it connect global resources with local needs

As of 2018, there are a total of 4,892 startups in the Indian healthtech space

Overall, the healthtech startups in India raised a total of $504 Mn between 2014-2018

Indian healthcare market to be valued at $372Bn by 2022

Tamil Nadu Chemists and Druggists Association sought direction from authorities concerned to block links of websites that are selling medicines online

In its order, the court has directed the Centre to file its counterpoint and scheduled the next hearing

PharmEasy’s co-founder Dharmil Sheth told Inc42 that the actual court order is not yet available and at the outset, this seems to in line with the notification from CDSCO on Dec 30 2017.

Netmeds will leverage the combined strengths of both companies by fully absorbing the JustDoc team

The JustDoc technology will be integrated with Netmeds and the new offering will roll out shortly

Netmeds will continue to expand the scope of its offerings to include diagnostics, lifestyle-related consulting and a patient ‘peer-to-peer’ social network channel

Existing investor Daun Penh was joined by Sistema Asia Fund, and Tanncam Investment in the Series C funding round

Prior to this funding, Netmeds raised $14 Mn from Tanncam Investment in October 2017

Netmeds offers both prescription drugs and non-prescription (OTC) products online

• The new model will equip shopkeepers with technology, logistics, and marketing capabilities
• Renu Satti will be leading the charge as the COO of the new model
• Paytm has also planned to partner with national grocery and food chains and online platforms to power new retail

Online pharmacy platform Lifcare earlier raised two rounds of funding

It will use the funds to expand its geographical presence

The company is also looking to offer end-to-end services for people suffering from chronic diseases

Although The New Draft Warrants Single Licence To An Online Pharmacy, Enforceable Penalties Are In Place To Check Violations Of Regulations

Medlife Today Has 1,200 Doctor Clinics And Serves More Than 500K Customers

MedPlus Founder Will Now Own 90% Stake In The Company And Plans To Go Public In 2019