MEDdelivery Raises Around $1 mn in Investments

MEDdelivery has emerged as a game-changer in the healthcare sector, significantly accelerating business growth for local pharmacies.
MEDdelivery Raises Around $1 mn in Investments

Started with the aim of establishing a single value chain between pharma companies, stockists, and medical shops, MEDdelivery was founded by Aastha Dusad, Rohit Bafna, and Rahul Gautam in April 2019.

The corrected line would be: The Jaipur-based B2B pharma-tech startup has raised around a Million dollars in investments from investors like Auxano Entrepreneur Trust, Lets Venture, Kisho Capital, Venture Garage, FAAD network, 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 a nearly 100 percent fulfillment rate for their partners.

“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,” said Aastha Dusad, Co-Founder, MEDdelivery.

Offering a wide-ranging catalog of over 1 million SKU’s from 10,000+ different pharmaceutical brands, they have achieved an annualized Gross Merchandise Volume of over Rs 48 crore by catering to small retail pharmacies in Jaipur, with a daily average order size of Rs 5,000 to Rs 15,000. MEDdelivery offers a complete solution that essentially aligns everyone’s interest in the supply chain. Their strong repeat rate of 70 percent plus is a testament to their stronghold in the market.

“With local medical stores playing a vital role in these testing times by providing priority healthcare to more than 10 million people every day, we’ve ensured that they have absolutely no hassle while ordering stocks and the supply chain is running efficiently,” said Rahul Gautam, Co-Founder, MEDdelivery.

Currently operating in 8+ cities with over 3,000+ retail pharmacies using their unique platform to procure supplies, the startup plans to expand its reach in 100+ non-metro cities in the next 18-24 months.

“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.

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