Hotline: 1800 102 2007
X
Search Business Opportunities
Nov, 17 2016

​Aermed to invest on enhancing the existing technology team

Aermed claims to have enrolled almost 2, 500 customers on subscription and a repeat user of 80 percent.

Aermed, a pharmacy and lab aggregator, run by HX Wellness Pvt. Ltd, has managed to raise an undisclosed amount of funding by Hitesh Windlass, CEO of Windlas Healthcare.

Aermed is going to use the fund for customer acquisition and ramping up technology team. It is also going to use the money for back-end development by setting up additional hubs for fulfillment and augmenting logistics infrastructure.

The company claims to have enrolled almost 2, 500 customers on subscription and a repeat user of 80 percent.

Naishadh Sutaria, co-founder, Aermed, said, "The market for chronic medicines is USD10 billion and growing at a compound annual rate of 15-17 percent. Online pharmacy, by our estimate, is less than 1 percent of the market in even urban markets, and has tremendous headroom for growth."

As per reports, Netmeds in October received USD50 million (Rs 325 crore) from healthcare-focused global private equity firm OrbiMed, with participation from existing investors MAPE Advisory Group and CEO and founder Pradeep Dadha's family investment fund.

1mg secured funding from Swiss investment firm HBM Healthcare Investments in May this year, in addition to its Series B round from Maverick Capital Ventures and existing investors Sequoia Capital and Omidyar Network. In March, Corner Store Technologies Pvt Ltd, a full-service pharmacy targeting patients with chronic illnesses that operates under the brand LifCare, raised USD1 million (around Rs 6.6 crore) in angel funding led by investor Rajul Garg. Other startups in this segment include Zigy and CareOnGo. 

Comment
image
Related opportunities
  • Theme Restaurants
    About Us: Urban Lokal Café is focused on providing a safe..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Home Furnishings
    About: Ambreh is backed by Aalidhra Techtex Pvt. Ltd. that owns..
    Locations looking for expansion Delhi
    Establishment year 1989
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Casual dine Restaurants
    About us: The first Kenny Rogers restaurant was opened in coral..
    Locations looking for expansion New Delhi
    Establishment year 1991
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 10000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Beauty & Health Sub
    About Us: Shopping Ayurveda offers a complete power program through various..
    Locations looking for expansion Madhya pradesh
    Establishment year 2006
    Franchising Launch Date 2018
    Investment size
    Space required 100
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Indore Madhya pradesh
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities