Apollo Hospitals, a prominent healthcare organisation, has apparently teamed up with TechEagle, a drone startup, to introduce a 10-minute diagnostic drone delivery service. The hospital chain operator will use TechEagle’s AI-powered autonomous drones to deliver liquid biopsy samples—which are essential for detecting cancer—from collection centres to diagnostic labs in less than ten minutes, according to a media report. According to reports, Sangita Reddy, joint managing director of Apollo Hospitals, introduced the new service during a function in New Delhi. According to the study, the product aims to solve significant delays in diagnosis and treatment by delivering samples in a quicker, safer, and more effective manner. Vikram Singh Meena, cofounder and CEO of TechEagle, commented on the collaboration, saying that Apollo Hospitals uses TechEagle’s AI-powered drones to guarantee that liquid biopsy samples, which are crucial for early cancer detection, arrive at labs in ten minutes. The healthcare sector should have the same speed and efficiency as consumer logistics, and the partnerships that make that possible are essential.
Drone can be a Real Game Changer in the Healthcare Sector
According to reports, Reddy claimed that drone-based healthcare delivery had proven effective in African countries. Drones can be utilised for a variety of purposes, including emergency medical deliveries and the transportation of organs. Healthcare is going to be safer, quicker, and more effective in the future. TechEagle, a drone logistics firm founded in 2017 by Meena and Anshu Abhishek, both of whom are graduates of IIT Kanpur, provides its customers with on-demand autonomous drone delivery. The Vertiplane X3, its flagship model, is said to have a 100 km single-flight range, a 5 kg cargo capacity, and a top speed of 120 km/h.
TechEagle Focuses on Last-Mile Logistics in Urban and Semi-Urban Areas
TechEagle mainly works in the beyond visual line of sight (BVLOS) drone operations market, concentrating on last-mile logistics in urban and semi-urban settings. The firm raised an unknown amount of money in a round co-led by Inflection Point Ventures and Navam Capital in May 2024. According to TechEagle, it has provided services to organisations like the World Bank, Swiggy, Vodafone-Idea (Vi), AIIMS, and several state governments thus far. The development coincides with positive advancements in the drone technology sector in India. A day ago, DroneAcharya, a publicly traded drone manufacturer, obtained type certification from the Directorate General of Civil Aviation (DGCA) for their multifunctional drone, AgriVeer. IdeaForge, another publicly traded drone technology business, stated earlier this month that it will invest $1.83 million to purchase a minority share in Vantage Robotics, a US-based UAV manufacturer. Dreamfly Innovations, a Bengaluru-based company that provides drone battery solutions, raised $1.4 million in its seed round, which was headed by Avaana Capital, in February alone.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by ImpactGuru.
Would you have been able to imagine a crowdfunding startup to be able to meet all your healthcare needs? This is where ImpactGuru comes in. In a survey carried out by NSO in July 2017-June 2018, it was found that only 14% of the rural population and 19% of the urban population had health expenditure coverage. Again, according to an analysis published in The Lancet in 2018, around 1.6 million people in India die due to inadequate healthcare. The Indian healthcare segment is clouded by many such disturbing data. However, it is good to see that not just the Government, but many NGOs and startups are coming up to solve the long prevailing issues in the healthcare sector. Today we are talking about one such startup, that is making a remarkable attempt to make quality healthcare accessible even to the poorest, through crowdfunding. Mumbai-based ImpactGuru is not just helping people to raise funds for healthcare, but for various other social and personal causes as well.
In order to scale the fundraising for PPE for doctors, nurses and health care workers across India, ImpactGuru received INR. 40 lakh grant in the form of matching funds from The Action Covid-19 Team (ACT). The company added up to 20% in matching donations via the ACT Grant on every single donation for selected Public and Private Hospitals on its platform.
6th October 2021 – ImpactGuru witnessed a rise in people seeking financial help for treatment. Around 25,000 patients have been assisted so far by ImpactGuru and half of these patients were assisted post-January 2020.
2nd October 2021 – ImpactGuru has successfully crowdfunded over Rs. 75 lakh cumulatively contributed by over 700 donors in 2 weeks to cover treatment expenses of 2 brothers fighting Hunter’s Syndrome.
“An ImpactGuru is someone who envisions change, who finds solutions to social problems, who steps up to support another change-maker, who makes kindness a habit, who dares to follow his/her dream, or who simply helps out a friend in need. We believe that each individual holds the power to effect great change and given the right tools and the right backing, can become an ImpactGuru himself/herself ” quotes ImpactGuru CEO Piyush Jain.
ImpactGuru Logo
Starting a fundraiser campaign in ImpactGuru is easy. One just has to get started by clicking on the ‘Start a Fundraiser’ tab on the ImpactGuru website or app, fill in the required details to create the fundraiser campaign. Using ImpactGuru’s story builder feature, one can put up one’s cause of raising money in an appealing way to attract more donors.
Once created, the fundraiser campaign is shared online. The money received from the donors is transferred to the beneficiary’s account after deducting the applicable fee and charges.
Fundraising on ImpactGuru
ImpactGuru – Industry Details
India’s private healthcare spend stands at $90 billion a year. Of this, merely one-third is covered by insurance and the balance of $60 billion is met largely with borrowings from friends and family. Capturing 10% of this segment would mean a medical crowdfunding market of around $6 billion. This is the segment ImpactGuru is looking to tap.
Healthcare crowdfunding is the most disruptive solution to address this problem. There are no loans or interest to be paid off when it comes to crowdfunding as funds raised online is considered as a donation.
ImpactGuru – The Idea of Starting up
The idea began to form in Piyush’s mind while he was working with Instilgo, a US-based non-profit organization.
“When I decided to go to Harvard University, Kennedy School of Government, I found my calling when I accepted a fellowship with Instiglio, a US non-profit focused on using social impact bonds to help non-profits scale” recalls ImpactGuru founder PiyushJain.
Besides, while at Harvard, Piyush assisted his Professor in teaching a class on financial management in non-profit Organizations. He also co-authored a paper on – ‘Non-Equity Financing for Entrepreneurial Ventures’. For writing the research paper, Piyush had to explore different avenues to finance social initiatives. During this research, Piyush realized that the crowdfunding market in Indian is largely untapped and it is his willingness to do something in the field of crowdfunding that made him start ImpactGuru.
Fortunately, both Khushboo and Piyush shared the same vision. Piyush’s knowledge of finance and technology clubbed with the brand, marketing and communications skillsets of Khushboo had garnered over the years. It does require a fantastic partnership and they have been very lucky to forge that successfully.
The startup was incubated at Harvard Innovation Lab in August 2014 and at PACT, Singapore in May 2015.
Impactguru founders – Khushboo Jain and Piyush Jain
ImpactGuru was founded by a couple of entrepreneurs, Piyush Jain and Khushboo Jain.
ImpactGuru founder and CEO Piyush Jain is a BSc in Economics from the University of Pennsylvania – The Wharton School. He did Masters in Public Policy, Business and Government Policy from Harvard University, John F. Kennedy School of Government. Piyush worked with reputed organizations like JP Morgan, Instiglio, San Francisco based fintech firm SoFi, the Boston Consulting Group and RB Investments, before starting ImpactGuru in 2017.
ImpactGuru co-founder and COO Khushboo Jain come from a fashion designing and fashion marketing background. Khushboo is an alumna of London College of Fashion, University of Arts London and Parsons School of Design. Khushboo did her Bachelors in Commerce from Sydenham Institute of Management Studies, and an MBA from Welingkar Institute of Management. Prior to joining her husband in his venture, Khusboo worked with brands like Kansai Nerolac Paints Limited and fashion brands like TheLabelLife.com and Manish Malhotra.
Piyush is backed by an awesome and dedicated team who truly stand with the vision and mission of ImpactGuru. Some core members of the ImpactGuru team are-
Vikas Kaul, the Chief Product Officer of ImpactGuru is an IIMK graduate. He is an ex-employee of Quikr and Deloitte.
Ankita Kumari is Vice President, Operations at ImpactGuru. She is an engineering graduate from Amity University Noida and an ex-employee of PSTakeCare and TinyOwl.
Sandeep Tripathy – Head, Business Development, Ex- PSTakeCare, IIT Bombay.
ImpactGuru – USP
What makes ImpactGuru stand out is that they are the only crowdfunding platform to have their own story builder to help customers write great stories as it’s a major pain point in the industry today. It has an AI-supported story builder for medical fundraisers, with a template for all campaigners to develop their own standardized campaign stories. It’s a first in the world innovation in crowdfunding globally!
ImpactGuru is also the first crowdfunding player in India to launch a smartphone app for customers. The app presents the user with a quick view of their fundraiser, thus enabling them to keep track of the progress of the campaign, get real-time donation notifications and post updates.
ImpactGuru.com has become the largest crowdfunding platform in India for medical expenses. In total, ImpactGuru has raised around INR 950 Crore from over 2 lakh donors from 150 countries.
ImpactGuru – No Platform Fee
ImpactGuru has extended free fundraising to all causes by offering a 0% platform fee. It has Mobilized $200 million/INR.1500 crores through its platform and global partners, since inception.
Free fundraising is made available to all types of fundraisers who are hosted on the platform – It can be patients with medical emergencies (Covid-19, organ transplant, cancer) or NPOs/Individual fundraising programs for any causes. By this, ImpactGuru has completely waived off-platform fees with an intention to maximize the funds raised by fundraisers.
In order to sustain the platform and meet operational activities to provide a free fundraising platform, donors will be asked to provide any amount of voluntary tips.
In a joint statement ImpactGuru.com’s Co-Founders Piyush Jain and Khushboo Jain said, “In the last 5 years, crowdfunding on ImpactGuru has now become the preferred way for people to finance critical illness bills at hospitals given the low level of insurance penetration in India. With the extension of our free fundraising options to all fundraisers, we hope to accelerate our ambition of helping finance the critical illnesses of over 1 million / 10 lakh patients over the next decade.”
ImpactGuru – Business and Revenue Model
But how does ImpactGuru make money? It has a highly scalable, asset-light, transparent revenue model. It charges an average of 8% of total funds raised as to its fees with 5% directly being net revenue. It charges additional fixed fees for premium services such as digital marketing, video, content support.
I was keen on a business model that would add value and meaning to the community. Our vision is to make sure that nobody in India has to ever struggle to fund their medical treatment due to lack of money. – Piyush Jain
ImpactGuru offers various packages that one can opt for fundraising.
ImpactGuru – Challenges Faced
Social problems are so immense in India, that often one can get disillusioned by the impact one creates i.e. whether one’s intervention is moving the needle or not. There are many challenges and dilemmas that the ImpactGuru team needs to face on a day-to-day basis. This is what Piyush has to say regarding the issues the team faces-
At ImpactGuru, we often face an ethical dilemma. Private hospitals will not proceed with treatment without the funds, say of 5 children whom are near death without a critical emergency surgery. It is an overwhelming feeling as we will be disappointing someone or maybe more as we have limited resources as an organization and limited donors to reach out to fund each of the 5 surgeries successfully. How to handle the mental pressure and how to execute the task is the pressing concern. It’s very important to keep the perspective that the journey of a thousand miles begins with a single step. We thus pick cases where we can have the maximum impact given the short time. We select cases such as transplant, heart surgeries, cancer rather than dengue, malaria, diarrhoea.
ImpactGuru has raised a total of $4.5M in funding over 5 rounds. Their latest funding was raised on Mar 6, 2020, from a Seed round.The ImpactGuru funding details are mentioned below:
Date
Stage
Amount
Investors
April 2016
Pre-Seed Round
$500K
RB Investments Pvt Ltd (Singapore based VC Fund)
November 2017
Seed Round
–
Venture Catalysts
May 2018
Series A
$2Million
Apollo Hospitals Group, Currae Healthtech Fund, RB Investments, Shorooq Investments, Venture Catalysts with participation from various other investors from the USA, Southeast Asia, and the Middle East
December 2018
Series A
$2Million
Shorooq Partners
May 2020
Seed Round
–
Rajesh Mane
ImpactGuru – Partners
ImpactGuru has a strategic partnership with GlobalGiving.org, the world’s largest non-profit crowdfunding platform based in the US and UK in October 2016. It is the only crowdfunding platform in the world that can offer Indian, US, and UK tax benefits to Indian and international donors.
ImpactGuru team with GlobalGiving
ImpactGuru has also partnered with Apollo patients nationwide which makes it the preferred crowdfunding platform for all.
Recently, in early July 2021 Cure SMA Foundation of India, a public charitable trust has collaborated with ImpactGuru. The partnership is to support all its registered SMA patients in India.
In April 2016, ImpactGuru partnered with Fundnel, an investment platform based in Singapore. This partnership allowed ImpactGuru to tap into philanthropic and investment capital from the Indian diaspora based in Southeast Asia.
In September 2016, ImpactGuru partnered with UN Women (an entity of United Nations) to run Project Inspire, an initiative to support social entrepreneurs working for women empowerment.
ImpactGuru – Awards and Achievements
ImpactGuru has won the following awards worldwide.
Khushboo Jain featured as a Leading Woman in Business 2021 List by The Economic Times & Femina.
Khushboo Jain was recognized as Social Activist For Indefatigable Service During Covid-19 Crisis by the Punjab Govt. Dept Of Health & Family Welfare.
Piyush Jain featured in 2021 List of Nationwide Awards 40 Under 40.
Awarded as Best Social Impact Startup by Drivers Of Digital Awards.
Awarded as Best Digital Startup by Drivers Of Digital Awards.
Piyush & Khushboo Jain featured in 2019 List of Fortune India 40 Under 40.
NITI Aayog & United Nations – 2019 Women Transforming India Awards featured Khushboo Jain in Winning Top 15.
Recognized among top 5 startups in India and raised investment funding on live TV on Tie The Knot: Real Funding, Unreal Speeds, CNBC TV18’s longest-running shows – Young Turks.
ImpactGuru was declared the winner of Maharashtra Startup Week 2019, organized by the Maharashtra State Innovation Society.
BusinessworldTectors Awards 2018 – Tech Companies To Watch Out For.
TechCircle 2018 Public Choice Award for Best Social Impact Startup award.
MedAchievers HEALTH NXT 2018 Rising Startup Award.
2018 Top 3 Startups in West Zone, Start Smart Awards 2018.
Businessworld BW Disrupt Social Woman Entrepreneur Award.
Expanding business in Middle East markets is the next on the cards with the help of some investors from the region who have recently invested in the company.
I’m on a mission to make healthcare accessible to all and save more lives and cast the ImpactGuru net across geographies.
ImpactGuru – FAQs
What is ImpactGuru?
ImpactGuru is a Mumbai-based crowdfunding startup that offers a platform to raise funds for healthcare to social enterprises, NGOs, startups and individuals.
Who is the founder of ImpactGuru?
ImpactGuru was founded by a couple of entrepreneurs, Piyush Jain and Khushboo Jain.
How does ImpactGuru make money?
ImpactGuru charges a minimum of 5% fee on the funds raised by individuals on the platform.
What is ImpactGuru funding?
ImpactGuru has raised a total of $4.5M in funding over 5 rounds. Their latest funding was raised on Mar 6, 2020, from a Seed round.
What documents are required to run a fundraiser on ImpactGuru?
NGOs: If you’re raising funds for an NGO, you will be required to submit your 12A certificate and 80G certificate. If you wish to receive foreign donations please also share your valid FCRA certificate.
Individuals (medical causes): If you’re an individual looking to raise funds for medical expenses you will be required to submit the patient’s identity details, test reports and invoice (if any), hospital/clinic name doctor’s name & contact details, beneficiary’s bank account details.
Individuals (other causes): For individuals looking to raise funds for other personal causes please share your identity proof and bank account details. It would help your fundraiser if you could provide any other documents that would validate your fundraising need.
Is ImpactGuru a legitimate site?
Yes, ImpactGuru is a legitimate and legal site.
Is ImpactGuru genuine?
Yes, all the cases are genuine. ImpactGuru itself verifies them to make sure that their platform is safe for both campaigners and donors.
With the lockdowns restrictions brought over by the Covid Pandemic, most economic activities were paused, millions lost their job and many industries faced difficulties. But there were also some industries like Online gaming, Online grocery, Fintech, Telemedicine, Ed tech, online media that were boosted due to the pandemic. Another such industry that increased two fold is the e-pharmacy or online pharmacy industry.
The e-pharmacy sector in India has grown because of the increased accessibility during a pandemic and many upcoming players like NetMeds, 1MG, EasyMedico and MedLife, Apollo Pharmacy. In 2019, the global e-pharmacy market is estimated to be more than $69.7 billion and is expected to grow 17% to more than $244 billion in 2027.
Which is why 2021 is the year for the industry, as the e-pharmacy market in India is estimated to be over $512 million in 2018 and is estimated to grow at a CAGR of 63% to reach $3,657 million by 2022. The sector is also attracting many investors as over 70% users are willing to use e-pharmacy post the pandemic, according to RedSeer survey.
In 2020, Covid 19 has pushed many consumers towards buying their medicines online. A report also shows that over 60 to 70% of the medicines that are ordered through e-pharma platforms are from chronic patients as it more affordable and accessible for them. The growth of e-pharmacy in India is evident due to the positive experience coupled with stronger adoption among low-income households.
Nowadays, many online industries are growing as people in the country are adapting to e-commerce rapidly with mobile first consumer behavior and improved digital payments infrastructure. In developed countries of North America and Europe, e-pharmacy is a flourishing market and is also structured, where the medicines are prescribed by doctors and tracked through barcoding to ensure systematic supply.
In India however, we have over eight lakh pharmacies, with pharmacies available every few kilometers. The e-pharmacies and healthcare companies have only recently grown in India because of Covid 19, improved Internet reach and smartphone penetration. The Indian e-pharmacy industry is some of well-known names in the market are Netmeds, EasyMedico and MedLife.
The growth of e-pharmacy in India
They are many startups that have also come up in the industry such as 1mg, Practo and Myra, even big retail stores like Apollo pharmacy have introduced their e-pharmacy segment.
In Indian pharmaceutical market is the third largest in terms of volume and 13th largest in terms of value. According to EY, the online pharmacy market in India is estimated to reach $2.7 billion by 2023 from $360 million which it is currently at.
In India, the retail pharma market is divided into 3 broad segments which are generic drugs, over the counter (OTC) drugs and patented products. Some of the country’s largest conglomerates and multinational e-commerce companies are looking to invest and get a foothold in this sector. For example Amazon has recently invested over $100 million in the largest Indian pharmacy chain Apollo Pharmacy.
In 2020, Reliance Retail invested Rs 620 crore to get a majority stake in Netmeds which is a chennai based startup. Tata group also acquired a a major stake in 1mg, while LGT Group and CDPQ the Canandian pension fund acquired Medlife in 2020. Even Pharmeasy is backed by the Singapore Temasek Holdings along with TPG a private equity firm from US.
Reasons behind the growth of the E-pharmacy Industry in India
Internet reach and smartphone penetration
In 2021, India has a wider internet reach because of the affordable prices of the smartphones and deployment of 4G provided by telecom providers like Reliance Jio. According to a report the number of internet users in India is said to reach 600 million by 2025. The government has also launched Digital India Program which is helping in improving broadband connectivity across the country.
Government initiatives
The Digital India Program was started by the government to digitally connect every corner of India including the rural areas and remote villages with high speed internet. The aim of this campaign was to empower citizens to gain knowledge and use the government services easily and to make people interact with the government.
Along with that, the Jan Aushadhi Program is introduced in order to ensure that the general population has access to quality and affordable medicines.
Top pharma companies in India
The increased preference towards online shopping
In the times of global pandemic, online shopping has gained a lot of popularity. This is because it is more convenient to get products delivered at home, while abiding the lockdown restrictions. Online shopping for essentials and medicines is growing at a fast pace.
Growing awareness about fake drugs
E-pharmacy has more stringent tracking mechanism when it comes to eliminating middlemen and the risk of counterfeit and sub-standard drugs.
The change in the disease patterns in India
In the last 25 years, the focus has shifted from communicable to non-communicable diseases. The disease pattern has shifted towards chronic diseases which has also lead to the increase in the demand for daily medicines. E-pharmacies provide medicines to the chronic disease patients at a lower cost than compared to retail pharmacies.
Better healthcare financial services
There has been a steady growth in the Indian financial industry, there are now better options for health insurance policy, life insurance policy, family and retirement plans, cashless claims and ease of accessing them online. These services have increased the healthcare spending which, in turn, has benefitted the online pharmaceutical industry.
The increase in domestic demand
There is an increase in the domestic demand because of growth of in capita income, changes in lifestyle due to urbanization and rise in literacy levels. Which is why the demand for advanced medical treatment is expected to increase along with the demand for pharmaceutical products.
E-pharmacy is more convenient than compared to retail pharmacy stores especially in the time of a global pandemic as the people can order their medicines from the comfort of their homes through any gadget that supports internet. This is also helpful for the elderly and patients that may not be in a condition to go find a pharmacy store.
Increased accessibility
Some medicines are hard to find in retail pharmacy stores, which is why e-pharmacy makes it more accessible to find those medicines. Retail Pharmacy only have limited stock and are expensive making it difficult for the people from the rural areas to buy medicines. E-pharmacies make it more accessible for the rural population to buy medicines.
Benefits of E-pharmacy
Lower cost
The biggest advantage of e-pharmacy is that it provides medicines at a lower cost because it has small working capital, less overhead costs, increasing margins.
E-pharmacy provides improved information
E-pharmacies usually provide value added information to consumers such as the side effects, medicine reminders, information on cheaper substitutes. It also links it to medical resources like universities, government agencies and other health association.
Authentic medicines
All medicine purchases through e-pharmacy platforms are stored digitally, making it easy to track the supply chain. This reduces the risk of fake medicines, drug abuse, and even self-medication.
The e-pharmacy market in the country is unregulated, this is because of the absence of a clear regulatory framework from India’s policymakers. The industry must be regulated because it involves the health of people.
The investors who invest in the e-pharmacy companies are also concerned about the lack of regulations in the sector. This is why a set of regulations for e-pharmacy must be implemented at the earliest.
Lack of technical Infrastructure
The key factor behind the success of any industry is a strong technical infrastructure. Even though smartphone and internet penetration rates are increasing, the rural population still don’t know about e-pharmacy and how to use it.
No awareness in the rural areas
There is huge gap between the rural population and online services like e-pharmacy. This is because people in the rural areas and remote villages lack internet connectivity and still don’t have gadgets that can access internet leading to poor connectivity.
E-pharmacies is unfavorable in the times of emergency
The one disadvantage of e-pharmacy is that when medicines are needed in emergency retail pharmacies, as e-pharmacies take more time from ordering to the delivery of the medicines. Hence why e-pharmacies are more suited for pre-planned purchases only.
Netmeds is currently one of the biggest players in the e-pharmacy industry. It provides a huge variety of medicines, healthcare products and drugs. It is one of the most popular Indian website to buy medicines online.
The company was founded in 2015 and now has a pan India presence, offering prescription, over the counter drugs and wellness products. The customers can set up their subscription for the medicines to be delivered every month and buy healthcare products such as skincare, family care, and baby care among others.
Practo
Practo is one of the most reliable online medical stores. It also has a huge catalog of medicines and healthcare products. The app offers its services to more than 100 cities and also connects millions of patients with thousands of healthcare providers around the world.
The company was founded in 2009 and has over 1,00,000 listed doctors from 310 towns and cities. The app also offers its customers to have an automated prescription refill option, allows them to check their medicine order and reorder what they want.
Top e-pharmacy websites in India
1mg
1mg is the country’s leading digital consumer healthcare platform. This app offers its delivery services to more than 1000 cities across the country. Its customers can order medicines and health products through the website and get it delivered at home from licensed pharmacies.
It also provides accurate and trustworthy information on medicines. The best part about the app is that the customers can enter the names of the medicines needed and get cheaper alternatives with the same compound. The app also offers health tips according to the medicines you order.
PharmEasy
PharmEasy is a well-known health tech startup that offers services such as online doctor consultation, medicine deliveries and diagnostic test sample collection. PharmaEasy offers more than 1 lakh products and even delivers it within 24 to 48 hours across 1.2k plus cities all across India. The app allows schedules reminders monthly and even cash on delivery services.
Apollo Pharmacy
Apollo Pharmacy offers more than 5000 products in various categories online and is also accredited an international quality certification. Apollo pharmacy over 3500 plus offline pharmacy outlets across the country.
The advantage of ordering medicines from Apollo is that the customers can order it 24/7 and get the medicines delivered on time and at their doorstep.
Medlife
Medlife is another popular online pharmacy in India that was founded in 2014. Medlife is easier for ordering medicines as the customers can just upload their prescription, confirm it on call and get the medicines delivered at their doorstep. If the customer does not have a prescription, they can also consult a Medlife doctor.
Netmeds, Medlife, Apollo Pharmacy, PharmEasy, and Practo are the top 6 e-pharmacy companies in India.
What are the challenges faced by the E-pharmacy Industry in India?
E-pharmacies is unfavorable in the times of emergency, No awareness in the rural areas, Lack of technical Infrastructure and Legal challenges are some of the challenges faced by the E-pharmacy Industry in India.
What are the benefits of E-pharmacy in India?
Convenience for consumers, Increased accessibility, Lower cost, Improved information e-pharmacy and Authentic medicines are the benefits of E-pharmacy in India.
What are the reasons behind the growth of the E-pharmacy Industry in India?
Internet reach and smartphone penetration, Government initiatives, The increased preference towards online shopping, Growing awareness about fake drugs, The change in the disease patterns in India, Better healthcare financial services and are the reasons behind the growth of the E-pharmacy Industry in India.
How big is the e-pharmacy industry in India?
In 2021, the e-pharmacy market in India is estimated to be over $512 million in 2018 and is estimated to grow at a CAGR of 63% to reach $3,657 million by 2022.
Conclusion
With the current situation of the global pandemic and the changing seasons, online pharmacies are the best option to buy your medicines. As the people will not have break the lockdown restrictions and go out to buy medicines from the local medical store.
Online pharmacies are more convenient as the medicines are delivered safely and at the comfort of your home. E-pharmacy is cheaper than compared to the retail pharmacies and it’s also offers discounts and cashback. The industry is said to increase two-fold in coming years and become one of the biggest industries.
Prathap C. Reddy is a cardiologist and an Indian entrepreneur who founded the first Indian hospital chain, Apollo Hospitals based in Chennai, India. He is the Founder Chairman of Apollo Hospitals. He was ranked 48th in the 2017 list of India’s 50 most powerful people by India Today. He once explained how he steered India’s bureaucracy to the country while getting interviewed at the Harvard Business School for Creating Emerging Marketing. He is also the Founder of Lanka Hospitals, located at Baseline Road near Central Colombo. As of 2020, he has an estimated net worth of $500 million.
Prathap C. Reddy- Biography
Name
Prathap Chandra Reddy
Born
5 February, 1933
Birthplace
Chittoor, Andhra Pradesh, India
Age
88 (2021)
Nationality
Indian
Education
Stanley Medical College, Chennai; Madras Christian College
Profession
Physician; Businessman
Position
Founder Chairman of Apollo Hospitals; Founder of Lanka Hospitals
Net worth
$500 million (2020)
Awards
Padma Vibhushan (2010 ); Padma Bhushan(1991)
Biography
Healer: Dr. Prathap C Reddy and the Transformation of India by Pranay Gupte
Prathap was born in Aragonda, Madras Presidency, British India (at present, Chittoor, Andhra Pradesh, India). He likes to meditate and pray and is highly influenced by mythology, astrology and godmen.
He has four daughters, Preetha Reddy, Sangita Reddy, Suneeta Reddy, and Shobana Kamineni. They all work as the directors in the Apollo Hospitals. His grand-daughter, Upasana is married to one of the most popular actors in Telugu cinema, Ram Charan.
Prathap C. Reddy- Education
Prathap pursued his medical education from Stanley Medical College in Chennai. He further worked at Massachusetts General Hospital. He also practiced medicine at Boston Missouri State Chest Hospital, USA.
Prathap C. Reddy- Professional Life
Prathap is an entrepreneur and pioneer from a very young age. He made a cardinal business mistake while expanding it to Sri Lanka. When two of his daughters wanted to become doctors, he discouraged them. And, now he wants one of his grandsons to become one.
While working at Massachusetts General in Boston, he was once slapped by a patient enraged at being treated by an Indian doctor. He is so humble as a doctor that he requested the director not to take any action against the patient. He further founded Apollo Hospitals and Lanka Hospitals.
Prathap C. Reddy- Founder of Apollo Hospitals
Apollo Hospitals
Prathap founded Apollo Hospitals in Chennai in 1979. He serves as the Founder Chairman of the chain of corporate hospitals and it grew to 38 owned and 13 managed, treating patients from 120 countries. Under his leadership, Apollo Hospitals created opportunities that brought Indian doctors settled abroad back to India.
He cordially invested in technology and helped specialists to advance professionally. He worked to built a soothing environment into Indian hospitals with the implementation of emergency services and a culture of competence.
Prathap C. Reddy- Founder of Lanka Hospitals
Lanka Hospitals Logo
Prathap founded the tertiary care hospital, Lanka Hospital in Sri Lanka and it is one of the largest hospitals in the country. It is a subsidiary of the parent company, Sri Lanka Insurance Corporation.
Lanka Hospital was previously owned by Apollo Hospitals. The hospital was enlisted in 2002 as a branch of Apollo Hospitals. However, Sri Lanka Insurance took the hospital in 2006. The hospital was cordially renamed in 2009 abiding by the licensed and support services agreement with Apollo Hospital.
