Tag: healthcare

Top 18 Healthcare and Pharma Startups in India 2022
The hunger for success makes you forget about health. You might be engrossed with your startup but don’t work yourself to death for a bright entrepreneurial future. A wise man once said that health is wealth.

The healthcare sector is growing rapidly in the Indian landscape, in terms of revenue as well as market share. The Indian healthcare industry pegged at $100 billion is expected to grow by 23% by 2020 to $280 billion. This growing market has given rise to many health-tech startups in India. They cater to various healthcare segments, help book appointments, sell medicines online, and operate as a commercialized unit of the venture.

We have also covered a list of Pharmaceutical Startups in India.

In this post, we take a look at some prospering, promising, and growing health startups in India. Here is a list of healthcare companies in India:

List of top pharma startups in India

Netmeds
ImpactGuru
Docplexus
Mera Medicare
3Hcare
Ekincare
Practo
PharmEasy
AddressHealth
Consure Medical
DocTalk
HealthKart
BeatO
Niramai
CrelioHealth (formerly LiveHealth)
Lybrate
Criador Design Labs
Green Cure Wellness

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Netmeds

Netmeds Website

One of the biggest healthcare startups in India, Netmeds is an online platform that has firmly established itself as India’s leading online pharmacy with millions of active customers and deliveries to more than 19,000 PIN codes. It is also called ‘India ki Pharmacy’ and offers streamlined shopping for medicines and other healthcare products through its 24×7 online portal and mobile app.

Netmeds is supported by over 14 logistics centers spread across the country. Netmeds has a multilingual voice, chat, and email customer care center and a team of licensed pharmacists who receive, digitize, and approve millions of handwritten prescriptions.

In 2018, Netmeds had 3 million downloads and grew to more than $512 million; it is projected to top $3.645 billion by the year 2022.

ImpactGuru

ImpactGuru Website

ImpactGuru is a tech-for-good platform founded with a vision to make healthcare accessible to all and save more lives. It provides comprehensive crowdfunding solutions to empower individuals, NGOs, and social enterprises to raise funds for medical emergencies and other similar causes.

Docplexus

Docplexus Website

Docplexus is a platform for doctors where they can create their own communities and discuss problems with other doctors from all around the world. Founded by Phanish Chandra, an IITian, Docplexus has more than 2,75,000 Doctors as its members. It is a free platform; however, one needs to be a licensed doctor to create an account on DocPlexus.

Mera Medicare

MeraMedicare Website

Founded by Pankaj Gupta, MeraMedicare is a healthcare startup. MeraMedicare provides home delivery of medicines in 2 to 12 hours with a 15% discount on almost all medicines. It is a reliable and hassle-free option for ordering medicines.

3Hcare

3Hcare Website

3Hcare is a Delhi-based healthcare startup. It is an online marketplace for healthcare services. 3Hcare provides detailed information on healthcare services across India. Users can simply log on to 3Hcare’s website and find out about diagnostic centers and hospitals as per their requirements. The name “3Hcare” stands for “Help, Health, and Happiness” and signifies the startup’s vision to help people maintain their health and happiness.

Ekincare

Ekincare Website

Ekincare is one of the most innovative health-tech startups in India. Ekincare provides people with the facility to save their medical documents and access those documents anytime from anywhere. Ekincare keeps your data secure and also lets you understand your medical data in a simplified manner through graphical charts and visuals.

Practo

Practo Website

Practo is one of the world’s leading healthcare platforms and an independent medical website that focuses on patients connects millions of patients with healthcare providers and doctors around the world and helps people make better healthcare decisions.

Practo helps its consumers manage healthcare requirements such as searching for healthcare experts, booking an appointment with doctors, online doctor consultation, getting their tests done, and ordering medicines online. Practo is a patient-focused medical website and has over 1 lac doctor profiles from all over India and Singapore. Practo is a free service for the patients and the doctors.

Practo also provides its users with a diagnostics search feature on its web-based platform through high-quality photographs and filter options. It lets users manage their reports and medical data using the app.

Practo is a Bangalore-based health-tech startup launched in 2008. Practo was founded by Shashank ND and Abhinav Lal. They built the software platform to digitize their health records and facilitate online consultations.

PharmEasy

PharmEasy Website

One of the top healthcare startups in India, PharmEasy is a Mumbai-based pharma platform founded by Dharmil Sheth in 2015 .PharmEasy is led by Bessemer Venture Partners and Orios Venture Partners. It is one of the most successful healthcare startups in India. PharmEasy is currently operating in seven cities—Delhi, Mumbai, Bengaluru, Kolkata, Pune, Jaipur and Ahmedabad—and has over 150 partner vendors.

It was launched with a vision to deliver medicines at affordable rates by optimizing supply chain and logistics. PharmEasy now serves more than 100,000 families. The PharmEasy app lets users place orders with just three clicks and re-ordering can be done in one click. It plans to build an ecosystem using technology to connect patients, pharmacies, doctors, diagnostic centers, and healthcare service providers so that each can interact with the other hassle-free. PharmEasy also connects pharmacies spread across the cities, towns, and villages of India.

AddressHealth

AddressHealth Website

AddressHealth was founded by Anand Lakshman in 2010 to ensure that every child attains a state of positive health. AddressHealth is India’s first one-stop-shop for pediatric primary healthcare services.

AddressHealth presently operates three clinics in Bangalore and provides comprehensive pediatric healthcare through clinics and schools for children and adults. AddressHealth has partnered with the government in the MR Vaccine program. AddressHealth reached out to 300,000 students through schools till 2017. It received funding of $1.5 million in series A from Grey Matters Capital and Unitus Seed Fund.

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Consure Medical

Consure Website

Consure Medical is a Delhi-based company founded by Nishith Chasmawala and Amit Sharma in 2012. It is an emerging medical device company that focuses on developing and commercializing novel critical care technologies for 80% of the global population that does not have access to subsidized healthcare. Consure Medical delivers fecal incontinence therapy devices.

Consure Medical delivers a solution for fecal containment to assist bedridden patients. Qora is an applicator inserted into the anal cavity to provide a pathway for stool diversion with very little leakage. It offers Qora stool management kit which contains an indwelling fecal drainage device for the management of fecal incontinence and can be used across a continuum of care facilities, from ICUs to nursing homes. The company is also operational in San Francisco, California.

DocTalk

Doctalk Website

DocTalk is a Mumbai-based healthcare software application to store medical reports and prescriptions and share the same with your doctor. It was founded by Akshat Goenka and Vamsee Chamakura in 2016. DocTalk provides an AI-based virtual assistant application to simplify the healthcare ecosystem of India.

It allows patients to safely save all their medical reports and files on the cloud which can then be accessed from anywhere digitally.

HealthKart

Healthkart Website

Healthkart is a Gurgaon-based company founded in 2011 and offers various fitness products and services to help consumers achieve their fitness goals through its e-health store. It is one of the biggest medical e-stores in India. Healthkart offers various healthcare products such as nutrition supplements, diabetes supplies, home medical devices, and baby care products. These products can be ordered online and are delivered by HealthKart personnel to ensure safety. The healthcare platform was initially launched as a website and a mobile app that would function as a generic drug search portal. It has now become a marketplace for customers to search and purchase much more than just prescribed drugs.

Approximately 80-90% of the supplements sold in India are imported from developed countries like the US and Europe. Heavy customs duty on supplements attracts large amounts of parallel or unethical imports. Given these products have been illegally imported into the country, sourcing information is not available and thus quality becomes a question. HealthKart provides 100% authentic products to its customers by maintaining:
- Tight control over the supply chain.
- Quality control during distribution.
- 14 days hassle-free return policy.
The company has also launched FitUp which is an app for health and fitness supplements. It offers free assistance and nutrition counselling.

BeatO

BeatO Website

Founded for diabetes patients, BeatO provides a convenient and smart device to measure blood sugar levels. You can use them with your smartphone by putting it in the headphone jack and using the strip to measure your blood sugar level. After you measure your blood sugar, it offers you suggestions and shares the results with BeatO’s experts if medical intervention is needed.

Niramai

Niramai Website

Founded in 2016, Niramai wants to minimize fatalities attributed to breast cancer. Breast cancer, which most females take for granted in the initial stages, is one of the most common forms of cancer among women. To make it easier to detect breast cancer at an early stage and that too at a lower cost, Niramai uses thermal analytics and artificial intelligence. The technology is mobile; therefore, offering ease of access and usage.

CrelioHealth (formerly LiveHealth)

CrelioHealth Website

Founded by Abhimanyu Bhosle and Mukund Malani in 2013, Live Health makes it easy for healthcare providers to provide their services. Live Health makes the process for labs easier as they can access the information and reports of their patient online. Live Health also helps clinics and labs with operations, marketing, administration, etc. Through Live Health, labs and clinics can focus on their internal processes and the patients instead of worrying about business factors.

Lybrate

Lybrate Website

Available in 4 cities, Lybrate helps find the perfect doctor near you. Many times, a doctor’s visit isn’t out of necessity but for one’s satisfaction. To save your time as well as of the doctor’s, you can consult the doctor on Lybrate. There are more than 1,50,000 professionals who will help you with Lybrate.

Criador Design Labs

Criador Design Labs Website

Criador Design Labs was founded by Abhishek Reddy and Hitesh Devara in 2017. Criador Design Labs is a product design firm that develops new, innovative hardware technology products for consumer healthcare sectors.

The latest product by Criador Labs is EVE Health, a smart water bottle designed to improve medication adherence amongst patients with chronic diseases. It helps patients to stay aware of their dosages and reminds them when it’s time to take their medication. The bottle holds a patent-pending technology with sensors tracking medication intake and a Wi-Fi chipset sending live data to the servers. The data is analyzed and custom notifications and reports are sent to caretakers, hospitals, and insurance companies for taking appropriate actions.

Green Cure Wellness

Green Cure Wellness Website

Green Cure Wellness is one of the leading health startups in India founded by Sanchit Garg in 2015. Green Cure Wellness manufactures herbal personal care and health care products of international quality. It has a team of scientists in Germany who develop high-quality formulations adherent to the European norms.

Germany is the world’s leading technology hub for herbal and natural products. Green Cure leverages the age-old wisdom of Ayurveda coupled with German expertise to manufacture products that are free from side effects.

Top 14 Healthcare Business Ideas in India [2021]

As the healthcare field is growing rapidly and so are the businesses and startups. Here’s the curated list of the best healthcare business Ideas.

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Conclusion

Health is imperative for success in all aspects of life. The concept of startups is trending today and trends tend to change the world. So healthcare startups, without any doubt, are a significant game-changer.

FAQs

How many healthcare startups are there in India?

There are nearly 5,295 health tech startups in India.

What are health tech startups?

Health tech startups are startups that have an online platform to provide healthcare solutions such as healthcare products, medicines and diagnostic tests.
March 19, 2022
Importance of Standardization and Centralisation of Resources to Tackle the Medical Needs of Society

The article is contributed by Karan Gupta, COO & Co-founder of Ayu Health Hospitals

As an entrepreneur, finding solutions to real-world problems has always been my calling. There is a visible opportunity to do so in the area of the Indian healthcare system. While the overall healthcare infrastructure across the country has also developed during the pandemic there is a lot more that can be done to cater to the middle-class population of the country which arguably forms the largest percentage of the population.

The latest “Healthy States, Progressive India” report by National Institution for Transforming India (NITI Aayog) showcased state-wise ‘Health Index’ for Indian states and union territories. The report provided insights on the health outcomes, governance and information, and key inputs and processes involved. The summary of the report showed that among the larger states – Kerala, Tamil Nadu, and Telangana were considered as the best performers. However, it should also be noted that 50 percent of larger states did not even reach the halfway mark in terms of the ‘Composite Index Score’ for overall performance. The report also clearly showcased that there is a clear disparity between urban and rural healthcare as well as a difference in the quality of healthcare provided by the private and state healthcare facilities. A few areas of opportunity that could improve the healthcare system and bridge these gaps are:

Building Awareness

A large part of the country has people who are unaware of the importance of regular health check-ups. Currently, people visit the hospital only once in a couple of years when they notice a condition. By the time they notice it, the condition might have worsened. Educating them about the benefits of regular checkups to preempt the condition from worsening is important.

Access to Healthcare

Having a healthcare facility that can provide all the necessary treatments as well as diagnostic and medication support at a short distance from one’s residence is the need of the hour. Such a facility will provide regular care to the people in that locality resulting in a highly productive workforce that will, in turn, add to the growth of that locality.

Healthcare Staff

Adequately trained doctors, nurses, and technicians are a necessity for every healthcare facility to become successful. Such well-trained healthcare staff should also be supported by additional members who manage and maintain all the non-medical aspects of the hospital including – administration, procurement, logistics, etc.

Affordability and Pricing Transparency

Multiple reports show that 75% of the people in the country don’t have medical insurance and have to pay for healthcare from their pockets. One of the main reasons for the general public’s distrust in private hospitals is the contrast of the amount that one needs to pay at the end of treatment vis a vis the amount quoted by the hospital before the procedure. Added to this is the difference in pricing that is provided to insured vs. uninsured patients, which is further followed by the fluctuations in pricing based on the availability of facilities and seasonality of the disease. Providing clear costs upfront to the patients will help in preparing the patient’s family for making an informed decision about the options that they have.

Confidence to Make a Pragmatic Choice

The internet, friends and family, doctors- are all sources from which people get information about their condition and the route they should take to cure themselves. However, the amount of information and the difference in the advice from each of the sources makes it difficult to decide between treatments, hospitals and doctors. Standardizing the right information about the condition, course of treatment, price, infrastructure, and the facility to avail themselves of second, third, fourth, as many doctor opinions as they need to decide on the right way forward would empower people to make the right choice with confidence.

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Conclusion

Many of these problems in the current healthcare system can be solved with the help of technology that can standardize treatment protocols and centralise resources. With the points listed above, the healthcare setup in the country can attempt to solve many of the discrepancies through standardisation of care resulting in consistent health outcomes. This will further build better awareness amongst the patients and caregivers. Patients have the right to gather all the relevant information throughout their in-patient journey. Such transparency will rebuild the public’s trust in the healthcare system of the country and will also provide them with all the necessary information that they may need regarding the treatment options that are available to them and the most affordable price that they will have to pay for it.

March 13, 2022
Top 10 Business Ideas to Start in UAE
As an entrepreneur, one must always think and plan to expand his or her business and always be on the lookout for opportunities. These opportunities can be in your home country or the land the of wealthy, UAE. The lifestyle in the UAE is posh and lux since it is home to some of the wealthiest people in the world.

Trading or manufacturing quality goods or providing worthy service can take to new financial heights as people here are willing to spend money on quality goods and services. With a growing population, needs are increasing and so are the opportunities.

Top 10 Business Ideas to Start in UAE
How to start a business in UAE

Top 10 Business Ideas to Start in UAE

If your wish to start your business in the UAE, below are some best business ideas that you can choose from.

Construction Agency

Constriction Business in UAE – Business ideas in Dubai

A Construction Agency in the UAE can be one of your best bets if wish to start a new business. Due to numerous foreign investors seeking residential opportunities in Dubai and booming real estate has led to increased opportunity in the construction sector. Your agency can build for residential as well as commercial projects. It is one of the most profitable ventures in the UAE.

Real Estate Agency

Real Estate Agency in UAE – Business ideas in Dubai

Real estate has one of the greatest business opportunities in Dubai. There is almost a race going on for skyscrapers. The main reasons for this include increasing rent moderation, supply, and changing demand for executive positions in the employment market. Therefore, it could be a great opportunity for real estate entrepreneurs to initiate a real estate business in the UAE, especially in Dubai

Business in Health Sector

Healthcare Business in UAE – Business ideas in Dubai

The UAE has reported higher birth rates, increased life expectancy, a rapidly shifting epidemiology profile, and a rise in the incidence of noncommunicable diseases. All these factors, combined with a shortage of healthcare workers, and low insurance penetration rates, create bright opportunities for firms looking to enter the health care sector in the UAE.

Many big players in the health sector of UAE from the Gulf Capital itself and also London have seen splendid numbers in revenue. The investment bank Alpen Capital has estimated the healthcare spending in the UAE to expand by 13.1% annually in the next four years. This means that entrepreneurs looking to enter the healthcare sector in the UAE can have a healthy future.

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Consultancy Service

Consultancy Business in UAE – Business ideas in Dubai

With the increasing number of businesses in the UAE, the need for consulting services is at an all-time high. Most of the companies in the UAE are new and at the incubation phase so they require advisory for efficient resource management.

These companies generally outsource their planning and strategy to skillful consultants for more accurate and achievable solutions. Therefore, starting a consultancy can be very profitable since there’s no scarcity of clients in the UAE marketplace.

Beauty Brand or Store

Beauty Store Business in UAE – Business ideas in Dubai

The UAE is the land of wealthy consumers that are very much interested in beauty products. It is one of the best marketplaces for luxury beauty brands to thrive and trader to generate amazing sales. People are willing to spend their money on expensive products if they’re worth it.

The diverse market has many options to choose from. Skincare, Makeup, Haircare, and Fragrances back their seller with great profits. Fragrances constitute a major chunk of the revenue as it is widely used in UAE. If you manage to build a great collection, there’s no limit to what you can achieve.

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E-commerce Solutions

E commerce business in UAE – Business ideas in Dubai

The Covid-19 pandemic proved to be a catalyst in the growth of the online business sector. It accelerated the growth of e-commerce to new heights. Just in the initial months of 2020, UAE saw a 300% increase in the demand for e-commerce among its customers. Thus, a company to provide easy ways out to such business owners are bound to make profits.

Since many established brands are tilting towards e-commerce, it inevitable that they’re going to need expert solutions in the process which such companies are going to provide.

Fish Farming

The UAE primarily depends on imports to meet its food supply demands. To ensure food security, the government is encouraging foreign and local investments in aquaculture developments. They are willing to provide several incentives for the sector, along with fingerlings of local species, curating aquaculture frameworks, reducing institutional and investment constraints, and mapping out suitable sites for development.

These incentives are coupled with the gradual increase in fish prices have made aquaculture in the region an attractive investment and business proposition.

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Recycling

Recycling Business in UAE – Business ideas in Dubai

Recycling is a relatively infamous yet profitable business. People have made millions in waste. Retail outlets in malls and high-end stores undergo a revamping procedure every two to three years as part of a clean image campaign. This creates opportunity and revenue for contractors.

UAE government is working towards supporting such businesses as they need to manage their overall waste generated each year. Recycling also has great potential in the construction sector as it accounts for 60-70% of the total waste generated.

Security Service

Security service business in UAE – Business ideas in Dubai

There are Security Companies in the UAE that protect the people, private properties, and government entities. It is a profitable business option as there will always be a demand for security guards in the UAE. But you need to decide on a free zone or mainland setup.

If you choose to establish your business in the mainland, you can freely trade with the local market. You can bid for government contracts that can be quite lucrative. On the other hand, is a free zone, you get 100% exemption from customs tax.

Jewellery Making

Home to numerous wealthiest individuals from the world, UAE is the perfect place to line up a jewellery company. The government has created specific rules and regulations to impose check-ups on those who bring gold or other valuable metals which are sold within the Dubai Souk.

The UAE jewellery market had grossed 12 billion dirhams by 2020. Dubai leads the UAE jewellery market as it has tourists who find it cheaper than their home countries and enjoy an outstanding range of exquisite jewellery.

Conclusion

These were some fields in which you can make great profits in the UAE. With supportive laws, some of these sectors can also be sustainable in the long run. Rising demands are creating a market for new businesses that generate great sales and build a strong customer base. You too can establish a successful business in the UAE if you play by the rules, understand the culture, and offer quality service.

FAQs

Which business is profitable in UAE?

Real estate, Business Consultancy and Healthcare are some of the profitable business ideas you can start in UAE.

Is UAE good for business?

Low tax rates, low import duties, free trade agreements, state of the art infrastructure, and a lot of other benefits makes the United Arab Emirates (UAE) a great place to start a new business.

Can a Foreigner start business in Dubai?

Yes, Any Foreigner can start a business in Dubai.
February 7, 2022
Case Study on FirstCry – How it Identified an Untapped Opportunity
While shopping for a child, one needs to be much more careful than shopping for an adult. The products have to be good and hygienic enough to be used by a kid after all every parent desires to provide their kids with the best things in the world. Extra precautions are taken whenever there is a child involved, the same goes with shopping, doesn’t matter, if you are doing it offline or online.

The E-commerce business in India has been thriving for over a decade. Now a day’s most of the shopping is done online, especially after the pandemic, people started indulging themselves in doing most of their business online.

Amongst hundreds of online shopping sites, Flipkart, Amazon, Myntra are some that are well known in this industry. Apart from all these, we also have different E-commerce sites that specially deal with the products of babies, kids, and mothers. One will find anything that a child and their parents can need in for them in here.

One of them is FirstCry, this offline and online store is said to be the largest store in Asia containing newborn babies and kids products. In this article, we will talk about the brand FirstCry and everything about it. So, let’s dive in.

“Ecommerce isn’t the cherry on the cake, it’s the new cake” – Jean Paul Ago

History and Journey of FirstCry
Brands and Products of FirstCry
Business Model and Revenue Model of FirstCry
Goals, Challenges, Solution, and Competitors of Firstcry
FAQ

History and Journey of FirstCry

FirstCry was founded in the year 2010, on the month of September by Amitava Saha, Sanket Hattimattur, Prashant Jadav, and Supam Maheshwari. The main goal of the startup was to provide the best brands of baby care products to babies and their parents.

Any and every type of kids’ products can be found here, diapering, nursery products, apparel, toys, skincare, healthcare, and so many other things. Over 200k products can be found in FirstCry both from Indian and International brands.

FirstCry started its journey at a time when baby care products were not available to buy online. At that time, there was a big need for an online platform that will provide products for kids, so the founders sees an opportunity in this and launched FirstCry, the first online platform that is solely dedicated to kids.

Two subsidiaries Babyhug and Cutewalk are under FirstCry as well, a clothing label and a footwear label respectively. The headquarters of FirstCry is located in Pune, Maharashtra, India, and the company has more than 380 stores all over India. In 2019, FirstCry launched its first official outlet in Srinagar. It has more than 150 franchises in over 100 cities in India now.

Firstcry Store

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Brands and Products of FirstCry

As mentioned before any and every kind of babies and kids products are available in FirstCry. Some of them are:

Food Products by Firstcry
- Chocolates
- Candies
- Sweets
- Breakfast and Cereals
- Snacks
- Jams, Spreads, and Ketchup
- Milk powder containers
Diapering and Baby Care Products by Firstcry
- Diapers
- Baby Wipes
- Diaper Bags
- Diaper Changing Maps
- Bed Protectors
- Potty Chairs and Seats
- Baby lotion
- Baby Shampoo
Apart from all these clothes, fashion accessories, footwear and toys are also available here.

Business Model and Revenue Model of FirstCry

FirstCry followed the Online-to-offline (O2O) business strategy which means it opened physical stores to attract its online customers to shop from their offline outlet as well.

FirstCry took an initiative and tied up with different hospitals all across the country; where whenever a baby gets delivered the parents receive ‘FirstCry Box’ as a way of saying Congratulations. Through this initiative, FirstCry was able to promote the brand in front of millions of new parents. The conversion rate was extremely high through this.

Supam Maheswari with Firstcry Gift Box

After adopting the hybrid business model, it is focusing on expanding the offline stores. They are also making money through products from BabyHug and Cutewalk.

Currently, the revenue of FirstCry is INR 897 Crores, and with its value of $1.9 Billion, it has added its name to the list of Unicorns in India. As of 2021 FirstCry has over 2000 employees working for it.

Goals, Challenges, Solution, and Competitors of Firstcry

The growth of a company is necessary and it can only be done when they fulfil all their goals and overcome all the challenges.

Goals of FirstCry

There are some aims that are the prime focus of FirstCry and they are:
- The first goal is to increase the number of orders placed for the products.
- Pursue the customers so that they can repeat their purchases.
- To increase the average order value.
- To increase customer engagement.
Challenges of FirstCry
- The unorganized market is quite a problem.
- Understanding the wants and behaviour of the parents is a hurdle here.
Solutions

To solve the challenges they have taken some steps and they are:
- To understand the behaviours of the parents, a feature called Funnel analysis is being used.
- Based on the purchase history and the behaviour of the users, products are recommended to them.
Competitors of Firstcry
- Pampers
- Johnsons
- Huggies
- Himalaya Baby Products
- Chicco Baby Products
- MamaEarth Baby Products
- Mamy Poko
- Libero
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Conclusion

FirstCry learned the necessary techniques including user engagement pretty well, which lead to fulfilling their goals of repeated purchase and the increase in average order value. FirstCry now has experienced 10 million downloads on the Google Play store.

Being an E-commerce site specializing in baby products is actually a huge responsibility, especially when you are the first one to do that in the country. FirstCry does whatever they can to keep up with the name of being Asia’s biggest store that provides every kind of baby care product.

FAQ

Who is the owner of FirstCry?

FirstCry was founded by Supam Maheshwari and Amitava Saha.

Is FirstCry an Indian company?

FirstCry is an Indian online store for baby products. It was launched in the year 2010.

Is Babyhug owned by FirstCry?

Babyhug is an in-house brand of FirstCry.
February 2, 2022

MedPlus – Story of India’s Second Largest Omni Channel Pharmacy

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 MedPlus.

There are millions of businesses in the world but not all of them carry equal importance. Some may be for entertainment, some for food, essentials, knowledge development, etc., but a basic requirement for running all the above businesses is our health. A place/business that helps us in taking good care of our health next to hospitals are the pharmacies. Carrying such importance, this industry has always seen growth. Now, by combining technology and healthcare needs, the pharmaceutical industry is enhancing itself to provide better and quick healthcare assistance to people.

MedPlus is one such pharmacy retailer offering multiple health services. They provide services like path labs, optical stores and physician consultation services, in addition to selling prescription medicines. MedPlus was established in 2006 by Madhukar Gangadi. Here, in this article, is the formation and growth of MedPlus along with its funding history, business and revenue models.

MedPlus – Company Highlights

Name of the Company	MedPlus
Headquarters	Hyderabad, India
Industry	Pharmacy
Founder	Madhukar Gangadi
Founded	2006
Total Fund Raised	$317.7 million
Website	medplusindia.com

MedPlus – Latest News
MedPlus – About
MedPlus – Industry
MedPlus – Founders and Team
MedPlus – Mission and Vision
MedPlus – Business and Revenue Model
MedPlus – Challenges Faced
MedPlus – Funding and Investors
MedPlus – Growth
MedPlus – Competitors
MedPlus – Future Plans
MedPlus – FAQs

MedPlus – Latest News

December 23, 2021 – Shares of MedPlus were listed on BSE and NSE on 23rd December. They were made available at a premium of 31 per cent. But the price ended at a gain of more than 40%, which is considered a big jump for MedPlus’s debut trade.

December 13, 2021 – The IPO subscription of MedPlus Healthcare Services opened on December 13. Though aggressive pricing has been followed by the company for its IPO, investors showed ample interest in the bidding. Almost 70% of the issue was subscribed on Day 1.

MedPlus Health Services IPO

MedPlus – About

MedPlus is an omnichannel pharmacy retailer offering healthcare services in India. The company sells medicines on prescriptions, FMCG products, nutritional supplements and many more. MedPlus also offers optical solutions and other medical consultation services in the country. It is based in Hyderabad and is the 2nd largest pharmacy chain in India, next to Apollo Pharmacy.

MedPlus, during its initial stages, operated under the name ‘Aushadi’. It was renamed ‘MedPlus’ after expanding its operation to over 48 retail stores. MedPlus Mart is the e-pharmacy store through which the company sells medicines online.

MedPlus – Industry

MedPlus belongs to the Pharmaceutical Industry. The pharmaceutical industry involves dealing with research, development, marketing and sales of medicines and drugs. They aim at preventing, protecting and curing the illness. The industry also deals with medical equipment and generic medications.

India’s pharma industry is huge. It is the largest supplier of generic medicines and ranks 3rd by overall production in the world. India meets the vaccine demand of the world by 50%, the generic medicine demand of the US by 40% and the UK by 25%.

MedPlus – Founders and Team

Madhukar Gangadi - MedPlus Founder — Madhukar Gangadi – MedPlus Founder

MedPlus was founded by Madhukar Gangadi in 2006 in Hyderabad. He has also served as the Chief Executive Officer of the company since its inception. Gangadi has an MBA degree from the Wharton School. He also earned a bachelor’s degree in medicine and surgery from the Sri Venkateshwara University. He used his experience in both healthcare and entrepreneurship to start MedPlus. The other core team members of MedPlus are:

Bhaskar Reddy Cherukupalli – COO (Retail stores)
Surendranath Mantena – COO (MedPlus Mart)

MedPlus – Mission and Vision

MedPlus Logo

MedPlus runs with a mission to turn itself as the customer’s first choice when it comes to medicines and healthcare. The company wants to understand the customer’s needs and exceed their expectations as much as possible. MedPlus has the vision to bring about a revolution in the healthcare industry in India.

MedPlus – Business and Revenue Model

MedPlus is an omnichannel platform that provides services through both retail stores and online platforms. The company increased its retail stores through franchises. MedPlus first chooses an area and studies its market, demographic needs and supply chain. Then it starts expanding its retail stores in and around the area by proper planning and implementation of strategies. Later, the company uses this growth and supply chain to expand its operations further.

MedPlus also operates its pharmacy business online through MedPlus Mart. This service was started in 2015 and was expanded across the country. MedPlus claims to be the first to start an omnichannel pharmacy in India. The company also entered the path labs and optical businesses in 2020. The revenue of MedPlus flows from the sale of medicines and other healthcare services offered by the company directly or through their franchisees across the country.

MedPlus – Challenges Faced

MedPlus faced severe challenges and criticisms at the time of establishing their online platform MedPlus Mart. The All India Organization of Chemists and Druggists (AIOCD) organized a nationwide strike against the company for starting e-pharmacies. They criticized that the chemists around the country will be severely affected by this MedPlus’s initiative. Then MedPlus made their sales policy explicit and clarified that they are complying with every aspect of the Drug Act.

MedPlus – Funding and Investors

MedPlus managed to raise a sum of $317.7 million through 7 rounds of funding. A total of 6 investors have invested in the company so far. Here is the company’s list of fundings:

Date	Round	Money	Investors
February 11, 2021	Private Equity Round	$13.5 million	Warburg Pincus, PremjiInvest
April 1, 2019	Series C	–	PremjiInvest
January 2, 2018	Debt Financing	$117.7 million	Goldman Sachs
December 15, 2017	Series C	$1.1 million	–
November 10, 2014	Series C	$89.9 million	Mount Kellett Capital Management
March 14, 2011	Private Equity Round	$90 million	TVS Capital Funds, Mount Kellett Capital Management
March 22, 2007	Private Equity Round	$3.1 million	Peepul Capital LLC

MedPlus – Growth

Starting its operations in 2006, MedPlus has seen enormous growth in about one and half decades. Today, the company has widened its business to over 2100 pharmacies across 7 Indian states. It also adapted to the technological advancements and established an online platform in 2015 to ease and widen its sales to customers. MedPlus has now issued its IPO thus aiming to enlarge its operations to every corner of the country in the future.

MedPlus also had consistent revenue growth over the years. The company’s CAGR growth is expected to grow 25% between the financial year 2020 and 2025. The market share of this omnichannel entity is 22% as of 2021. Similarly, the company reported an increase in revenue and profit for 2021, which was severely affected in 2020 due to the pandemic. At the end of the third quarter of 2021, MedPlus had revenue of ₹1890.9 crores and a profit of ₹66.36 crores.

MedPlus – Competitors

MedPlus has earned quite a good competition all through its operation span of over 16 years. Few of them, like Apollo, are omnichannel competitors. In fact, Apollo stands to be the largest pharmacy retail chain in India. In addition to it, few other companies, which show promising growth and worthy competition to MedPlus, have emerged. Here are some of them:

PharmEasy
Netmeds
1mg
Apollo Pharmacies
MedLife

MedPlus – Future Plans

MedPlus launched its Initial Public Offering in the name of MedPlus Health Services by mid-December 2021. The company is expected to be valued high in the near future. It is also planning for potential financial growth in the long term. MedPlus has decided to use the proceeds from IPO for meeting the future working capital requirements of the company. The majority of the funds are expected to be used for developing Optival Health Solutions. MedPlus is strategically planning every step to bridge the gap with the competitor ahead. The CEO Madhukar Gangadi confidently said that the MedPlus will overtake Apollo within the next two and half years.

MedPlus – FAQs

What is MedPlus?

MedPlus is an omnichannel pharmacy retailer offering healthcare services in India.

Who is the founder of MedPlus?

Madhukar Gangadi founded MedPlus in 2006. He is the CEO of the company.

Who are the top competitors of MedPlus?

Some of the top competitors of MedPlus are:

PharmEasy
Apollo pharmacies
Netmeds
1mg
MedLife

How many retail stores does MedPlus have in India?

MedPlus has over 2100 stores in the country as of March 31, 2021.

January 12, 2022

Growth Of Online Doctor Consultation Market During Pandemic
In an era, where everything is available at the click of a button it is no surprise that even a specialist doctor or a clinical examination could be done online. Online doctor consultation is a coveted field in India and is able to offer services like telehealth, telemedicine, telecare, and digital health care services. According to the survey conducted by Accenture in 2017, over 70% of the consumers are willing to experience health care services virtually, while 20% have already experienced virtual healthcare.

Many startup companies are looking to make it in the industry as it is currently rising. The consumer’s expectations for a convenient healthcare system are evolving while the healthcare industry is continuously striving to meet people’s needs with the help of technology. The telemedicine market in India is expected to reach $5.4 Billion by 2025 with a CAGR of 31%.

The online doctor consultation allows the dissemination of specialized knowledge among the medical community through advanced networks, reviews, emergency medical consultations during an epidemic or crisis among others. According to a report by Practo, online doctor consultations have increased 500% since March 2020, as five crore Indians are now accessing healthcare online amidst the COVID-19 pandemic.

Telemedicine Industry in India
Growth of Online Consultation in India
Importance Of Online Consultation
Target Audience of Telemedicine Industry
Future of Telemedicine Industry in India
FAQ’s

Best Online Doctor Consultation Apps in 2020

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Telemedicine Industry in India

The Telemedicine Industry is expected to create more than $5.4 billion market opportunities by 2025. Practo, DocPrime, mFine, CallHealth, and Lybrate are some of the leading startups in India’s telemedicine market. The COVID 19 outbreak has created many challenges in traditional healthcare systems, as citizens have not been able to consult with the doctors physically.

This situation has led the government to change the regulations around remote delivery of healthcare services and allow telemedicine via video, audio, or text. Telemedicine will not only help these startups address the spread of Coronavirus but also improve access to healthcare in rural areas. Innovative technologies are allowing health organizations to enhance access and reduce the burden on hospitals through real-time consultation with doctors through online services.

top doctor consultation sites in India

Telemedicine will reduce the time of consultations and improve the quality of healthcare services in rural areas, removing many infrastructural challenges. The World Health Organization (WHO) recommends every country to have a ratio of 1:1000 doctor to patient ratio, India only has one governmental doctor for every 1,139 people.

According to a report, India has a shortage of 600 thousand doctors and 2 million nurses. This leads to limited face-to-face consultations among patients. Secondly, India also has a shortage of hospital beds, which makes hospitalization difficult and there needs to be better infrastructure and facilities whereas with the help of online consultations the healthcare sector can reduce its problems.

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Growth of Online Consultation in India

Online consultation has become popular in India because it is easier and safer to access healthcare via call, video, chat with doctors, especially during the COVID-19 pandemic. The health ministry has urged people to take advantage of telemedicine services during the lockdown. And since then the usage of online consultation apps and medicine delivery services has been on the rise.

The pandemic has encouraged people to use the platform and consult a certified medical practitioner rather than resorting to self-medication. Online consultations are known for specialties such as Gynecology and Dermatology, while other specialties like mental health, pediatrics, ENT, ophthalmology, and gastroenterology are all well-known departments.

The growth of telemedicine in India

The telemedicine sector is steadily increasing not only across metropolitan cities but also in smaller cities like Hoshiarpur, Karnal, and Durgapur. The online doctor consultation platform mFine is seeing demand from states which has a low doctor-to-patient ratio since lockdown. The app has also seen new user signups and consultations from users in states such as Bihar, West Bengal, Jharkhand, and Uttar Pradesh where the doctor-patient ratio is the lowest in the country.

Many other healthcare startups are seeing an unprecedented surge in demand as they shift healthcare delivery onto the internet, promote telemedicine, encourage online medicine bookings and use chatbots to answer patient queries. The support rendered by the national and state governments, their subsidiary concerns, and allies such as the ISRO have contributed a great deal to facilitate the development of telemedicine as a well-recognized field.

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Importance Of Online Consultation

India has seen a tremendous increase in demand for telemedicine for healthcare services. According to Statista, the industry might have touched $280 billion by the end of 2020. Though the healthcare sector is seeing a giant leap in providing services to consumers, it has still not been able to expand its market in rural areas. Around 75% of the rural population is struggling with insufficient infrastructure and technological awareness. This is the reason why online consultation might help overcome this issue.
- Bringing quality healthcare services to the rural areas of the country.
- Benefits the people of rural areas in bringing down the disparity in healthcare offerings between the rural and urban areas.
- Provides access to qualified healthcare providers, specialized consultation, accurate prognosis, timely diagnosis, and effective course of treatment.
- The people of urban areas, who have access to world-class hospitals and treatment facilities but don’t have the time can seek help by online consultations.
- The patients can have real-time interactions through video conferencing solutions, or store and forward models which can capture patient and disease-related information through dictation, photos, videos, radiology, etc.
- The patients can get the benefits of an actual visit to the doctor without having to do so.
- Not just consultation and treatment, but many other services can be fulfilled through telemedicine, which brings together the best of both worlds – medicine and telecommunication.
- It helps in the dissemination of specialized knowledge among the medical community through advanced technology and peer-to-peer reviews.
- It’s very useful for emergency medical consultations in times of an epidemic or crisis.
How to provide a great online consultation experience

Target Audience of Telemedicine Industry
- People who are willing to try telemedicine.
- Application developers and network operators.
- Third-party suppliers and healthcare service providers.
- Potential Investors.
- Government organizations.
- Research Institutes.
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Future of Telemedicine Industry in India

With the growing attention for telemedicine services, countries around the world are developing a regulatory framework for the industry. While India is already one of the top 10 countries in telemedicine marketing the world, the adoption of a regulatory framework will help the segment grow rapidly.

Tattvan Mishra, founder, and CEO of Tattvan E-Clinics said that “India has seen considerable growth in the telemedicine sector however, the growth was not rapid due to the lack of proper guidelines and regulations. In the coming years, I expect a high investment from the private sector in the field of telemedicine. I think the telemedicine industry has a bright future and may become a multi-billion industry in the next 3-5 years.”

Online consultation platforms have supported the healthcare needs of Indians at a time of lockdown. Saurabh Arora, the founder and CEO of Lybrate in a press statement said that “It is the need of the hour to contain the spread of the virus. The healthcare burden on the country is gigantic around this time and platforms like ours can definitely help share it. People can consult doctors on Lybrate across specialties and so on other platforms, letting hospitals tend to more serious patients”.

Besides telemedicine, other health-tech segments such as online pharmacy, medical technology, and medical devices have also called for increased regulatory clarity so that startups can focus on the model rather than tweaking their operations. When it comes to the online consultation market, the COVID 19 crisis could bring about a lot of clarity and growth just like the fintech sector got a push in India after the demonetization in 2016.

FAQ’s

1. What is an online doctor consultation or online medical consultation?

When you visit a doctor about your health-related issues through an audio/video/chat, it is called an online doctor consultation or online medical consultation. This is an alternative for you when you cannot visit a doctor physically at the clinic or hospital.

2. How do I consult a doctor online now?

Book an online consultation either on the website or mobile app. Look out for the ‘Find a Doctor’ button on the homepage of the website/app, select the specialty of your problem or type the name of the doctor directly. Once the doctor of your specialty is selected, you can click on the “Consult Now’ button to start with the online consultation.

3. Do you provide online doctor consultation for emergencies?

No, it is not recommended. It is advisable to contact emergency services during emergencies. Emergency medical services are available round-the-clock which can be accessed by calling 112 or clicking the ‘Emergency’ tab on the homepage of the respective website/app.

4. Where is my prescription for the online doctor consultation?

Prescription for your online consult can be found in the Records/History section. By clicking on this tab, you will be able to view/download your prescription.

5. Is it safe to consult online?

Online consultation is absolutely safe and private, where customer information and health data is the most important thing that is kept private.
November 26, 2021
Top 10 Industries with Most Billionaires in 2021
There are over 2775 billionaires present in the world and with a total net worth of $13.1 trillion. The country that tops the list of most number of billionaires is the United States of America. The number of billionaires may seem less in a world where billions of people exist but these few have created businesses that made them who they are today; It has also changed the outlook of all those industries from where they came from.

These people turned their ideas into successful businesses and are now earning billions of dollars. All these are not that easy, one needs to be the best in their field for that.

You may find billionaires in almost every industry, but there are some that have given the world a larger number of billionaires who are out there ruling it. What is intriguing is that even during the pandemic, the wealth of billionaires has increased over an average of 27% in many industries.

In this article, we will talk about the industries that have given the most number of billionaires to the world. So let’s get started.

“The biggest risk is not taking any risk. In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.”

-Mark Zuckerberg

Technology
Healthcare
Finance And Investments
Manufacturing
Fashion and Retail
Food And Beverage
Real Estate
Hospitality Industry
Renewable Energy
Entertainment and Media
FAQ

Technology

The top position is taken by the industry of technology in this. Some of the data suggest that 70% of the top 10 richest people belong from the technology industry. It is in the first position because of evident reasons.

Technology serves us with the solution for almost any kind of problems and has taken the responsibility to make our life easier. It is quite evident that with new innovation every day, the tech industry will provide the world with more billionaires in the future.

Top billionaires in the tech industry
- Jeff Bezos (Amazon)
- Elon Musk (Tesla, Space X)
- Bill Gates (Microsoft)
- Mark Zuckerberg (Facebook)
Healthcare

The pandemic was a severe boost to the healthcare sector and has worked as a boon for many healthcare companies. Vaccine producers, diagnostic test producers saw immaculate growth in their business. Since 2020, the healthcare industry is surging at a tremendous pace and with the current condition, it seems unlikely to stop.

The strike of Covid-19 proves how health is a prime factor in human lives and without it; everything will just become a façade. The global healthcare industry is ready to reach over $10 trillion by 2022.

Top billionaires in the Healthcare industry
- Jiang Rensheng & family (Chongqing Zhifei Biological Products)
- Li Xiting (Mindray Bio-Medical Electronics)
- Zhong Huijuan (Hansoh Pharmaceutical)
- Xu Hang (Mindray Medical)
Finance And Investments

There are reports that state that the most number of billionaires in modern times comes from the Finance and investment sector. The business of money has been quite a success in the recent era. The money made by the people even the billionaires are managed by financial institutions. Whenever people transact money they take help from these financial institutions, so it is quite probable that this sector comes in the list of the top 10.

The entire world economy depends on financial institutions. Fintech startups are taking the world in storms and these industries would use the opportunity to create more billionaires in the future as they are the root of the economy.

Top billionaires in the Finance industry
- Warren Buffet (Berkshire Hathaway)
- Joseph Safra (Banco Safra)
- Jim Simons (Renaissance Technologies)
- Ray Dalio (Bridgewater Associates)
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Manufacturing

The production of goods with the help 0f machines, tools as well as labor from raw materials is one of the most important sectors, as almost every creation depends on this. It is said to be the driving force since forever.

The growth of a nation immensely depends on the manufacturing sector. The manufacturing sector has seen a huge surge even during the Covid-19, this sector has over 300 billionaires in the world.

Top billionaires in the Manufacturing industry
- He Xiangjian (Midea Group)
Fashion and Retail

Clothes are another significant necessity in human life. The fashion and retail industry focuses on making clothes. It is a $2.5 trillion industry and deals with luxury apparel brands. Fashion startups are also making noise in this sector and are on the verge of producing more and more billionaires in the future. There are 273 billionaires in the world in this industry.

Top billionaires in the Fashion industry
- Bernard Arnault (LVMH)
- Amancio Ortega (Inditex)
- Phil Knight (Nike)
- François Pinault (Kering)
Food And Beverage

Over 7 billion people exist in this world, so naturally, food must be provided to all of them. The number is only going to increase in the future; therefore the growth of this industry is inevitable. This sector till now has successfully contributed in the list of industries that have given us the most number of billionaires.

All other things can wait but for the survival of a human being, food and beverages are the most significant things. The food and beverages industry has over 219 billionaires from all over the world and it is only going to increase in the future.

Top billionaires in the Food and Beverage industry
- Zhong Shanshan (Nongfu Spring)
- Giovanni Ferrero (The Ferrero Group)
- Qin Yinglin & family (Muyuan Foodstuff Co.)
- Jacqueline Mars (Mars Inc.)
Real Estate

It is said to be the oldest source of creation of wealth. It is also said to be an open industry where anyone can be a part of it who are interested to. People who are already billionaires and are wealthy also show their interest in investing in the real estate industry, as it is considered as one of the most profitable sectors. There are over 215 billionaires in this sector.

Top billionaires in the Real Estate industry
- Lee Shau Kee (Henderson Land Development)
- Hui Ka Yan (Evergrande Group)
- Yang Huiyan & family (Country Garden Holdings)
- Wu Yajun (Longfor Properties)
Hospitality Industry

It is another important form of industry that has given quite a number of wealthy people. Providing the guests with home-like services is one of the main factors of this industry. Food, comfort, entertainment, and lodging are all included in this sector. The global hospitality market is expected to reach $4132.5 billion by the end of 2021.

Top billionaires in the Hospitality industry
- Sheldon Adelson (Sands Hotel)
- Donald Trump
- William Barron Hilton (Hilton Hotels & Resorts)
- Phillip Ruffin (Ruffin’s hotel)
Renewable Energy

Climate change is a serious factor in the world, right now. Saving the world has become a necessity, thanks to this industry some of the billionaires are able to make tons of money and become a savior as well. The energy market is coming out slowly and is on verge of becoming one of the most important sectors in the near future. It has given the world over 180 billionaires.

Top billionaires in the Renewable Energy industry
- Elon Musk
- Robin Zeng (Amperex Technology)
- Aloys Wobben (Enercon)
- Li Zhenguo (LONGi Green Energy)
Entertainment and Media

The entertainment industry is a very big part of the world economy. Digital media technology has started helping people make big in this industry. There is a need for entertainment in life, especially during the Covid-19 lockdown, this sector helped people to avoid boredom. Dramas, films, music all these are the source of entertainment. This sector has 95 billionaires and more in the making.

Top billionaires in the Entertainment and Media industry
- Donald Newhouse (Advance Publications)
- Su Hua (Kuaishou)
- Michael Bloomberg (Bloomberg)
- David Thomson & family (Thomson Corporation)
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Conclusion

Being a billionaire is not an easy job, one needs to have patience, perseverance, and the will to do hard work. Some of the industries are recently on-trend and have provided the world with the most number of billionaires. It doesn’t mean that it is easy in these industries to make tons of money, in fact, it is quite hard and challenging.

FAQ

Which industry produces the most billionaires?

Technology industry is one industry that produces the most billionaires.

Which Industry creates the most millionaires?

The financial service sector has the most number of millionaires.

What jobs can make you a millionaire?

Professional athlete, Investment banker, Entrepreneur, and Real estate agent some of the industries that can make you a millionaire.
November 8, 2021

ImpactGuru: Crowdfunding Startup | Free Fundraising Platform for Healthcare

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.

ImpactGuru – Highlights

Startup Name	ImpactGuru
Headquarters	Mumbai
Founders	Piyush Jain (CEO) & Khushboo Jain (COO)
Sector	Fintech focused on healthcare
Founded	2014
Website	www.impactguru.com

ImpactGuru – Latest News
About ImpactGuru
ImpactGuru – Industry Details
ImpactGuru – The Idea of Starting up
ImpactGuru – Founders and Team
ImpactGuru – USP
ImpactGuru – No Platform Fee
ImpactGuru – Business and Revenue Model
ImpactGuru – Challenges Faced
ImpactGuru – Funding and Investors
ImpactGuru – Partners
ImpactGuru – Awards and Achievements
ImpactGuru – Future Plans
ImpactGuru – FAQs

ImpactGuru – Latest News

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.

About ImpactGuru

ImpactGuru was born with a mission to make healthcare accessible to all and save more lives. It is a tech-for-good platform that provides complete crowdfunding solutions to empower individuals, NGOs and social enterprises to raise funds for medical emergencies, personal needs, creative projects or any social cause – be it big or small.

“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 Piyush Jain.

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 and Team

Impactguru founders - Khushboo Jain and Piyush Jain — 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 – Funding and Investors

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 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.
YourStory SheSparks Awards 2018 – Fintech & Financial Inclusion category.
Social Samosa Social Media Superwoman 2018.

ImpactGuru – Future Plans

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.

October 18, 2021

Practo- Business Model & Revenue Model | How Does Practo Make Money?
Numerous technological innovations and advancement has made the world a smaller place. Irrespective of type of business, online services is booming. The demand of online service has taken over the healthcare industry as well. Online doctor consultation is rising popularity and growing with high speed after Covid Pandemic. There has been 500% increase in online doctor consultations in India in 2020.

Practo is one of those online doctor consultation platform which has revolutionized the healthcare industry. Practo enables consumers to find the best doctors, book appointments, and consultations for better health care decisons and treatment. The bangalore based healthcare platforms has gained tremendous popularity. Here are insights of Practo’s Business model, its revenue model, and more to know about Practo.

About Practo
Services Provided by Practo
Business Model of Practo
Why Should Doctors Use Practo?
Practo’s Customer Segments
Key resources for Practo
How Practo makes money?
Acquisitions of Practo
Revenue Model of Practo
FAQs

Practo Business Model | How Practo earns money?

About Practo

Practo is an Indian based company that is now established in about 15 countries. It is an application that works as a bridge between doctors and patients and is mainly focused on booking interactions with doctors. It was founded by 2 Indian B.Tech students, Shashank ND and Abhinav Lal. They aimed to come up with a way to save or keep reports and other medical prescriptions. Their idea was then put into action and they came up with an online platform where the patients can interact with the best online doctors, book appointments and so on.

Services Provided by Practo

Their major value proposition for patients was to make online healthcare search easier. The application must be able to help patients look for various medical help like doctors, hospitals, clinics, laboratories, check-up and scan bookings and so on. This must be done through the app or website and without any issue. They should be able to get a virtual doctor on demand.

The next plan was Practo Plus, which is a subscription-based membership. This is to provide perfect 24/7 care.

Practo not just helps book appointments but also consult a doctor online. This is a cost and time-saving attribute in the app. In this case, the communication can be through audio call, video call and also image sharing through the app. This can help the doctors diagnose and give necessary medical advice.

Just like Google drive helps us save details and records for future use, Practo drive helps patients store the necessary medical records like test results, prescriptions, schedules, etc. This is highly secure and safe.

Business Model of Practo

Practo Logo

The first thing that a business has to do is to figure out the major activities and value propositions and make a perfect, working business model. Practo, being a common platform for patients and doctors, they had to make sure there was proper value provided to both sides.

Why Should Doctors Use Practo?

Practo competitors

Practo helps the doctors get more patients and grow their practice online. They can hence maintain a better relationship with the patients and also chat with them whenever necessary. A prescription can also be uploaded through the app. Follow-ups and other notifications can also be given by the doctors to the patients. They can also publish health-related articles and tips. Practo makes the entire system easier and efficient.

Practo provides a complete tool for clinic management for doctors which helps in generating invoices, reminders, storage of bills and prescriptions, etc. On the whole, the online visibility of the clinic and the doctor grows with the use of Practo.

Practo’s Customer Segments

Practo has segmented their customers into 3. Which are:

Practo’s customer segment

Key resources for Practo

The major resources that they use are the website, the app, their staffs and manpower and Information technology.

Their major activities are:
- Marketing and advertising, through which they promote their product and services. With the growing use of social media, they use those platforms to promote Practo.
- This, being a technology-based app, their another major activity is to develop an easy to use software.
- They also had to bring in and enhance the network between patients, doctors, labs, clinics and so on.
They also have the perfect customer relationship management strategies. They provide 24/7 customer service through mails, chat and also phone calls and their automated services, like notification system and SMS services have helped them maintain customer relationships.

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How Practo makes money?

Any company thinks of how to increase revenues and hence generate more profits. Practo also has its way to make huge revenue. We know that Practo has a few products and services and using this they generate the revenue.

They initially started by taking a certain percentage of money for every booking that takes place. As they expanded, they found more opportunities to get better revenues.

Practo charges the doctors and hospitals some money for getting listed in the app or the website. This also gives them some revenue. They are now expanding their domain and are now connecting bigger hospitals, labs and pharmacies and take commissions from all these. This is their basic revenue model. Over this, there are a few other ways by which they generate revenue.

Acquisitions of Practo

They get revenues through their acquisitions. Practo has acquired 4 companies.
- QikWell: It is an online appointment booking software
- FitHo: It is a disease prevention app
- Genoo: A software development firm
- InstaHealth: Hospital management software
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Revenue Model of Practo

Over the years, Practo has helped doctors reach a lot of patients and also helped them practice medicine.

Just like there are search results on search engines, Practo has a search result. Doctors need to get on top of the list to be able to do more online consultations and hence earn more. Practo Profile sells premium listing and for this, the doctors have to pay some money. This is a part of their revenue.

The next way of generating revenue is through Practo reach wherein, Practo provides ad spaces on their website and app. It is available in various sizes and the payment depends on various factors. Displaying ads on their website also gives them good revenue as we know that Practo has a lot of users.

There is another division in Practo which is called as Practo Ray. This helps the doctors Manage the hospital or clinic. It is a PMS (Practice Management Software) for the doctors. For doctors to use this, they need to pay a fee, monthly. This is the largest source of revenue for Practo.

Next comes Practo Plus. It is a subscription-based yearly healthcare plan for patients. It offers unlimited online doctor consultation and Practo gets some revenue from this too.

Practo earns from medical deliveries too. Now that they have tie-ups with labs and pharmacies, they get some commission for bookings and also from delivering medicines to the patients. They also make the sale of medicines to drug stores and chemists.

The main reason for Practo to be able to attract the customers is because they can cover the right audience. They know that there is no big point in covering famous doctors as they would have already established themselves and would not pay much for Practo and so, they started by approaching new doctors and clinics who will need to get patients. Also, there are not many competitors in the field as Practo has already attracted most doctors and patients and it is well established.

FAQs

What is the revenue of Practo?

Practo has recorded a revenue of Rs 124.3 crore for the financial year ended March 31, 2019.

How does Practo work?

Practo offers a secure and encrypted platform for patients to connect with doctors online to interact at their own convenience.

What is the valuation of Practo?

Practo valuation stands at $904 Million (April, 2021).

Who are the top competitors of Practo?

The top 10 competitors of Practo are:
- Lybrate
- DocsApp
- 1mg
- Goqii
- Portea
September 25, 2021
Everything You Need To Know About Supply Chain Network (Case Study)
Supply Chain Network is the network between the source of the product to the customer. Each company needs to distribute the product at a low cost to the customer. So we are going to see a supply chain network design case study of products in the coming sections.

Supply Chain Network design is very important to understand as it helps you calculate the cost and time required for the product to reach the market. This supply chain management case study will give you examples and show you that there is no definite way to design a supply chain design as it depends on the distance between the source of the product and the market.

Supply Chain Network Design Case Study Of Household Goods
Supply Chain Management Case Study for Footwear Company
Supply Chain Case Study for Pharma Company
Supply Chain Case Study For Safety Equipment Company
Supply Chain Case Study for an Electronics Company
Frequently Asked Questions

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Supply Chain Network Design Case Study Of Household Goods

supply chain network of household goods

As we all know that the network design in the supply chain works with basic tasks, for example, the producer takes the raw material from the supplier then they produce the product then they sell it to the customers. Every company has its own supply chain network design or model. One of the main network design case study examples is of a household manufacturer. The manufacturer of cookware, dinnerware, or household tools wants to change its supply chain management system.
- The first step of network design in supply chain management is to make the manufacturers create a team that will design the best supply chain management system for the company and also looking at the major locations and gather all the data they needed to create the supply chain system.
- In the second step, the data is gathered, analyzed, and developed into a suitable chain network for the company. Meetings are progressed to validate the plan for the management system.
- Third, a trial has to be prepared to test the accuracy of the plan. Then, focusing on that a long term plan is developed.
- Fourth, also looking at other alternatives to get the best plan for the supply system. All the alternatives for supply chain network designs are compared to each other to get the best model for the supply chain. Overall the best model is chosen in terms of cost and service of the performance, after that it is evaluated practically.
There is not any plan which can be used forever. After each interval of time, the company has to modify its plan according to the company’s performance and demand.

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Supply Chain Management Case Study for Footwear Company

the supply chain of footwear company

This supply chain case study examples is based on footwear companies mainly focuses on three major channels:-
- First, they focus on retail outlets so that people can purchase products physically from there. It can build trust and relationships with customers which is beneficial for the company. Choosing one of the best locations for retail outlets is one of the biggest challenges for the company also.
- Second, B2C sales directly target potential customers. It is very beneficial for the company as it reduces the cost of transportation but is not profitable all the time. Many companies also hire third-party companies to manage B2C sales.
- Third, E-commerce websites are one of the favourite platforms for many footwear companies as they drive sales campaigns which boosts their sales and profit of the company. It does not require any transportation system by the company as all the distribution system is managed by the e-commerce company.
Supply Chain Case Study for Pharma Company

supply chain design for pharma company

Designing supply chain network for distribution systems for medical or pharma companies is very difficult. It is strictly bounded by rules and regulations of the government as well as temperature. It has to be shipped in special packages as well as within a tight delivery schedule system. The network design in supply chain of the pharma industry depends on the current demand and forecast information from the customers.

The manufacturers can not create an optimal supply chain as there is a fluctuation of demand from the customers from different locations. The supply chain management mainly focuses on improving customer delivery performance and reduce transportation costs for a more optimal region.

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Supply Chain Case Study For Safety Equipment Company

supply chain of safety equipment companies

The supply chain of safety equipment depends on the demand from the market. Not everyone needs a safety kit so its model varies from time to time. One of the recent supply chain case study examples is when we are looking at the coronavirus pandemic situation, the more amount safety equipment for doctors to keep away from infectious viruses, the better it is. So the company needs to develop the best model for this situation.

On the other hand, on normal days there is very less amount of demand so they have to develop a plan for that situation. Other safety kits like a fire extinguisher need to be transported in a very safe manner so that no harm is done to the equipment. The company has to check out different types of supply chain network and design the model of the supply chain according to the product and demand from the market.

Before making the model of the supply chain the company has to investigate the present situation and also looking for an alternative of the plan. The company has to do in-depth analysis and physical design and make detailed information about the situation and then finalize the network design in supply chain management.

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Supply Chain Case Study for an Electronics Company

supply chain of electronics company

According to a supplier management case study, the manufacturer of an electronics company needs to be up to date with the model of the supply chain network to compete within the industry. To give focus on an area and prioritize the supply chain.
- In the initial phase, the team of the supply chain gathers data from the targeted audience and market and also from their direct competitors. They compare all the data to get the best model of the supply chain.
- The initial stage of the model is an opportunity to cut the unwanted transportation spend and identify the saving opportunity while improving the model of the supply chain.
- The company can also reduce the number of carriers by improving the product packaging, labelling, and tendering process. By improving the product packaging it can reduce the cost of shipment from different locations.
There is a lot of different supply chain network design for each product. The company decides according to the demand of customers and the market. They implement the best possible plan in that condition. It can vary from company to company.

Conclusion

As per this supply chain network design case study, there is no one size fits all solution for the supply chain industry but rather you need to stay up to date with the latest trends and be willing to update to the newest technologies whenever the situation arises. We hope this supply chain case study gave you some insights on the initial steps you have to take to be successful in the industry!

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Frequently Asked Questions

What is a supply chain network?

In simple terms, the supply chain is the process that encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end-user.

What are the 5 basic steps of supply chain management?

As per this supply chain management case study, the basic five steps of Supply Chain Management to keep in mind when strategizing are Plan, Source, Make, Deliver and Return.

Are supply chain jobs in demand?

Yes, there will never be a time when this will go out of fashion. The process will only get more automated with time.

What is the importance of supply chain network design?

The main reason for a supply chain network design is to assess company policies and programs and to meet targets to accomplish long‐term strategic objectives.

What is the difference between supply network design and supply chain network design?

According to many network design case study, supply network is developed by connecting multiple supply chains. Consider the operational activities within your organisation, these will be classed as a Supply chain and will deliver value to your organisation.
September 17, 2021