PharmEasy – India’s One-Stop-Shop for All The Healthcare Needs

Technology and data, these two things are the main driving force behind a robust health and well-being ecosystem, that we are witnessing today and PharmEasy is leveraging both of them to strengthen the healthcare system in India.

From being just a small startup to becoming the one-stop shop for all the healthcare-related needs, PharmEasy and its founders have definitely carved a niche for themselves in the recent past.

But what is the success ‘mantra’ of this company, how did Dhawal Shah and Dharmil Sheth manage to achieve this triumph?

In this post, we will tell you everything about this leading online pharma platform of India and the journey of its founders.

To begin with, let’s understand what kind of services PharmEasy offer.

About PharmEasy

PharmEasy is an e-commerce platform that offers medicines and other healthcare-related equipments. Whenever an individual uploads his/her prescription on PharmEasy, it is sent to a drugstore near to their location immediately. The company uses a mobile app and web technology to offer the best quality healthcare products and essentials to its customers and that too at affordable prices.

You might be thinking if the company is offering medicines at cheap rates, it would be compromising with the quality of the products. But that’s not true, as PharmEasy provides top-notch products at par with the quality that you can only find in reputed pharmacies and medical stores.

How did it begin?

The inspiration behind PharmaEasy was to provide accessible healthcare services to the people but, at the same time, these services should be affordable and available to all. Before making an entry to the Pharma business, Dharmil Sheth already found out that many start-ups were providing healthcare services in wide ranges but none of them were offering home delivery of medicines to the needy patients. And that’s how Dharmil, along with his doctor friend, Dhawal Shah, launched PharmEasy back in 2014. It’s been almost seven years since the inception of the company and it has achieved great success. It has now extended its supplies to nearly 98% of the Indian pin codes.

Growth of PharmEasy in the market

PharmEasy has certainly taken the Indian online pharmaceutical space by storm in the past few years. Today, PharmEasy’s B2B pharma distribution business connects over 1 lakh retailers to 4,500 distributors. Moreover, the company witnessed a continuous growth since its inception. Year by year the company saw a fourfold increase in its growth which roughly translates into ₹450 crores in revenue.  

Notably, company’s consolidated revenue closed ₹2360 crore in the financial year 2021, which is nearly three times higher than the previous fiscal years.

After acquiring its rival company, MedLife, for an undisclosed amount, PharmEasy also became the largest player in the online pharmacy sector.

Reasons behind the success of PharmEasy

There is no shortcut to become successful in any sphere of life. Each and every person has to grind or struggle hard to achieve his goals. The same thing can be said in the case of PharmEasy. What was started off as an unknown startup in the online pharmacy space has now grown into a well-established brand. The company overcame all the challenges and problems thrown at it. The main factors behind PharmEasy’s customer acquisition are the faith and trust which the company has built in the last seven years.