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MrMed

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Online pharmacy
MrMed
Company typePrivate
IndustryHealthcare
E-commerce
Founded2020
FounderSaurab Jain
Devashish Singh
HeadquartersChennai, India
Area servedIndia
Key peopleDevashish Singh (Co-Founder & CEO)
Saurab Jain (Co-Founder & CBO)
RevenueIncrease ₹16 crore (US$1.9 million) (2023)
Number of employees66

MrMed is an online pharmacy for super-specialty medicines based in India. It was founded by Devashish Singh and Saurab Jain and has its headquarters in Chennai. In 2022, the company received an award from the Government of Tamil Nadu for its contributions to healthcare.

History

MrMed was conceived in August 2020 when Devashish Singh and Saurab Jain noticed challenges in specialty medicines. Despite facing initial setbacks due to the Covid Delta wave in India, which prompted the founders and their team to prioritize community assistance, MrMed was officially launched in June 2021. The company launched its mobile app in March 2023 for access to speciality medicines for conditions such as cancer, transplants, kidney, or liver diseases. It also raised $500,000 in funding from the Tamil Nadu Emerging Sector Seed Fund (TNESSF) and angel investors.

In 2024, the company expanded its operations by opening a retail store in Chennai through a partnership with BDK Pharma.

Operations

MrMed's headquarters are in Chennai, with dispatch hubs located in Delhi and Bangalore. According to the Economic Times, the company reported an Annual Recurring Revenue (ARR) of ₹26 crore.

Awards and recognition

In 2022, MrMed was awarded the Health Care Start-up Of The Year by the Federation of Indian Chambers of Commerce and Industry (FICCI) in Chennai, presented by Ma. Subramanian, the Minister for Health and Family Welfare, Government of Tamil Nadu.

See also

References

  1. Borpuzari, Pranbihanga (7 November 2023). "The Economic Times".
  2. ^ Borpuzari, Pranbihanga (2023-11-07). "Economic times". ISSN 0013-0389. Retrieved 2024-05-03.
  3. ^ "MrMed awarded Start-up of the Year 2022 by FICCI by Mrmed Online Pharmacy - Issuu". issuu.com. 2022-12-01. Retrieved 2024-05-03.
  4. Koul, Rahul (2023-08-29). ""Problem statement is quite unique in specialized medications"". BioVoiceNews. Retrieved 2024-05-03.
  5. "MrMed's contribution to drug adherence and patient engagement - Elets eHealth". eHealth Magazine. 2023-05-30. Retrieved 2024-05-03.
  6. "MrMed launches mobile app for access to affordable super-specialty medicines". The Economic Times. 2023-03-29. ISSN 0013-0389. Retrieved 2024-09-10.
  7. Kandavel, Sangeetha (2023-08-30). "Online pharmacy MrMed raises $500,000 from Tamil Nadu Emerging Sector Seed Fund". The Hindu. ISSN 0971-751X. Retrieved 2024-05-03.
  8. "MrMed raises $500k from TNESSF". The Times of India. 2023-08-31. ISSN 0971-8257. Retrieved 2024-05-03.
  9. "Specialty pharmacy MrMed raises $500,000 from Tamil Nadu Emerging Sector Seed Fund". The Economic Times. 2023-08-30. ISSN 0013-0389. Retrieved 2024-05-03.
  10. "MrMed ventures into physical retail space with launch of store in Chennai". The Economic Times. 2024-04-25. ISSN 0013-0389. Retrieved 2024-05-03.
  11. "medgatetoday". Retrieved 2024-05-03.

External links

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