About Chemist Direct
Chemist Direct is a company based in Oldbury (United Kingdom) founded in 2007 was acquired by Pharmacy2U in July 2016.. Chemist Direct has raised $18.35 million across 4 funding rounds from investors including Pharmacy2U, Atomico and dmg media. The company has 43 employees as of March 31, 2020. Chemist Direct offers products and services including Online Pharmacy Platform, Prescription Services, and Over-the-Counter Medicines. Chemist Direct operates in a competitive market with competitors including Pharmacy2U, LloydsDirect, Health & Her, Chemist4U and Novalar Pharm, among others.
- Headquarter Oldbury, United Kingdom
- Employees 43 as on 31 Mar, 2020
- Stage Minicorn
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Direct Healthcare Limited
- Date of Incorporation 21 Aug, 2007
- Jurisdiction LEEDS, ENGLAND
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Annual Revenue
$17.57 M (USD)0as on Mar 31, 2017
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Net Profit
$-2.74 M (USD)0as on Mar 31, 2017
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EBITDA
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Total Equity Funding
$18.35 M (USD)
in 4 rounds
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Latest Funding Round
$8.35 M (USD), Series B
Jul 02, 2016
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Investors
Pharmacy2U
& 4 more
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Employee Count
43
as on Mar 31, 2020
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Acquired by
Pharmacy2U
(Jul 04, 2016)
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Products & Services of Chemist Direct
Chemist Direct offers a comprehensive portfolio of products and services, including Online Pharmacy Platform, Prescription Services, and Over-the-Counter Medicines. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for buying medicines and health products online
Service for managing and delivering NHS prescriptions
Range of non-prescription items for common ailments
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Funding Insights of Chemist Direct
Chemist Direct has successfully raised a total of $18.35M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $8.35 million completed in July 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $8.4M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2016 | Amount | Series B - Chemist Direct | Valuation |
investors |
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| Jan, 2016 | Amount | Debt – Conventional - Chemist Direct | Valuation |
investors |
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| Jun, 2013 | Amount | Series A - Chemist Direct | Valuation | Alvarium , dmg media |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Chemist Direct
Chemist Direct has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Pharmacy2U, Atomico and dmg media. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Tech-based companies are invested in by Atomico venture capital fund.
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Founded Year | Domain | Location | |
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Term loans are provided to SMEs by BMS Finance.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Chemist Direct
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Chemist Direct
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Chemist Direct Comparisons
Competitors of Chemist Direct
Chemist Direct operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Pharmacy2U, LloydsDirect, Health & Her, Chemist4U and Novalar Pharm, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online pharmacy and teleconsultation platform
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| domain | founded_year | HQ Location |
Prescription medicines are ordered and delivered via an online platform.
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| domain | founded_year | HQ Location |
Women's health products and symptom tracking tools are provided online.
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| domain | founded_year | HQ Location |
Prescription medicines and health products are sold online by Chemist4U.
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| domain | founded_year | HQ Location |
Online pharmacy store
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Chemist Direct
When was Chemist Direct founded?
Chemist Direct was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Where is Chemist Direct located?
Chemist Direct is headquartered in Oldbury, United Kingdom.
Is Chemist Direct a funded company?
Chemist Direct is a funded company, having raised a total of $18.35M across 4 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Jun 01, 2009.
How many employees does Chemist Direct have?
As of Mar 31, 2020, the latest employee count at Chemist Direct is 43.
What is the annual revenue of Chemist Direct?
Annual revenue of Chemist Direct is $17.57M as on Mar 31, 2017.
What does Chemist Direct do?
Chemist Direct was founded in 2007 and is headquartered in Oldbury, United Kingdom. Operations focus on the online pharmacy sector, with distribution extending to Europe. Services include secure web-based consultations from qualified doctors and email advice from in-house pharmacists on health issues. Medicines are supplied through the platform, adhering to pharmaceutical standards while maintaining competitive pricing.
Who are the top competitors of Chemist Direct?
Chemist Direct's top competitors include Pharmacy2U, Health & Her and LloydsDirect.
What products or services does Chemist Direct offer?
Chemist Direct offers Online Pharmacy Platform, Prescription Services, and Over-the-Counter Medicines.
Who are Chemist Direct's investors?
Chemist Direct has 5 investors. Key investors include Pharmacy2U, Atomico, dmg media, BMS Finance, and Alvarium.
What is Chemist Direct's valuation?
The valuation of Chemist Direct is $31.39M as of Jul 2016.
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