DIMEC

United Kingdom Founded: 2010 • Age: 16 yrs Acquired By Co-op
Prescription and OTC medications are ordered via a mobile application.
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About DIMEC

DIMEC is a company based in United Kingdom founded in 2010 by Andrew Bailey and Chris Turner was acquired by Co-op in September 2018.. DIMEC operates in a competitive market with competitors including Pharmacy2U, LloydsDirect, Health & Her, Chemist4U and Novalar Pharm, among others.

  • Headquarter United Kingdom
  • Founders Andrew Bailey, Chris Turner
  • Sectors
    Healthcare
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Healthcare → Health Technology & Digital Health
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    Employee Count
  • Acquired by
    Co-op

    (Sep 11, 2018)

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Funding Insights of DIMEC

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in DIMEC

DIMEC has secured backing from 1 investor. Prominent investors backing the company include Co-op. 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.

All
Investor Description Founded Year Domain Location
Retail stores provides food & beverages products
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by DIMEC

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - DIMEC

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Dimec Comparisons

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Competitors of DIMEC

DIMEC 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
domain founded_year HQ Location
Prescription medicines are ordered and delivered via an online platform.
domain founded_year HQ Location
Women's health products and symptom tracking tools are provided online.
domain founded_year HQ Location
Prescription medicines and health products are sold online by Chemist4U.
domain founded_year HQ Location
Online pharmacy store
domain founded_year HQ Location
Online pharmacy store
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Dimec

Co-op moves back into pharmaceuticals market
Logisticsmanager7 years ago
The Co-op returns to pharmacy with Dimec deal
Retailgazette7 years ago

Frequently Asked Questions about DIMEC

When was DIMEC founded?

DIMEC was founded in 2010.

Where is DIMEC located?

DIMEC is headquartered in United Kingdom.

Who is the current CEO of DIMEC?

Andrew Bailey is the current CEO of DIMEC. They have also founded this company.

What does DIMEC do?

Founded in 2010 in the United Kingdom, DIMEC functions as an online pharmacy within the health technology sector. A mobile application is utilized by users to order prescription medicines and over-the-counter products, with prescriptions required to be uploaded. Repeat orders are facilitated, and medication reminders are included to support user adherence. Operations focus on digital access to pharmaceuticals.

Who are the top competitors of DIMEC?

DIMEC's top competitors include Pharmacy2U, Health & Her and LloydsDirect.

Who are DIMEC's investors?

DIMEC has 1 investor. Key investors include Co-op.

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