About MedsOnWay
MedsOnWay is a company based in Pune (India) founded in 2015 by Aniket Bora and Prashant Pillai. MedsOnWay has raised $1.14 million across 4 funding rounds from investors including unknown, Abhishek Singh and Johit Jithendran. MedsOnWay offers products and services including Flat Fee Rx Membership and Prescription Discount Programs. MedsOnWay operates in a competitive market with competitors including Tata 1mg, Netmeds, Truemeds, PharmEasy and MedPlus, among others.
- Headquarter Pune, India
- Founders Aniket Bora, Prashant Pillai
- Stage Minicorn
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name Medsonway Solutions Private Limited
- Date of Incorporation 03 Sep, 2014
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$538.46 K (USD)4.67as on Mar 31, 2019
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Net Profit
-$179.96 K (USD)57.01as on Mar 31, 2019
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EBITDA
-$180.39 K (USD)55.9as on Mar 31, 2019
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Total Equity Funding
$1.14 M (USD)
in 4 rounds
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Latest Funding Round
$269.62 K (USD), Seed
Apr 10, 2018
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Investors
unknown
& 14 more
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Employee Count
Not available
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Products & Services of MedsOnWay
MedsOnWay offers a comprehensive portfolio of products and services, including Flat Fee Rx Membership and Prescription Discount Programs.
Provides access to generic medications at a flat monthly fee.
Offers up to 80% savings on drug prices through nationwide partnerships.
People of MedsOnWay
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Funding Insights of MedsOnWay
MedsOnWay has successfully raised a total of $1.14M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $269.62 thousand completed in April 2018. 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.
Investors in MedsOnWay
MedsOnWay has secured backing from 15 investors, including institutional and angel investors. Prominent investors backing the company include unknown, Abhishek Singh and Johit Jithendran.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage startups are invested in by RPG, a VC firm.
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Abhishek Singh |
Angel investor, ex-entrepreneur, focused on early-stage Indian startups
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Investor details for MedsOnWay
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Investments & Acquisitions by MedsOnWay
Investment portfolio details for MedsOnWay
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Financial Statements - MedsOnWay
Detailed financials for MedsOnWay
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Medsonway Comparisons
Peer comparison for MedsOnWay
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Competitors of MedsOnWay
MedsOnWay 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 Tata 1mg, Netmeds, Truemeds, PharmEasy and MedPlus, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of an online pharmacy with doctor listing and teleconsultation services
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Provider of an online store for medicines and healthcare products
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Provider of an online pharmacy and telehealth platform
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Provider of an online pharmacy and healthcare platforms
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Medicines and health products are retailed through pharmacy outlets.
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An online marketplace for healthcare products is operated.
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Detailed competitors of MedsOnWay
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Latest news on Medsonway
Complete news archive for MedsOnWay
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Frequently Asked Questions about MedsOnWay
MedsOnWay was founded in 2015.
MedsOnWay is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Aniket Bora is the current CEO of MedsOnWay. They have also founded this company.
MedsOnWay is a funded company, having raised a total of $1.14M across 4 funding rounds to date.
Annual revenue of MedsOnWay is $538.46K as on Mar 31, 2019.
MedsOnWay was founded in 2015 in Pune, India, as an e-pharmacy platform. Medications are ordered by users through prescription uploads or drug name searches. Automated refill services are provided for chronic conditions including diabetes, cancer, and heart ailments. Both generic and branded medicines are available, with rewards offered for platform orders. Deliveries are completed within 24 hours.
MedsOnWay's top competitors include Tata 1mg, SastaSundar and PharmEasy.
MedsOnWay offers Flat Fee Rx Membership and Prescription Discount Programs.
MedsOnWay has 15 investors. Key investors include unknown, Abhishek Singh, Johit Jithendran, Anirudh Garud, and Sunil Diwakar.
The valuation of MedsOnWay is $2.55M as of Apr 2018.