About Netmeds
Netmeds is a company based in Chennai (India) founded in 2015 by Pradeep Dadha was acquired by Reliance Retail in August 2020.. Netmeds has raised $109 million across 4 funding rounds from investors including Reliance Retail, Orbimed and Sistema Asia Capital. Netmeds has completed 3 acquisitions, including JustDoc, Kivi Health and PlussApp. Netmeds offers products and services including Medicine Ordering Platform, Wellness Products, and Ayurvedic Supplements. Netmeds operates in a competitive market with competitors including Tata 1mg, Truemeds, PharmEasy, MedPlus and SastaSundar, among others.
- Headquarter Chennai, India
- Founders Pradeep Dadha
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$109 M (USD)
in 4 rounds
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Latest Funding Round
$35 M (USD), Series C
Sep 01, 2018
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Investors
Reliance Retail
& 5 more
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Employee Count
Employee Count
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Investments & Acquisitions
JustDoc
& 2 more
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Acquired by
Reliance Retail
(Aug 18, 2020)
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Products & Services of Netmeds
Netmeds offers a comprehensive portfolio of products and services, including Medicine Ordering Platform, Wellness Products, and Ayurvedic Supplements. 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.
Online system for purchasing and delivering medicines
Range of supplements and personal care items for daily use
Herbal products for health and wellness management
Funding Insights of Netmeds
Netmeds has successfully raised a total of $109M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $35 million completed in September 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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $35.0M
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First Round
First Round
(02 May 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Series C - Netmeds | Valuation | Daun Penh Cambodia Group | |
| Mar, 2017 | Amount | Series B - Netmeds | Valuation | Tanncam Investment | |
| Oct, 2015 | Amount | Series B - Netmeds | Valuation | Orbimed |
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| 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 Netmeds
Netmeds has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Reliance Retail, Orbimed and Sistema Asia Capital. 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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Private equity firm investing in tech innovations and startups in India and South-East Asia.
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Founded Year | Domain | Location | |
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Venture capital is invested by Tanncam Investment across multiple sectors.
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Founded Year | Domain | Location | |
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Investments are made by OrbiMed in global healthcare innovations across biopharmaceuticals and related fields.
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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 Netmeds
Netmeds has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include JustDoc, Kivi Health and PlussApp. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of mobile and web based telemedicine platform
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2015 | ||||
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Healthcare marketplace for appointment booking
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2015 | ||||
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OTC medicines and care products are delivered via mobile app.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Netmeds
| 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 |
Netmeds Comparisons
Competitors of Netmeds
Netmeds 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, Truemeds, PharmEasy, MedPlus and SastaSundar, 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 |
Provider of an online pharmacy with doctor listing and teleconsultation services
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| domain | founded_year | HQ Location |
Provider of an online pharmacy and telehealth platform
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| domain | founded_year | HQ Location |
Provider of an online pharmacy and healthcare platforms
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| domain | founded_year | HQ Location |
Medicines and health products are retailed through pharmacy outlets.
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| domain | founded_year | HQ Location |
An online marketplace for healthcare products is operated.
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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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Latest news on Netmeds
Frequently Asked Questions about Netmeds
When was Netmeds founded?
Netmeds was founded in 2015.
Where is Netmeds located?
Netmeds is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Netmeds?
Pradeep Dadha is the current CEO of Netmeds. They have also founded this company.
Is Netmeds a funded company?
Netmeds is a funded company, having raised a total of $109M across 4 funding rounds to date. The company's 1st funding round was a Series B of $50M, raised on May 02, 2015.
What does Netmeds do?
NetMeds is a provider of an online store for medicines and healthcare products. It provides an online platform that offers prescription, over-the-counter drugs, and healthcare and wellness products. Users can directly search for medicine or upload their prescriptions. It allows users to book for diagnostic tests and buy various healthcare products such as skincare, family care, baby care, devices, surgical, and many more.
Who are the top competitors of Netmeds?
Netmeds's top competitors include Tata 1mg, SastaSundar and PharmEasy.
What products or services does Netmeds offer?
Netmeds offers Medicine Ordering Platform, Wellness Products, and Ayurvedic Supplements.
How many acquisitions has Netmeds made?
Netmeds has made 3 acquisitions, including JustDoc, Kivi Health, and PlussApp.
Who are Netmeds's investors?
Netmeds has 6 investors. Key investors include Reliance Retail, Orbimed, Sistema Asia Capital, Daun Penh Cambodia Group, and Tanncam Investment.