About Netmeds
Netmeds is a Healthcare company based in Chennai (India) founded in 2015 by Pradeep Dadha, and was acquired by Reliance Retail in August 2020. Provider of an online store for medicines and healthcare products. 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. Its chief executive, as recorded, is Pradeep Dadha. Its website netmeds.com draws about 6.3 million monthly visits. Its Indian entity Netmeds Healthcare Limited reported revenue of ₹47.48 Cr. Netmeds offers products and services including Medicine Ordering Platform, Wellness Products, and Ayurvedic Supplements. Its focus areas include HealthTech, Healthcare Booking Platforms, Pharmacies and Drugs. Its competitors include Tata 1mg, Truemeds and PharmEasy; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Chennai, India
- Founders Pradeep Dadha
- Stage Acquired
- SectorsHealthcare
- Website category Health · Pharmacy
- Email••••••••
- Phone•••• ••••
- Website netmeds.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Reliance Retail (Aug 2020)
- Legal Name Netmeds Healthcare Limited
- Date of Incorporation 24 Aug, 2010
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹47.48 Cr
FY 2025 · -31% YoY
- Net Profit₹5.82 Cr
FY 2025 · 12% margin
- EBITDA₹6.37 Cr
FY 2025 · 13% margin
- Total Equity Funding$109M (USD)
in 4 rounds
- Latest Funding Round$35M (USD), Series C
Sep 2018
- InvestorsReliance Retail
& 5 more
- Investments & AcquisitionsJustDoc
& 2 more
- Acquired byReliance Retail
(Aug 2020)
Associated legal entities of Netmeds
Netmeds is associated with 5 registered companies on The Company Check; the primary company is Netmeds Healthcare Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Netmeds Healthcare Limited CIN U51505MH2010PLC447670 | Active | 24 Aug 2010 | Mumbai, Maharashtra | ₹47.5 Cr | 306 | 3 | View details |
| Reliance Retail Limited CIN U01100MH1999PLC120563 | Active | 29 Jun 1999 | Mumbai, Maharashtra | ₹293,954 Cr | 43,024 | 11 | View details |
| Tresara Health Limited CIN U74900MH2015PLC438490 | Active | 21 Aug 2015 | Mumbai, Maharashtra | ₹155 Cr | 15 | 3 | View details |
| Vitalic Health Limited CIN U74999MH2015PLC447668 | Active | 07 Sep 2015 | Mumbai, Maharashtra | ₹21.7 Cr | 219 | 6 | View details |
| Reliance Retail Ventures Limited CIN U51909MH2006PLC166166 | Active | 13 Dec 2006 | Mumbai, Maharashtra | ₹11,172 Cr | 499 | 11 | View details |
Products & Services of Netmeds
Netmeds offers a comprehensive portfolio of products and services, including Medicine Ordering Platform, Wellness Products, and Ayurvedic Supplements.
Online system for purchasing and delivering medicines
Range of supplements and personal care items for daily use
Herbal products for health and wellness management
Apps and channels of Netmeds
Netmeds publishes 2 mobile apps with over 10M+ downloads; its YouTube channel Netmeds.com has 477K subscribers and 30 videos.
Videos from Netmeds
The most watched videos on Netmeds's YouTube channel, Netmeds.com (477K subscribers). Click a video to play it here.
More on Netmeds.com.
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 $109M
- Total Rounds 4
- Last Round Series C — $35M
- First Round $10M
(May 2015)
- Investors Count 5
All 4 funding rounds of Netmeds with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2018 | $35M | Series C | – | Daun Penh Cambodia Group | |
| Mar 2017 | $14M | Series B | – | Tanncam Investment | |
| Oct 2015 | $50M | Series B | – | Orbimed | – |
| May 2015 | $10M | Series A | – | MAPE | – |
6 investors in total: 6 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm investing in tech innovations and startups in India and South-East Asia. | 2015 | sistemaasiacapital.com | Singapore, Singapore | |
Venture capital is invested by Tanncam Investment across multiple sectors. | tanncam.com | Phnom Penh, Cambodia | ||
Investments are made by OrbiMed in global healthcare innovations across biopharmaceuticals and related fields. | 1989 | orbimed.com | New York, United States | |
Diversified operations are conducted across multiple industries. | dpc-group.com | Phnom Penh, Cambodia | ||
Investment banking services are provided by MAPE to multiple sectors. | mapegroup.com | Bengaluru, India | ||
Retail chain offering diversified products | 2006 | relianceretail.com | Mumbai, India |
Investor details for Netmeds
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Board of directors of Netmeds Healthcare Limited (Netmeds)
Netmeds Healthcare Limited is the primary company behind Netmeds. The boards of the 5 registered companies of Netmeds currently have 21 directors; the longest-serving is Manoj Harjivandas Modi, appointed in 2013. 93 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manoj Harjivandas Modi DIN 00056207 | Director | 16 Jul 2013 | 13 yrs 3 mo | Reliance Retail Ventures Limited |
| Mukesh Dhirubhai Ambani DIN 00001695 | Director | 16 Jul 2013 | 13 yrs 3 mo | Reliance Retail Ventures Limited |
| Sanjay Jog DIN 01727602 | Director | 22 Sep 2014 | 12 yrs 1 mo | Reliance Retail Limited |
| Isha Mukesh Ambani DIN 06984175 | Whole-time director | 11 Oct 2014 | 12 yrs | Reliance Retail Ventures Limited |
| Akash Mukesh Ambani DIN 06984194 | Director | 11 Oct 2014 | 12 yrs | Reliance Retail Ventures Limited |
| Mohanchand Pradeep Dadha DIN 00087519 | Director | 10 Mar 2015 | 11 yrs 7 mo | Netmeds Healthcare Limited, Vitalic Health Limited, Tresara Health Limited |
| Geeta Kalyandas Fulwadaya DIN 03341926 | Director | 25 Mar 2015 | 11 yrs 7 mo | Reliance Retail Limited |
| Venkatachalam Subramaniam DIN 00009621 | Managing Director | 13 Jan 2017 | 9 yrs 9 mo | Reliance Retail Ventures Limited, Reliance Retail Limited |
| Pankaj Mohan Pawar DIN 00085077 | Director | 14 Feb 2017 | 9 yrs 8 mo | Reliance Retail Ventures Limited, Reliance Retail Limited |
| Ranjit Vasant Pandit DIN 00782296 | Director | 17 Apr 2017 | 9 yrs 6 mo | Reliance Retail Limited |
| Dipak Chand Jain DIN 00228513 | Director | 25 Jul 2018 | 8 yrs 3 mo | Reliance Retail Limited |
| Jethusingh Sohan Singh Bhati DIN 00104046 | Director | 04 Apr 2019 | 7 yrs 6 mo | Netmeds Healthcare Limited, Vitalic Health Limited |
| Advait Suhas Pandit DIN 02972886 | Director | 21 Jan 2021 | 5 yrs 9 mo | Netmeds Healthcare Limited, Vitalic Health Limited, Tresara Health Limited |
| Dhirendra Harilal Shah DIN 00004616 | Director | 13 Mar 2021 | 5 yrs 7 mo | Vitalic Health Limited |
| Anant Mukesh Ambani DIN 07945702 | Director | 06 May 2022 | 4 yrs 5 mo | Reliance Retail Ventures Limited |
| Adil Zainulbhai DIN 06646490 | Director | 20 Oct 2022 | 4 yrs | Reliance Retail Limited |
| Anshu Prakash DIN 03540028 | Director | 01 Dec 2022 | 3 yrs 10 mo | Reliance Retail Limited |
| Rajiv Mehrishi DIN 00208189 | Director | 20 Jan 2023 | 3 yrs 9 mo | Reliance Retail Ventures Limited |
| Ravichandran Nageswaran DIN 00013321 | Director | 22 Aug 2023 | 3 yrs 2 mo | Vitalic Health Limited |
| Shumeet Banerji DIN 02787784 | Director | 01 Apr 2024 | 2 yrs 6 mo | Reliance Retail Ventures Limited, Reliance Retail Limited |
| Prerna Vishal Poddar DIN 10209268 | Director | 28 Mar 2025 | 1 yr 6 mo | Tresara Health Limited |
People of Netmeds
1 people are tracked at Netmeds (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for Netmeds
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Financials of Netmeds
Figures of Netmeds Healthcare Limited, the primary company behind Netmeds, for FY 2025. Revenue was ₹47.48 Cr (-31% year on year). Net profit was ₹5.82 Cr (12% margin). EBITDA was ₹6.37 Cr (13% margin). Revenue has grown at a compounded annual rate of -25% over three years and +3% over five years.
- ₹47.48 CrRevenue · FY 2025 · -31% YoY
- ₹5.82 CrNet profit · 12% margin
- ₹6.37 CrEBITDA · 13% margin
- ₹9.29 CrPaid-up capital
- 306Employees (provident fund records)
- -25%Revenue CAGR, 3 years
- +3%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Netmeds Healthcare Limited are on its company page.
Detailed financial statements for Netmeds
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Investments & Acquisitions by Netmeds
Netmeds has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include JustDoc, Kivi Health and PlussApp.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Healthcare marketplace for appointment booking | kivihealth.com | Ahmedabad, India | 2015 | Mar 2019 | $10M | |
Provider of mobile and web based telemedicine platform | justdoc.com | Bengaluru, India | 2015 | Sep 2018 | $1M | |
OTC medicines and care products are delivered via mobile app. | plussapp.com | Gurugram, India | 2013 | Nov 2016 | •••• |
Complete acquisition details for Netmeds
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Timeline of Netmeds
7 dated milestones of Netmeds across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Netmeds is founded.
- Funding First funding round of $10.0M.
- Acquisition Acquires PlussApp.
- Funding Latest funding round, Series C, of $35.0M.
- Acquisition Acquires JustDoc.
- Acquisition Acquires Kivi Health.
- Exit Acquired by Reliance Retail.
Competitors of Netmeds
Netmeds has 3 listed competitors in our database, 3 of them funded. They include Tata 1mg, Truemeds and PharmEasy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| 1mg.com | 2015 | Delhi, India | $230.8M | 4,419 | Provider of an online pharmacy with doctor listing and teleconsultation services | |
| truemeds.in | 2019 | Mumbai, India | $112.97M | 345 | Provider of an online pharmacy and telehealth platform | |
| pharmeasy.in | 2015 | Mumbai, India | $688.41M | 493 | Provider of an online pharmacy and healthcare platforms |
Detailed competitors of Netmeds
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Web traffic of Netmeds
The website of Netmeds (netmeds.com) receives about 6.3M visits a month and ranks #10,624 among all websites worldwide, #191 in Pharmacy.
- Monthly visits6.3M
▲ 6.4% vs previous month
- Unique visitors3.6M
per month
- Global rank#10,624
among all websites
- Category rank#191
Health · Pharmacy
- Bounce rate50%
- Pages per visit2.7
- Average visit1 min 19 sec
- DevicesDesktop 10% · Mobile 90%
Websites whose visitors overlap most with Netmeds. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| pharmeasy.in | 100% | 9.4M | #6,526 | View details | |
apollopharmacy.in | apollopharmacy.in | 99% | #3,790 | – | |
| medplusmart.com | 90% | 1.9M | #27,494 | View details | |
| 1mg.com | 78% | 44.9M | #1,062 | View details | |
| medkart.in | 67% | 934.6K | #66,952 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Netmeds
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Top companies in Digital Health & Telemedicine
3 companies that operate in the same segment as Netmeds (Digital Health & Telemedicine) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of an online pharmacy with doctor listing and teleconsultation services | 2015 | Delhi, Delhi, India | USD 230.8 M | USD 328.97 M | 5,212 | |
Online platform offering multiple healthcare services | 2013 | Bengaluru, Karnataka, India | USD 199.22 M | USD 62.4 M | 52 | |
An online marketplace for healthcare products is operated. | 2011 | Kolkata, West Bengal, India | USD 38.26 M |
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Related news about Netmeds
Complete news archive for Netmeds
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Frequently Asked Questions about Netmeds
Netmeds was founded in 2015.
Netmeds is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Pradeep Dadha is the CEO of Netmeds, as recorded in our data. They have also founded this 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 A of $10M, raised on May 2015.
The primary company behind Netmeds, Netmeds Healthcare Limited, reported revenue of ₹47.48 Cr for FY 2025, down 31% year on year.
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.
Netmeds offers Medicine Ordering Platform, Wellness Products, and Ayurvedic Supplements.
Netmeds has made 3 acquisitions, including JustDoc, Kivi Health, and PlussApp.
Netmeds has 6 investors. Key investors include Reliance Retail, Orbimed, Sistema Asia Capital, Daun Penh Cambodia Group, and Tanncam Investment.
Netmeds is associated with 5 legal entities: Netmeds Healthcare Limited, Reliance Retail Ventures Limited, Reliance Retail Limited and others.
Yes. Netmeds was acquired by Reliance Retail in August 2020.