Date post: | 16-Apr-2017 |
Category: |
Health & Medicine |
Upload: | lemon-entrepreneurs |
View: | 102 times |
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1mg
We want you to be in-charge of your medical care.
-Maitri Borundia
Background Online pharmacy network and generic medicine engine
based in Gurgaon, Haryana India’s largest and best consumer health platform Started as HealthKartPlus, a medical information repository
(now a nutrition brand) Hived off and Founded in 2015 Recognized by Government of India - Ministry of Health &
Family Welfare as a m-health initiative Raised fresh funding of $2,20,00,000 and backed by the
competitior’s (Practo) investor- Sequoia capital
MAITRI BORUNDIA
CofoundersPrashant Tandon Co-founder, B.Tech (IIT-D), MBA (Stanford)Past: McKinsey & Co.,Hindustan Lever Ltd., MapMyIndia
Vikas ChauhanCo-founderMBA K.J.SomaiyaPast: Founder, Fresh 'n' Daily
Gaurav Agarwal Co-founder B.Tech (IIT-D) Past : GM (Farmville)- Zynga, NetApp
MAITRI BORUNDIA
Mission:To make healthcare understandable, accessible and affordable
• A comprehensive integrated platform that helps in-
Understanding the medicines taken Buying medicines with just a click Providing cost-effective substitutes to the prescribed
medicines with same composition Free home sample pickups for diagnostic tests/check-ups Providing and booking several health packages from
certified labsMAITRI BORUNDIA
Product/ Services Offerings:
Pharmacy
Diagnostics
Online doctor consultants
AYUSH( alternative to med)
My Health Tips and Feed
MAITRI BORUNDIA
Unique features Booking diagnostic tests with online report facility Comparison with certified labs for error-free results and
accuracy (1mg labs) Assistance in finding the doctors by providing their
entire profile, reviews, ratings, address, etc. (1mg Dr) Booking appointments with best doctors online Pill reminder to take medicines on time(1mg Med
Reminder) Online Consultation Chat-bots for instantaneous aid Regular Heath tips (1mg Capsules)
MAITRI BORUNDIA
Safely Connecting public to local pharmacy
MAITRI BORUNDIA
User friendly Interface (Example)
1mg Dr. (Cluster of best doctors portfolios)
MAITRI BORUNDIA
Current scenario Grown by 600% over the last year in terms of app
downloads and user engagement Over two and a half million app downloads 300 million monthly visits and in12 cities Database of about 100,000 medicines with detailed
information on side effects, interactions and composition Investors include-
Maverick Capital, HBM healthcare investments, Intel Capital, Sequoia Capital, Omidyar Network, Kae Capital
MAITRI BORUNDIA
Future goals Make homeopathy and ayurvedic medicines available
(recent acquisition of Homeobuy)- 1mg Ayush Enter fitness market by offering gym memberships
and services of gym trainers and yoga trainers Mainstream on AYUSH (emphasis of Govt.) Penetrate into 30 more tier1, tier2 and tier3 cities
MAITRI BORUNDIA
Challenges E-pharmacy model not well understood Excessive risk at stake (healthcare segment) Slightest error/fault might lead to unacceptable
consequences Same laws and regulations for online and brick-mortal
pharmacies Currently, not all the facilities outside Delhi and
maximum discounts only in specific cities
MAITRI BORUNDIA
THANK YOU
MAITRI BORUNDIA