MrMed
 | |
| Company type | Private |
|---|---|
| Industry | Healthcare E-commerce |
| Founded | 2020 |
| Founder | Saurab Jain Devashish Singh |
| Headquarters | |
Area served | India |
Key people | Devashish Singh (Co-Founder & CEO) Saurab Jain (Co-Founder & CBO) |
| Revenue |  ₹16 crore (US$1.9 million) (2023)[1] |
Number of employees | 66 |
MrMed is an online pharmacy for super-specialty medicines based in India. It was founded by Devashish Singh and Saurab Jain and has its headquarters in Chennai.[2] In 2022, the company received an award from the Government of Tamil Nadu for its contributions to healthcare.[3]
History
[edit]MrMed was conceived in August 2020 when Devashish Singh and Saurab Jain[4] noticed challenges in specialty medicines.[5] Despite facing initial setbacks due to the Covid Delta wave in India, which prompted the founders and their team to prioritize community assistance, MrMed was officially launched in June 2021.[2] The company launched its mobile app in March 2023 for access to speciality medicines for conditions such as cancer, transplants, kidney, or liver diseases.[6] It also raised $500,000 in funding from the Tamil Nadu Emerging Sector Seed Fund (TNESSF) and angel investors.[7][8][9]
In 2024, the company expanded its operations by opening a retail store in Chennai through a partnership with BDK Pharma.[10]
Operations
[edit]MrMed's headquarters are in Chennai, with dispatch hubs located in Delhi and Bangalore. According to the Economic Times, the company reported an Annual Recurring Revenue (ARR) of ₹26 crore.[2]
Awards and recognition
[edit]In 2022, MrMed was awarded the Health Care Start-up Of The Year by the Federation of Indian Chambers of Commerce and Industry (FICCI) in Chennai, presented by Ma. Subramanian, the Minister for Health and Family Welfare, Government of Tamil Nadu.[11][3]
See also
[edit]References
[edit]- ^ Borpuzari, Pranbihanga (7 November 2023). "The Economic Times".
- ^ a b c Borpuzari, Pranbihanga (2023-11-07). "Economic times". ISSN 0013-0389. Retrieved 2024-05-03.
- ^ a b "MrMed awarded Start-up of the Year 2022 by FICCI by Mrmed Online Pharmacy - Issuu". issuu.com. 2022-12-01. Retrieved 2024-05-03.
- ^ Koul, Rahul (2023-08-29). ""Problem statement is quite unique in specialized medications"". BioVoiceNews. Retrieved 2024-05-03.
- ^ "MrMed's contribution to drug adherence and patient engagement - Elets eHealth". eHealth Magazine. 2023-05-30. Retrieved 2024-05-03.
- ^ "MrMed launches mobile app for access to affordable super-specialty medicines". The Economic Times. 2023-03-29. ISSN 0013-0389. Retrieved 2024-09-10.
- ^ Kandavel, Sangeetha (2023-08-30). "Online pharmacy MrMed raises $500,000 from Tamil Nadu Emerging Sector Seed Fund". The Hindu. ISSN 0971-751X. Retrieved 2024-05-03.
- ^ "MrMed raises $500k from TNESSF". The Times of India. 2023-08-31. ISSN 0971-8257. Retrieved 2024-05-03.
- ^ "Specialty pharmacy MrMed raises $500,000 from Tamil Nadu Emerging Sector Seed Fund". The Economic Times. 2023-08-30. ISSN 0013-0389. Retrieved 2024-05-03.
- ^ "MrMed ventures into physical retail space with launch of store in Chennai". The Economic Times. 2024-04-25. ISSN 0013-0389. Retrieved 2024-05-03.
- ^ "medgatetoday". Retrieved 2024-05-03.