Pharmeasy is an Indian online pharmacy and healthcare platform that was founded by Dharmil Sheth and Dhaval Shah. In 2015, two Mumbai-based friends founded the business with the goal of providing everyone in India with access to high-quality healthcare at a reasonable price.
Pharmeasy was founded on the simple idea of creating a platform that would link individuals with their neighbourhood pharmacies and make it simpler for them to acquire medications online. Millions of people struggle to find inexpensive healthcare, and the creators saw a chance to improve their lives.
Together, they visited nearby pharmacies to get them to join their platform in order to get things going. Since the majority of pharmacies were hesitant to try new technologies, it was challenging at first. The entrepreneurs continued, though, and they eventually added a few pharmacies to their network.
The number of pharmacies joining Pharmeasy increased as more and more users of the platform spread the word about it. Additionally, the business increased the range of healthcare services it provided by adding diagnostic procedures, medical advice, and other services.
Its user-friendly platform, ideal user interface, and affordability are all factors in Pharmeasy’s success. Pharmeasy allows customers to order medications from the comfort of their homes, and the medications are then delivered right to the customer’s door. Additionally, the business provides its clients with enticing rewards and discount incentives.
Because patients were compelled to stay at home and refrain from visiting pharmacies, the COVID-19 pandemic turned out to be a turning point for Pharmeasy. The business noticed an increase in demand for its services and quickly expanded to match the demand.
The biggest online pharmacy in India was created in 2020 when Pharmeasy joined with Medlife, another Indian online pharmacy company. The company’s reach and product offerings were able to grow thanks to the merger, and it now serves more than 1 million consumers throughout India.
Pharmeasy has received over $600 million in capital from investors and is currently valued at over $1.5 billion. The business has also received numerous honours for its ground-breaking platform and contributions to the healthcare sector.
The success of Dharmil Sheth and Dhaval Shah is proof of the value of determination and creativity. They identified a gap in the healthcare sector and worked continuously to build a platform to fill it. The story they tell serves as motivation for aspiring entrepreneurs who wish to change the world.