DHAVAL SHAH, DHARMIL SHETH
Founders, PharmEasy
Over the last year, PharmEasy expanded its business to 700 cities, from five a year ago, and quadrupled its headcount to 1,000. Close to a million customers have registered for the online pharmacy’s services till date, says Sheth. PharmEasy is also using a lot of automation in its services to let registered customers purchase medicines easily by automatically replenishing their stock. The company raised $17 million in a Series B funding from Bessemer Venture Partners and Orios Venture Partners in January 2017.
The Forbes India Impact: “A lot of people, till last year, were not aware of PharmEasy and it was a challenge for us to convince regulators, investors and customers. The recognition from Forbes India has given confidence to all stakeholders,” says Sheth.
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