MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

E-commerce companies battling over online pharma retail business

E-commerce companies battling over online pharma retail business

As online pharma retail industries are flourishing unexpectedly, it has become the next big thing in the online retail business. All the big e-commerce giants including Amazon, Flipkart, BigBasket etc. are reportedly in talks to acquire, invest or partner in online pharma retailers to build a high-frequency play in India. Some of the online pharma companies in consideration for this are MedPlus, 1mg, Medlife, PharmEasy etc.

The online medicine delivery system is something in which all the big e-commerce players want to invest as it is a golden opportunity to expand their businesses given easy regulation in pharma retail sector, and profitable business as it involves repeat order from same customers. The interest in this sector has increased since the Indian Government has issued a draft policy for regulating the sector.

According to the sources, Medlife, run by a pharmaceutical company Alkem Labs, is in discussions with Amazon as well as Flipkart. Medplus is also a strong contender for this because of its network of 1,400 stores across India as well as its dominance in online delivery business.

Big basket and Swiggy are also looking to diversify their business and hence planning to partner with e-pharmacies to enter into medicine delivery as well. As all the discussions are in the preliminary stage, companies are denying to comment on it. “We may think of talking for financial investments at this stage. Acquisition is not on the cards”, said Dharmil Sheth, CEO of PharmEasy. Prashant Tandon, CEO of 1mg denies such conversations. Although it is too soon for companies to confirm the news, we can still expect tough competition in this sector soon!

YOU MAY ALSO LIKE

Marketing Partnership: NBA, McDonald’s Will Jointly open NBA Experience Zones India

There is good news for all basketball fans in India. Very soon, NBA themed promotions and experience zones will be launched in India. The announcement...

Dunzo to Raise Funds from Google, others

Dunzo, the app which is trying to make life easier for the people upto some extent plans to raise about Rs. 183 crore from different investors which a...

Sapta Shakti Command Will Be Displaying Defence Technology Equipment at Jaipur Military Station

This event is organised with an aim to provide an opportunity where one and all can experience the developments in the field of defence and security-r...

Samsung is All Set to Roll out Its Galaxy A9 Smartphone On November 20

After Samsung unveiled its new Galaxy A9 smartphone in Singapore last month, the company is all set to launch it in India on November 20. In Singapore...

RECOMMENDED