By: M4G Bureau
Last updated : May 08, 2018 11:30 am
The account size is estimated to be upwards of INR 50 crores and will be handled out of the Bangalore office
Led by Pradeep Dadha (Founder and CEO), Netmeds.com is a Chennai-based online pharmacy and is one of the first e-commerce sites to provide digital access to prescription medicines, and over-the-counter products including wellness products, vitamins, diet/fitness supplements, herbal products, pain relievers, diabetic care kits, baby/mother care products, beauty care products, and surgical supplies. Netmeds currently has eight fulfilment centres operational in Chennai, Mumbai, Bengaluru, Hyderabad, Delhi, Pune, Ahmedabad and Kochi. It boasts a long and rich legacy in the pharma industry, since 1914, more than 100 years ago, when the Dadha family first ventured into the pharmaceutical retailing business and later entered into drug manufacturing in 1972. The manufacturing unit, Tamil Nadu Dadha Pharmaceuticals, was later merged with Sun Pharma in 1996. Netmeds began its operations in 2015
“Netmeds is a legacy brand and a future-first brand which thrives on technology & innovation which is also the philosophy at Havas Media Group. Havas’ Meaningful Brands framework centered on digital, will be key in mapping the brand chart for Netmeds. According to our research, brands that are meaningful enjoy 60% higher attachment among consumers in the health & wellness industry and have 85% higher chance of repurchase in the E-com sector. We are excited to have Netmeds.com on our roster. This win further bolsters our E-commerce portfolio.” added Mohit Joshi, Managing Director, Havas Media Group, India.