BigChemist will become a Rs 15 crore entity in near future

A science graduate from urban center University associate degreed an Master in Business Administration from IFIM graduate school, Puneet Kapoor (41) has dead over a hundred and fifty ERP and Bi comes of assorted size and complexness, across team roles, in his seventeen years of skilled journey. In might 2013, Puneet and his colleagues, Arvind Yadav and Anil Asnani, determined to start out BigChemist.com. BigChemist is associate degree integrated on-line marketplace for care product and services across price chain, with concentrate on serving B2C associate degreed B2B as an omni-channel expertise. Puneet says,

The aim behind BigChemist.com is to facilitate folks with originality in drugs at real value and make awareness on generic pharmaceutical wants. BigChemist.com presently has over five.6 large integer guests with over twenty,000 registered customers.

In the last 2 years, the team at BigChemist centered closely on analysing the company market, understanding the key pain points in offer and demand areas, and studied however the native pharmacies operate, their scope for profitableness and revenue increase. BigChemist.com was started with a seed capital of $1 million. So far, 0.5 1,000,000 has been utilized in escalating the business operation. the largest challenge that the startup at first sweet-faced and still will is that the non-availability of a sound prescription with the order, that ends up in it obtaining rejected.

 Many customers aren’t even attentive to the necessary want for prescription as they need developed a habit of shopping for medicines from native chemists while not such demand. Consumers will order medicines via BigChemist’s mobile app or web site. The app has the feature of fast Order wherever one will take an image of the prescription and transfer it. Once the health care provider validates the prescription, customers get notification to verify and get hold of the order. Then the order is processed and delivered at the customer’s threshold. It takes twenty four to seventy two hours for delivery.

 The startup has served 191 cities across India and has involved with 3 provision partners – BookAWheel, GoJava and Delhivery. It receives a hundred and fifty to two hundred orders every day with a price tag size of Rs 700 to 750. BigChemist has each on-line likewise as offline presence with physical stores in urban center and NCR. The startup presently features a work force of sixty folks. With 1.5 large integer SKUs, the merchandise offerings cowl care and mode eudaimonia classes like health and nutrition, sports & fitness devices, parenting, attention, beauty and fragrance, and adult product. It offers fifteen per cent discount on medicines and with its loyalty programme BigHeart, users will earn reward points for immediate redemption.

BigChemist features a network of thirty authorised distributors or channels to obtain directly from makers. The product square measure then keep during a clean surroundings with correct bar cryptography and flexibility. Puneet says,

All our product square measure shipped with necessary info like manufacturer details, batch range, termination details, etc. this permits for complete pursuit of that product. All drugs orders square measure processed by qualified health care provider in operations and store. Even our client care is manned by qualified health care provider. All purchases square measure on the invoice from authorised channels with drug licence details at their finish.

As an area of the enlargement arrange, BigChemist can open its physical stores in eight cities- city, Bengaluru, Chennai, Hyderabad, Lucknow, Jaipur, city and Pune. It conjointly has plans to possess one signature store altogether the main cities wherever customers will expertise the offerings and share their feedback face to face. Puneet adds, “Our major investments are towards developing the system by investment within the POS hardware, software, price chain integrated business application for B2B and B2C marketplace.”

BigChemist is functioning towards unwellness management programmes that, consistent with Puneet, square measure presently out of stock within the market. The programme can focus each on preventive and corrective aspects of the unwellness. it’s conjointly collaborated with e-clinics to supply instant video consulting which can before long be integrated within the platform. Moreover, the startup is within the method of collaborating with care service suppliers to supply consultation and nosology services.

Our take
IT infrastructure and package and strong offer chain play a serious role in fuelling the innovation within the e-pharmacy section. consistent with a care report by KEN analysis, on-line sales of care product in India generated a revenue of over Rs five,000 million in FY 2015 that surpassed the Rs 771 million in FY 2012. In addition, the common order size of the care product has been calculable at Rs one,762.0 in FY 2015. Startups like 1mgAyush.com, Healthkart, Healthgenie, Healthadda, mChemist and Deemark Health square measure within the tug of war to grab the larger pie within the market.

In July, the Central government shaped a medication consultatory Committee that features a dedicated sub-committee to appear into the viability of e-pharmacy business model and are available up with a draft restrictive policy for adoption for the e-pharmacies to control. BigChemist appears to be additional cautious whereas merchandising the medicines and thus operates in strict compliance with medication and cosmetics rules, pharmacy apply rules and alternative necessary acts. It conjointly has correct drug licence to dispense the medicines from the authorized location.

Article publié pour la première fois le 30/12/2015

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