Online pharmacy Netmeds raises Rs 6.19 cr, in line with its mission to set up 26 Fulfillment Centers by 2020

Netmeds, the healthcare e-commerce portal, has secured Rs 6.19 crore from its parent entity Tresara Health Pvt Ltd.

The Chennai-based company is planning to set up 26 Fulfillment Centers (FCs) across metros and Tier II cities by the year 2020.

Pradeep Dadha, Founder & CEO, Netmeds.com, said, “Our goal is to make medicines affordable & accessible to every Indian and to reach even the most outlying corners of the country. Setting up Fulfilment Centers in Tier-II cities helps us achieve that objective.”

At present, Netmeds has 14 Fulfillment Centers across India, with three centers in Chennai and the rest in Bangalore, Hyderabad, Delhi, Mumbai, Kolkata, Ahmedabad, Pune, Noida, Lucknow, Raipur and Guwahati, respectively.

The online pharmacy has employed over 500 pharmacists, pharmacy technicians, customer service specialists, logistics and warehouse experts, digital payments professionals, and programmers all across the country. It is serving more than 4 million customers in over 610 cities and 19,000 pin codes across India.

The company had acquired clinic management platform KiViHealth in March 2019. It committed close to $10 million to integrate and grow KiViHealth.

In September 2018, Netmeds also announced the acquisition of telemedicine portal JustDoc, and forayed into the diagnostic and consultation segment.