eSwasthya Photo Credit: Shah Junaid/VCCircle

Online pharmacy startup eSwasthya raises angel funding

15 March, 2016

Ahmedabad-based online medicine delivery aggregator eSwasthya has raised an undisclosed amount of seed investment from Hemang Sahani, a member of Lothal Angel Ventures.

The startup, currently present in Ahmedabad, Baroda and Nashik, plans to utilise the capital raised to expand its operations to the rest of Gujarat and to other cities including Mumbai and Pune, Yash Shah, founder and managing director at eSwasthya told VCCircle.

Owned and operated by eSwasthya Mediserve Pvt. Ltd, the startup delivers health and wellness products and services to customers’ doorsteps. The on-demand service provider facilitates orders via its registered pharmacists who validate every prescription and pass them to a pharmacy in the user’s vicinity.

In addition to medicines, the startup offers various pathological services, homecare and hospital-based surgical items, health checkups, and gym and salon services on its platform.

Founded by Shah in 2014, eSwasthya had earlier raised seed funding from UT Rao, chairman of MICA incubator and Rupesh Vasani, dean of Gujarat Technological University (GTU). Shah is also the founder and CEO of an information technology startup named Greyline Infotech.

The online pharmacy space has seen the emergence of a number of players in the past few months and some of them have attracted significant funding from investors, even as the Drug Controller General of India or DGCI has put a strict vigil on online sales of medicines. 

Careongo, which runs a chain of co-branded online pharmacies, raised $300,000 in seed funding from a consortium of investors last month.

Key e-pharmacies, including investor-backed 1mg (formerly known as HealthKartPlus) and Net-Meds Marketplace Pvt Ltd which runs online pharmacy venture under Netmeds.com, have claimed that the drug regulator’s warnings do not impact them. Recently, Practo Technologies Pvt Ltd, which sells web-based clinical management software and runs a platform listing medical professionals, also added a new in-app feature that allows users to order medicines from brick-and-mortar pharmacies in Bangalore.

Recently, DL Lifecare Pvt Ltd, a healthcare startup which helps people connect with medical stores, doctors, pathology labs through its website and app, raised Rs 35 lakh (around $52,000) in seed funding from two angel investors. 


Leave Your Comment
Matrix Partners and Times Internet back pharmacy app Myra Medicines

Matrix Partners and Times Internet back pharmacy app Myra Medicines

Dearton Thomas Hector 2 months ago
Bangalore-based Metarain Software Solutions Pvt Ltd, which runs pharmacy app Myra Medicines, has raised an undisclosed amount in a Series A round of funding co-led...
Exclusive: Health-tech firm Aermed gets angel investment

Exclusive: Health-tech firm Aermed gets angel investment

Shruti Jain and Disha Sharma 7 months ago
Aermed, a full-service pharmacy and lab aggregator with a focus on chronic patients, has raised an undisclosed amount of seed funding in a round led...
Exclusive: Medicine delivery platform Medzin gets angel investment

Exclusive: Medicine delivery platform Medzin gets angel investment

Priya Prasad 8 months ago
Delhi-based Medhealix Healthtech Pvt. Ltd, which operates Medzin, has secured Rs 30 lakhs ($45,000) in fresh funding from existing angel investor A M Sikander, owner...
No Comments

Online pharmacy startup eSwasthya raises angel funding

Powered by WordPress.com VIP