Dadha Pharma to launch online pharmacy Net-Meds in Chennai

MAPE Advisory Group, which advises on private equity funds and M&A deals, announced its plans to invest in a yet-to-be launched online pharma chain


A hundred-year-old pharma distribution company in Chennai has decided to enter the ecommerce space. Dadha & Company, a name that is said to be synonymous with pharmacy distribution throughout the south of India will now reduce its destination barriers by capitalizing on the internet's vast potential to reach out to a larger pool of people.

Last week, Bengaluru-based investment bank MAPE Advisory Group, which advises on private equity funds and M&A deals, announced its plans to invest in a yet-to-be launched online pharma chain Net-Meds Marketplace Private Ltd. MAPE Advisory along with Dadha Pharma's founder Pradeep Dadha will initially invest Rs 30 crore inNet-Meds, with a further commitment to increase it to Rs 60 crore. 

Headquartered in Chennai, Dadha Pharma Private Limited was founded in 1914 by Mohanchand Dadha's forefathers. Since its inception, the company's profile speaks as a trusted source for pharmaceutical supplies. The company's Senior Director, S Mohanchand Dadha is a third generation entrepreneur with vast industry and financial experience and is a long-standing member of the Board of Directors of Sun Pharmaceutical Industries Ltd.

The online pharmacy, is owned and operated by Netmeds Marketplace, Ltd. a licensed pharmacy. Netmeds is an ecommerce portal where consumers with valid prescriptions can upload their prescriptions, via scan or pic, by email or Whatsapp, and once the prescription is validated by Netmeds pharmacists, consumers can shop for their medicine, both branded and low-cost generic variants, for all chronic conditions like diabetes, high cholesterol, blood pressure, and cardiovascular diseases. The company has collaborated with Indian Post to ship the medicines to the consumers within 2 to 4 days across India.

Netmeds plans to launch its website later this month and is putting final touches to its marketing campaign, which it plans to launch simultaneously. It will sell prescription and over-the-counter (OTC) drugs, supplying over 15,000 stock keeping units (SKUs) across India from its warehouse in Chennai.

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6 Comment Comment 1 - 2 of 2

Prasad Bhalerao 5 January 2016 at 09:42 PM

I ordered one Medical Instrument online from netmeds , I was astonished to receive message from company that my order has been cancelled as the said Article is out of stock?? , is it not funny to have such reply from a company having business online that too after receiving money from customer . If article was out of stock how one can accept order and payment and cancel it afterwards , I am unable to understand why this has happened and can it happen ?? I am not able to understand and how to react Prasad



C S Ananda Krishna Guptha 12 October 2015 at 08:00 AM

I had bypass surgery in M R Hospital. chennai.I need the following medicines for every month as adviced by Dr,Anandan MS .MCH. 1,Avcor -5mg 30 tablets. 2.Angibloc ER 12.5. 60 tablets. 3.Trimcard MR.35 mg 75 tablets, 4.Carpig REL A -30 trablets 5. convistat 20mg 30 tablets.,please advice where can buythe above medicines at chennai .. thanking you. csaguptha triplicane. chennai. cell-9444368516


Ragini Tue Dec 08 at 02:21 PM

Hi Sir, hope you are doing well, I found very helpful in providing medicines to chronic patients, you can try.

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