Netmeds Acquired
Chennai-based online pharmacy founded in 2015 by Pradeep Dadha (of the Dadha family, in pharma retailing since 1914), selling prescription and OTC medicines, healthcare products and lab tests; majority-acquired by Reliance Retail in August 2020.
Netmeds: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 1 Sep 2018 | Series C | $35 Mn | Daun Penh Cambodia Group Sistema Asia Fund Tanncam Investment | source |
| 31 Oct 2017 | Series B | $14 Mn | Tanncam Investment Sistema Asia Fund | source |
| 25 Oct 2015 | Series A | $50 Mn | OrbiMed MAPE Advisory Group Pradeep Dadha | source |
| 2 May 2015 | Undisclosed | $5 Mn (commitment to increase to $10 Mn) | MAPE Advisory Group Pradeep Dadha | source |
Acquisitions
Recent Signals
-
31 Mar 2025 · financial
Netmeds Healthcare Limited's profit narrows 27% YoY in FY25 as revenue falls 31% source -
23 Oct 2021 · growth-traction
Netmeds introduces subscription deliveries and launches "Netmeds Wholesale" source -
1 May 2021 · ma-strategic
Reliance testing hyperlocal delivery for Netmeds through its store network source -
9 May 2019 · growth-traction
Netmeds to set up 26 fulfilment centres across metros and Tier II cities by 2020 source
News on Netmeds
No coverage of Netmeds linked yet.
L Litmus · by Lapaas
Got an idea like this one? Validate it with the same 9-block framework, free.
Start Free ValidationFAQs on Netmeds
Who founded Netmeds?
Netmeds was founded by Pradeep Dadha, Bruce Schwack in 2015.
How much funding has Netmeds raised?
Netmeds has raised $104 Mn across 4 tracked funding round(s), most recently on 2018-09-01. Figures are compiled from cited public sources.
Who are the investors in Netmeds?
Investors in Netmeds include Daun Penh Cambodia Group, Sistema Asia Fund, Tanncam Investment, OrbiMed, MAPE Advisory Group, Pradeep Dadha.
What does Netmeds do?
Chennai-based online pharmacy founded in 2015 by Pradeep Dadha (of the Dadha family, in pharma retailing since 1914), selling prescription and OTC medicines, healthcare products and lab tests; majority-acquired by Reliance Retail in August 2020.
Where is Netmeds headquartered?
Netmeds is headquartered in Chennai, Tamil Nadu, India.
What is Netmeds's business model?
Netmeds's core value proposition centers on Trusted, affordable PAN-India pharmacy, Accessibility to every Indian, including outlying areas, 100+ years of pharmaceutical heritage and trust.
How does Netmeds make money?
Netmeds's cited revenue streams include Direct sale of medicines & healthcare products, Netmeds Wholesale (B2B distribution).