1mg | By Lemon Entrepreneurs

12
1mg We want you to be in-charge of your medical care. -Maitri Borundia

Transcript of 1mg | By Lemon Entrepreneurs

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We want you to be in-charge of your medical care.

-Maitri Borundia

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Background Online pharmacy network and generic medicine engine

based in Gurgaon, Haryana India’s largest and best consumer health platform Started as HealthKartPlus, a medical information repository

(now a nutrition brand) Hived off and Founded in 2015 Recognized by Government of India - Ministry of Health &

Family Welfare as a m-health initiative Raised fresh funding of $2,20,00,000 and backed by the

competitior’s (Practo) investor- Sequoia capital

MAITRI BORUNDIA

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CofoundersPrashant Tandon Co-founder, B.Tech (IIT-D), MBA (Stanford)Past: McKinsey & Co.,Hindustan Lever Ltd., MapMyIndia

Vikas ChauhanCo-founderMBA K.J.SomaiyaPast: Founder, Fresh 'n' Daily

Gaurav Agarwal Co-founder B.Tech (IIT-D) Past : GM (Farmville)- Zynga, NetApp

MAITRI BORUNDIA

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Mission:To make healthcare understandable, accessible and affordable

• A comprehensive integrated platform that helps in-

Understanding the medicines taken Buying medicines with just a click Providing cost-effective substitutes to the prescribed

medicines with same composition Free home sample pickups for diagnostic tests/check-ups Providing and booking several health packages from

certified labsMAITRI BORUNDIA

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Product/ Services Offerings:

Pharmacy

Diagnostics

Online doctor consultants

AYUSH( alternative to med)

My Health Tips and Feed

MAITRI BORUNDIA

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Unique features Booking diagnostic tests with online report facility Comparison with certified labs for error-free results and

accuracy (1mg labs) Assistance in finding the doctors by providing their

entire profile, reviews, ratings, address, etc. (1mg Dr) Booking appointments with best doctors online Pill reminder to take medicines on time(1mg Med

Reminder) Online Consultation Chat-bots for instantaneous aid Regular Heath tips (1mg Capsules)

MAITRI BORUNDIA

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Safely Connecting public to local pharmacy

MAITRI BORUNDIA

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User friendly Interface (Example)

1mg Dr. (Cluster of best doctors portfolios)

MAITRI BORUNDIA

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Current scenario Grown by 600% over the last year in terms of app

downloads and user engagement Over two and a half million app downloads 300 million monthly visits and in12 cities Database of about 100,000 medicines with detailed

information on side effects, interactions and composition Investors include-

Maverick Capital, HBM healthcare investments, Intel Capital, Sequoia Capital, Omidyar Network, Kae Capital

MAITRI BORUNDIA

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Future goals Make homeopathy and ayurvedic medicines available

(recent acquisition of Homeobuy)- 1mg Ayush Enter fitness market by offering gym memberships

and services of gym trainers and yoga trainers Mainstream on AYUSH (emphasis of Govt.) Penetrate into 30 more tier1, tier2 and tier3 cities

MAITRI BORUNDIA

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Challenges E-pharmacy model not well understood Excessive risk at stake (healthcare segment) Slightest error/fault might lead to unacceptable

consequences Same laws and regulations for online and brick-mortal

pharmacies Currently, not all the facilities outside Delhi and

maximum discounts only in specific cities

MAITRI BORUNDIA

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THANK YOU

MAITRI BORUNDIA