Pharmallama has raised INR 2 crores from shark tank season 2. All five sharks, Piyush, Aman, Namita, Amit and Aman, invested in this startup.
Owners asked for 1 crore for 1.5% equity of the company at the valuation of 66.67 crores. Anupam offered 1 crore for 2.2% equity. All five sharks together offered 2 crores for 5% equity. Then owner’s counter offer was for 2 crores for 4% equity.
Also, Read Manetain has raised INR 75 lakhs from shark tank season 2. Aman invested in this startup. Pitchers made an ask for 75 lakhs for 2.5% equity in the company.
The founder of Pharmallama are Arjun Raghunandan, Achintya Dayal and Dipesh Rajpal. Their company was launched in April 2022.
Pharmallama is a company that is making medicine management a stress-free process. With the vision to replace the chaotic medicine Box with Pharmallama was started to give the full-servicing pharmacy a comprehensive medication management platform. They use proprietary technology, machines understand the prescription and are divided into small packets. Every sachet contains information on name, date, dose, and time. To get the medicine box, you need to follow these steps:
- Sign up
- Upload your doctor’s note
- Confirm your doctor’s note and compare the medicine prices with our in-house pharmacist
- and Get your pre-sorted medication delivered straight to your door in just 3 days.
Pharmallama business statistics:
Pharmallama’s one machine cost is 1.3 crores, the packaging cost is ₹20 per order, and the customer acquisition cost is 900. The retention rate is 91%. The average order value is 1400.
Sales in the year 2021-2022 were 17 lakhs. In 2022-2023, sales were 85 lakhs, and last month’s sales were 24 lakhs.
What Problem Does Pharmallama Solve?
They are passionate about simplifying Their customer’s medical needs and solving problems that are taken for granted. They aim to provide an accessible and easy-to-use medicine system that makes it easy to manage and avoid missing doses. Pharmallama has engineers, field experts and in-house pharmacists, and they deliver a seamless experience that saves you time, hassle and stress – so you can focus on getting better.