Envision Pharmacy, a startup that aims to make online pharmacies the norm, is launching its new online pharmacy in India.
The startup’s aim is to allow consumers to make a prescription online in less than 30 seconds.
The service, called SaveOnPharmacy, was founded by two friends who had never tried online pharmacies before.
“We were trying to build a service that would take a lot of time and effort,” said Vijay Shah, founder and CEO of EnvisionPharmacies.
“We saw a lot more people wanting to get the medication and it was very challenging.
So we thought, why don’t we build it for them and make it affordable?
We thought, this is the future.”
In India, the average cost of a generic prescription is around Rs3,000.
SaveOn Pharmacy aims to reduce that cost by as much as 50% for patients who do not have a doctor or a pharmacist nearby.
The company is offering discounts of up to 20% on most prescription medicines.
Shah, who has a bachelor’s degree in IT from Delhi University, is a co-founder of the startup.
“Our vision is to build this service as a real service for patients.
We think that it will be a real breakthrough in healthcare,” he said.
The product is already available in several Indian pharmacies, including Indica, Medica, and Pharmakon.
In India alone, around 1.5 million people use online pharmacies.
The country is set to overtake China as the world’s largest online pharmacy market by 2019.
This has made online pharmacies one of the most sought after opportunities in the Indian healthcare market.
But Shah said the competition for these patients is tough.
“The demand for online medicines is increasing, but it’s also changing.
There are different players, and there is not a single one that is dominating in India.”
In fact, SaveOn is currently in discussions with more than 50 pharmacies in India, said Shah.
“At the moment, there are only about 30 or 40 companies that offer online medicines.
The competition is going to grow in the next couple of years,” he added.”
In India’s rural areas, there is a big demand for medicines and there are a lot who have not been able to access them before.
And the government is trying to make the rural population better access medicines,” said Shashank Nair, co-chief operating officer of SaveOn.
“I think it’s really important for us to take the initiative to connect people to the medicines they need and make them the most educated about it.”
The company is also offering a mobile app to make it easy for consumers to access the medication at their convenience.
“It’s not just about having a prescription, but also a list of all the medications you need.
We are trying to provide all the necessary information for people to make an informed decision,” said Nair.
The company has been in talks with pharma companies and pharmaceutical firms to build out its online pharmacy.
Its main focus right now is on improving the delivery of medicines, which will include delivery of medication by road.
The new product is still in early stages, and it is expected to launch in early 2017.