Medkart Pharmacy Pvt Ltd
| Private | |
| ISIN | 🆔 |
| Industry | Pharmacy, Retail, Healthtech |
| Founded 📆 | 2014 |
| Founders 👔 | Ankur Agarwal, Parasharan Chari |
Area served 🗺️ | India |
| Products 📟 | Generic medicines, OTC products, Nutraceuticals |
| Members | |
Number of employees | |
| 🌐 Website | https://www.medkart.in |
| 📇 Address | |
| 📞 telephone | |
Medkart Pharmacy Pvt Ltd is an Indian pharmacy company headquartered in Ahmedabad, Gujarat. The company was founded in 2014 by Ankur Agarwal and Parasharan Chari in Ahmedabad, Gujarat. Medkart operates retail outlets and an online platform for pharmaceutical products. It primarily offers generic medicines and other pharmaceutical products.[1] [2][3]
History
Medkart was established in 2014 by Ankur Agarwal & Parasharan Chari. The company has stated that the aim is to increase access to generic medicines in India. It started with one retail store in Ahmedabad, Gujarat and gradually expanded to other regions in Gujarat & Rajasthan through a hybrid physical and digital approach.[2][3]
Funding
In 2021, Medkart raised ₹40 crore in a Series A funding round led by Insitor Partners & Alkemi Growth Capital, with participation from other investors.[4][5]
Operations
As of 2025, Medkart operates over 100 retail pharmacy outlets across several Indian states including Gujarat & Rajasthan.[2] According to Times of India, Medkart focuses on providing generic medicines as an alternative to branded drugs, targeting customers with chronic conditions. The company offers assistance in identifying generic alternatives to branded prescriptions.[6]
Business Model
Medkart sources medicines from WHO‑GMP certified manufacturers and avoids promotional marketing and branded drug distribution channels. According to co‑founder, Ankur Agarwal, many branded pharmaceuticals incur high costs due to intensive marketing and distribution.[7]
Technology
According to the company, in 2025, Medkart introduced an online platform called Compare Medicines,designed to allow users to view price differences between branded medicines and their generic equivalents.[8]
Leadership
Medkart was founded by Ankur Agarwal and Parasharan Chari. Agarwal oversees supply chain operations, while Chari manages retail functions.[9]
See also
- Generic medicine in India#Challenges and Future Opportunities
- Pradhan Mantri Bharatiya Janaushadhi Pariyojana
- Pharmaceutical industry in India
References
- ↑ "These pharma start-ups are making medicines affordable, cutting monthly budget by half. Here's how". Business Today. 2022-10-13. Retrieved 2025-08-11.
- ↑ 2.0 2.1 2.2 "Medkart Pharmacy launches e‑platform to push generics with price comparisons". ET Pharma. 2025-05-02. Retrieved 2025-08-11.
- ↑ 3.0 3.1 "On a mission to make medicines affordable". Times of India. 2019-12-15. Retrieved 2025-08-11.
- ↑ "Generic drugs retail chain Medkart raises Rs 40 crore in Series A round". The Economic Times. 2021-11-23. Retrieved 2025-08-11.
- ↑ "Generic pharmacy chain Medkart valued at ₹140 crore". The Hindu BusinessLine. 2021-11-23. Retrieved 2025-08-11.
- ↑ "Medkart expands retail footprint with four more stores". The Times of India. 2022-05-24. Retrieved 2025-08-11.
- ↑ "A'bad‑based pharmacy dispenses only the cheapest drug option". Business Standard. 2015-08-10. Retrieved 2025-08-11.
- ↑ "Medkart Pharmacy launches e-platform to push generics with price comparisons". ET Pharma. 2025-05-02. Retrieved 2025-08-11.
- ↑ "Medkart Pharmacy to add 250 stores in next 3 years in Gujarat". The Times of India. 2019-12-18. Retrieved 2025-08-11.
External links
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