Introduction - Dare2Compete

 Startup D IntroductionStartup brings to you an online platform, which can be accessed for all your health needs. It is just like a typical e commerce site for medicines with online consultations and lab test facilities. One can get his allopathic, ayurvedic, homeopathic medicines, vitamins & nutrition supplements and other health-related products delivered at his home. Not only this but you can get a consultancy from a certified doctor SectorE- commerce/HealthcareElectronic commerce or e-commerce (sometimes written as eCommerce) is a business model that lets firms and individuals buy and sell things over the internet. E-commerce operates in all four of the following major market segments:Business to businessBusiness to consumerConsumer to consumerConsumer to businessE-commerce, which can be conducted over computers, tablets, or smartphones may be thought of like a digital version of mail-order catalog shopping. Nearly every imaginable product and service is available through e-commerce transactions, including books, music, plane tickets, and financial services such as stock investing and online banking. As such, it is considered a very disruptive technology.Sector TrendsThe e-commerce has transformed the way business is done in India. The Indian e-commerce market is expected to grow to US$ 200 billion by 2026 from US$ 38.5 billion as of 2017. Much growth of the industry has been triggered by increasing internet and smartphone penetration. The ongoing digital transformation in the country is expected to increase India’s total internet user base to 829 million by 2021 from 604.21 million as of December 2018. India’s internet economy is expected to double from US$125 billion as of April 2017 to US$ 250 billion by 2020, majorly backed by ecommerce. India’s E-commerce revenue is expected to jump from US$ 39 billion in 2017 to US$ 120 billion in 2020, growing at an annual rate of 51 per cent, the highest in the ernment initiativesSince 2014, the Government of India has announced various initiatives namely, Digital India, Make in India, Start-up India, Skill India and Innovation Fund. The timely and effective implementation of such programs will likely support the e-commerce growth in the country. Some of the major initiatives taken by the government to promote the e-commerce sector in India are as follows:In order to increase the participation of foreign players in the e-commerce field, the Indian Government hiked the limit of foreign direct investment (FDI) in the E-commerce marketplace model for up to 100 per cent (in B2B models).The heavy investment of Government of India in rolling out the fiber network for 5G will help boost ecommerce in IndiaIn the Union Budget of 2018-19, government has allocated Rs 8,000 crore (US$ 1.24 billion) to BharatNet Project, to provide broadband services to 150,000 gram panchayatsAs of August 2018, the government is working on the second draft of e-commerce policy, incorporating inputs from various industry stakeholders.Business modelThe online pharmacy store offers the consumer a variety of medicines against a prescription provided to the customer by a registered medical practitioner. The consumer can also purchase OTC (over-the-counter) medicines which do not require a prescription.Value proposition for the customer:A convenient and easy way to buy medicinesCheaper medicines as compared to the medical storesMedicines delivered to the door stepDiscounts and cashback on medicinesOnline consultancy Investments and InvestorsThe company has raised around 37 million dollars in two years from 6 investors in 5 roundsSeries A: It the first round Startup D raised 6 million dollars from Intel Capital, Omidyar Network, and Sequoia Capital.Series B: In Series B round held in April 2016 Startup D raised 16 million dollars existing investors Omidyar Network and Sequoia Capital and new investor Maverick Capitals.Series C: In this round of funding company raised 15 million dollars from HBM Healthcare Investments AG, Sequoia Capital, and Maverick Capitals.Startup D closed a $70 million investment round led by Corisol Holdings, a European family office, with participation from the World Bank's investment arm IFC, at a valuation of around $200 million.The Series-D round also saw South Korea's Redwood Global and Korea Omega Healthcare fund coming onto Startup D's cap table. Existing investors Sequoia Capital, Maverick Ventures, HBM Healthcare investments, Omidyar Network and Kae Capital also participated in the round.ValuationThe company is worth USD 200 millionRecent Ups and DownsIn terms of financial performance, as a standalone company Startup D reported a revenue of INR 54.16 Cr, a jump of 35.7% from INR 39.89 Cr in FY18. At the same time, the expenses jumped 64% to INR 210.34 Cr in FY19 from INR 128.2 Cr in FY18 ................
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