Netmeds - About the company
Netmeds is an acquired company based in Chennai (India), founded in 2015 by Mohanchand Pradeep Dadha. It operates as a Provider of an online store for medicines and healthcare products. Netmeds has raised $109M in funding from investors like Orbimed, Daun Penh Cambodia Group and MAPE, with last known valuation of $*****. The company has 3064 active competitors, including 133 funded and 100 that have exited. Its top competitors include companies like NimbleRx, Alto and Blink Health.
Company Details
NetMeds is a provider of an online store for medicines and healthcare products. It provides an online platform that offers prescription, over-the-counter drugs, and healthcare and wellness products. Users can directly search for medicine or upload their prescriptions. It allows users to book for diagnostic tests and buy various healthcare products such as skincare, family care, baby care, devices, surgical, and many more.
- Website
- www.netmeds.com/
- Social
- Email ID
- *****@netmeds.com
- Phone Number
- +91 **********
- Registered Address
- 9TH FLOOR MAKER CHAMBERS IV222, NARIMAN POINT, Mumbai City, MUMBAI, Maharashtra, India, 400021
Key Metrics
Founded Year
2015
Location
Chennai, India
Stage
Acquired
Total Funding
$109M in 4 rounds
Latest Funding Round
Last Known Valuation
$***** as on Aug 18, 2020
Ranked
20th among 3064 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
1,594 as on Aug 31, 2026
Investment & Acquisitions
Exit Details
Acquired by Reliance Retail (Aug 18, 2020)
Legal entities associated with Netmeds
Netmeds is associated with 7 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
RELIANCE RETAIL LIMITED CIN: U17120MH1998PLC114010 , India, Amalgamated | Mar 17, 1998 | ₹1,000+ Cr (As on Mar 31, 2024) | 39143 (As on Feb 28, 2025) | |
MEDRX TECHNOLOGIES LLP CIN: AAJ-0943 , India, Strike off | Apr 07, 2017 | 0 - ₹10 Cr (As on Mar 31, 2023) | - | |
NETMEDS HEALTHCARE LIMITED CIN: U51505MH2010PLC447670 , India, Active | Aug 24, 2010 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | - | |
Tresara Health Limited CIN: U74900MH2015PLC438490 , India, Active | Aug 21, 2015 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 8 (As on Jan 31, 2025) | |
Vitalic Health Limited CIN: U74999MH2015PLC447668 , India, Active | Sep 07, 2015 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 50 (As on Feb 01, 2026) | |
RELIANCE RETAIL VENTURES LIMITED CIN: U51909MH2006PLC166166 , India, Active | Dec 13, 2006 | ₹1,000+ Cr (As on Mar 31, 2025) | 487 (As on Aug 31, 2025) | |
Tresara Health Private Limited CIN: U74900TN2015PTC101916 , India, Active | Aug 20, 2015 | ₹100 - ₹500 Cr (As on Mar 31, 2021) | 4 (As on Oct 01, 2025) |
Netmeds's acquisition details
Netmeds got acquired by Reliance Retail on Aug 18, 2020.
Click here to take a look at Netmeds's acquisition in detail
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Netmeds's funding and investors
Netmeds has raised a total funding of $109M over 4 rounds. Its first funding round was on May 02, 2015. Its latest funding round was a Series C round on Sep 01, 2018 for $*****. 3 investors participated in its latest round. Netmeds has 8 institutional investors.
Here is the list of recent funding rounds of Netmeds:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 01, 2018 | 2967610 | Series C | 4444695 | 6632198 | 6559299 | 9702665 |
Oct 31, 2017 | 4529556 | Series B | 3912354 | 2872218 | 9110336 | |
Oct 26, 2015 | 2312713 | Series B | 9847057 | 9833202 | 8323178 |
Access funding benchmarks and valuations. Sign up today!View details of Netmeds's funding rounds and investors
Netmeds' founders and board of directors
Founder? Claim ProfileThe founders of Netmeds is Mohanchand Pradeep Dadha. Mohanchand Pradeep Dadha is the CEO of Netmeds.
Here are the details of Netmeds' key team members:
- Mohanchand Pradeep Dadha: Founder & CEO of Netmeds. They are also an angel investor in 1 startup and serve on the boards of 3 companies.Contact Info: 1 email address and 1 phone number
Netmeds' Board of Directors
Netmeds's board has 7 active members. Mohanchand Pradeep Dadha, Mathrubutham Ramprasad, Advait Suhas Pandit and Subhagmal Mohanchand Dadha are part of team and Advait Suhas Pandit, Jethusingh Sohan Singh Bhati and Ramprasad Mathrubutham are independent board members.Here is the list of Netmeds' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 11y 6m | |
Team | - | Current | 16y 0m | |
pafrhor | Team | - | Current | 7y 1m |
facvvfg | Investor | xndff{f | Past | 9y 5m |
Independent board member | - | Current | 5y 7m | |
bfzfgew | Independent board member | - | Current | 1y 9m |
furoxqo | Independent board member | - | Current | 3y 2m |
nnxzwhx | Independent board member | - | Past | 5y 9m |
mhdgejj | Independent board member | - | Past | 3y 8m |
kqfhgdr | Independent board member | - | Past | 9y 9m |
View details of Netmeds's Founder profiles and Board Members
Netmeds' employee count trend
Netmeds has 1,594 employees as of Aug 26. Here is Netmeds's employee count trend over the years:
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Netmeds's Competitors and alternates
Top competitors of Netmeds include NimbleRx, Alto and Blink Health. Here is the list of Top 10 competitors of Netmeds, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | NimbleRx 2015, Palo Alto (United States), Acquired | Provider of digital pharmacy management software and prescription delivery services | $74.7M | 75/100 | |
2nd | _1584015723684.png?devicePixelRatio=2&height=30&width=30){kind=logo} Alto 2015, San Francisco (United States), Acquired | Online pharmacy offering prescription delivery services | $592M | 75/100 | |
3rd |  Blink Health 2015, New York City (United States), Series B | Online pharmacy offering discounted prescription drugs | $165M | 75/100 | |
4th | Online pharmacy providing pharmacy products and healthcare services | $88.3M | 74/100 | ||
5th | SastaSundar 2011, Kolkata (India), Acquired | Provider of an online marketplace for health care products | $48.2M | 74/100 | |
6th | Pharmacy2U 1999, Leeds (United Kingdom), Series C | Online pharmacy and teleconsultation platform | $313M | 74/100 | |
7th |  Arogga 2020, Dhaka (Bangladesh), Seed | Provider of an online pharmacy for healthcare products | $5.7M | 71/100 | |
8th | Online medical store offering pharmaceutical products and diagnostic services | $688M | 70/100 | ||
9th |  Thirty Madison 2017, New York City (United States), Acquired | Healthcare platform offers various brands and personalized treatments | $210M | 67/100 | |
10th | Provider of an online pharmacy for medications | - | 66/100 | ||
20th | Provider of an online store for medicines and healthcare products | $109M | 61/100 |
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Netmeds's Investments and acquisitions
Netmeds has acquired 3 companies including Kivi Health, JustDoc and Pluss. Netmeds has not made any investments as of now.Here is the list of its acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Mar 25, 2019 | Acquisition | 2015 | Ahmedabad (India) | |
Sep 25, 2018 | Acquisition | 2015 | Bengaluru (India) | |
Nov 24, 2016 | Acquisition | 2013 | Gurugram (India) |
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Reports related to Netmeds
Here is the latest report on Netmeds's sector:
News related to Netmeds
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AstroSure.ai Launches in India Backed by $6 Million Seed RoundPassionate In Marketing•Jan 17, 2025•AstroSure, Netmeds
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PharmEasy raises $216m in round led by Ranjan Pai's MEMGDeal Street Asia•Apr 30, 2024•PharmEasy, Manipal, Manipal Group, Whale Wisdom and 9 others
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Tata 1mg plans rapid offline foray by end of yearMoneycontrol•Jun 02, 2023•Tata 1mg, Netmeds, PharmEasy
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Net Medical Confirms Strong First Half 2022: Expects Strong Second HalfACCESSWIRE•Aug 15, 2022•Netmeds
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Reliance Retail acquired pharmacy, Netmeds' income falls by 44%TechStory•Jan 25, 2021•Reliance Retail, Netmeds
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