Medicomp India Expansion Stage Medicomp India India's 1st Platform To Compare Medicine Prices

software-and-internet

Employees

1-10

Branch/Offices Locations

Mumbai

Incorporated at

India , 2021

Corporate Office

Mumbai

Platform
WFC
Updated: 16 Sep' 2024
Approved: 17 Sep' 2024
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Product Video

Product Description

Medicomp India is a pioneering platform launched to revolutionize medicine price comparison in India. It empowers users to compare prices of branded and generic medicines across multiple online pharmacies, ensuring they find the most cost-effective options. Key features include multi-medicine price comparison, delivery price comparison, and the patented Algorithm, which intelligently Gets Faster Data. Additionally, Medicomp India now offers lab test comparison, further enhancing its commitment to saving users both time and money.


Startup Description

Medicomp India is a new startup created to make medicines more affordable for people in India. It started in December 2021 during the COVID-19 pandemic. MEDICOMP India is the first platform in India that lets users compare prices of medicines from different online pharmacies. The platform has a special feature called ALGO-SUGGEST, which helps users find the cheapest way to buy their medicines. Medicomp India also compares the prices of multiple medicines at once, shows delivery prices, and even compares lab test prices. This helps users save both time and money.


Product Screenshots


Business Model

Medicomp India operates on a commission-based business model. We partner with pharmacies and earn a 5% commission on orders placed through our platform. Additionally, we offer premium features to users for a subscription fee of 9 rupees per month. This dual revenue stream, from both pharmacies and users, ensures a sustainable business model while delivering significant value to our users.


Customers based in

India

Business Modal Type

Marketplace

Type of Sales

B2C, B2B

Competitors

Torus

Teams

Krishil Sheth

Founder & CEO

Are all the founders full-time on this project?

Yes

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