MEDdelivery, the Jaipur based B2B pharma-tech start-up has raised over US $ 1 million in investments from investors such as Auxano Entrepreneur Trust, Lets Venture, Kisho Capital, Venture Garage, Faad Network and Marquee Angels.

The company has enabled local pharmacies to grow their business significantly and it has enabled pharmacies to become capital efficient with just-in-time stock replenishment and data-driven reorder triggers.

According to Aastha Dusad, Co-Founder, MEDdelivery, ``Our aim is to increase accessibility, availability, and affordability of medicines especially in non-metro markets which are dominated by locally-run pharma companies.”

The company offers a catalogue of over one million SKU’s from over 10,000 pharmaceutical brands and has achieved an annualized Gross Merchandise Volume of over Rs 48 crore by catering to small retail pharmacies in Jaipur, with a daily average order size of Rs 5,000 to Rs 15,000.

Rohit Bafna, the second Co-Founder added, ``with local medical stores playing a vital role in these times, we’ve ensured that they have absolutely no hassle while ordering stocks and the supply chain runs efficiently.”

The company operates in over eight cities and the start-up plans to expand its reach to over 100 non-metro cities in the next 18-24 months.

“Our uniquely designed, community-driven data support enables us to provide 100% fulfilment.’’ the third Co-Founder Rahul Gautam, said.