What Happened to Pharmallama After Shark Tank India?

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What is Pharmallama?

Pharmallama is a smart medicine box company that provides medicine in sachet format. If you use the Pharmallama medicine box, you don’t have to worry about the quantity & timing of your daily medicines.

They are basically PillPack of India.

Who is the Founder of Pharmallama?

Arjun Raghunandan, Achintya Dayal & Deepesh Rajpal are the founders of Pharmallama.

Pharmallama Before Shark Tank India?

They launched Pharmallama in April 2022. Till now, they’ve served 5000+ customers.

How much money did they ask for on the pitch?

They came to Shark Tank India seeking ₹1 Crore for 1.5% equity in the company. Which gives the company a valuation of ₹66.67 Crores.

How much money did they raise for Pharmallama?

They raised ₹5 Crores from ACG Pam Pac. In return, they gave 50.9% equity in the company.

How to use Pharmallama?

Pharmallama has taken the whole medicine industry and made it simple for consumers.

  1. First, you need to open the Pharmallama application and upload your prescription there.
  2. After you upload a clear picture of your prescription, it will pop up on the Pharmallama dashboard.
  3. One registered pharmacist will check your prescription and finalize whether it’s authentic or not.
  4. One key feature of Pharmallama is, that if you purchase medicines for 10 days, it will provide you with medicines for 10 days, not the whole pack. So, you’re actually saving a lot of money.
  5. The registered pharmacist will call you and confirm your order.
  6. After confirming the medicine order, that order will go into processing.
  7. Your medicines will go into a quality check.
  8. After the quality check, all the medicines will be inside sachets for daily use.
  9. All the sachets will be in a box packet.
  10. They worked with ACG Pam Pac and made the IOT machines to solve this problem.

Unit Economics of Pharmallama

Their customer acquisition cost is ₹900. The average order value is ₹1400. Their retention rate is 91%.

What are the Annual Sales of Pharmallama?

Fiscal YearAnnual Sales
2021 – 2022₹17 Lakhs
2022 – 2023₹85 Lakhs (Till Date)

Which shark gave Pharmallama an offer?

Anupam Mittal gave the 1st offer. He offered them ₹1 Crore for 2.22%.

Offer 1Offer 2
Anupam Mittal – ₹1 Crore for 2.22%Aman Gupta, Amit Jain, Peyush Bansal, Anupam Mittal & Namita Thapar – ₹2 Crores for 5%

All the sharks were interested in the business. All 5 sharks gave a combined offer. They offered ₹2 Crores for 5% and the founders took that deal.

What deal did Pharmallama get in Shark Tank India?

Pharmallama got a 5 shark deal in Shark Tank India from Aman Gupta, Amit Jain, Peyush Bansal, Anupam Mittal & Namita Thapar. All shark deals happen very rarely. The deal was ₹2 Crores for 5%.

Company NamePharmallama
FounderArjun Raghunandan, Achintya Dayal & Deepesh Rajpal
Asked Amount₹1 Crore for 1.5%
Final Deal₹2 Crores for 5%
SharksAman Gupta, Amit Jain, Peyush Bansal, Anupam Mittal & Namita Thapar
Company Net Worth₹40 Crores
Company Websitepharmallama.com
Company StatusIn Business

What is the net worth of Pharmallama?

After the all-shark deal in Shark Tank India, the net worth of Pharmallama is ₹40 Crores.

Is Pharmallama still in Business?

Yes, Pharmallama is still in business and delivering medicines in smart sachet packets.

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