MrMed, a Chennai-Based Health-Tech Start-Up, Awarded Start-up of the Year 2022 by FICCI
MrMed bagged the ‘Healthcare Start-up of the Year 2022’ at the annual TANCARE event held by FICCI (The Federation of Indian Chambers of Commerce and Industry) in Chennai on 12th November 2022.
MrMed is India’s largest online pharmacy for super specialty medicines like anti-cancer medicine, HIV/ AIDS, arthritis and transplant medicines. MrMed goes beyond the call of a pharma marketplace by providing several patient-centric services, including enrolment and adherence to patient assistance programs (PAP).
The foundation of MrMed was laid in the year 2021 to remove the stigma associated with specialty medicine prices and provide effective treatments at lower prices to patients across India. Since then, MrMed has served the community by,
- Delivering life-saving medicines to 12000+ customers
- Delivering over 30000 orders in over 1200 cities
- Helping patients save more than six crore rupees
Healthcare start-ups provide various solutions across different healthcare areas, like medicines, healthcare products, equipment, diagnostic tests, etc. Healthcare is a highly competitive and regulated sector which plays a major role in the Indian economy. The healthcare market is classified into three main segments – pharmaceutical companies, hospitals and pharmacies. Among these, the pharmacy segment has witnessed strong traction, with a large number of start-ups entering this domain. This is being powered through internet reach and the proliferation of smartphones.
This healthcare segment is governed by multiple regulatory laws like the Drugs & Cosmetics Rules, the Information Technology Act, and the Pharmacy Practice Regulations. Besides, there is also strong opposition from retail pharmacies, that online pharmacies are undercutting them on prices. Questions are been raised on the legality, especially on the delivery of medicine based on a digital prescription in online pharmacies. However, with the draft Pharmaceutical Policy, the Indian government recognised online pharmacies. The start‑ups in this segment have demanded a unified license regime that will allow them to deliver medicines pan-India, and even formed an association called the Indian Internet Pharmacy Association (IIPA) to adhere to various laws governing this segment.
There are various pros and cons of being an online pharmacy. Many people approach online pharmacies to get medicines at discounted prices delivered to them at their comfort and without any hassle. But some people fear being conned and are doubtful about their purchase. However, MrMed, with its excellent team, has managed to conquer it all and emerge as an extremely reliable and patient-centric source to cater to all the super specialty medicine needs.
FICCI is the voice of India's business and industry. In its 14th edition, FICCI TANCARE 2022 observed the theme of “Tamil Nadu Health Ecosystem – Supporting the Vision for Trillion Dollar Economy”.
This event was commemorated in the presence of Hon’ble Thiru. Ma Subramanian, Minister of Health, Medical Education, and Family Welfare, Government of Tamil Nadu, who, along with other leaders from the healthcare industry, angel investors and the Government of Tamil Nadu, honored the recipients with various prestigious healthcare awards.
The conference witnessed the presence of various members belonging to various departments of the healthcare fraternity - from doctors to medical equipment manufacturers to various members from medical insurance, health tech, and start-ups.
During the event, FCCI TANCARE 2022 felicitated various governmental and private institutions, companies, and start-ups with different awards. Thiru. Ma. Subramanian, during the FICCI TANCARE 2022, addressed the audience and said that “Tamil Nadu has always been at the forefront in providing exceptional healthcare and continues to set benchmarks in using cutting-edge technology”. Dr GSK Velu further added that “the FICCI Healthcare Excellence Awards recognizes those organizations and individuals who have contributed in a remarkable way and stood out in the most challenging situations showcasing their strong determination in upheaval of healthcare in the state.”
Among all the awards, one is the FICCI TANCARE Start-up (s) of the Year. In order to win this prestigious award, a healthcare start-up has to meet the objectives set by FICCI. These objectives included the following,
- Showing operational excellence
- Increased efficiency and improved performance of healthcare delivery at large
- And innovating for the betterment of the industry
And MrMed has been recognized by FICCI for meeting their objectives with their excellent service and has been awarded “Healthcare Startup of the Year 2022”.
MrMed, with its vision to create a transparent, trustworthy, and efficient healthcare ecosystem using technology that makes patient care more accessible and affordable, triumphed. MrMed succeeded in meeting all the set objective standards by being an extremely reliable and patient-centric source to cater to all the super speciality medicines needs of our patients.
Being awarded FICCI TANCARE Start-up (s) of the Year 2022 is an achievement that MrMed owes to all its customers and its team.
Devashish Singh and Saurab Jain, founders of MrMed said, “We would like to thank our trusted customers, the team and partners for this award. Their continued trust in us means more to us than a certificate or a trophy. It does feel good to be recognised for the hard work put in by the entire MrMed team – we promise to continue to put our best efforts forward”.