Online pharmacies in India PharmEasy became a new Indian unicorn company in 2021. Unicorn companies are those that reach a valuation of $1 billion without being listed on the stock […]
PharmEasy became a new Indian unicorn company in 2021. Unicorn companies are those that reach a valuation of $1 billion without being listed on the stock market. PharmEasy is a consumer healthcare “super app”. It provides consumers with on-demand, home delivered access to a wide range of prescription, OTC pharmaceutical, and others. The super app also delivers other consumer healthcare products, comprehensive diagnostic test services, and teleconsultations thereby serving their healthcare needs.
The news shows how online pharmacy becomes popular in India. In fact, in the spring of 2020, the pandemic happened and changed our life almost all over the world. For example, many countries imposed the strict measures on us, so people in the world could not move freely. However, the measures were important at the same time. This was because we did not know how to contain the virus and there was no vaccine at that time.
Our media thinks that restrictions can incentivize new innovations. This is because they give new motivations and opportunities for us to change the current situation. In addition, there are fewer rules relating to healthcare in India, compared to other advanced countries. This environment also leads to new innovations and we can see the example of OMRON.
However, the business environment is different from country to country. So, we can see the other examples in Japan and Spain.
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