MedPlusMart
MedPlusMart is a privately held Indian online pharmacy founded in 2006 and headquartered in Hyderabad, operating a website-based e-commerce platform that sells medicines and general pharmacy products directly to individual consumers with doorstep delivery across India.
- Company typePrivate
- Founded2006
- HeadquartersHyderabad, India
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What MedPlusMart does
MedPlusMart is a privately held online pharmacy operating in India, founded in 2006 and headquartered in Hyderabad. The company runs a single e-commerce platform (medplusmart.com) that sells medicines and general pharmacy products to SMB buyers and individual consumers, positioning itself on a "best value on medicines" proposition. Distribution is entirely through its own web storefront with doorstep delivery across India; no mobile app, marketplace listings, or third-party integrations are documented.
The company employs between 501 and 1,000 people and is led by CEO Dr. Madhukar Gangadi. The product surface is described as a unified pharmacy platform rather than a modular suite, with no disclosed proprietary technology, APIs, SDKs, or AI/ML features. Pricing, customer acquisition channels, and revenue mechanics are not publicly disclosed.
The business model is a direct-to-consumer e-commerce pharmacy serving individual end-customers in India, with no enterprise segment, no disclosed investor base, no funding rounds, no M&A activity, and no partnerships catalogued in the available sources. Operating geographies are limited to India (South Asia), with no global footprint or geographic restrictions noted. The company has been continuously operating since 2006, indicating a mature but information-light profile relative to peer Indian e-pharmacies.
MedPlusMart firmographics
Firmographics- Name
- MedPlusMart
- Website
- https://medplusmart.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- MedPlusMart is a privately held Indian online pharmacy founded in 2006 and headquartered in Hyderabad, operating a website-based e-commerce platform that sells medicines and general pharmacy products directly to individual consumers with doorstep delivery across India.
- Ownership category
- akta.pro rank
MedPlusMart industry classification
Industry- Product category
- Online Pharmacy
- NAICS
- Pharmacies and Drug Retailers (456110), Pharmacies and Drug Retailers (45611), Health and Personal Care Retailers (456)
- SIC
- Retail-Drug Stores And Proprietary Stores (5912)
- akta.pro primary industry
- Pharmacy & Health Essentials Delivery (CRAFAFAI)
- akta.pro secondary industries
- Health & Pharmacy Omnichannel (CRAFAEAK), Telepharmacy & Prescription Fulfillment Marketplaces (HLALALAF), Mail-Order Pharmacy & Home Delivery (HLAEAKAF)
Keywords
Where MedPlusMart is headquartered
LocationHeadquarters
- HQ city
- Hyderabad
- HQ country
- India
- HQ region
- Asia
Markets served
MedPlusMart business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
Distribution channels1 record
MedPlusMart product offering
Product offeringCore offering
MedPlusMart operates an online pharmacy platform in India that sells medicines and general pharmacy/health products directly to consumers through its own e-commerce storefront. The platform provides doorstep delivery of medicines and positions itself on best-value pricing, functioning as a unified e-pharmacy service rather than a multi-product marketplace.
Product overview
MedPlusMart operates as a single online pharmacy platform in India, offering consumers the ability to purchase medicines online with doorstep delivery. The platform functions as a unified e-pharmacy service rather than a modular or multi-product architecture.
Differentiator
Problem solved
Functional benefit
Products and services
- MedPlusMart Online Pharmacy Platform An online pharmacy e-commerce platform operating in India that sells medicines and general pharmacy/health products directly to consumers with doorstep delivery, positioning itself on best value for medicines.
Companies that use MedPlusMart
Customer profileIdeal customer profiles1 record
MedPlusMart technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
MedPlusMart partnerships and signals
Strategic signalRecent moves3 records
Expansion highlights2 records
MedPlusMart competitors and assessment
Company assessmentEmerging players
- Practo: Indian digital health platform offering doctor consultations, medicine delivery, and diagnostic bookings. While broader in scope, its medicine delivery feature competes with MedPlusMart for the same online consumer base in India.
- Truemeds: Mumbai-based online pharmacy focused on offering affordable generic substitutes to branded prescriptions. An emerging Indian e-pharmacy player competing on price-conscious medicine delivery, directly overlapping with MedPlusMart's value positioning.
Direct peers
- Tata 1mg: One of India's leading online pharmacy and digital health platforms offering prescription medicine delivery, lab tests, and doctor consultations. Directly competes with MedPlusMart on online medicine ordering and doorstep delivery to Indian consumers.
- Apollo Pharmacy: Operates one of India's largest pharmacy retail chains and has expanded into online medicine ordering and delivery. Comparable because it offers prescription fulfilment through both physical stores and digital channels targeting Indian consumers.
- Netmeds: Mumbai-based online pharmacy acquired by Reliance, offering prescription medicines and health products with home delivery across India. Directly comparable in online medicine ordering model and Indian consumer target market.
- Medlife: Bengaluru-headquartered online pharmacy delivering prescription and OTC medicines across India. Directly comparable business model and target customer, though it has scaled back operations following consolidation activity in the sector.
- PharmEasy: Major Indian online pharmacy and diagnostics aggregator delivering medicines and healthcare products nationwide. Competes head-to-head with MedPlusMart in online prescription and OTC ordering for Indian consumers.
Broad incumbents
- Amazon Pharmacy: Amazon's prescription and OTC medicine delivery service operating in India. Broad incumbent with massive logistics infrastructure offering an overlapping online pharmacy proposition to Indian consumers.
- Flipkart Health+: Flipkart's healthcare vertical offering medicines, lab tests, and wellness products online in India. Broad incumbent leveraging Flipkart's e-commerce platform and reach to compete with MedPlusMart in online medicine delivery.
Others
- PharmEasy (API Holdings parent context: Thyrocare, Aknamed): While Thyrocare itself is diagnostics rather than pharmacy, the broader API Holdings/PharmEasy ecosystem illustrates the type of vertically integrated Indian digital health platform that consolidates pharmacy, diagnostics, and primary care under one brand. Relevant as a structural blueprint for how a scaled Indian e-pharmacy can broaden into adjacent services.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat2 records
Key risks6 records
Key highlights6 records
Customer concentration
MedPlusMart social profiles
Digital presenceMedPlusMart financial estimates
Financial estimateRevenue estimate
Valuation estimate
MedPlusMart leadership team
Management profileNumber of profiles
Profiles1 record
MedPlusMart funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MedPlusMart M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MedPlusMart
What does MedPlusMart do?
MedPlusMart operates an online pharmacy platform in India that sells medicines and general pharmacy/health products directly to consumers through its own e-commerce storefront. The platform provides doorstep delivery of medicines and positions itself on best-value pricing, functioning as a unified e-pharmacy service rather than a multi-product marketplace.
Is MedPlusMart a public or private company?
MedPlusMart is a private company. It is classified as unknown and is currently operating.
When was MedPlusMart founded?
MedPlusMart was founded in 2006. It employs 501 to 1,000 people.
Where is MedPlusMart based?
MedPlusMart is headquartered in Hyderabad, India, in the Asia region.
Who are MedPlusMart's main competitors?
Emerging players on record are Practo and Truemeds. Direct peers are Tata 1mg, Apollo Pharmacy, Netmeds, Medlife and PharmEasy. Broad incumbents are Amazon Pharmacy and Flipkart Health+. PharmEasy (API Holdings parent context: Thyrocare, Aknamed) is listed as an others.
Does MedPlusMart have an API?
No public API is recorded for MedPlusMart.
What industry is MedPlusMart in?
MedPlusMart's product category is Online Pharmacy. Its primary akta.pro industry code is CRAFAFAI, Pharmacy & Health Essentials Delivery, with a secondary code of CRAFAEAK, Health & Pharmacy Omnichannel. Its NAICS code is 456110 and its SIC code is 5912.