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GenMed
Making Medicines Affordable
Generic medicines are of the same quality &
composition as the branded medicines & are
available at cheaper rates.But it is not available in
markets as doctors write commercial medicines like
Ranbaxy & Cipla.
The idea is to sell generic medicines nationwide &
make medicines affordable.
Problem
1. High cost of medicines makes it hard for low income families
to afford medication.
2. We often have leftover medicines which we throw away.
3. Lack of awareness about generic medicines.
Solution
1. Generic Medicines which have the same effect as branded
medicines & is much less costly.
2. Leftover medicines can be processed to extract common salt &
be used to make generic medicines
3. Marketing & awareness programs for patient awareness.
Unique Value Proposition
We sell generic medicines. They are equally effective as branded
medicines & are available at much cheaper rates.
For instance
Rs 1000 branded medicine are available at Rs 20
which has the same salt(compound).
Unfair Advantage
1.First startup to take initiative to make generic medicines more
reachable & affordable to masses.
2.Exclusive partnership with generic medical stores.
Customer Segments
Lower & middle income class of the society.
Channels
1. Content Marketing - We will write blogs about generic
medicines & drive traffic to our online stores and app.
2. Consumer awareness Programs among low income
families
3. Online & Offline Advertising about drugs & shops
4. Affiliation with NGOs to spread awareness
5. Tie-Up with NGOs.
6. Helpline Number.
Revenue Streams
1. Commissions from Sellers registered with us=3000*50*12 =
18,00,000.
2. Selling data about people getting sick & metrics of disease type
to research firms & survey institutes.
3. In App+Website Advertisements
4. Expected Breakeven 4-5 years at an average commision of
7000 per month from more than 100 shops in Delhi/NCR.
Cost Structure
for Year 1 - Operational in Delhi/NCR Region
1. Hosting & server = 5000
2. Delivery Boys =20 + Salary =10*7000*12 = 8,40,000
3. Content Marketing & Online Marketing = 2,00,000
4. Consumer Awareness programs & Offline
Marketing =10,00,000
5. Staff Salary - Marketing + Sales = 20000*12 = 2,40,000
Key Metrics
Numbers of buyers from rural & urban areas.
Increase in number of buyers of generic medicines per
month.
Numbers of people giving away leftover medicine for credit to
buy generic medicine.
Resources/Statistics used(some weird images:)
Resources/Statistics used
This idea is manifested by
Nauman,Palak &
Radhika Dutt.

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GIT BS.pptx about human body their structure andGIT BS.pptx about human body their structure and
GIT BS.pptx about human body their structure and
 

Pitch presentation

  • 1. GenMed Making Medicines Affordable Generic medicines are of the same quality & composition as the branded medicines & are available at cheaper rates.But it is not available in markets as doctors write commercial medicines like Ranbaxy & Cipla. The idea is to sell generic medicines nationwide & make medicines affordable.
  • 2. Problem 1. High cost of medicines makes it hard for low income families to afford medication. 2. We often have leftover medicines which we throw away. 3. Lack of awareness about generic medicines.
  • 3. Solution 1. Generic Medicines which have the same effect as branded medicines & is much less costly. 2. Leftover medicines can be processed to extract common salt & be used to make generic medicines 3. Marketing & awareness programs for patient awareness.
  • 4. Unique Value Proposition We sell generic medicines. They are equally effective as branded medicines & are available at much cheaper rates. For instance Rs 1000 branded medicine are available at Rs 20 which has the same salt(compound).
  • 5. Unfair Advantage 1.First startup to take initiative to make generic medicines more reachable & affordable to masses. 2.Exclusive partnership with generic medical stores.
  • 6. Customer Segments Lower & middle income class of the society.
  • 7. Channels 1. Content Marketing - We will write blogs about generic medicines & drive traffic to our online stores and app. 2. Consumer awareness Programs among low income families 3. Online & Offline Advertising about drugs & shops 4. Affiliation with NGOs to spread awareness 5. Tie-Up with NGOs. 6. Helpline Number.
  • 8. Revenue Streams 1. Commissions from Sellers registered with us=3000*50*12 = 18,00,000. 2. Selling data about people getting sick & metrics of disease type to research firms & survey institutes. 3. In App+Website Advertisements 4. Expected Breakeven 4-5 years at an average commision of 7000 per month from more than 100 shops in Delhi/NCR.
  • 9. Cost Structure for Year 1 - Operational in Delhi/NCR Region 1. Hosting & server = 5000 2. Delivery Boys =20 + Salary =10*7000*12 = 8,40,000 3. Content Marketing & Online Marketing = 2,00,000 4. Consumer Awareness programs & Offline Marketing =10,00,000 5. Staff Salary - Marketing + Sales = 20000*12 = 2,40,000
  • 10. Key Metrics Numbers of buyers from rural & urban areas. Increase in number of buyers of generic medicines per month. Numbers of people giving away leftover medicine for credit to buy generic medicine.
  • 12. Resources/Statistics used This idea is manifested by Nauman,Palak & Radhika Dutt.