Forbes Under 30 startup founder: Wanted to make money, main reason to begin enterprise

Dharmil Sheth with his colleagues
Dharmil Sheth, co-founder of PharmEasy, a leading Mumbai-based pharma aggregator, which connects patients with local pharmacy stores and diagonistic centres, giving a talk at the Indian Institute of Management-Ahmedabad on How to Start a Startup, said the main reason why he initiated startup was, he “wanted to make money”.
Sheth, a Forbes Under 30 persona, who had earlier fouded 91 Streets, a shopping search platform and BoxPlay Sports, claimed to be a world-class sports infrastructure set-up for teams and individuals to play soccer and cricket, ironically, is President of Ekagrata Foundation, an NGO, which works towards the welfare of underprivileged children.
Sheth said, the “cribbing” about the low pay of IT industries led him to begin thinking in terms of a startup, and after meeting a school friend, Dhaval Shah, who introduced him to healthcare industry people, he found that having stock of all medicines at every store was still a problem.
Starting by delivering medicine to customers at doorstep with 20% discount, his mobile application PharmEasy was of great help, he said, as it made it was “easy to use wherein a customer had to merely upload a photo of the prescription and the company would decode the prescribed medicines.”
He added, “When the number of installs peaked from 10 on the first day to 15,000 on the tenth day without a dollar spent in marketing, we realized that the app addressed a genuine problem.”

Comments

ALSO READ

What's wrong if GDP growth under UPA is shown in better light?, asks Govt of India panel chief

Amnesty's global call for pressuring release of Dalit Army leader Chandrashekhar Azad 'Ravan'

Indian Railways "bulldoze" makeshift shanties in Ahmedabad as Modi decides to visit to city on Gandhi Jayanti

A dangerous phase, worse than Emergency, has begun in India: MSD writes to President of India

Gujarat Bhim Sena demands setting up of community hall, library, sports complex for Dalits in western Ahmedabad

UP SHRC directs DM to act against hate campaign to divide Dalits and Muslims following NHRC direction

Highly acclaimed acid rehabilitation centre of Lucknow faces closure

Narmada dam oustees gherao Badwani rehab office, demand implementation of SC order

Gujarat farmers' leaders detained when Modi "inaugurated" multiple schemes

Remove ban on entering Sachivalaya, activists to Gujarat governor; lodge complaint to NHRC, to agitate on Oct 2

Archive