“The 1mg – Medd Acquisition” second interview with Era Dwivedi and Arpit Kothari on their journey to being acquired.

Welcome to a new episode of The Entrepreneur Podcast, today we have with us  Era Dwivedi and Arpit Kothari co-founders of  Medd which has been recently acquired by 1mg, they will talk to us about their journey so far and the 1mg – Medd Acquisition . Holamed which runs Medd a multiple channel (web, phone, mobile) marketplace which enables India’s 800 million+ mobile/ internet users to buy high quality, affordable healthcare services near them.

This is a very special episode since we had them on before in episode 33 which went live on April 8th and since then Medd has been acquired by 1mg previously knows as Healthkart. We will talk to them about their journey so far.

Medd was founded in 2015 by Arpit Kothari , Era Dwivedi, Anurag Mundhada and Akash Deep.

Medd is your personal diagnostic app currently available on Play Store. You can book pathology (blood and urine tests – CBC, Lipid Profile, Thyroid), radiology tests (sonography,X-Ray, CT Scan, MRI) and health check-ups from the best of labs and hospitals around you at a 15-50% discount in Mumbai, Indore, Jaipur and coming soon in Delhi, Ahmedabad, Bangalore, Pune, Hyderabad, Chennai, Surat, Bhopal, Baroda and Kolkata Nagpur.

In June 2016 Medd was acquired by 1mg (previously Healthkart)  and with this acquisition, 1mg is expanding to offer a service for booking of imaging tests suchas X-rays, CT Scans and MRIs.

Diagnostics is a $5-8 billion industry in India making up for 25% of the total pharmacy business. 1mg, which currently offers these services across 23 cities, is hoping to cover over 30 more cities this year with diagnostics and grow the total contribution of

diagnostics in its revenues from 15 to 25%. The company claims to offer consumers 40-60% savings on lab tests by using thr 1mg platform.

Marketsize: – Expected to touch USD 79 billion in 2012, the healthcare sector is now expected to reach USD 160 billion by 2017, and USD 280 billion by 2020. Today, it is considered one of the largest sectors in India, in terms of both revenue and employment.

Funding : -Medd has raised a round of funding of USD 1,50,000 from four angel investors. The company had raised its first round of investment from Ajeet Khurana in May 2015

About : Era Dwivedi : LinkedIn &  Arpit Kothari : LinkedIn

Google Play Mobile App – Link

Links Medd: Web ; Facebook ; Twitter

Links 1mg: Web ; Facebook ; Twitter

The Entrepreneur  Podcast interviews and chats with today’s most successful entrepreneurs and founders from Asia, Singapore, India, China, Japan, Malaysia , Indonesia and more and asking them what steps they used to become a success, how they started up and you will be prepared to take your inspiration and motivation and put it into action.

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