Image Credits: Shark Tank India
Last updated on 24 February 2023. Find out everything about Pharmallama medicine box’s pitch on Shark Tank India, its founders, and the latest updates about the company!
Pharmallama on Shark Tank India
Do your parents struggle with managing their medicines, then you are in the right place.
Here are the key details about their pitch on Shark Tank:
| Name | Pharmallama |
| Founders | Achintya Dayal, Arjun Raghunandan, Deepesh Rajpal |
| Episode | Season 02 Episode 39 |
| Ask | ₹1 Crore for 1.5% Equity |
| Deal | ₹2 Crores for 5% Equity |
| Sharks | Aman Gupta, Amit Jain, Anupam Mittal, Namita Thapar, Peyush Bansal |
| Status | In-business |
Pharmallama has 1st automatic pharmacy in India, where you can order your medicines in sorted packages to easily know what to take and when.
You can use their mobile App to start. Just upload your prescription and all the medicines will be delivered in small packets that you can easily carry. For that, they use a specialized machine, made with ACG Pampac who are 50% partners of the business.
The ask was for ₹1 crore for 1.5% equity, to build it a national brand. Every shark knew it was a good idea from the start. This is already happening in the US and they can do the same in India as well.
Launched in April 2022, their sales in the first 4 months were ₹85 lakhs. But all and all, they are growing and it has a big potential.
That’s why every shark discussed with each other, except Anupam who was ready for 2.22%.
But the other 4 sharks convinced him to go together for ₹2 crores for 5% in return. Peyush explained how he can help with packaging, Namita can get medicines at discount and Anupam can help with business strategy.
Watch the teaser of this segment:
Pharmallama got an all-shark deal with Aman Gupta, Amit Jain, Anupam Mittal, Namita Thapar, and Peyush Bansal for ₹2 crores in return for 5% equity.
About The Founders
Achintya Dayal, Arjun Raghunandan, and Deepesh Rajpal are the co-founders of Pharmallama. It is registered under MeraDawai Pvt Ltd headquartered in Bengaluru, Karnataka.
Achintya Dayal is the CEO of Pharmallama. He is an engineering dropout with a BBA degree. The idea of this startup came after Achintya’s mother was diagnosed with kidney failure for taking the wrong medicines. So, he saw the need for service and discovered this technology.
Achintya is also a co-founder (with Arjun Raghunanada) of another company, Kiplist, which is a website builder to take reservations.
Their other partner Deepesh Rajpal is a BE from the University of Rajasthan with experience in Genpact, TekLink, and Wipro US. He also co-founded another startup LifCare where he served as a CTO.
After Shark Tank Updates
The founders were excited about the future with all the 5 wonderful new investors. They are also happy with their appearance on live television.
On February 2023, it was reported that Flipkart is in talks to acquire the company to integrate it with their future online pharmacy plans.
By the way, other businesses featured in this episode were Gladful Protein, Crave Raja Foods, and VA Perfumes.
At last, here is the official company product pitch: “Pharmallama aims at providing an accessible and easy-to-use medicine system that makes it easy for you to manage and avoid missing any doses. Using a combination of convenient packaging and modern technology, while personalizing the service, we aim to simplify the management of medical prescriptions, OTC medications, and supplements. We make it easy for you to take the right medication at the right time, be it at home or on the go.”
Takeaways
So now you know about Pharmallama’s pitch on the show and how the five-shark deal is benefitting them.
I am Ranish Chauhan a.k.a. Fulmino Fan, and I am also a fan of Shark Tank India.