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Netmeds acquires Pluss to strengthen its e-pharma influence

ANI  |  New Delhi [India] 

Healthcare e-commerce portal Netmeds has announced acquiring of Delhi-based hyper-local delivery app for health and medical needs, named Pluss.

"This makes a lot of sense for us, since it allows us to scale quicker, and shorten the delivery interval and improve efficiencies in Tier I metros. This has become even more incumbent upon us, as demonetization and the move to a cashless economy combined with a robust mobile consumerism fuel our growth. Most importantly, we further strengthen the Netmeds talent pool with people who bring on board a rich understanding of the space and technology," said CEO Netmeds, Pradeep Dadha.

"We were being courted by a couple of big players but when it was time to pick a team, we decided to go with the undisputed leader" said CEO and co-founder Pluss, Atit Jain.

As per future plans, Pluss operations, staff and facilities in will continue to exist but under the Netmeds banner. As part of talent augmentation strategy within the acquiring brand, certain key Pluss senior leaders will relocate to Chennai and work out of the Netmeds HQ.

The will bring Netmeds' head count to a total of about 450, and

double its penetration in the region.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, November 27 2016. 12:48 IST