The PassBox, a pioneering market for medical products, to launch its online store; eyes 5 crores of revenue
Team members of The PassBox®
New Delhi [India], January 23 (ANI/SRV): The PassBox®, a trusted and pioneering brand in the market for medical devices known for its express delivery services, has recently launched its online store, which curates a variety of devices with diverse payment options. One of its kind in the sector, The PassBox® 's USP lies in the affordability of its products without compromising on quality.
Despite the number of players in the sector, customers, unable to get a guarantee on the quality and the best market price, often refrain from purchasing medical products online. With its dedicated effort to ensure quality products and delivery, The Passbox® has filled the gap, creating the largest network of manufacturers, wholesalers, distributors and resellers. Launched in November 2021 by the entrepreneur Shriram Sonawane, The PassBox® is committed to becoming the most significant player in selling high-quality medical products.
Testifying the venture's success, The PassBox® has made the unique feat of securing Rs 1 crore with 15 clients alone. In the span of 2 years, the trustworthy brand, powered by a dynamic, close-knit team of 6, has served over 100 customers, a considerable bandwidth in the niche it works in. Expanding its operation in the coming financial years, the company is eyeing a revenue worth 5 crores.
Enthusiastically shared his thoughts on the launch; Shriram Sonawane, the founder of The PassBox®, said: "In 2020, we saw massive growth in the pharmaceutical industry, especially in terms of medical devices. But the prevailing complaint at the time was that the devices delivered online were either sub-part or too expensive. This allowed us to look into making this unorganized sector for a new business idea which, along with robust profitability, will also help us fundamentally touch many lives." The founder continued, "After one year of hard work, we came up with The PassBox®, which after its massive success, garnered within a year of its launch, is hitting a new milestone with the online store."
The company aims to deliver genuine medical products without taxing the customer's pocket. Given its strong focus on enhanced customer satisfaction around its services, The PassBox® offers authentic products with a money-back guarantee and the option to return or replace products. Additionally, the brand also ensures the purchasing ability of the customer is extended with a "buy now, pay later" basis purchase options. Further, while most platforms run on prices negotiated by the seller, on The PassBox® platform, the customers not only receive an already discounted price displayed but also can negotiate further with the dealers with whom they can connect via the 24 x 7 customer helpline.
Apart from the affordable prices, what makes The PassBox® platform business-friendly is that it helps sellers to expand their audience without charging advertising costs. In addition to its core offerings, The PassBox® will soon launch a range of new products, including rental options for medical equipment through its sister site, 'rentomed.in', a vertical for doctor training as well as a vertical for patient education and reference to doctors and hospitals, and a range of cosmetic products.
The PassBox® is the brand of the parent company Rentomed Private Limited. Along with Shriram, the brand is backed by industry experts who have worked in multiple leadership positions across companies.
The PassBox® is available on the website thepassbox.in, also available on Google Play Store as an android app. an iOS app is in process.
For more information, please visit: (https://www.thepassbox.in)
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First Published: Jan 23 2023 | 11:55 PM IST