Share of profit before tax of leading e-phamacies India 2018-2019
In year 2019, in India, netmeds' share of losses before tax was declined by 897 percent. For PharmEasy, this was a decline of 69 percent. This could be attributed to tech start ups having to deal with initial start up challenges such as cash burn given the race to scale and steep discounts in order to expand consumer base and drive adoption. In addition, concerns relative to trust such as counterfeit medicines or timely and effective delivery of care are still some hurdles that need to be crossed by the e-pharmacies in India.
