eCommerce startup in India, where this space is just hotting up. Located in Bangalore the silicon valley of India. Healthcare is an emerging high growth and high volume segment in India. Current retail pharma sales (our TAM) is $25b expected to grow to $100b by 2020.Pharmacy regulations in India require a physical store with pharmacist to deliver medicine (unlike in the US, medicines cannot be shipped by mail e.g as done by CVS). The urban IT savvy population is buying online, which is why FlipKart (Amazon of India) is valued at $1.5b today.
KlikPick is a unique 'Click & Pick' store concept that addresses a pent up need and mitigates a regulatory hurdle creating a business opportunity. KlikPick PUPs (Pick Up Points/stores) will be located in high density neighbourhoods; our first store just commissioned at an International Tech Park where 30,000 employees go to each day. Customers order online and orders are fulfilled from PUPs in 24 hours (guaranteed). Stores are zero inventory.