Vakrangee partners with Pharmeasy to provide online medicines and healthcare services across its platform

Vakrangee Digital Ventures Limited (100% Subsidiary of Vakrangee Ltd) has tied up with PharmEasy (Axelia Solutions Private Limited) to provide online medicines & healthcare services to the unserved and underserved population of India.

PharmEasy provides a wide range of prescription (medicines), OTC pharmaceutical, other consumer healthcare products, comprehensive diagnostic test services, and teleconsultations thereby serving the healthcare needs.

Under this partnership, Vakrangee through its Nextgen Kendras and BharatEasy Mobile Superaap will now be able to provide medicines & healthcare services in remote areas of the country. With 70% of Nextgen Vakrangee Kendra outlets in Tier-5 and 6 towns, Vakrangee will offer medicines & healthcare services to the communities in the unserved/underserved parts of the country.

The customers will also be able to avail various discount offers and get significant savings on their purchases of medicines and health products.

Commenting on this partnership, Mr. Dinesh Nandwana, Managing Director & Group CEO, Vakrangee Ltd. said, "We are happy to partner with PharmEasy to facilitate our customers with online Medicines & Healthcare service in both urban as well as rural remote areas. With this partnership, we have strategically added a complete bouquet of online medicines & healthcare services at our Nextgen Kendras & BharatEasy Mobile App making them into a one-stop for all the healthcare requirements of our customers."

He added, "Our franchisees in remote areas of the country can now enhance their revenue stream by offering medicines & healthcare products & services too. We will continue to add more products and services and tie-up with leading business partners to offer our customers a one-stop solution to all their banking, insurance, ATM, financial services, assisted e-Commerce, e-Governance and logistics. We are aspiring to be the most trustworthy physical as well as online convenience store across India, positively moving towards Vakrangee Kendra's new brand philosophy of 'AB Poori Duniya Pados Mein'."

This tie-up further expands our bouquet of services available to citizens through Vakrangee Kendra. Nextgen Vakrangee Kendras exclusively offer a comprehensive range of products and services across banking, insurance, ATM, Assisted e-Commerce, e-Governance, and logistics. Vakrangee currently has ~13,200 Nextgen Vakrangee Kendras spread across 28 States & UTs, 560+ districts and 4,860+ postal codes. More than 70% of these outlets are in Tier 5 and 6 towns.

Shares of Vakrangee Limited was last trading in BSE at Rs. 38.65 as compared to the previous close of Rs. 37.55. The total number of shares traded during the day was 2374859 in over 6258 trades.

The stock hit an intraday high of Rs. 40.55 and intraday low of 37.35. The net turnover during the day was Rs. 92988249.00.

Source : Equity Bulls

Keywords

Vakrangee INE051B01021 PharmEasy VakrangeeDigitalVentures TieUp