Pharmabiz
 

CareOnGo launches InstaStock, a B2B mobile app for pharmacies

Our Bureau, MumbaiTuesday, July 26, 2016, 16:30 Hrs  [IST]

CareOnGo, India’s first mobile chain of co-branded pharmacy stores, has launched world’s first B2B mobile application platform enabling pharmacy retailers, hospitals, health institutions to procure medicines and health products from more than 100 brands directly from manufacturers.

InstaStock, is aimed at providing seamless experience to the retail pharmacies to buy products at higher margins directly from brands with assured 18-hour logistics. The platform will allow transparent and standardized payment and logistics structure helping them reduce their delivery time. It will also enable hospitals and pharmacies to reduce operational inefficiencies including higher manpower costs through its efficient workflow and easy to use interface.

Moreover the B2B app will also provide a single platform for the brands to list all their products, will enable brands to directly interact with the retail pharmacies to promote offers, launch new products, and offer higher margins. InstaStocki has already tied up with more than 100 brands including Himalaya, Johnson & Johnson, Nestle, Chicco, Emami, Khadi Naturals, Micro Labs, Alkem Laboratories, Lupin,Shalaks Healthcare, Ronyd Healthcare, Pharmed Limited and many more.

Speaking on the launch, Yogesh Agarwal, co-founder, CareOnGo said “Pharmacy supply chain has been devoid of high-end technology till now and distribution has been running in a traditional way, with no accountability and efficiency in the processes. Through InstaStock, our aim is to simplify the pharma supply chain through technology helping retailers overcome major operational hurdles in logistics, procurement of products, margins and credit facilities.”

The cutting edge mobile app has also tied up with Lendingkart facilitating instant working capital loans with minimal processing time to the tune of Rs. 1 crore to registered pharmacy partners.

Currently available on android, the InstaStock app has already got more than 1100 downloads in just 2 weeks of launch with more than 800 pharmacy retailers actively buying from the platform.

 
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