DigiPharm

DigiPharm is planned to be an online platform for aggregating the orders of retail pharmacy and servicing them from the inventories of OPM
  • Sector Med tech & pharma
  • Country Nigeria
  • Founding date March 2020
  • Stage Idea
The Problems- There is complicated pricing of pharmaceuticals, logistic problems and drug counterfeiting. Markets are far also.
Solutions- Digipharm is the platform where drugs are ordered and everything is handled till they receive their order at their doorstep. Nigeria has per capita sales $2.7B

General

Sector
Med tech & pharma
Category
Enterprise
Product usage or interact
Desktop, Mobile/Tablet (iOS), Mobile/Tablet (Android))

Business

Customer acquisition strategy
We intend to create awareness at pharmacist association meeting and trade union, medical doctors union and individual pharmaceutical retail outlets.
Revenue model
Presently, the supply chain marks up the price of drugs from company by up to 20% before it gets to the retail outlet but complicated by the quantity a retailer wants.
We intend to charge a markup that is open and transparent between 12-18%

Market info

Market size
$2,722,000,000
Competitors
Competitor name
Competitor website
open market
no website

Total early investment
$750,000
Shareholder structure
Owner type
Name
Equity
Josiah Ayodeji
Founder
% 100
Investment round
Angel Investment
Investment amount
$750,000
Equity on offer
% 49.0

Team

Josiah Ayodeji  - Nigeria
Total team member
3
Comment
Last update: 22.08.2020