Shark Tank Pharmallama
In this episode of Shark Tank India Pharmallama, a smart medicine box presents the pitch. Will the founder get a deal from the sharks? To know about the deal read till end.
| Company name | Pharmallama |
| Founders | Arjun Raghunandan, Achintya Dayal and Dipesh Rajpal |
| Ask | ₹1 crore for 1.5% equity |
Pharmallama Founder
Arjun Raghunandan, Achintya Dayal and Dipesh Rajpal are the founders of the company.
About the company Pharmallama
We all have a chaotic medicine box. To take medicine we look at the prescription given by the doctor and try to figure out the medicines. Around 40% of old people are dependent on their criticality for taking their medicines on the correct amount at the correct time. Pharmallama has found a unique solution for this problem. They use proprietary technology, machines understand the prescription and are divided into small packets. Every sachet contains information of name, date, doze, time. The company was launched in April 2022. They have served more than 5000 customers. Their vision is to replace the cutie medicine Box with Pharmallama. The steps required to get the medicine box are:
- A customer has to take a clean photo of their prescription and upload it on the website. Order is placed.
- Registered pharmacists check the authenticity of the prescription.
- The pharmacist connects with the patient and takes confirmation about the price.
- An order goes into processing after confirmation.
- Medicines are fed to the machines
- Quality checks up the medicines are done
- Finally, medicines are packed in different packets.
Initially they raised an amount of Rs 5 crores. Founders have 49.1% equity with them. They have a joint MOU locked for 3 years with ACG pam pac
Ask by the Owner of Pharmallama
Owners made an ask of 1 crore for 1.5% equity of the company at the valuation of 66.67 crores.
Pharmallama Sales And Revenue
The cost of one machine is 1.3 crores. The packaging cost is ₹20 per order. The customer acquisition cost is 900. The average order value is 1400. The retention rate is 91%. Sales in FY 21 to 22 is 17 lakhs. In FY 22 to 23 to date sales are 85 lakhs. Last month’s sales were 24 lacs.
Malaki Shark Tank
Offers and counter offers
Anupam gave an offer of 1 crore for 2.2% equity
All five sharks give an offer of 2 crores for 5% equity.
The owners give a counteroffer of 2 crores for 4% equity.
Pharmallama Final deal
The final deal was closed with all the five sharks Peyush, Aman, Namita, Amit and Aman for 2 crores at 5% equity of the company.