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Swastika Investmart partners with Medcords Healthcare Solutions to accelerate growth of retail pharmacies

Our Bureau, Mumbai
Friday, August 13, 2021, 16:35 Hrs  [IST]

Swastika Investmart Ltd., a leading financial services provider and startup accelerator along with Medcords Healthcare Solutions Private Ltd. has launched a finance scheme ‘Sehat Sathi App’ for registered medical stores.

Connecting the national and local healthcare ecosystem with Swastika Investmart’s NBFC arm, the Sehat Sathi platform aims at providing financial assistance to its retail pharmacies.

Medcords Healthcare Solutions is a health-tech startup empowering medical stores to sustain and grow by providing them with resources they are lacking like technology, a new customer base, buying medicine in bulk, e-consultation with doctors, etc. The pandemic has impacted every aspect of the healthcare system, disrupting the continuity of healthcare delivery practices and patient access to high-quality medical care.

Sehat Sathi app of Medcords provides a unique opportunity for Medical stores to avail the facility of loan, necessary resources, and technology. The platform enables pharmacies to access unsecured business loans at a low-cost interest rate. These loans will be provided for a 3 to 12 months period in the form of term loans and limits. Also, it will be instantly approved with minimal documentation. Medical stores have to apply on the ‘Sehat Sathi’ app for their loan requirements.

“Committed to addressing the most prevalent and persistent business challenges, Swastika Investmart aims to help medical stores registered on Sehat Sathi app with financial support to solve their working capital problem and augmenting their revenues." said, Amit Pamnani, DGM, Swastika Investmart Ltd.

“Global Pandemic has forced us to rethink how healthcare services across the world operate and to find solutions for some of the most pressing healthcare challenges. Financial aid with Technological innovation is a critical enabler as trusted and reliable solutions are built at scale.” Shreyans Mehta, founder, Sehat Sathi added.

Medcords Healthcare is enabling the fastest medicine delivery within 2 hours in over 600 cities & has currently empaneled over 25 thousand medical stores that are facing the problem of stiff competition from online pharmacies leading to a shortage of working capital. This collaboration will help medical stores to stand strong against heavily funded E-Pharmacies and strengthen their capabilities.

Swastika Investmart under its investment banking umbrella is bolstering SME & Startups by arranging venture capital funds (VCs), launching their IPOs, Valuations, strategic alliances, and other financial advisory services. It is also raising funds for Medcords from VC Investors for expansion in multiple states.

 

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