MrMed

MrMed
TypePrivate
IndustryHealthcare
E-commerce
Founded2020
FounderSaurab Jain
Devashish Singh
Headquarters
Chennai, India
Area served
India
Key peopleDevashish Singh (Co-Founder & CEO)
Saurab Jain (Co-Founder & CBO)
RevenueIncrease ₹16 crore (US$1.7 million) (2023)
Number of employees
66

MrMed is an online pharmacy for super-specialty medicines based in India. It was founded by Devashish Singh and Saurab Jain and has its headquarters in Chennai. In 2022, the company received an award from the Government of Tamil Nadu for its contributions to healthcare. Eazymed Technologies Private Limited is listed in the NASSCOM member directory.

History

MrMed was conceived in August 2020 when Devashish Singh and Saurab Jain noticed challenges in specialty medicines. Despite facing initial setbacks due to the COVID Delta wave in India, which prompted the founders and their team to prioritize community assistance, MrMed was officially launched in June 2021. The company launched its mobile app in March 2023 for access to speciality medicines for conditions such as cancer, transplants, kidney, or liver diseases. It also raised $500,000 in funding from the Tamil Nadu Emerging Sector Seed Fund (TNESSF) and angel investors.

On 8 December 2025, the company announced a strategic partnership with the American multinational pharmaceutical company Eli Lilly to support the distribution of specialty medicines in India. In June 2026, MrMed launched Care for the Caregiver, a programme for caregivers of people with cancer, rare diseases and those undergoing or recovering from organ transplantation.

Operations

MrMed's headquarters are in Chennai, with dispatch hubs located in Delhi and Bangalore. According to the Economic Times, the company reported an Annual Recurring Revenue (ARR) of ₹26 crore. In April 2024, the company entered the offline retail segment with the opening of its first store in Chennai.

Awards and recognition

In 2022, MrMed was awarded the Health Care Start-up Of The Year by the Federation of Indian Chambers of Commerce and Industry (FICCI) in Chennai, presented by Ma. Subramanian, the Minister for Health and Family Welfare, Government of Tamil Nadu. In August 2026, the company was selected as one of 20 AI-focused startups for Google Play's 2026 India Accelerator cohort.

See also

References

  1. ↑ Borpuzari, Pranbihanga (7 November 2023). "The Economic Times".
  2. 1 2 3 Borpuzari, Pranbihanga (7 November 2023). "Economic times". ISSN 0013-0389. Retrieved 3 May 2024.
  3. 1 2 "MrMed awarded Start-up of the Year 2022 by FICCI by Mrmed Online Pharmacy - Issuu". issuu.com. 1 December 2022. Retrieved 3 May 2024.
  4. ↑ "Nasscom Members Listing". nasscom.in. Retrieved 7 October 2026.
  5. ↑ "MrMed sees 50% growth in revenue in FY24 - The Economic Times". m.economictimes.com. Retrieved 21 August 2025.
  6. ↑ Koul, Rahul (29 August 2023). ""Problem statement is quite unique in specialized medications"". BioVoiceNews. Retrieved 3 May 2024.
  7. ↑ "MrMed's contribution to drug adherence and patient engagement - Elets eHealth". eHealth Magazine. 30 May 2023. Retrieved 3 May 2024.
  8. ↑ "Mr Med seed fund raise: Specialty pharmacy MrMed raises $500,000 from Tamil Nadu Emerging Sector Seed Fund - The Economic Times". m.economictimes.com. Retrieved 21 August 2025.
  9. ↑ "MrMed launches mobile app for access to affordable super-specialty medicines". The Economic Times. 29 March 2023. ISSN 0013-0389. Retrieved 10 September 2024.
  10. ↑ Kandavel, Sangeetha (30 August 2023). "Online pharmacy MrMed raises $500,000 from Tamil Nadu Emerging Sector Seed Fund". The Hindu. ISSN 0971-751X. Retrieved 3 May 2024.
  11. ↑ "MrMed raises $500k from TNESSF". The Times of India. 31 August 2023. ISSN 0971-8257. Retrieved 3 May 2024.
  12. ↑ "Specialty pharmacy MrMed raises $500,000 from Tamil Nadu Emerging Sector Seed Fund". The Economic Times. 30 August 2023. ISSN 0013-0389. Retrieved 3 May 2024.
  13. ↑ "MrMed strengthens its network with cold-chain hub". The Hans India. 8 December 2025. Retrieved 20 December 2025.
  14. ↑ "MrMed announces new cold-chain hub in Bengaluru and strategic partnership with Eli Lilly". BioSpectrum. 8 December 2025. Retrieved 20 December 2025.
  15. ↑ "MrMed Pledges 1,000 Annual Volunteering Hours to Support Caregivers of Critically Ill Patients". The CSR Universe. 26 June 2026. Retrieved 7 October 2026.
  16. ↑ "MrMed ventures into physical retail space with launch of store in Chennai". The Economic Times. 25 April 2024. ISSN 0013-0389. Retrieved 8 April 2025.
  17. ↑ "medgatetoday". Retrieved 3 May 2024.
  18. ↑ "Google Picks 20 AI Startups For Play Accelerator India Cohort". BW Disrupt. Retrieved 7 October 2026.