INDIA – Generic Aadhaar, India’s quickest rising pharma retail chain, has reached a new milestone by opening 29 franchises in 29 different districts throughout India in a single day.
Arjun Deshpande’s Generic Aadhaar, a 19-year-old startup, provides high-quality medication at up to 80% off from manufacturers to end-users instantly, eliminating middle-chain costs like advertising, distribution, stocking, and supply chain via its unique pharmacy-aggregator business model.
Generic Aadhaar shops have opened in cities across the country, including Chennai, Guntur, Thiruvarur, Ahmedabad, East Delhi, Navi Mumbai, Mahabubnagar, Gaya, Thane, Bangalore, Lucknow, Bardhman, West Tripura, and others.
Each state currently has Generic Aadhaar franchise homeowners. Generic Aadhaar has proudly aided youth and women empowerment since its inception by providing them with the opportunity to run a sustainable enterprise.
Generic Aadhaar closed its last funding round on May 7, 2020 from Angel round.
Commenting on the inauguration, Mr Arjun Deshpande, Founder & CEO of Generic Aadhaar, stated, “We firmly believe that India needs more job creators, not job seekers.
“Through our business model, we are trying to deliver the same. We are making high-quality medicines available to 130 crores people of India, but that is not our only goal.”
Generic Aadhaar vision is to create a revolution in the Pharma industry and also in the lives of common people by giving them self-sustaining employment opportunities for financial independence.
The inauguration of 29 Generic Aadhaar franchises is seen as another big milestone for the retail chain and it showcases the company’s commitment and undying value to making the lives of the common people of India better every day.
“Entrepreneurship is the need of the hour, and we are extremely proud to play a part in many success stories to come,” Mr Arjun noted.
The franchise model of Generic Aadhaar provides business alternatives for starting a new enterprise and assists small local pharmacies dealing with stiff competition from international names in prescription drugs.
Eleven of the 29 newly opened stores are owned by women. It improves the lives of 1.3 billion Indians by providing basic medicines on a budget and creating unique job opportunities.
Liked this article? Sign up to receive our regular email newsletters, focused on Africa and World’s healthcare industry, directly into your inbox. SUBSCRIBE HERE
