Supported online pharmacy platform – BusinessCloud

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IW Capital has invested in the e-pharmacy company SimplyMeds, making it the first external investment in the highly scalable online platform.

SimplyMeds is an end-to-end digital pharmacy platform that provides a convenient way to order prescriptions and lifestyle products on the same day while giving patients medical autonomy.

While most online pharmacies are designed to serve only one sector, SimplyMeds caters to both the home and NHS prescription markets in what is believed to be an early market by developing the distribution channels and a sophisticated platform to effectively serve both sectors serve.

Founded by two entrepreneurs with extensive experience in the pharmaceutical industry – a prescribing pharmacist and a dentist – the company has grown organically over the past five years from a guest room in a practice to a major player in London and the South East with minimal marketing and no outside investment before the deal with IW Capital.

With a strong growth plan targeting sales in excess of £ 6 million over the next 18 months, the financing from IW Capital will accelerate SimplyMeds’ development and increase its international market potential through channel expansion and extensive sales and marketing spend.

The seasoned entrepreneurial management team behind SimplyMeds has a proven track record of exiting and believes the company is poised to scale significantly.

“We believe that we are ready to take the next big step in our journey and that IWC can help us achieve great success in our industry. The times are very exciting, ”said co-founder Parvinder Sagoo.

Douglas Lidgit, Investment Director of IW Capital, commented, “We are excited to be part of SimplyMeds’ growth story.

“The founders, Parv and Sunny, have built an extremely successful platform and our investment will allow them to grow the business significantly over the next five years.”



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