MedPlus forays into online pharma biz

To cash in on the growing e-commerce business, Hyderabad-based pharmacy retail chain MedPlus has decided to foray into online sales of medicines across the country.
"We launched this service in Hyderabad last month and we are confident of replicating this success in Chennai and Bangalore. We plan to expand the service soon to the top 50 cities across the country", MedPlus Health Services, Chief Operating Officer, Surendra Mantena said.
MedPlus currently has 30 per cent market share in the organised retail pharmaceutical industry. It has more than 1,240 outlets across 12 states.
MedPlus Health Services, Founder and CEO Madhukar Gangadi said the company plans to double the outlet in the Tamil Nadu to 500 this fiscal.

"Tamil Nadu is a key market for us and with our new expansion outlook, we will be present across the State with more than 500 stores and intend to double our sales here this fiscal", he said.