LocalWell

Founded by IITians and Backed by Top VCs, LocalWell is set to change the way Pharma Companies market \u0026 sell their products. Almost all the 24,000+ Pharma Companies incur losses due to the lack of diversification either in their Product Range or the Geographic Sales Reach or both. Since they can't promote drugs to consumers directly, they depend heavily on the Retailers to market and sell their products\n\nProblem: Traditionally, the only way to reach out to the retailers was Offline via Distributors and Sale Reps. This approach is not just Inefficient and Resource-Intensive but is extremely Slow. For instance, it would take at least 90-120 days and a sum of Rs. 5 crores to do Nationwide Marketing-cum-Distribution for a Product. This is exactly what we are trying to solve\n\nSolution: We have developed a Low-Cost, Cloud-based, Designed-for-Bharat B2B SaaS specifically for the Pharma Retailers currently being used by them to run daily business operations such as Procurements, Billing, Managing Expiry, Payments, etc. The resultant of this is Real-time Transactional Data Influx from 600+ districts and a Weekly Engagement Time of \u003e180 mins which make us a very effective 'Product Launchpad for Pharma Companies'\n\nThe Companies can use LocalWell to either Market their Products or do Tech-enabled distribution or both. This way a Pharma Company based in Gujarat can immediately access the markets in the Northern, Southern and Eastern parts of the country without ever having the need to build a Marketing-cum-Distribution Network of its own