Dark Reality Of Medicines, Marketing Strategy, China & US - MedPlus Founder | FO306 Raj Shamani

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Disclaimer: This episode is intended solely for educational purposes and opinions shared by the guest are his personal views. We do not seek to defame or harm any person/brand/product mentioned in the episode. Our goal is to provide information to help audience make informed choices. 📺 Watch Figuring Out episodes on YouTube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://youtube.com/playlist?list=PLE0Jo6NF_JYO5-phess8GKafKMtPv3tfZ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Timestamps:

(00:00) - Intro (02:38) - Life in Medical College (04:21) - His First Business Idea (09:03) - Green Card Business Story (11:45) - How MedPlus Started (14:40) - How MedPlus Got Funding (16:38) - MedPlus Profits for Investors (20:36) - What’s MedPlus Worth? (23:51) - His Success Formula (26:31) - Winning Business Strategies (28:53) - Must-Read Book for Entrepreneurs (31:19) - Truth About the Drug Industry (39:28) - Handling Competition (41:24) - India’s Top-Selling Medicine (41:53) - Can Chemists Sell Without Prescriptions? (47:43) - Doctors and Their Favorite Brands (53:34) - Can Zepto, Blinkit Sell Medicines? (57:56) - His Views On Government Medicines (59:13) - Fake Medicines in US & China (1:00:33) - India The World’s Pharmacy (1:04:25) - Business & India’s Economy (1:08:20) - Conspiracies Against India (1:11:56) - Doctor-Chemist Partnerships (1:13:01) - How to Open a Medical Shop (1:14:42) - Inventory Needed for a Medical Shop (1:16:22) - Why India Lacks Innovation (1:19:56) - Do Indians Dream Big Enough? (1:26:20) - Essential First Aid Box Items (1:27:36) - Future of MedPlus (1:30:38) - India’s Billion-Dollar Opportunities (1:32:46) - Closing Thoughts (1:33:24) - Outro

In today’s episode of Figuring Out, we have Mr. Madhukar Gangadi, Founder and CEO of MedPlus Health Services Ltd., in conversation with Raj Shamani. Mr. Madhukar shares his inspiring journey from being a doctor to building one of India’s largest pharmacy chains. He discusses how MedPlus addressed inefficiencies in the medical retail sector by interconnecting stores online from day one, ensuring better availability and quality of medicines while scaling to over 4,500 stores nationwide. The discussion explores MedPlus's growth strategies, focusing on genuine medicines, competitive pricing, and customer-centric solutions. Mr. Madhukar also explains the difference between branded generics and generics, how manufacturing impacts quality, and why India must balance cost-cutting with innovation to lead in the pharmaceutical sector. He believes persistence and good ideas can overcome challenges to create impactful solutions. Mr. Madhukar also provides practical advice for aspiring entrepreneurs, including tips on starting a medical store and managing inventory. He also highlights the importance of maintaining a proper first-aid kit at home and being mindful of the quality of medicines. For more such insightful conversations, subscribe to our channel now!
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