Swastika Investmart signs MoU with Medcords Healthcare Solutions to accelerate the growth of retail pharmacies

New Delhi, August 16, 2021: Swastika Investmart Ltd.(BOM:530585), a renowned brand in Financial services industry and startup accelerator together with Medcords Healthcare Solutions Private Ltd., has launched a finance scheme for ‘Sehat Sathi App’ registered medical stores. With this alliance with Swastika Investmart’s NBFC arm, Sehat Sathi platform aims at providing financial assistance to its retail pharmacies for their growth.

Medcords Healthcare Solutions is a health-tech startup, empowering medical stores to sustain and grow by providing them with resources they are lacking like technology, new customer base, buying medicine in bulk, e-consultation with doctors, etc. The pandemic has impacted every aspect of the healthcare system, disrupting the continuity of healthcare delivery practices and patient access to high-quality medical care.

Sehat Sathi App is ecosystem for Medical stores, patients, doctors, healthcare service providers to interact and avail the services using its advanced technology. The platform now enables pharmacies to access unsecured business loans at low cost interest rate from Swastika NBFC. These loans will be provided for 3 to 12 months period in the form of term loans and limits. Also, it will be instantly approved with minimal documentation. Medical stores have to apply on the ‘Sehat Sathi’ app for their loan requirements.

“Committed to addressing the most prevalent and persistent business challenges, Swastika Investmart is doing alliances with startups and nurturing them. Financial aid with technological innovation is a critical enabler as trusted and reliable solutions are built at scale.” said, Mr. Amit Pamnani, DGM, Swastika Investmart Ltd.

“Global Pandemic has forced us to rethink how healthcare services across the world operate and to find solutions for some of the most pressing healthcare challenges. Sehat Sathi app aims to help medical stores registered on it with acquiring & managing customers, buying bulk medicines & financial support to augmenting their revenues.” Mr. Shreyans Mehta, Founder, Sehat Sathi. added.

Sehat Sathi app is enabling fastest medicine delivery within 2 hours in over 600 cities & has currently empaneled over 25 thousand medical stores that are facing the problem of stiff competition from online pharmacies leading to a shortage of working capital. This collaboration will help medical stores to stand strong against heavily funded E-Pharmacies and strengthen their capabilities.

Swastika Investmart under its investment banking umbrella is bolstering SME & Startups by arranging venture capital funds (VCs), launching their IPOs, Valuations, strategic alliances and other financial advisory services. It is also raising funds for Medcords from VC Investors for expansion in multiple states.

Corporate Comm India (CCI Newswire)