Suresh's early experience with OliveTrips.com (C2C portal for vehicle sharing and carpooling) helped him to draft and launch his first B2B portal. The idea of the brand was to fill this gap in the market by providing information and making materials available to those companies which can effectively use them. PharmaCupboard works on the "Sharing Economy" concept that enables buyers and sellers to perform transactions and create win-win situations. The major focus of the firm is to help liquidating and sourcing of more such materials that contribute to the economy and environment.
The Unconventional Offerings
PharmaCupboard offers the inventory liquidation service
Pharmacupboard is on an ultimate mission to promote re-usage and recycling of inventory for safer environment by providing accessible and useful information to pharmaceuticals, chemicals and all allied industries
The brand's service portfolio includes API (Bulk drugs), Intermediates, Chemical, Solvent, Catalyst, By-product, Flavours, Excipients and Packing materials. The web portal is specifically created to provide technology-driven, easy and convenient solutions to industries. To ensure that clients interact with genuine, expert and experienced professionals, it has made registration as a mandate process for usage of the portal. As part of the offering, it connects pharmaceutical, industrial chemical, plastics, polymer, cosmetics, rubber, ink, paint, cement, veterinary drugs, dyes, textiles, agrochemicals, and others. "PharmCupboard does not buy, sell, own or store any materials; hence we bring more transparency. Because of the length and breadth of services, we are unique, popular and one of the largest e-marketplaces. We are proudly associated with companies such as Dr. Reddy's, Lupin, Ipca, Laurus, Mankind, Wockhardt, Cipla, and Cadila," says Suresh Purohit, Founder.
He continues, "PharmaCupboard has tried and tested an entirely new concept, which was probably never existed and hence it is referred to as `OLX of pharma'." As a game-changer and creator of e-marketplace PharmaCupboard was nominated for the very prestigious `India Pharma Award' as `Digital Pharma Innovation' by CPhI India in 2017 and 2018. It has helped liquidating over 325 MT materials so far.
Growth & Roadmap
PharmaCupboard marked presence in western India in its first year of operation, then was subsequently successful in expanding to South, Central and North India. It has been growing at the fantabulous rate of 4X to 10X. Scaling new heights, it is looking for funding from external sources to enter into the international market. The company is on an ultimate mission to promote re-usage and recycling of inventory for a safer environment by providing accessible and useful information to pharmaceuticals, chemicals, and all allied industries.