Getting treatment in India is becoming increasingly expensive. One of the main reasons for this is the high cost of medicines . Many of these medicines, buying which the condition of the common man worsens. Many times he buys these medicines by taking loan and many times it happens that due to lack of money he is not able to buy these medicines.
Today in Brand Story we will tell you the story of such a youth who understood this problem and resolved to solve it. He set up a company worth 500 crores by providing cheap medicines to the people . Let us tell you how he did this charisma?
Arjun Deshpande opened a startup named Generic Aadhaar
Arjun Deshpande started a startup named Generic Aadhaar to provide affordable medicines to the people at low cost. Through this, he gave people a huge discount of up to 90 percent on medicines. Gradually, the generic base became very popular among the people because they were getting medicines at 80 to 90 percent less prices than normal medical stores. This was a matter of great relief for him.
Ratan Tata liked Arjun Deshpande's idea
When Arjun Deshpande was 16 years old, he deeply researched why medicines are sold so expensive at medical stores? After this, in the year 2019, he started Generic Aadhaar. He started it from a store. Gradually, his startup started expanding rapidly in the cities and made a mark in the market in a short span of time.
When famous businessman Ratan Tata came to know about Arjun Deshpande's unique idea, he was impressed by him. Ratan Tata then invested in his startup. After this, Generic Aadhaar took a longer flight and spread its business rapidly. Today his startup has turned into a company and its valuation is Rs 500 crore.
Generic base has 2000 stores in the country
Generic Aadhaar currently has more than 2000 stores across the country. 10,000 employees work in these stores. Through generic base, not only thousands of people are getting medicines at low cost, but they are also providing employment to many people. Arjun Deshpande is now expanding his company not only in the country but also abroad.
At present, he is expanding his company in countries like Bangladesh, Nepal, Bhutan, Sri Lanka, United Arab Emirates and Myanmar. Arjun told about his future plans in an interview. He said that he is also planning to open his stores in countries like Dubai, Oman, Cambodia and Vietnam.
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