myUpchar promises profits from medicine e-commerce to PM CARES Fund, India’s biggest online health services company,
will donate all profits from medicine e-commerce during the lockdown from 24 March – 14 April 2020
to the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES
Fund). The three-year-old health start-up announced the decision on Sunday – a day after Shri
Narendra Modi launched the people’s fund to fight COVID-19.
“Any profit we make from the sale of medicines on during this time, we will
donate to the fight against the new coronavirus,” said Mr Rajat Garg, CEO, myUpchar.
myUpchar is a health services provider that delivers medicines to every corner of India and provides
teleconsultations with specialists in fields from gynaecology to psychology. The start-up also runs
home sample collection facilities in 30 cities. All of these services will remain open during the
lockdown, to address the growing concerns people have around their health at this time.
During this time, myUpchar will also release new videos and articles daily to share medically verified
information about this new coronavirus. The company is also collaborating with doctors at major
hospitals to give an up-to-date and holistic view to its 15 crore monthly viewers and readers of how
to avoid infection, maintain social distancing and deal with the anxiety of living through a pandemic.
COVID-19 is a highly contagious viral infection – it was deemed a pandemic by the World Health
Organization on 11 March 2020. The Prime Minister’s Citizen Assistance and Relief in Emergency
Situations Fund (PM CARES Fund) is a national fund for dealing with emergencies and distress
situations, like the one posed by COVID-19. myUpchar is proud to be among the first to contribute to
this nationwide war against COVID-19.
About the company
myUpcharwas started in 2016 by two Stanford University graduates, Rajat Garg and Dr. Manuj
Garg. The team has worked at Amazon and Boston Consulting Group, among other leading global
Currently, myUpchar reaches 15 crore readers and viewers every month through its app, website,
and social media channels. With more than 3 lakh teleconsultations, lab testing facilities across 30
cities and thriving medicine e-commerce, myUpchar is improving the lives of people every day by
increasing healthcare awareness, providing access to doctors and other medical services anytime
and anywhere across India.
myUpchar raised its Series A round of funding in August 2018 from Nexus Venture Partners,
Omidyar Network and Shunwei Capital. Previously, prominent investors like Mohit Saytanand, Rajan
Anandan and Alok Mittal participated in the seed round in September 2017.