Pharmallama offers smart pill boxes to help organize medication and improve efficiency in Indian households, launched in April 2022
The company has assisted over 5,000 families and raised ₹5 Crore from ACG Pam Pac, giving away 50.9% equity
Each smart pill box costs ₹1.34 Crores, with packaging costs as low as ₹20 per order; they currently sell medicines at MRP
Pharmallama has a 91% customer retention rate and reported significant revenue growth, reaching ₹85 lakh in just five months of FY 22-23
Following their successful Shark Tank pitch, the company accepted a deal of ₹2 Crore for 5% equity, praised by Peyush as his favorite pitch
By July 2023, Pharmallama had dispatched over 3 lakh medicines, indicating strong operational performance after closing the Shark Tank deal
The Delhi Chemists Association issued a legal notice claiming Pharmallama's e-pharmacy operations are illegal due to lack of regulatory approval
As of December 2023, reports confirmed that Pharmallama has shut down its operations, facing legal challenges since mid-2023