We are publishing an interview of Mr. Gyaan Dixit, Founder, Director, Wellness Monk (previously Pharmacyonnet).
Please tell us about the founders
We have been doing job in nationalised pharmaceutical company & in 2014 we decided to start our venture related to health products specially Nutraceuticals. During initial 2 years we got a good revenue & we constantly developed our brand value, so by the mid of 2016 we started Dreamz Nutrition & Pharmaceuticals Private Limited. Latter got many recognitions & certifications like StartUp India, Food safety & standardization authority, Import export council & International standardization. We were always being working with the vision how to enhance to reachability of Health products to the remotest of the areas in India, this notion led us to the foundation of Wellness Monk.
Now in Wellness Monk we sell more than 8000+ verified & trusted health products & with over 150 Vendors Pan India dealing in Health related products.
What is the problem you are trying to solve? Can you share with us any insights that led you to believe that this is a big enough problem?
We have 2 companies, the first one is Dreamz Nutrition & Pharmaceuticals Private Limited & Second one is FirstRate Etails Private Limited. Dreamz Nutrition & Pharmaceuticals Private Limited (DNPL) was incorporated in 2016 & currently deals in Ethical Pharmaceuticals marketing & Promotions. Earlier Wellness Monk was running under DNPL, but by the end of 2017 we shifted our online business under FirstRate Etails Private Limited. Wellness Monk is an online healthcare store that caters to your littlest of needs covering organic grocery, imported & gourmet food items, household items, mother & baby range, personal care products for men & women, wellness items related to sports & fitness, health supplements, anti-aging products, herbal & organic products to plenty of solutions for any healthcare issues 10,000+ products and more than 80,000 satisfied customers, that too in a very short time, we covers PAN India and initiates to reach to the remotest of the areas in the country. Our product partners and products, of course, are carefully analysed on the parameters of being trustworthy and 100% genuine.
What is the uniqueness about your Startup?
Nowadays, giant marketplaces are selling everything (not any specialization) & flooding the markets with more than 100% cash back, impractical discounts & what not. At Wellness Monk we strictly focus on health related products, especially organic products. We are also incorporating imported & revolutionary products on our portal, it not only hikes the standards but also give us the monopoly in the market. Honestly speaking everyone is our competitor in any of the ways, but still we focus ourselves on the mission we have been working on.
What is the revenue model? Explain your thought process.
Currently we are bootstrapped and started to generate revenue to by applying marketplace fees on every order. Our strategy is to sync the existing health segment & became the biggest platform for selling the health products online in India. Further we want to open our storefronts for offline market by the mid of 2020. We are also trying our best to start manufacturing of generic, branded & herbal medicines.
Who are the consumers that you are targeting? How is this going to affect them?
As we deal in Health & Wellness, our target audience is everyone. We deal in Mother & baby segment, Healthcare, Wellness, Personal care & Organic grocery. We also deal in Fitness & health devices, from a newborn to the senior person we deal in each and every segment of Health.
What is the big picture of your startup? Will it lead to something bigger? If so, how?
We are very much focused and dedicated towards expansion of our business & tor the same we are going to start the process of fund generation from the market & financial institutions. Our strategy is to sync the existing health segment & became the biggest platform for selling the health products online in India. Further we want to open our storefronts for offline market by the mid of 2020. We are also trying our best to start manufacturing of generic, branded & herbal medicines.
What is the success story of your startup in your own words?
Though doing business in India is still a hard nut to crack & being an honest and loyal business it is even more depressing to see the wrong business getting more benefits than the deserving one. But still fighting against all the odds and finding our way towards our destination is always what we are working for. My inspiration is the people & family associated with us & when we see so much responsibility on us we always try to fight much harder with all the positive approach. My mantra is to “Never Quit”. Now a day’s giant marketplaces are selling everything (not any specialization) & flooding the markets with more than 100% cashback, impractical discounts & what not. At Wellness Monk we strictly focus on Heath related products especially organic products.
We are also incorporating imported & revolutionary products on our portal, it not only hikes the standards but also give us the monopoly in the market. Honestly speaking everyone is our competitor in any of the ways, but still we focus ourselves on the mission we have been working on. We are having a good & consistent vision regarding our goal & our ambitious team is all geared up for the competitiveness and challenges in the prevailing market, we want to be at the top notch is our horizontal & that within a period of 2 to 3 years. We want many mergers and associations in the field of health & wellness. We are about to start our marketing cell for Funding & associations, since we are bootstrapped and need more resources to get into the main stream of promotions & endorsements. Further we planned to hire more & more skills and talented candidates.
Any other information about your startup that you would like to share with us.
Please visit our website https://www.wellnessmonk.com & support us in any manner, we welcome everyone in terms of Investment, Suggestions & criticism.