Zeno Health embarks on franchise business model to expand operations across India

0


Mumbai-based generics start-up enters franchise model to serve more consumers

Zeno Health is the country’s largest private generics company, supplying generic drugs directly to consumers through its network of over 120 stores in and around Mumbai. The company has served 1.5 million customers, saving them over 200 crore in pharmaceutical prices.

Zeno has changed the way drugs are sold and consumed in Mumbai by putting the consumer first, educating them about generics and helping them make informed decisions that can save them up to 80% on their monthly drug expenses.

Zeno is growing rapidly in some cities with its own COCO (Company Owned Company Operated) stores and is looking to grow its network of partners across the country to serve 10 Crore Indians per year. The company intends to start by looking for franchisees in Maharashtra, Pune and Gujarat. It will be like having the advantage of a centralized pharmacy without sacrificing the hyperlocal aspect. FOFO (Franchisee Owned Franchisee Operated) arrangement will be used, in which the investor (franchisee) pays the initial start-up costs with Zeno, the franchise manages the operations. As a result, the franchisee is entitled to a share of the revenue generated. Other benefits for their partners include


  • Zeno’s extensive sales and marketing support: Zeno will invest nearly 2.50 lakhs per partner in one year to improve sales. They will also provide the partner with ongoing branding and collateral materials, as well as social media support. Business partners in their region can use their online ordering services. Zeno Health has assigned a marketing representative to manage an outreach program and execute marketing efforts in alignment with the retail partner in their region.


  • High margin even with more savings for consumers: Even after large consumer discounts, average margins of 20% can be achieved.

  • Effortless ordering and replenishment system: All medications can be ordered with just one click thanks to Zeno’s exclusive technology. All items are sourced from Zeno Health’s warehouse making it easy to reconcile and report GST. Generic, brand name and other medications are delivered daily.


  • Exclusivity to increase market share: In your territory, you have exclusive and monopolistic rights to high quality Good-Aid branded products. For your store radius, you have a ½ km area monopoly.


  • State-of-the-art and extremely scalable internal technology: Cloud-based, fully automated technology for invoicing, payment collection, distributor payment and account management, inventory management, delivery management. Automatic updates every month to increase performance.


  • Earn Incentives: Earn extra money with the Zero Incentive program. Monthly reward programs based on achieving specific Zeno goals.


  • Partner with a growing brand: Get recognized with the Zeno brand through the Zeno brand’s ongoing efforts in television, radio, print advertisements and celebrity social media marketing. Use of the Zeno logo and brand in store and on invoices


  • Zeno will continue to provide consumers with value-added services: Diagnostics, loyalty programs and other new services will be available to improve sales and value for consumers.

  • Simpler, hassle-free credit terms with automatic reconciliation


  • Support at every stage: For ongoing sales, sourcing, marketing, and technology support, contact your region’s key account manager. For any concerns, a dedicated helpline is available.

Mr. Siddharth Gadia, co-founder of Zeno Health, says, “Over the next ten years, we want to become the largest omnichannel healthcare platform in India, together with 1lac+ Zeno Pharmacies. By expanding our footprint in India, our franchisees will help us realize our ambition while contributing to the country’s economic development by creating new jobs,” he continues, “Educating customers about generics and helping them save money on their prescription spending by switching to high-quality generic alternatives is critical right now. training and testing, as well as a persistent discourse on pushing generic education to consumers, to support this proposition. They will also exclusively sell pharmaceutical products at standardized prices determined by Zeno, with 100 percent of the supply in medicines from Zeno or Zeno Affiliates for the pre-determined assortment. This will help us maintain transparency and allow our partners to earn reasonably. »

This is a unique opportunity to be part of history in the making. Come join the revolution today!

For more information, click https://zeno.health/campaign/franchise

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

Share.

About Author

Comments are closed.