Startup ASEAN

SAVER'S MED PTE. LTD.

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Related Keywords

ACTIVE Healthcare & Education Healthtech

Headquarter Location

SELETAR HILLS ESTATE 10 JALAN RENGAS Singapore 808530

Company Profile Everyone speaks about healthcare costs all over the world, from the governments, politicians and industrial partners. Consumers/patients always end up struggling with ever-increasing costs, especially prescription costs. Prices of medications are high, especially for those who pay out-of-pocket.Clinics are not allowed to advertise discounts and promotions to patients. It has not been a practice for doctors to offer discounts to patients when they sell the medicines they prescribe from their clinics.Main Strength in Saver’s Med Business Model:Social enterprise façade. Neither are we an alternate distributor, wholesaler or pharmacy. Not a competition to existing distributors, clinics or pharmacies. First mover advantage with high barrier for new entrants.In 3 years Saver’s Med wants to have 100,000 members signed up and purchasing their discounted long-term meds generating about $75 million sales. Saver’s Med will charge a 5% transactional fee earning about $3.75 million.Massive opportunity to earn by selling other OTC and supplements to members using wholesale direct to consumer approach.MOU signed with a leading pharmaceutical distributor/wholesaler to partner Saver’s Med and fulfil the objective. (Proof of Concept)Many clinics already agreed in principle to be listed on our portal as one of the prescription collection units clearly show that it will be a win-win for patient group industry partnership. (Proof of Concept)Straits Times Health Desk has already reviewed and approved a story to be published on our concept, to be published when we launch. This will be a massive boost to our marketing initiatives.Web portal development project ($30,000) secured as convertible loan and work commenced by RMA Group, to develop Saver’s Med portal’s full functionality including secure member page, payment gateway, e-commerce facilities etc.Seeking to raise $200k - $300k for 20%-30% equity, at a pre-money valuation of $1 million.

Overview

Website

https://www.saversmed.com/

mohan0265@gmail.com

Founded Date

2018-11-27

Company Size

Company Stage

Industry

Healthcare & Education

Technology

Healthtech

Client Focus

B2C

Status

ACTIVE

Headquarter Location

SELETAR HILLS ESTATE 10 JALAN RENGAS Singapore 808530