Swastika Investmart signs MoU with Medcords Healthcare Solutions to accelerate growth of retail pharmacies

Swastika Investmart and Medcords Healthcare Solutions have together launched a finance scheme for ‘Sehat Sathi App’-registered medical stores. With this alliance with Swastika Investmart’s NBFC arm, Sehat Sathi platform aims at providing financial assistance to its retail pharmacies for their growth, the companies said in a joint statement.

Medcords Healthcare Solutions is a health-tech startup, empowering medical stores to sustain and grow by providing them with resources they are lacking like technology, new customer base, buying medicine in bulk, e-consultation with doctors, etc. The pandemic has impacted every aspect of the healthcare system, disrupting the continuity of healthcare delivery practices and patient access to high-quality medical care, the statement said.

It added that Sehat Sathi App is an ecosystem for Medical stores, patients, doctors and healthcare service providers to interact and avail the services using its advanced technology. The platform now enables pharmacies to access unsecured business loans at low-cost interest rates from Swastika NBFC. These loans will be provided for three-to-12 month period in the form of term loans and limits. Further, it will be instantly approved with minimal documentation. Medical stores have to apply on the ‘Sehat Sathi’ app for their loan requirements.

“Committed to addressing the most prevalent and persistent business challenges, Swastika Investmart is doing alliances with startups and nurturing them. Financial aid with technological innovation is a critical enabler as trusted and reliable solutions are built at scale,” said Amit Pamnani, DGM, Swastika Investmart.

Adding to it, Shreyans Mehta, Founder, Sehat Sathi, said, “Global Pandemic has forced us to rethink how healthcare services across the world operate, and to find solutions for some of the most pressing healthcare challenges. Sehat Sathi app aims to help medical stores registered on it with acquiring and managing customers, buying bulk medicines and financial support to augmenting their revenues.”