Photo - Ph Store
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Ph Store

Dear pharmacist All needs & more @ Ph store

Egypt
Market: Medicine, Pharmacology, Mobile applications
Stage of the project: Operating business

Date of last change: 22.05.2021
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Idea

Ph is the leading platform in the field of pharmaceutical work, as it represents the intermediate link between pharmacies and stores or suppliers” electronically”, so that the pharmacist work becomes easy and of high quality in Egypt and the Arab region in the future.

Current Status

we started in 04/2019 with only 8 customers / 8 orders /200 visits / 11 downloads / 17400 revenue ( one city )
04/2021 we reached 530 customers / 4735 orders /7500 visits / 507 downloads / 3721320 revenue ( 6 governerates )
we have more than 3000 accounts
about 1200 of them dealing with us

Market

Market Size
Egypt have more than 225.000 pharmacists & about 80.000 pharmacies all over the country
80.000 Total Available Market (TAM)
60.000 Serviceable Available Market (SAM)
40.000 Serviceable Obtainable Market (SOM)

From now we use our communications with our Egyptian pharmacists in KSA & UAE to obtain a market research

Problem or Opportunity

problems are (4D)
Depending on a limited number of suppliers for purchases
Doing work by manual handling of purchases
Disability to obtain deficiencies in the market or know the timing of their availability
Different stores from different areas for different products can't be in one place

Solution (product or service)

Availability of a large number of suppliers which provide variety of prices
Converting manual purchases to self shopping online and electronic follow-up
Periodic notifications of the availability of deficiencies
Stores of all needs (drugs,medical supplies,cosmetics)
any thing they want we can make special orders

Competitors

Direct Competitors
Till now we haven't any direct competitors with same idea & operation system
Indirect Competitors
There are a lot of indirect competitors But they haven't online soln. , nor viewing different prices for same product

Advantages or differentiators

** Ability to purchase all products at the best discounts available from suppliers from one place by one click
** Ability to compare the price and discounts of any product by simply searching for it on the platform then buy it with the best price
** Availability of drug index and the possibility of knowing product information and knowing (alternatives , parallels , product prices & discounts)
** Connection between pharmacists themselves to exchange slow moving drugs instead of losing it .

Finance

revenue streams
-Direct commission
-Marketing for others
-Shipping fees
-Fees for subscription.
-Ad-based
-Exclusive agency for some products
-Data & ( data analysis reports )
-Emporting & Exporting
-ERP system for pharmacy management

Business model

35% Activation Rate
12000$ Burn Rate
7$ Customer Acquisition Cost
02-Mar Months to recover CAC
16% Lead Velocity Rate
166 Sign-Ups
16 MoM (Month-on-Month Growth) sales 
13.5 MoM (Month-on-Month Growth) no.of customers 
2.50% Gross Margin 
1620$ Average revenue per account (ARPA)
80% Customer Retention Rate (CRR)

Money will be spent on

expansion,marketing,upgrading

Offer for investor

equity

Team or Management

Risks

running cost

Incubation/Acceleration programs accomplishment

no

Won the competition and other awards

no
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation