# Medsonway Solutions Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/medsonway-solutions-private

- Industry: Pharmaceuticals
- Headquarters: Pune, India
- Website: www.medsonway.com
- Total disclosed funding: $0.6M
- Latest round: Seed (Nov 6, 2017)
- Investors on record: 1

## About

Medsonway Solutions Private Limited provides an innovative prescription drug membership model designed to enhance accessibility and affordability of essential medications for individuals, particularly those with chronic conditions.Medsonway Solutions Private Limited, founded in 2015, is based in Pune, India, and specializes in facilitating affordable access to medications. The company has undergone no significant changes in its business strategy since inception. The founders, Prashant MedsOnway and Varun Sai, have laid the groundwork for a company that primarily serves the U.S. market, with operations that accept over 64,000 pharmacies nationwide. The latest funding round occurred on November 6, 2017, when Medsonway raised USD 0.6 million in Seed funding led by RPG Ventures, which matches the total amount raised of USD 0.6 million.Medsonway Solutions offers a subscription-based membership providing access to over 800 generic medications at predictable monthly costs starting at USD 20. This service is particularly beneficial for individuals managing chronic conditions, as it includes home delivery and eliminates hidden fees, simplifying the healthcare experience and making medication affordability more attainable for its primarily uninsured or high-deductible customer base.In 2022, Medsonway Solutions reported a revenue of USD 35,775.9 and an EBITDA of USD 20,646.7. Revenue is generated through a subscription model that allows members to access discounted medications, achieving potential savings of up to 85% compared to brand-name alternatives. The flat-fee structure facilitates predictable budgeting for healthcare expenses.Following the recent Seed funding of USD 0.6 million secured in November 2017, Medsonway Solutions plans to enhance its service offerings and expand its market reach. The company is focused on introducing new products aimed at improving medication management and is exploring expansion into additional geographic regions within the U.S. to further increase accessibility. Specific release dates for upcoming products and the targeted regions for expansion have not yet been disclosed.

## Funding rounds

- Seed, Nov 6, 2017, $0.6M — RPG Ventures

## Investors

- RPG Ventures (https://capitalatlas.ai/funds/rpg-ventures) — Seed