Dr Madhukar Gangadi, Founder and CEO of leading Pharmacy retail chain MedPlus health Services Pvt Limited, has launched his new business initiative ‘BatchTag.com.’ BatchTag.com is an online platform that offers a wide range of premium quality products from furniture to home appliance to building materials at Factory Direct Prices.
At present, the platform offers products like furniture, building material and fashion related products. Shortly the portal will offer Home Electronics and Appliances.
There is no ‘cash on delivery’ system and the customer should pay 50 per cent cost at the time of placing order. A customer needs to select a product and place the order. When enough orders [for those products] from different customers come, BatchTag places the order to the factory and get them made and supplied to the customers. There will be waiting period for the customer before he gets the delivery of the products. BatchTag too will add its margin to the price which will be very less. Till now Rs 15 crore has been invested in the project and there are plans to raise Rs 100 crore for the business development.