Chemist Direct
| Industry | Online pharmacy |
|---|---|
| Founded | 2007 |
| Headquarters | , United Kingdom |
Key people | Mark Livingston: CEO |
| Revenue | £ 15.7m (2014) [1] |
| Website | www |
Chemist Direct is a UK-based company providing medical products and services in addition to beauty products online.
Founded in 2007, it received funding from technology investment firm Atomico in 2013.[2][3]
History[edit]
Chemist Direct initially started in Westminster in 2007 and was launched by entrepreneur Mitesh Soma and his wife Krishna Soma,[4] a UK registered pharmacist. During its early days, the company started out with the primary goal of providing a wide range of products at discounted prices. At the beginning of 2008 Mitesh, his wife, and their team of four moved from Westminster to Leicester and began to expand the business and build a larger team.
Growth and current status[edit]
In 2009, Chemist Direct caught the attention of Atomico, the VC firm founded by Skype's Niklas Zennström which specialises in technology investments. Atomico made an investment of £3m,[5] allowing Chemist Direct to strengthen their team and develop a wider product range.
In 2011, Mitesh Soma recruited Stuart Rowe, who previously had spent six years as the managing director of Play.com and before that the e-commerce director of HMV, as the chief executive of Chemist Direct.
Chemist Direct is now one of Europe's largest online chemists,[citation needed] with over 50 staff members at its 10,000-square-foot (930 m2) warehouse in Birmingham, as well as a professional team of pharmacists and product buyers. They have over one million customers and sell more than 20,000 products online. The company has also widened its product ranges to include nursery equipment, pet food, organic skincare, mother and baby products, sports supplements, grooming and healthcare products, electricals, and household cleaning products.[citation needed]
In July 2016, it announced a merger with Pharmacy2U.[6]
References[edit]
- ^ "DIRECT HEALTHCARE LIMITED, Companies House". Companies House. Retrieved 21 December 2016.
- ^ Atomico”. "Atomico - Chemist Direct". Retrieved 27 Jan 2014.
- ^ "Online pharmacy ChemistDirect has found right remedy". Telegraph. 6 Jul 2013. Retrieved 27 Jan 2014.
- ^ "Interview: Mitesh Soma, founder of Chemist Direct"
- ^ "Mitesh Soma on setting up online pharmacy"
- ^ "Leeds' Pharmacy2U completes £40m merger with Chemist Direct to create industry giant". Bdaily. 4 July 2016. Retrieved 28 July 2016.
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