India is one of the largest exporters of generic medicines globally. Generic drugs constitute around 65 to 70% of the entire pharmaceutical industry. DavaIndia is one of the largest producers and suppliers of generic medicines in India.
In this franchise guide, we’ll provide all the required information for anyone looking to start a davaIndia franchise. We will give you every detail, including the history of the brand, the benefits of owning the franchise along with benefits, and the application process for the DavaIndia Franchise.
History of DavaIndia
Launched in 2017, DavaIndia owns around 100+ stores throughout India and is expecting to expand its operations across the country by opening 3000 more DavaIndia retail stores. Based in Surat, DavaIndia is considered one of the most reputed generic medicine brands in India.
DavaIndia has more than 3200 generic drugs under its brand. It also exports its products to more than 18 countries and has over 1200 distributors across the world. The primary mission of DavaIndia is to transform the pharmaceutical industry by making drugs made available to the common man at affordable prices.
What is Generic Medicine?
A generic medicine is a drug that comprises the same components or chemical substances of other drugs that are patented. Once the patents for the original medicines expire, these generic medicines are allowed for sale to the public. By the term generic drug, it only has the same chemical substances.
Still, the chemical process and formulation might be different from the original drug. The performance is always said to be equivalent to the original. It can come with a different colour and different packaging along with different pricing too. One of the main advantages of generic medicine is that they are cheaper than the original ones.
Benefits of Running a Franchise of DavaIndia
Let’s look at the benefits of opening a DavaIndia franchise of your own:
Reputed Brand
DavaIndia is one of the most trusted and reputed brands when it comes to a wide range of generic medicines. If you are about to start a business of your own, then better start a franchisee of a reputed brand as it gives you a better chance for success.
Diverse Range of Products
DavaIndia offers a diverse range of products for its customers at affordable prices, including:
- Over 3200+ products
- Hair oil products
- Baby Soap
- Ayurvedic products
- Skincare products
- Cough Syrup
- Pain relief medicines
Advertising and Marketing
When you start your own online business, the major hurdle you will face is to promote your business across the stiff competition from reputed brands. But on the other hand, if you take a franchise of a well-established brand, you won’t need to spend any money on advertising and marketing.
Excellent Margins
As a franchise owner, you will get around 25% discount on all products. You also stand to benefit up to 10% additional discount to a maximum of 10000 INR till 18 months.
Requirements for Starting a DavaIndia Franchise in India
Please read the requirements specified below to start a DavaIndia franchise in your city:
Area Requirement
To open a DavaIndia franchise in your place, you will need a minimum of 120 to 200 sq. ft. of space in a residential or commercial area with a lot of footfalls. If required, DavaIndia will also provide location assistance to help you find a location with good business.
Experience and Skills
When it comes to the experience & skills needed for opening a DavaIndia franchise, you should have a valid drug license to run a pharmaceutical store along with a minimum of 2 years of experience in running a pharmacy.
Training
You will also be provided with all the necessary training to get acquainted with DavaIndia products and functioning. Every franchise owner will also get a detailed manual with information about all the products along with their prices.
Investment – How Much Does a DavaIndia Franchise Cost in India?
The minimum investment required to opening a DavaIndia Pharmacy Franchise is approx 8 lakh rupees. Their one-time franchise fee is 1.5 lakh rupees, and the rest of 6.5 lakhs will be for your unit franchise investment.
Agreement
The agreement tenure between a franchise owner and DavaIndia is around 3 to 5 years. If the agreement is not renewed at the end of the tenure, the franchise owner cannot run the franchise.
How to Apply for a DavaIndia Franchise?
Suppose you are serious about starting a business of your own and becoming an entrepreneur. In that case, this is the right time. DavaIndia is looking for business partners throughout the country and is accepting proposals for opening a DavaIndia franchise.
Online Application:
You can apply online for a franchise from their official franchise page.
Email Enquiry:
You can also contact them through email for any inquiries related to franchise opening. The mail address is: care@davaindia.com
Through Phone:
DavaIndia also can be contacted through phone at + 91 07284858584
Once you submit the application, it will be reviewed by a team in DavaIndia. Once your application is approved, you will be called for a personal interview. Then, you need to submit some documents, including a copy of your drug license, experience summary certificate, Aadhar card, etc.
Once everything is approved, a team from DavaIndia will visit your store and assess the conditions. Finally, when you pay the franchise fee, you will be asked to sign the franchise agreement, and the DavaIndia team will help you get the store set and start your business quickly.
Final Words
DavaIndia is a famous brand in generic medicine and is also exporting medicines to a lot of countries. Hence, people are well-aware of the brand. If you are looking to become an entrepreneur, this is the right time to open a DavaIndia store in your place.
We hope that the above franchise guide has provided every information needed about starting a DavaIndia Franchise in your city. If you still have any comments or suggestions, please post them in the feedback section below, and we will be happy to provide all the answers at the earliest.