Latest News | Infopark Startup Kogland Clocks 10 Fold Rise in Revenue in FY21

Kochi, Dec 9 (PTI) Kogland, a leading e-marketplace startup has become the country's fastest-growing medical procurement company with a 10-fold increase in revenues, aggressive hiring, and scaling up plans.

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The company, which connects healthcare providers and suppliers digitally with simplified procurement of bulk medical supplies across India, has increased its financial earnings more than 10 times in a year.

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"The medical marketplace promotes alliances with top and cutting-edge medical technology partners to curate an assortment of high-quality medical accessories and advanced medical equipment across a wide range of selections, prices, and convenience," the company said in a release.

The online platform is a one-stop surgical store for dental clinics, small-medium hospitals, clinics, and other healthcare providers.

"When the country was reeling under the unprecedented Covid-19 pandemic, the KOGLAND marketplace went digital in a massive way to ensure safe and timely procurement of medical supplies through contactless deliveries," Varghese Samuel, CEO and Managing Director of KOGLAND Commerce Pvt Ltd said.

The team bestowed round-the-clock service with prompt shipments and went the extra mile to help hospitals and clinics avoid stockout and fight the crisis. This helped the B 2 B startup to generate revenue above 10 times is a short span of time, Samuel said.

The company was launched in 2015 in Kochi Infopark as a sister concern of Fingent Technologies, a leading New York-based IT company.

The online marketplace helps hospitals and medical care facilities to overcome the challenges faced by them in meeting procurement, price volatility, availability, product selection, and its logistics.

KOGLAND, with it's easy to use online platform, enables a hassle-free shopping experience for customers country wide.

It also encourages vendors to list their products on the marketplace for free, fostering a better online presence for their brands and products, thus pushing sales across the entire country rather than being confined to a small geographical area, the company said.

With the rising growth in business, KOGLAND upgraded the platform capabilities with enhanced features to provide an elevated user experience and streamlined inventory-sales management to support an infinite number of customers and vendors.

"Although medical technology has grown leaps and bounds in providing medical treatments, supply chain and procurement is still in the nascent stage, very chaotic and time-consuming with numerous parties in between. Also, spurious, and counterfeit products abound in the market. KOGLAND seeks to eliminate this problem by doing away with middlemen, old traditional processes and unwanted meetings, pioneering a new way of buying for the B2B healthcare market," Samuel said.

Today, the start-up procurement company has collaborated with more than 50 vendors to facilitate a diverse range of sophisticated medical products.

On getting authorized accounts, medical practitioners, medical equipment dealers, distributors, pharmacies, surgeons, clinicians, doctors, technicians, and nurses can purchase any medical equipment, devices, consumables, or accessories from the KOGLAND online store via multiple payment options. Additionally, they can convert their purchases into interest fee EMIs without any hassle after the online purchase.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)