Indian online pharmacy startups attract investor interest despite regulatory concerns

Indian online pharmacy startups attract investor interest despite regulatory concerns

Zigy co-founder Hemant Bhardwaj hired three law firms just to ascertain if the business of online pharmacies was legal. Photo: Hemant Mishra/Mint

It’s a $18 billion market set to grow to $55 billion by 2020 and it’s finally beginning to get the kind of attention from investors and entrepreneurs those numbers warrant—despite uncertainty over the legality of the business itself.

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