The leading online health service, ChemistDirect, had secured new investments totalling US$10 million. The said funding would be used to provide assistsnce to families on access to more products as well as advisories on the ever expanding market for health and beauty products.
According to ChemistDirect CEO Stuart Rowe, "What we care about is giving families and products and advice they can trust at a price they can afford. We're excited that this new investment means we can do even more."
Investors who led the financing include Atomico, dmg media investment and Lepe Partners. The new investment comes alongside the firm's year on year revenue growth at above 90%, mainly due to high ratings as to service and trust. More than 60% of sales are for repeat clients for ChemistDirect.
With an annual increase of the availability of health and beauty products moving to the online market, the key driving forces include use of the internet as source for medical research while the second one would be the UK government's move to go online on services.
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