Medikabazaar, an online platform for procuring medical supplies and health technology, has announced that it would expand its current workforce and double it by the end of the financial year. The company at present employs over 600 individuals, including off-roll employees. To transform this number to 1200 over the next few quarters, it would also look at hiring skilled candidates from leading institutes including the IITs and IIMs. The company envisions that the new talent acquisitions will enable it to meet the growing demand for its multitude of offerings.

In light of this announcement, Vivek Tiwari, CEO, Medikabazaar, says “Our near-term focus has been on and will continue to be on strengthening our core offerings in various categories and catalyzing our supply chain, operations, and technology to ensure business competitiveness. The expansion of our team will ensure that we will continue to build on our proven success and prepare for a sustained growth phase."

He further shared, "Medikabazaar is today at an inflection point and the proposed doubling of the workforce will be the highest addition made since the company began operations. The addition to the workforce will be across departments and will ensure the right mix of skills for the digital future that will include AI, ML, IoT, and AR/VR technology-based services to enhance customer experience and make it more intuitive.”

While the pandemic placed pressure on several companies to lay off their workers, given the rise in demand for efficient healthcare delivery systems, the last fiscal saw a rise in Medikabazaar’s operations accompanied by growth in terms of manpower. With over 100,000 established corporates, hospitals, and government bodies, over 150,000 individual small buyers, and more than 15,000 seller partners already on board, the company is aiming for a 300 percent growth through FY 2021-22. The current planned employee expansion will once again see Medikabazaar exploring talent for its niche high-growth market.