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Pharm Easy buys Medlife. One e-health entity

New Delhi: Mumbai-based Pharm Easy announced Tuesday its small rival Medlife as major companies such as Reliance Industries (RIL), Amazon and Tata Group seek to share India’s fast-growing electronic pharmacy market. Acquired and space.
Pharm Easy, worth $ 1.5 billion, became India’s first electronic pharmacy unicorn last month after raising about $ 320 million from TPG Growth and Prosus Ventures. The transaction will shut down Medlife and give existing customers more access through the PharmaEasy app.
PharmEasy co-founder Dhaval Shah said in a LinkedIn post that the acquisition will make the merged entity the largest healthcare delivery platform in the country. “From now on, we aim to provide better service to people,” he said. While the integrated entity serves 2 million customers each month, Bengaluru-based Medlife’s retail partners will onboard PharmaEasy.
Raja Lahiri, a partner at Grant Thornton Bharat, said:
India’s e-health market, which is expected to have $ 16 billion in opportunities by 2013, has recently witnessed active activity. RIL acquired 65% of pharmacy startup Netmeds for Rs 62 billion, but Amazon launched a pharmacy to deliver medicines to consumers across the country. The Tata Group is also keenly interested in 1 mg, an electronic pharmacy headquartered in New Delhi.



Pharm Easy buys Medlife. One e-health entity

Source link Pharm Easy buys Medlife. One e-health entity

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