PharmEasy To Become India’s Largest Medicine Delivery Platform, Acquires Medlife
- ByStartupStory | May 25, 2021
E-pharmacy startup PharmEasy acquired peer Medlife for an undisclosed amount in a deal that skyrockets its position to number one as India’s largest medicine delivery platform.
With the acquisition, Mumbai-based PharmEasy will serve over two million families every month, the e-pharmacy startup said, on becoming India’s largest medicine delivery platform.
Medlife will discontinue operations from May 25, 2021, and its existing retail partners will be swiftly on boarded onto PharmEasy’s platform, the startup added.
“We started with the sole purpose of making affordable healthcare accessible to all in 2015. PharmEasy has now covered every single pin code across the country. With this, we aim to reach even more people pan-India and cater to their healthcare needs,” Dr Dhaval Shah, Co-founder of the Mumbai-headquartered startup, becoming India’s largest medicine delivery platform said in a post on LinkedIn.
Pharmeasy will absorb Medlife’s existing customers as per the deal, the startup said. To set up their new accounts, Medlife’s existing users will have to log in on PharmEasy’s app using the same mobile number they were using on the older platform. That will pull up all digitised prescriptions and saved addresses dating back to a year on the new platform.
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