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Hyderabad (Telangana) [India], August 14 (ANI/NewsVoir): Indian healthcare is witnessing a positive transformation, e-Pharmacy in India has an exponential growth opportunity. A Growing Challenge is to provide healthcare services to 1.35 billion people and Increasing ageing population base with a higher predisposition to chronic diseases. The number of smart phone subscriptions in India has increased to 619 million in 2019 and expected to reach one billion by 2025. ....
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The total size of the transaction could be about $40 million and may value the company at about $1.8 billion, up from the current $1.5 billion valuation. ....
Pharmeasy buys Medlife, creates India s largest online pharmacy SECTIONS Last Updated: May 25, 2021, 03:05 PM IST Share Synopsis Pharmeasy said that Medlife would discontinue its operations and would be merged with its own platform from May 25 ETtech Illustration: Rahul Awasthi Mumbai-based Pharmeasy on Tuesday announced the acquisition of its smaller rival Medlife. This is the largest consolidation deal in India’s fast-growing online pharmacy sector, and comes as Reliance, Tata and Amazon are all vying for a share of the market. “This will make us the largest healthcare delivery platform across the country by a distance serving more than two million families every single month,” Dhaval Shah, co-founder of Pharmeasy, wrote on Linkedin. ....