Hotline: 1800 102 2007
X
Search Business Opportunities
May, 06 2019

Medlife buys Bengaluru-based Myra Medicines

Post acquisition, Medlife will be gaining access to Myra’s express delivery segment and expand the service to 22 cities in the coming months.

Online pharmacy Medlife has acquired Myra, a Bengaluru-based medicine-delivery startup, in an all-stock deal. This acquisition will enable Medlife to strengthen its pharma business and accrue profits.

Post acquisition, Medlife will be gaining access to Myra’s express delivery segment and expand the service to 22 cities in the coming months.

Tushar Kumar, Founder and CEO, Medlife, said, “Our acquisition of Myra Medicines will be a game changer in the delivery of quality services for access to medicines. Having Myra on-board will further strengthen our standing as a dependable and reliable partner for people’s health. Our target for the next quarter is to achieve a 30-minute to the one-hour delivery window.”

“Medlife is currently servicing over 20,000 deliveries every day across 29 states and having Myra on board will further strengthen its standing as a dependable and reliable partner for people's health,” he added.

Faizan Aziz and Anirudh Coontoor, Co-Founders of Myra Medicines, stated, “Myra was established with the vision of ensuring timely access to medicines across the country. We have implemented the model successfully in Bengaluru; but now with Medlife's support, the services will be extended to several other cities.”

Comment
image
Related opportunities
  • After School Activities
    About Us: Kumon is the world’s leading after-school enrichment programme. Founded..
    Locations looking for expansion New Delhi
    Establishment year 1958
    Franchising Launch Date 2005
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Degree/Diploma Colleges
    About Us: Instituto Hispania was incepted to remove language barriers, promote..
    Locations looking for expansion Delhi
    Establishment year 1997
    Franchising Launch Date 2009
    Investment size Rs. 10lac - 20lac
    Space required 1300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Aviation & Hospitality Training Institute
    About Us:  Young chef India schools is a concept floated by..
    Locations looking for expansion West Bengal
    Establishment year 1994
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 1100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Kolkata West Bengal
  • Quick Service Restaurants
    Looking for your own lucrative business in ever growing fast..
    Locations looking for expansion New Delhi
    Establishment year 2009
    Franchising Launch Date 2012
    Investment size Rs. 10lac - 20lac
    Space required 200 - 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Rajouri New Delhi
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities