Hotline: 1800 102 2007
X
Search Business Opportunities
Jan, 15 2019

Medlife to launch 750 pharmacies across India by 2020-end

Currently, Medlife is present in around 21 cities with 50 licensed pharmacies.

Medlife, the health-tech platform, is planning to launch 750 pharmacies across India by the end of 2020, expanding its presence in the retail pharmacy segment. The company is eyeing at acquisitions to achieve the target. 

Tushar Kumar, Founder and CEO, Medlife, said, "We have started the omnichannel where we are now looking at active acquisitions of offline retail chains. We want to open close to 750 retail pharmacies in two years, by end of 2020. These stores will act both as offline pharmacies and also as well as hyper-local centres for last mile delivery of medicines."

"We have earmarked around Rs 250 crore for the acquisitions. This would be raised through internal accruals and we also have a commitment from the Alkem Family Trust," he added.

Currently, Medlife is present in around 21 cities with 50 licensed pharmacies.

Kumar stated, "We want to expand our presence to 50 cities from present 21 where we are operating and will be adding 60 more fulfilment centres in the coming fiscal year." 

Medlife will open pharmacies at the new locations, mainly tier II cities like Indore, Chandigarh, Mangalore, Durgapur, Howrah, Surat, Nagpur and Kanpur among others.

Comment
image
Related opportunities
  • About Us : FirstGo India Mart is an Online &..
    Locations looking for expansion Uttar pradesh
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater LUCKNOW Uttar pradesh
  • Quick Service Restaurants
    About Us: The Khoune Pizza franchise model is a unique, one-of-its-kind..
    Locations looking for expansion Delhi
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 60
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Bags & luggage
    About Us: Legendary Sports Retail Brand of India NIVIA is a true..
    Locations looking for expansion Punjab
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Panchkula Punjab
  • About Us: Welcome to the world of premium modular kitchens, crafted..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2008
    Investment size Rs. 30lac - 50lac
    Space required 900
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
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