Medlife

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As Medlife discontinues operations, its users will move seamlessly to Pharmeasy, which will now serve 2 million households every month

PharmEasy cofounder Dhaval Shah wrote on LinkedIn that the merged entity will be India's largest online healthcare delivery platform, serving over 2 million families every month.

Healthcare company Medlife is primarily engaged in wholesale and distribution of drugs. API Holdings is the parent entity of API Holdings group

The proposed combination relates to the acquisition of 100 per cent equity shares of Medlife by API Holdings, the parent of PharmEasy, in return for 19.59 per cent equity share capital

Aim is to create one of the world's largest healthcare companies, source says Medlife will retain 20-30% stake in combined entity

The price of a test is set at Rs 4,500 and will be conducted by labs authorised by the Indian Council of Medical Research (ICMR), Medlife said in a statement.

Uber, in a press release, had said that the partnership was aimed at ensuring that essential needs are fulfilled right in the safety of customers' homes

Kolkata, Hyderabad, Jaipur, Lucknow and Pune to get the service

Gurugram-based 1mg, for example, is looking to immediately hire 500 people and another 1,000 over the next 2-3 months

The platforms have seen an upsurge up to 3x their weekly average orders, with hand sanitisers and masks being the most sought-after products

Ananth Narayanan wants to turn Medlife into a $2-billion player

MedLife has mobile apps for everyone, and a smartphone is where all the tasks happen

MedLife leverages the power of process and technology to deliver medicines to achieve this end; it now plans to crunch the time to 30 minutes or less

MedLife has seen 100 per cent year-on-year growth. It has built very unique assets that are not there with other players

The company, which is a leading player in the online pharmacy segment, is mainly looking at acquisitions to achieve the target