PharmEasy has acquired Medlife for an undisclosed amount, the e-pharmacy unicorn said on Tuesday. The deal will make PharmEasy the largest player in the domestic online pharmacy sector, with the combined entity set to serve 2 million customers a month.
“We started in 2015 with the purpose of making affordable health care accessible to all; PharmEasy now covers every single pin code. With this, we aim to reach even more people across India. This makes us the largest health care delivery platform in the country by a distance — serving more than 2 million families a month,” wrote Dhaval Shah, co-founder of PharmEasy, on Linkedin.
The deal values the stake of Medlife shareholders at $250 million, said a person close to the