Medlife acquires medicine delivery startup Myra Medicines

Myra's acquisition will enable the company to strengthen its pharma business and accrue profits, Medlife said in a statement.

New Delhi: Health-tech platform Medlife Monday said it has acquired Bengaluru-based medicine delivery startup, Myra Medicines.

Myra's acquisition will enable the company to strengthen its pharma business and accrue profits, Medlife said in a statement.

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The company, however, did not provide financial details of the acquisition.

While Myra was earlier handling about 4,000 deliveries a day in Bengaluru alone, its services are now ready to be scaled across 22 cities this quarter, it added.

Medlife Founder and CEO Tushar Kumar said, "Our acquisition of Myra Medicines will be a game changer in the delivery of quality services for access to medicines".

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Medlife, which is a leading player in the online pharmacy segment, recently announced plans to expand presence in the retail pharmacy segment.

Founded by Tushar Kumar and Prashant Singh in 2014, the company has emerged as one of the frontrunners in enabling better access to healthcare by offering an array of app-based online consultation, pharmaceutical, and related services across India.

"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," Myra Medicines Co-Founders Faizan Aziz and Anirudh Coontoor said.

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