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Medlife acquires medicine delivery startup Myra Medicines


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.

Read Also: Medlife acquires Mumbai based digital healthcare platform

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”.

Read Also: Medlife to open 750 retail pharmacies across India by 2020 end

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.

The company 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.

“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.

Also Read: Medlife collaborates with AIOCD AWACS to launch campaign track



Source: with inputs
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