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E-health companies Medlife and PharmEasy are in talks for a merger deal valued at $200-$250 million, according to sources. The aim is to create one of the world's largest healthcare companies.
“The modalities are being worked out. Medlife will retain 20-30 per cent stake in the combined entity,” said a person with direct knowledge about the development.
While PharmEasy co-founder and CEO Dharmil Sheth declined to comment on the development, Medlife cofounder and CEO Ananth Narayanan could not be reached for comment.
Co-founded by Tushar Kumar, Prashanth Singh and former Myntra-Jabong CEO Ananth Narayanan in 2014, Medlife provides services such
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