The move ahead of the Gurugram-based firm's acquisition by the Tata Sons arm
The firm is already raising its next round at a valuation of about $1.8 billion, the person said, wishing to remain anonymous as the fresh round is still underway
The startup procures generic medicines from around nine major pharmaceutical manufacturers
Sources said that the hospital chain is targeting large Domestic Mutual Funds, Sovereign Funds
The order analysis is based on millions of orders received by Swiggy
Amazon, Reliance recently announced their foray into e-pharma sector
Called Amazon Pharmacy, the new store lets customers price-compare as they buy drugs on the company's website or app.
Online pharmacy segment has significant traction amid the Covid-19 pandemic
Reliance swoops on Netmeds; sector expected to hit revenues of over $3.6 bn by 2022
Promoted by Dadha Pharma, Netmeds is one of the earliest players in online pharmacy having incorporated in 2015
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
The letter has also been addressed to Prime Minister Narendra Modi, Union Home Minister Amit Shah and other top ministers and government officials
The company will gradually expand to other tele-medicine ecosystems like e-pharmacy, health check-ups and healthcare related service
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
Medplus has its largest presence in South India and is now expanding in western region with stores in Pune and Nagpur
This took place even as regulatory challenges posed a threat to the business model towards the end of the year
A single-judge of the court had banned online sale of drugs and cosmetics effective from Thursday.
Chennai-based Tamil Nadu Chemists & Druggists Association has sought a stay on selling medicines online