Page 3 - Pharmeasy

PharmEasy parent to acquire 66% stake in Thyrocare for Rs 4,546 cr

PharmEasy will retain the Thyrocare brand

PharmEasy to pick up 66.1% stake in Thyrocare for Rs 4,546 crore

The combined entity will have the ability to provide diagnostics and pharmacy services to 100 million-plus Indians within 24 hours, the company said in a statement

Top headlines: RBI extends restrictions on PMC, Franklin moves SAT, & more

Business Standard brings you the top news of the evening

Apollo's digital platform move may fuel consolidation, benefit consumers

Apollo will merge its online and offline pharmacy businesses (excluding hospital pharmacies) and telemedicine verticals into a single entity called Apollo HealthCo

Exploring windows to enhance shareholder value: Thyrocare Technologies

Thyrocare's market capitalisation is around Rs 6,916 crore. The deal thus could be for a shareholding in the firm

Ananth Narayanan starts Mensa Brands after exit from PharmEasy-Medlife deal

Mensa aims to create a tech-led 'House of Brands' for e-commerce industry; has closed Series A round, raising $50 mn from Accel, Kunal Shah, Mukesh Bansal and Scott Shleifer of Tiger Global

PharmEasy acquires Medlife, becomes India's largest e-pharma company

As Medlife discontinues operations, its users will move seamlessly to Pharmeasy, which will now serve 2 million households every month

Medlife to cease operations, merge with PharmEasy this week

PharmEasy cofounder Dhaval Shah wrote on LinkedIn that the merged entity will be India's largest online healthcare delivery platform, serving over 2 million families every month.

Tech firms, startups gearing up to vaccinate employees after May 1

Healthcare platform PharmEasy says 5 million individuals and 1,200 companies have already made a "soft commitment" to vaccinate themselves and their families

The next online tonic: E-majors, corporate giants eye e-pharmacy business

Amazon, Reliance recently announced their foray into e-pharma sector

API Holdings' proposed 100% acquisition of Medlife gets CCI's approval

Healthcare company Medlife is primarily engaged in wholesale and distribution of drugs. API Holdings is the parent entity of API Holdings group

Isha, Akash Ambani, Byju, Poonawalla debut on Fortune's '40 under 40' list

The list covers five sectors including finance, technology, health, government/politics and media/entertainment

Medlife, PharmEasy agree to merge; deal may be valued at over $1 bn

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

After Amazon, Flipkart eyes e-pharmacy business, begin talks: Report

Flipkart CEO Kalyan Krishnamurthy has held multiple rounds of talks with PharmEasy's founding team, the Times of India report said

E-health cos Medlife and PharmEasy in talks for $200 million merger deal

Aim is to create one of the world's largest healthcare companies, source says Medlife will retain 20-30% stake in combined entity

PharmEasy, Amazon India tie up to enable digital payments using Amazon Pay

PharmEasy said it is encouraging digital and contactless payments that are not only convenient for its users, but also a must for their safety.

E-pharmacies ramp up hiring as orders grow two-fold amid Covid-19 lockdown

Gurugram-based 1mg, for example, is looking to immediately hire 500 people and another 1,000 over the next 2-3 months

Online pharmacies see record funding in 2019, investments double to $321 mn

The industry experts are expecting more activity in the segment, especially if a delayed regulatory framework takes place during the current year.

Indian start-ups raised a record $14.5 bn in 1185 funding rounds this year

The decade has seen an impressive 25x growth in terms of the total funding raised by the startups.

Indian startups raise a record $14.5 bn in 2019, 459 Series A rounds held

Masayoshi Son-led SoftBank made massive investments in the Indian startups, biggest funding round