Announced Date: January 2021
PharmEasy, India’s largest integrated digital healthcare platform, acquires Medlife
We are pleased to announce that our client PharmEasy has successfully acquired Medlife International Private Limited (“Medlife”).
Founded by Tushar Kumar, Prashant Singh and Ananth Narayanan, Medlife is one of India’s leading e-health platforms, with a comprehensive suite of e-pharmacy, e-diagnostics and e-consultation services. It has a dominant market share in the organized e-pharmacy market and has emerged as one of the largest e-diagnostic players in India.
The combined entity is today India’s largest and fully integrated digital healthcare platform. The acquisition will allow PharmEasy, India’s largest tech-enabled full stack provider of outpatient healthcare services, to expand its presence across geographies where Medlife has a strong presence, as well as fortify its private label and diagnostic services portfolio.
The deal reiterates o3 Capital’s strong delivery credentials in the healthcare space and reinforces our ability in consummating deals in the digital ecosystem.