Pharmeasy has announced the acquisition of rival Medlife, thereby creating India’s largest online pharmacy. The deal will make PharmEasy the largest player in the domestic online pharmacy sector, with the combined entity set to serve 2 million customers a month. The deal values the stake of Medlife shareholders at $250 million.
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Medlife customers need to log in to the PharmEasy app to start using their Medlife account via the same mobile number. All their digitised prescriptions and saved addresses dating back to a year will be available on the PharmEasy app.
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