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
Flipkart CEO Kalyan Krishnamurthy has held multiple rounds of talks with PharmEasy's founding team, the Times of India report said
Aim is to create one of the world's largest healthcare companies, source says Medlife will retain 20-30% stake in combined entity
PharmEasy said it is encouraging digital and contactless payments that are not only convenient for its users, but also a must for their safety.
Gurugram-based 1mg, for example, is looking to immediately hire 500 people and another 1,000 over the next 2-3 months
The industry experts are expecting more activity in the segment, especially if a delayed regulatory framework takes place during the current year.
The decade has seen an impressive 25x growth in terms of the total funding raised by the startups.
Masayoshi Son-led SoftBank made massive investments in the Indian startups, biggest funding round
The new round is expected to see participation from Avendus Capital, Eight Roads Ventures India, F-Prime Capital, among others