PharmEasy has completed the acquisition of Medlife to become the largest healthcare delivery platform in India.
Daily Current Affairs Quiz 2021
PharmEasy, valued at $1.5 billion, became India’s first e-pharmacy unicorn last month after raising around $320 million from TPG Growth and Prosus Ventures.
The global e-pharmacy market, estimated at $69.7 billion in 2019, is expected to grow 17 per cent y-o-y to $244 billion in 2027. India’s share in the global market is comparatively small.
In developed countries such as the US and Europe, e-pharmacy is a flourishing market and part of the more structured medical services market. Medicines are prescribed by physicians and tracked through barcoding to ensure systematic supply.
