PharmEasy becomes Largest Online Healthcare Delivery Platform in India

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.