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EPHARMACY STARTUPS
Pharmeasy founder Siddharth Shah steps down as CEOPharmeasy founder Siddharth Shah has stepped down as the chief executive to assume the role of vice chairman of the company's board. Rahul ...- Healthkart swings to profit in FY24, revenue tops Rs 1,000 croreGurugram-based Healthkart, which is a health supplement startup, reported a 23% on-year increase in operating revenue at Rs 1,021 crore fro...
- India’s healthtech companies could generate $37 billion revenue by 2030: reportIn 2022, the total topline of $2.7 billion generated by businesses operating in this space represented 1-2% of the country's overall health...
- Tesla rival VinFast looks to make in India; Digital India Bill to add laws on online offencesVietnam’s VinFast Auto, Tesla’s closest competitor in the electric car space, is looking to set up a manufacturing unit either in Tamil Nad...
- Exclusive: PharmEasy plans Rs 2,400-crore rights issue at 90% discount to repay loanMumbai-based epharmacy platform PharmEasy is likely to be valued at $500-600 million compared to the $5.6 billion valuation in 2021
- US investor Janus Henderson cuts PharmEasy valuation by half to $2.8 billionThe global investor, which picked a stake in PharmEasy in September 2021, has reduced the valuation of its holding in the firm by half, whi...
- Fintechs struggle to come together for self-regulation; epharmacies, govt officials hold talks over new rulesIndia's new-age financial services industry has faced constant regulatory scrutiny in recent years disrupting businesses across the board. ...
- PharmEasy delays IPO, targets Ebitda breakeven by next yearThe Mumbai-based firm is also stitching up a private financing round through a rights issue where company founders are expected to invest p...
- Digital health platform Mfine lays off 500 employeesThe job cut accounts for about half the workforce at Mfine that had been hiring employees until last month, according to media reports.
- Bitter Pill: India’s ePharmacies are shackled by regulatory inertiaAn enabling regulatory environment is the need for the hour, to help realize that vision and encourage pharmacies for digitization.
- Myntra ex-chief Narayanan may check into Medlife as CEOAnanth Narayanan has also invested personal capital in the e-pharma company.
- How government is obstructing democratisation of entrepreneurshipInnovation will always be ahead of regulation. The government should understand this and bring in policies that enable value creation.
- Restrictive Delhi HC order pushes India's online pharmacies on the backfootInvestors have continued to pour in significant amounts of capital in the burgeoning space, but the latest court decision is likely to affe...
- How online pharmacies are now rushing to pace up growthThe government is at last ready to acknowledge the online pharmacy sector and, at least in principle, agreed to give a serious hearing to t...
- The government has been very supportive on e-Pharmacies: Prashant TandonHarmonise all major applicable laws and Acts—definition of marketplaces as per DIPP, the Drugs and Cosmetics Act, and the IT Act, Tandon sa...
- Medlife has $30 million prescription to scale up businessWith this money, the company says it plans spread over 100 cities by 2018.
- Government working on a policy for e-pharmacy startupsThis comes as chemists plan a one-day shutdown of their shops later this month in protest against what they allege is the illegal online sa...
- A look at how epharmacies are trying to wade through a regulatory maze and resistance from offline chemists"Epharmacy business model is like prepaid mobile. A consumer with a chronic ailment will have to keep buying medicines," Amit Somani, manag...
- LifCare,raises $1 million in seed capitalLifCare, a Jaipur based subscription pharmacy which focuses on chronic illnesses, said it has raised $1 million in seed capital.
- 1mg provides diagnostic tests with free home pickupCurrently top labs such as Metropolis, Oncquest, Thyrocare, Molecure, Wellness Pathcare etc are the partners, with plans to add more leadin...
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