• Chethan Machaknur

Online Pharmacy Medlife raised $6.8 Mn In Debt


Online pharmacy Medlife has raised $6.8 Mn in debt from Ivy Icon Solutions.Medlife’s parent company Medlife International Private Limited has allotted 50 compulsorily convertible debentures (CCD) at a nominal amount of INR 1 Cr per debenture, leading up to INR 50 Cr.


The development comes as Medlife is planning to get a bigger share of the online medicine delivery segment by planning a merger with rival PharmEasy. The duo has also sought the approval of the Competition Commission of India (CCI) on the merger.

11 views
  • Amazon Social Icon
  • Facebook Social Icon
  • LinkedIn Social Icon
  • Twitter Social Icon
  • Instagram

© 2020 by StartupNews. Proudly created in India