Bengaluru-based online healthcare platform Medlife has raised Rs 118.95 crore ($17 million) in an equity funding round from Founder Tushar Kumar’s family trust.
Medlife is a healthcare platform that deals with medicines and related supplies. The company was founded in 2014 by Tushar, and Prashant Singh.
Well they have the funding, the company plans to set up 750 street pharmacies, and 250 hospital pharmacies across India. That’s not all, they will acquire more than 140 street pharmacies in the next coming months.
Medlife recently acquired Mumbai based startup – Medlabz the deals in health insights to patients and corporates using AI.
Last year, the firm also acquired EClinic24/7’s technology. This technology helps the Medlife platform and enables customers to get immediate medical assistance and also offers video or voice call via the Medlife portal.
At present, Medlife is present in all metro and urban cities, including Ahmedabad, Bengaluru, Bhopal, Chennai, Delhi-NCR, Hyderabad, Jaipur, Kolkata, Mumbai, and Varanasi.