Entrackr- Tech Startup News

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• latest startup news

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Latest Startup News Medlife In The Race To
Raise 50 Million

• The latest startup news for the week starts with
  the online medication delivery startup, Medlife
  remains in talks with multiple financiers to
  elevate as much as 50 million, according to 2
  individuals accustomed to the issue. The
  discussions are in advanced phases and also the
  round is expected to close in the next 4-6 weeks,
  including the people stated over.
• This comes with a time when on the internet
  medicine orders have seen an over 200 increase
  widespread over the last 30-40 days owing to the
  nationwide lockdown. "Capitalists are trusting
  e-commerce within the grocery and also medicine
  and are aiming to invest," claimed one of the
  persons mentioned above, requesting anonymity.
  According to latest startup news, "Medlife was in
  meetings with a number of prospective investors
  also as will definitely shut the round within the
  few months ahead."

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Tech Startup News

• Medlife confirmed the growth as they remain in
  "conversations with multiple companies
  simultaneously as per tech startup news.
• Resources likewise stated that Medlife had
  obtained acquisition deals, including one from a
  personal healthcare facility chain. A Medlife
  executive however, stated - "We will still run
  individually also will raise money over next few
  months," Medlife's funding discussions likewise
  come just a couple of days after a report came in
  regarding Reliance Industries remaining in talks
  to purchase Netmeds-- another medicine delivery
  startup that has initially been in talks with
  e-commerce significant Flipkart.
• On the internet, medication distribution
  companies have observed increasing needs over the
  last several weeks, yet have had problems meeting
  all the orders because of infrastructural and
  supply chain problems as mentioned in the latest
  startup news.

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latest startup
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Medication Distribution Companies

• The Medlife startup was founded by Tushar Kumar
  and Prashant Singh in 2014 . Nevertheless, in
  August, previous Myntra-Jabong CEO Ananth
  Narayanan signed up with the company as a
  co-founder as well as president. Apart from
  medicine delivery, Medlife offers online
  consultation services analysis examinations as
  well. Their solutions are offered in over 4,000
  cities across 29 states, per their web site.
• Medlife competes with the likes of Netmeds, 1MG,
  Medplus, and also Pharmeasy, which shut a 220
  million round led by Temasek in November valuing
  the business at around 700 million.
•  Entrackr is the one-stop solution for all tech
  startup news in India. Here you can find news and
  analysis, with exclusive segments covering all
  types of startup-related information.
• Stay tuned with the latest startup news.

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