Online pharmacy Medlife bags $6.8 Mn in debt
Image Credit: shortpedia
Bengaluru-based online pharmacy Medlife has raised $6.8 Mn in debt from Ivy Icon Solutions. Earlier this month, the healthtech startup raised $23.6 Mn or INR 173 Cr in a mix of debt and preference shares from SC Credit Fund and Prasid Uno Family Trust. PharaEasy and Medlife have sought CCI’s nod on their merger, which may form a $1 Bn entity. Reliance and Amazon have entered the epharmacies domain as well