Bengaluru-based online pharmacy company Medlife has acquired another startup, EClinic24/7, founded by Jeyandran Venugopal.
With this acquisition, Medlife has become one stop center for all the healthcare needs of the customer — from doctor e-consultations, lab tests, health supplements, to delivery of medicines, a company statement said.
“The acquisition will help us offer an enhanced and seamless healthcare experience in e-consultation on the Medlife platform for both patients and doctors which will also boost our revenues,” Tushar Kumar founder & CEO, Medlife, was quoted as saying.
“We are growing at a much faster rate because of the services that we provide. We have four different lines of revenue at present including online diagnostics services, corporate tie-ups,” he further said.
Medlife, started by Kumar and Prashant Singh in 2014, is the largest player in the online space with a 35 per cent market share. Other players in the segment are Pharmeasy, Netmeds, 1mg and Practo among others.