Bennett, Coleman & Co has exited online pharmacy Myra and will receive shares in its new owner, Medlife, as part of the acquisition deal.
Online pharmacy Medlife has acquired India-based pharmaceutical e-commerce platform Myra for an undisclosed amount, handing an exit to media company Bennett, Coleman & Co (BCC), the Economic Times has reported.
Founded in 2014, Myra has built an online platform that sells and delivers prescription medicines to patients. Medlife plans to expand Myra’s express delivery service to 22 cities post-acquisition.
Venture capital firm Matrix Partners held a 32% stake in the company prior to the deal, while Times Internet, BCC’s internet…
