Healthcare offerings platform Medlife International Private Limited has received medicine-shipping app Myra Medicines in a cash and inventory deal. Tushar Kumar, Metlife’s leader executive officer, showed the address VCCircle on Monday. Myra’s founders Faizan Aziz and Anirudh Coonoor, in addition to a few buyers, will acquire shares of Medlife as part of the deal, whilst some others will take a coins exit, Kumar said.
“Medicine delivery is something that clients are used to moving half-hour from their neighborhood pharmacy, and we want to give them now the equal revel in on our platform,” he stated, including that Medlife could be able to access a larger marketplace due to Myra’s specific transport talents. “From a price perspective, due to the efficiencies that Myra has built, we will be capable of providing the express provider without affecting our unit economics,” he said.
Myra – run by Meta train Software Solutions Private Limited – becomes earlier in talks with the ANI Technologies Private Limited-run Ola Cabs, in step with The Economic Times. However, those negotiations fell thru the following, which talks with Medlife started.
Myra’s forty-five-member groups might be absorbed by way of Medlife, with Aziz and Coonoor heading up the product and engineering departments, according to the report. The complete integration of Myra’s offerings is expected to absorb to 6 months.
This is the second said acquisition that Medlife has made this year. It offered Mumbai-primarily based digital healthcare platform and domestic diagnostics services company MedLabz for an undisclosed sum. “The sophisticated diagnostic competencies offered by using MedLabz will help us improve our role inside the diagnostics phase,” Kumar had said of that acquisition.
Medlife was founded in 2014 by Kumar and Prashant Singh and began operations with online drug deliveries before expanding into online consultations with medical specialists and diagnostics. The agency is currently seeking to boost capital from external assets, according to The Economic Times.
Myra, which did not at once reply to a request for comment, was founded in 2013. Before founding Myra, Aziz was chief era officer at startup Dexetra, which developed a Siri-like voice assistant app for Android, whilst Coontoor changed into a software engineer at Nokia. Investors inside the agency consist of Matrix Partners India and media organization Times Internet and angel buyers along with Quikr co-founder Pranay Chulet and Vy Capital accomplice director Vamsi Duvvuri.
Dutch impact investor C4D Partners backs waste management company Saahas.
Saahas Waste Management Pvt. Ltd, which operates as Saahas Zero Waste, has raised sparkling funding of Rs 6 crore ($868,600) in a spherical led via new investor C4D Partners. The Indian Angel Network and impact buyers Artha Ventures and Asha Impact also participated in the funding round, the IAN announced. The IAN become the first investor in Saahas, having subsidized it in 2015. According to filings with the Ministry of Corporate Affairs, Artha Ventures had first invested in the business enterprise in 2017. Asha Impact is a brand new investor inside the employer.
Bengaluru-based Saahas will use the capital to improve the series and aggregation of all forms of non-biodegradable waste. The startup became based in 2013 by using Wilma Rodriques. It makes a specialty of decentralized waste control strategies and offers expert services to all waste mills, including organizations, apartment complexes, and establishments. The organization, which has a presence in the south and west India, manages forty-five tonnes of waste in step with day. It has 248 personnel, out of which 60% are girls. C4D Partners will even take part inside the next investment rounds of the employer, handling partner Arvind Agarwal stated. In the waste control segment, private equity large KKR had agreed to collect a 60% stake in Hyderabad-based totally Ramky Enviro Engineers Ltd for $530 million in August ultimate yr.
C4D Partners is an initiative of the Netherlands-established global non-income ICCO Cooperative, which works in over 40 international locations in Latin America, Africa, and Asia, consistent with its website. Its goal is to finance and invest in growing and inclusive small and medium organizations that create social and environmental impact. Last yr, the Dutch effect investor subsidized Hyderabad-primarily based rooftop solar firm Freyr Energy Services Pvt. Ltd.
Asha Impact changed into founded using Vikram Gandhi, a senior lecturer at Harvard Business School and a senior adviser at Canadian pension fund CPPIB, and Pramod Bhasin, former leader govt officer of IT offerings fundamental Genpact, in 2014. The fund represents a grasp of excessive net-worth buyers who immediately make investments underneath its banner. Last year, it had participated in the Series B investment round of Nepra Resource Management Pvt. Ltd, a waste control enterprise that operates under the ‘Let’s Recycle’ logo.