Myra Medicines Acquired
Bengaluru-based on-demand medicine delivery startup founded by Faizan Aziz and Anirudh Coontoor. Operated full-stack warehouses with a prediction algorithm driving up to 95% order fulfilment on ~25 days of inventory, offering one-hour delivery and delivering nearly 4,000 orders/day in Bengaluru alone. Acquired by online pharmacy Medlife in an all-stock deal announced May 6, 2019, to strengthen Medlife's epharmacy business and…
Myra Medicines: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 14 Sep 2018 | Undisclosed | ₹8.75 Cr | Times Internet Limited Z47 Dream Incubator | source |
| 26 Apr 2017 | Series A | Undisclosed | Times Internet Limited Z47 | source |
| 2016 ~ | Seed | Undisclosed | Pankaj Gupta Pranay Chulet Prashant Malik Vamsi Duvvuri Z47 | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 6 May 2019 | Medlife | Myra Medicines | Undisclosed | source |
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Who founded Myra Medicines?
Myra Medicines was founded by Faizan Aziz, Anirudh Coontoor in 2014.
How much funding has Myra Medicines raised?
Myra Medicines has raised $1.21 Mn across 3 tracked funding round(s), most recently on 2018-09-14. Figures are compiled from cited public sources.
Who are the investors in Myra Medicines?
Investors in Myra Medicines include Times Internet Limited, Z47, Dream Incubator, Pankaj Gupta, Pranay Chulet, Prashant Malik, Vamsi Duvvuri.
What does Myra Medicines do?
Bengaluru-based on-demand medicine delivery startup founded by Faizan Aziz and Anirudh Coontoor. Operated full-stack warehouses with a prediction algorithm driving up to 95% order fulfilment on ~25 days of inventory, offering one-hour delivery and delivering nearly 4,000 orders/day in Bengaluru alone. Acquired by online pharmacy…
Where is Myra Medicines headquartered?
Myra Medicines is headquartered in Bengaluru, Karnataka, India.
What is Myra Medicines's business model?
Myra Medicines's core value proposition centers on One-hour express medicine delivery, AI-driven fulfilment on lean inventory, Broad catalog within delivery range.