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Flipkart in talks for its second e-pharma deal

February 20, 2023

Flipkart in talks for its second e-pharma deal
Walmart-owned online retailer Flipkart is in talks to acquire a stake in Bengaluru-based PharmaLama, two people aware of the matter said, in what would be the second such deal in the Indian online pharmacy market.

Flipkart may also hire the startup run by Mera Dawai Pvt. Ltd., besides gaining access to the platform’s technologies, the people said on condition of anonymity.

Pharmallama claims to organize prescriptions, over-the-counter (OTC) drugs, and vitamins into individual packets by date and time.

Further details of the transaction were not immediately known. Email queries sent to Flipkart and Pharmalama remained unanswered till press time.

Pharmallama was launched in June 2020 by Achintya Dayal, Arjun Raghunandan and Dipesh Rajpal. Dayal and Raghunandan also run Kiplist, a travel tech startup that builds software-as-a-service (SaaS) tools for the hospitality industry. Rajpal has also been a founding member of two health-technology platforms, namely MED365 and Lifecare in the past.

The platform recently raised capital from ACG Associated Capsules, which claims to be one of the largest suppliers of empty hard pharmaceutical capsules globally. In the online pharmacy space, PharmaLama competes with big rivals such as Tata 1mg Pharmacies, Reliance-owned Netmeds, Apollo Pharmacy and Amazon, among others.

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