CURRENT AFFAIRS

Detailed explanation-1: -The deal will make PharmEasy the largest player in the domestic online pharmacy sector, with the combined entity set to serve 2 million customers a month.

Detailed explanation-2: -With a legacy of over 100 years in the pharma business, Netmeds is a leading online pharmacy in India with a pan-India presence.

Detailed explanation-3: -API Holdings, owner of India’s largest online pharmacy PharmEasy, has filed for a Rs 6, 250-crore IPO.

Detailed explanation-4: -Unlike MedPlus, which is still largely a brick-and-mortar business with a small but growing online channel, PharmEasy is a largely online juggernaut with serious capital to burn through aggressive advertising and discounting.

Detailed explanation-5: -All the users of Medlife would be migrated to PharmEasy, the company said in a statement. “This acquisition significantly strengthens our position in the healthcare industry, and further helps us in providing quality healthcare to a greater number of Indian households, ” PharmEasy Co-founder Dharmil Sheth said.