Ltd) is in talks to invest in or acquire medicine delivery startup Myra Medicines, according to two people familiar with the company’s plans. “It will also help bail out Myra Medicines, which has been struggling in the highly competitive medicine delivery space.”Ola and Myra didn’t respond to emailed queries seeking comment. Apart from its core cab-hailing business and Foodpanda, Ola has a payments business called Ola Money. Myra Medicines, founded in 2013 by Faizan Aziz and Anirudh Coontoor, is relatively smaller. “There is a strong lobby working against the sale of medicines online but things should get sorted this year.”

Source: Mint January 09, 2019 00:45 UTC