However, online pharmacies now comprise a mere 1% of overall medicine sales. Photo: MintBengaluru: Online medicine delivery startups, such as PharmEasy, 1mg, Netmeds and LifCare, are racing ahead of the pack by raising large sums of capital and putting pressure on their peers to either keep raising cash or sell out. Netmeds and PharmEasy are even sponsoring cricket events,” said an investor in the sector, requesting anonymity. However, online pharmacies now comprise a mere 1% of overall medicine sales. Investors said some of them will have to sell out as PharmEasy, 1mg, Netmeds and LifCare have accumulated formidable war chests.

Source: Mint December 18, 2018 03:11 UTC