About Medly Pharmacy
Medly Pharmacy is a company based in Brooklyn (United States) founded in 2017 by Chirag Kulkarni, Sahaj Patel, and Marg Patel. It operates as a B2C. Medly Pharmacy has raised $100 million across 3 funding rounds from investors including Lerer Hippeau, Greycroft and Volition Capital. Medly Pharmacy has completed 1 acquisition, including Pharmaca. Medly Pharmacy operates in a competitive market with competitors including Nurx, Icebreaker Health, Thirty Madison, Pocketpills and PipelineRx, among others.
- Headquarter Brooklyn, United States
- Founders Chirag Kulkarni, Sahaj Patel, Marg Patel
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Sectors
Healthcare
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$100 M (USD)
in 3 rounds
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Latest Funding Round
$100 M (USD), Series B
Jul 14, 2020
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Investors
Lerer Hippeau
& 3 more
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Employee Count
Not available
- Investments & Acquisitions
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Funding Insights of Medly Pharmacy
Medly Pharmacy has successfully raised a total of $100M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $100 million completed in July 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Medly Pharmacy
Medly Pharmacy has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Lerer Hippeau, Greycroft and Volition Capital.
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Multiple sectors are targeted for venture capital investments by Greycroft.
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Venture capital investments are directed toward companies in multiple sectors.
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Horsley Bridge Partners is engaged in private equity investments.
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Investor details for Medly Pharmacy
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Investments & Acquisitions by Medly Pharmacy
Medly Pharmacy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Pharmaca.
Investment portfolio details for Medly Pharmacy
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Medicines, supplements, and health products are offered online.
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Complete acquisition details for Medly Pharmacy
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Financial Statements - Medly Pharmacy
Detailed financials for Medly Pharmacy
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- Profit trends
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Medly Pharmacy Comparisons
Peer comparison for Medly Pharmacy
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Competitors of Medly Pharmacy
Medly Pharmacy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nurx, Icebreaker Health, Thirty Madison, Pocketpills and PipelineRx, among others.
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Online prescriptions and delivery of contraceptives and PrEP are facilitated.
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Provider of remote patient consultation services and online delivery of medical care products
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Virtual care and personalized treatments for chronic conditions are provided.
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Telepharmacy solutions are offered for online medicine purchases and management.
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24/7 telepharmacy and software solution provider
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An online platform for dermatology diagnosis and treatment is offered.
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Detailed competitors of Medly Pharmacy
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Latest news on Medly Pharmacy
Complete news archive for Medly Pharmacy
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Frequently Asked Questions about Medly Pharmacy
Medly Pharmacy was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Medly Pharmacy is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
Marg Patel is the current CEO of Medly Pharmacy. They have also founded this company.
Medly Pharmacy is a funded company, having raised a total of $100M across 3 funding rounds to date.
Medly Pharmacy, established in 2017 and currently in Dissolved stage, focuses on providing healthcare solutions, producing pharmaceutical products, online pharmacy, and prescription medicines. Functions as an online pharmacy specializing in prescribed medicines. Adapting to market demands with innovation and client-focused strategies.
Medly Pharmacy's top competitors include Icebreaker Health, Nurx and Thirty Madison.
Medly Pharmacy has made 1 acquisition, including Pharmaca.
Medly Pharmacy has 4 investors. Key investors include Lerer Hippeau, Greycroft, Volition Capital, and Horsley Bridge Partners.