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
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Net Profit
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EBITDA
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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
Employee Count
- 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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $100.0M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2020 | Amount | Series B - Medly Pharmacy | Valuation | Volition Capital , Greycroft | |
| Jun, 2019 | Amount | Series A - Medly Pharmacy | Valuation |
investors |
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| Jun, 2019 | Amount | Series A - Medly Pharmacy | Valuation | Greycroft |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are targeted for venture capital investments by Greycroft.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Horsley Bridge Partners is engaged in private equity investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Medly Pharmacy
Medly Pharmacy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Pharmaca. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Medicines, supplements, and health products are offered online.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Medly Pharmacy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Medly Pharmacy Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online prescriptions and delivery of contraceptives and PrEP are facilitated.
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| domain | founded_year | HQ Location |
Provider of remote patient consultation services and online delivery of medical care products
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| domain | founded_year | HQ Location |
Virtual care and personalized treatments for chronic conditions are provided.
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| domain | founded_year | HQ Location |
Telepharmacy solutions are offered for online medicine purchases and management.
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| domain | founded_year | HQ Location |
24/7 telepharmacy and software solution provider
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| domain | founded_year | HQ Location |
An online platform for dermatology diagnosis and treatment is offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Medly Pharmacy
Frequently Asked Questions about Medly Pharmacy
When was Medly Pharmacy founded?
Medly Pharmacy was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Medly Pharmacy located?
Medly Pharmacy is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
Who is the current CEO of Medly Pharmacy?
Marg Patel is the current CEO of Medly Pharmacy. They have also founded this company.
Is Medly Pharmacy a funded company?
Medly Pharmacy is a funded company, having raised a total of $100M across 3 funding rounds to date.
What does Medly Pharmacy do?
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.
Who are the top competitors of Medly Pharmacy?
Medly Pharmacy's top competitors include Icebreaker Health, Nurx and Thirty Madison.
How many acquisitions has Medly Pharmacy made?
Medly Pharmacy has made 1 acquisition, including Pharmaca.
Who are Medly Pharmacy's investors?
Medly Pharmacy has 4 investors. Key investors include Lerer Hippeau, Greycroft, Volition Capital, and Horsley Bridge Partners.
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