About Myra Medicines
Myra Medicines is a company based in Bengaluru (India) founded in 2014 was acquired by Medlife in May 2019. Myra Medicines has raised $12.41 million across 6 funding rounds from investors including Times Internet, Medlife and Dream Incubator. The company has 2 employees as of April 09, 2024. Myra Medicines operates in a competitive market with competitors including Tata 1mg, Truemeds, PharmEasy, MedPlus and SastaSundar, among others.
- Headquarter Bengaluru, India
- Employees 2 as on 09 Apr, 2024
- Stage Minicorn
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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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- Legal Name Metarain Distributors Private Limited
- Date of Incorporation 27 Aug, 2014
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$972.54 K (USD)-60.99as on Mar 31, 2022
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Net Profit
-$1.55 M (USD)90.25as on Mar 31, 2022
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EBITDA
-$796.64 K (USD)-6.3as on Mar 31, 2022
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Total Equity Funding
$12.41 M (USD)
in 6 rounds
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Latest Funding Round
$1.22 M (USD), Series A
Sep 14, 2018
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Investors
Times Internet
& 22 more
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Employee Count
2
as on Apr 09, 2024
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Acquired by
Medlife
(May 06, 2019)
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Funding Insights of Myra Medicines
Myra Medicines has successfully raised a total of $12.41M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $1.22 million completed in September 2018. 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 Myra Medicines
Myra Medicines has secured backing from 23 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Times Internet, Medlife and Dream Incubator.
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Dream Incubator is engaged in strategic consulting and business incubation.
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Venture capital investment firm
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Investments in early-stage startups are made by Brand Capital.
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Investor details for Myra Medicines
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Investments & Acquisitions by Myra Medicines
Investment portfolio details for Myra Medicines
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Financial Statements - Myra Medicines
Detailed financials for Myra Medicines
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Myra Medicines Comparisons
Peer comparison for Myra Medicines
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Competitors of Myra Medicines
Myra Medicines 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 Tata 1mg, Truemeds, PharmEasy, MedPlus and SastaSundar, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of an online pharmacy with doctor listing and teleconsultation services
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Provider of an online pharmacy and telehealth platform
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Provider of an online pharmacy and healthcare platforms
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Medicines and health products are retailed through pharmacy outlets.
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An online marketplace for healthcare products is operated.
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Provider of an online pharmacy for medications
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Detailed competitors of Myra Medicines
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Latest news on Myra Medicines
Complete news archive for Myra Medicines
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Frequently Asked Questions about Myra Medicines
Myra Medicines was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Myra Medicines is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Myra Medicines is a funded company, having raised a total of $12.41M across 6 funding rounds to date.
As of Apr 09, 2024, the latest employee count at Myra Medicines is 2.
Annual revenue of Myra Medicines is $972.54K as on Mar 31, 2022.
MyraMed is a mobile app for ordering medicines, baby care, female hygiene and oral care products. Assures delivery in one hour and gives a flat 20 off on all medicines. Customers can upload photos of prescription through the app or place the order on phoneSMS. It has its own warehouse and is available in limited areas of Bangalore as of April 2017. Raised an undisclosed amount of Series A round of funding from Matrix Partners, Times Internet and other angels in April 2017.
Myra Medicines's top competitors include Tata 1mg, SastaSundar and PharmEasy.
Myra Medicines has 23 investors. Key investors include Times Internet, Medlife, Dream Incubator, Z47, and Brand Capital.
The valuation of Myra Medicines is $30.97M as of Jan 2018.