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India’s
financial influencers are having a moment in the sun. Keen to tap their huge followings, online stock brokerages are lining up to offer them hefty commissions in exchange for more users.
Also in this letter:
Delhi police descend on
Online brokerages are fueling the financial inluencer economy
Hi, it’s Apoorva. Financial influencers are much in demand these days as India’s online stock brokerage firms, flush with cash, tap the growing community to bring some of their followers and viewers onto their platforms.
Pharmeasy buys Medlife, creates India s largest online pharmacy
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Last Updated: May 25, 2021, 03:05 PM IST
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Synopsis
Pharmeasy said that Medlife would discontinue its operations and would be merged with its own platform from May 25
ETtech
Illustration: Rahul Awasthi
Mumbai-based Pharmeasy on Tuesday announced the acquisition of its smaller rival Medlife. This is the largest consolidation deal in India’s fast-growing online pharmacy sector, and comes as
Reliance, Tata and Amazon are all vying for a share of the market.
“This will make us the largest healthcare delivery platform across the country by a distance serving more than two million families every single month,” Dhaval Shah, co-founder of Pharmeasy, wrote on Linkedin.