
Faizan Aziz
1.4K posts

Faizan Aziz
@fzaziz
Co-Founder / CEO Mirfa IBC


Hi folks, a few weeks back I had written about a company called Medobed which was building a 10 minute medicine delivery business in India. I was informed today that Y Combinator has removed them from the current batch due to certain ethical issues. It confirms the suspicion that some of you had shared with me on DMs last week - the metrics seem too good to be true (especially the claims of operational profitability). All figures quoted by me came from official investor communication by the company - which also now has been redacted from the public domain. In my process of writing about any company: (a) I always verify numbers with a CXO / Founder directly, (b) Try the product or get someone known to try the product (c) Cite figures from public sources (unless stated otherwise). Please note: As mentioned previously, the post about Medobed wasn’t sponsored and I’m not an investor (thankfully). I regret in this instance that there were misreported figures - I have removed the original post about Medobed. Would like to apologize for the same. As mentioned in the original post, I would encourage you to check 2 companies that do < 30 minute medicine delivery in India (for real): (1) Aayu by Medcords (in Rajasthan) (2) Farmako (in Delhi NCR) Aayu is live on ONDC as well whereas Farmako has an active followership on LinkedIn. Incidentally, Farmako is also a YC backed company. Thank you.









Online pharmacy Medlife has acquired Bengaluru-based medicine-delivery startup Myra in an all-stock deal, indicating early signs of consolidation in India's crowded e-pharmacy sector buff.ly/2V5jpQC @Alnoor_ET


Online pharmacy Medlife has acquired Bengaluru-based medicine-delivery startup Myra in an all-stock deal, indicating early signs of consolidation in India's crowded e-pharmacy sector buff.ly/2V5jpQC @Alnoor_ET

We are excited and proud to announce that Haptik has entered into a strategic transaction with Reliance Jio. The total deal size is 700 Cr, with Jio holding ~87% of the combined business on a fully diluted basis. bit.ly/2FMcCWl





