March 22, 2018 8:42 AM ET

Health Care Technology

Company Overview of

Company Overview develops a platform to connect chemists and druggists with consumers. It develops a health exchange powered with patient controlled electronic health record system. It connects patients requiring health products and services with doctors, hospitals, chemists, diagnostic labs and also provides wellness products and services, insurance, homecare services and alternative medicines. It offers Zigy Health Vault, which allows patients to store all health related information and documents like X-rays, diagnostic results of a patient and his family members for free. The company is based in India.



Key Executives for does not have any Key Executives recorded. Key Developments

Zigy Reportedly Looks For Merger Partners is reportedly looking for merger partners. Zigy plans to halt operations in next three months even as it looks out for a merger partner as part of plans to exit the business. The business has been rendered unviable by stringent regulation and is unable to raise funds three people familiar with the matter said. The company in August scaled down operations in four cities, restricting its business to its home base, Bengaluru, citing regulatory hurdles. In the past few weeks, it has been in talks with other online pharmacy chains for a possible merger, the people said on condition of anonymity. A promoter of the company said the merger plan looks difficult to execute. Another person said that Zigy has informed its existing partners that it will be winding up the business in the next three months. Zigy reported to Economic Times that it is still doing business but is also looking for potential partners for merger. Hemanth Bhardwaj, Chief Executive Officer of PM Health said “E-commerce business needs continuous fundraising efforts, We explore the market for all kind of opportunities, from pure play investments to strategic sale to mergers". Zigy is reportedly planning to raise $15 million. One of the founders of an e-pharmacy chain said "There is neither a brand nor anything of significant value for a merger.”

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