Medly Pharmacy was a digital pharmacy startup founded in 2017 that provided on-demand, same-day prescription delivery and pharmacy services. The company was founded by second-generation pharmacy owners Marg Patel, Sahaj Patel, and Chirag Kulkarni. Medly raised significant venture capital, including a $100 million Series B round in 2020. However, the company faced financial difficulties and filed for Chapter 11 bankruptcy in December 2022, ultimately selling its assets to Walgreens in February 2023 for $19.35 million before liquidating completely.
Medly Pharmacy has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2017
Employees
600–650
Total Funding
$100M
3 rounds
Latest Valuation
$0.9B
Aug 1, 2021
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $100M across 3 rounds
Last updated 06-25-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Aug 1, 2021 | Series C | Not disclosed | $0.9B | Not disclosed |
| Jul 21, 2020 | Series B Press release | $100M | — | Volition Capital |
| Jun 4, 2019 | Series A Press release | Not disclosed | — | Greycroft |
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Capsule
Pharmacy technology company offering prescription delivery services with same-day delivery and pharmacist communication via chat.
NowRx
Digital pharmacy platform competing in the e-pharmacy segment.
Amazon Pharmacy
Amazon's pharmacy service launched through acquisition of PillPack, providing online prescription services.
CVS Health
Large retail pharmacy chain competing with digital pharmacy services.
Walgreens Boots Alliance
Large retail pharmacy chain that acquired Medly's assets in 2023.
Hims & Hers
Telehealth platform offering prescription services and digital pharmacy.
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