Chaldal acquires digital pharmacy BanglaMeds

Chaldal, a leading online grocery delivery platform in Bangladesh, has recently acquired digital pharmacy platform, BanglaMeds. The amount, however, was not immediately disclosed.

Mr. Gazi Musayab Raffan, Co-Founder and Chief Executive Officer of BanglaMeds confirmed the news to The Daily Star. As a part of the acquisition, Mr. Raffan will continue to spearhead the health-tech startup as its CEO under the ownership of Chaldal.

"I am glad to inform you that BanglaMeds has been fully acquired by Chaldal. This kind of complete acquisition is a rarity in our country and will drive the health-tech industry in the right direction," said Raffan. 

BanglaMeds started its journey back in 2017. With the acquisition, it intends to expand further across the country in the next few years.

In recent times, Chaldal has also secured $10 million in its Series C round and has expanded its logistics network in five cities - Dhaka, Narayanganj, Chattogram, Jessore and Khulna.