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FOMO killer: Developments at MedLife, Spotify, ZEE5, Paytm, Oyo and more

Developments that you may have missed in the past week. Online pharmacy Online pharmacy Medlife will now expand its retail pharmacy presence and will open 750 pharmacies by the end of 2020, reports Business Standard. The company is looking to achieve the target through acquisition of offline pharmacy chains. Medlife CEO and co-founder Tushar Kumar said the company has put aside Rs 250 crore for this, it will also raise money via internal accruals, and has commitment from the Alkem Family Trust. New retail pharmacies: The stores will operate as retail pharmacies and will also provide hyperlocal delivery of medicines. Medlife is currently present in 21 cities with 50 licensed pharmacies through which it dispenses medicines for orders on its platform. It will be adding 60 more pharmacies as fulfilment centres to expand to a total of 50 cities countrywide. Its focus is on Tier II cities such as  Indore, Chandigarh, Mangalore, Durgapur, Howrah, Surat, Nagpur and Kanpur among others, Kumar added. The company is also looking at operating out-patient department pharmacies of hospitals; it will now manage pharmacies of Fortis Hospitals. Content Spotify has announced a global content partnership with film and music company T-Series, whose library will now be available to Spotify starting today, reports Mint. The deal also means that Spotify is moving towards a launch in India, which may be expected in the first quarter of 2019. Head of International Licensing at Spotify Paul Smith said Bollywood songs will now be available to 200 million Spotify users…

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