Tiger World, B Capital in talks to secure up stake in PharmEasy: File

The deal is predicted to price PharmEasy's parent firm API Holdings at round $1.8 billion.

Might per chance well well presumably 29, 2021 / 09: 56 AM IST

PharmEasy had last raised $350 million in a round led by Prosus Ventures and TPG Growth at a $1.5 billion valuation

PharmEasy had closing raised $350 million in a round led by Prosus Ventures and TPG Impart at a $1.5 billion valuation

Funding majors B Capital and Tiger World are in talks to secure up a stake within the web pharmacy chain PharmEasy.

The deal is predicted to price the e-pharmacy's IPO-sure parent firm API Holdings at round $1.8 billion, the Economic Times narrate.

The firm had closing raised $350 million in a round led by Prosus Ventures and TPG Impart at a $1.5 billion valuation, making it the seventh unicorn to emerge from India this year.

Also Read: PharmEasy parent API Holdings raises $350 million at $1.5 billion valuation, enters unicorn membership 

Tiger World is prone to pump in well-known capital in PharmEasy, while B Capital might presumably also secure up secondary shares by investing about $15-20 million, americans within the know told the newspaper.

"Everstone is having a glimpse to promote parts of its preserving and B Capital is prone to secure that, though (Everstone) had also spoken to few others as smartly," the narrate talked about.

Moneycontrol might presumably also now not independently confirm the narrate.

PharmEasy, which now not too long within the past obtained smaller rival Medlife, is backed by marquee traders cherish Prosus Ventures (previously Naspers Ventures), TPG Impart, Temasek, LGT Rightrocks, Eight Roads and Concentrate on Investments.

Read: PharmEasy parent API Holdings targets $1-1.2 billion IPO, picks Morgan Stanley and Kotak as advisors

Within the interim, API Holdings is having a glimpse to high-tail pubic and begin an preliminary public offering (IPO) in FY22 to elevate as a lot as $1.2 billion. "Pharmeasy has shortlisted funding banks Morgan Stanley and Kotak Mahindra Capital as advisors earlier this week. More i-banks might presumably also come on board at a later stage,” sources had told Moneycontrol.

Amid the pandemic and lockdown, India has witnessed a surge in establish a query to for COVID-19 connected products, medicines and dietary supplements which has benefited pharmacy avid gamers, in particular these with online offerings.

In preserving with its Linkedin web page, PharmEasy delivers medicines and healthcare products in 1,000+ cities in India, preserving 22,000+ pin codes.

Read More

Website Designed & SEO done by KV TechMedia - Web Design Company Uttar Pradesh, India
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram