India's New Unicorn Is EPharmacy

The firm is already raising its next round at a valuation of about $1.8 billion
API Holdings Pvt., one of India's largest digital pharmacies, announced on Wednesday that it has raised $350 million from Prosus Ventures and TPG Growth LLC. The company was valued at close to $1.5 billion, according to a person familiar with the deal, adding to a rapidly growing list of unicorn startups in the country.
The firm is already raising its next round at a valuation of about $1.8 billion, the person said, wishing to remain anonymous as the fresh round is still underway.
The Mumbai-headquartered company said it will use the funds to expand its pharmacy network and add more tele-consultations to link up customers with the 60,000 brick-and-mortar pharmacies and 4,000 doctors it already has on its books. Existing investors including Temasek Holdings Pte and CDPQ participated in the Series E round.

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