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[Funding alert] PharmEasy enters unicorn club at $1 5B valuation with fund-raise of $350M led by Prosus Ventur

Share on API Holdings, the holding company of online pharmacy startup PharmEasy, has raised $350 million in a Series E round led by Prosus Ventures and TPG growth at a reported valuation of $1.5 billion, making Pharmeasy the seventh startup from India to enter the unicorn club this year. A statement from API Holdings said the new capital raised was a combination of primary and secondary funding, which also saw participation of existing investors including Temasek, CDPQ, LGT Lightrock, Eight Roads & Think Investments. The other six startups that entered the unicorn club this year are Digit Insurance, InnovAccer, Infra.market, Five Star Finance, Meesho, and CRED.

Siddharth shahAshutosh sharmaApi holdingsProsus venturesEight roadsDigit insuranceFive star financeIndia investmentsசித்தார்த் ஷாஅசுதோஷ் ஷர்மாஅபி ஹோல்டிங்ஸ்எட்டு சாலைகள்இலக்க காப்பீடுஐந்து நட்சத்திரம் நிதிஇந்தியா முதலீடுகள்

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.

Siddharth shahAshutosh sharmaTemasek holdings pteGoldman sachs group incTata groupIndian institute of managementHoldings pvtReliance industriesProsus venturesIndian instituteGoldman sachs groupசித்தார்த் ஷாஅசுதோஷ் ஷர்மாதேமாஸேக் ஹோல்டிங்ஸ் ட்கோல்ட்மேன் சாக்ஸ் குழு இன்க்டாடா குழு

For the third consecutive day, a new unicorn is born from India as PharmEasy joins the billion dollar club

For the third consecutive day, a new unicorn is born from India as PharmEasy joins the billion dollar club
businessinsider.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.in Daily Mail and Mail on Sunday newspapers.

Ananth narayananSiddharth shahTata groupProsus venturesEight roadsThink investmentsAmbani led relianceஆனந்த் நாராயணன்சித்தார்த் ஷாடாடா குழுஎட்டு சாலைகள்சிந்தியுங்கள் முதலீடுகள்அம்பானி வழிநடத்தியது நம்பகத்தன்மை

India s E-pharmacy segment mints its first unicorn, raises $350 million

India s E-pharmacy segment mints its first unicorn, raises $350 million
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

Siddharth shahAshutosh sharmaTemasek holdings pteGoldman sachs group incTata groupIndian institute of managementHoldings pvtReliance industriesProsus venturesIndian instituteGoldman sachs groupசித்தார்த் ஷாஅசுதோஷ் ஷர்மாதேமாஸேக் ஹோல்டிங்ஸ் ட்கோல்ட்மேன் சாக்ஸ் குழு இன்க்டாடா குழு

Some Children with COVID-19 or MIS-C Face Kidney Injury: Study

More than 10 percent of children hospitalized with COVID-19 or multisystem inflammatory syndrome, an inflammatory condition commonly known as MIS-C that in rare cases has followed SARS-CoV-2 infection, experienced acute kidney injury, according to a study published March 3 in Kidney International. Kids with kidney damage remained in the hospital an average of eight days longer than did other children facing these conditions without the added kidney stress. “Recognizing that kidney function contributes to outcomes post-COVID is important to think about, especially in the pediatric population. These kids are young and have a whole life ahead of them,” says Abby Basalely, a pediatric nephrologist at Cohen Children’s Medical Center in New Hyde Park, New York, and a coauthor of the study.

West orangeNew jerseyUnited statesLara danziger isakovSiddharth shahIsabel robertiAbby basalelyBarnabas healthChildren kidney centerKidney internationalYork northwell health systemKidney centerNew yorkNorthwell health systemNorton childrenCincinnati children