IvyCap Ventures sells stake in Pharmarack at 104 pc IRR
Homegrown VC fund IvyCap had invested Rs 21 crore in B2B healthcare platform Pharmarack in 2019.
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Homegrown venture capital (VC) fund
IvyCap Ventures on Monday announced the sale of its stake in business-to-business (B2B) healthcare platform Pharmarack at an annual internal rate of return (IRR) of 104 percent.
IvyCap had invested Rs 21 crore in Pharmarack in 2019.
Pharmarack combines technology, analytics, logistics, supply chain, and financing and is an ecosystem partner for pharmaceutical and consumer health companies, distributors, retailers, hospitals, and public health enterprises.
A statement released by IvyCap said Pharmarack counts several top 20 pharma companies as clients and its extensive value chain covers 200,000 pharmacies, more than 5,000 pharma distributors, and 200 hospitals. The platform claims to cover around 1,000 pin codes in the country. Its neutral network, flexible integration, and digi
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IvyCap Ventures Advisors founder says firms should offer employees flexibility in returning to office
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Vikram Gupta and his team have been back in office since September on an alternate day basis.
Agencies
Gupta said that the experience of reopening office was good.
Vikram Gupta, Founder and Managing Partner, IvyCap Ventures Advisors has his office and stays in Powai, Mumbai. The office is walking distance from my home. However, I usually go by car and on the way back I walk down. We had shut down our office mid-March and decided to work from home. We have generally experienced an increase in productivity during this period, he says.
Mining Department set to implement Pre-embedded clearance of mineral blocks for PRIs: Dwivedi
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