PharmEasy Raises $350 Million at $5.6 Billion Valuation for Health Tech Industry

PharmEasy is a Mumbai-based online pharmacy chain. The company offers its customers services of teleconsultations, delivery of medicines, and collection of diagnostic tests. Moreover, the start-up helps people to contact local pharmacy stores for medical needs.

Among investment round participants were Amansa Capital, ApaH Capital, Janus Henderson, OrbiMed, Steadview Capital, Abu Dhabi’s ADQ. In April, PharmEasy raised $350 million that allows the start-up to become the first e-pharmacy Indian unicorn.

PharmEasy was founded in 2015 by Dharmil Sheth, Dhaval Shah, Mikhil Innani in Mumbai, India. PharmEasy is an e-commerce platform that provided people with medicine-related goods in 710 cities. The client can upload its prescription and send it to a convenient drugstore. PharmEasy tries to offer both high-quality and budget-friendly products. The company aims to digitize everything from doctor’s appointments to medicine delivery while establishing a partnership with more than 150 companies.

Previous Post

Outschool Raises $110 Million at $3 Billion Valuation for Edtech Industry

Next Post

N26 Raises $900 Million at $9 Billion Valuation for Fintech Industry

Related Posts