Friday, 24 March, 2023
Pharmeasy acquires Medlife to build India’s largest online pharmacy
<p>Pharmeasy has acquired Medlife to become the largest online pharmacy store in India serving over 2 mn customers per month. Medlife’s shareholders got a 19.59% stake in Pharmeasy parent API holdings, gauged at $240mn. Prosus Ventures was seen investing $350mn along with US equity firm TPG Growth also invested into API holdings, taking the valuation of API holding’s at $1.5bn making it India’s first online pharmacy to become a unicorn.</p> <p> </p>
Read full story at Yourstory
Tags: