PharmEasy raised $216 million in a convertible note round led by Manipal Education and Medical Group
PharmEasy raised $216 million in a convertible note round led by Manipal Education and Medical Group
05/01/24, 5:13 AM
Location
mumbaiMoney raised
$216 million
Industry
health care
Investors
Ranjan Pai’s Manipal Education And Medical Group
PharmEasy raised $216 million in a funding round, issuing 186.4 million convertible preference shares at an issue price of Rs 96.8 each. The funding round has resulted in a 90% reduction in the company's valuation to $710 million.
Company Info
Location
mumbai, maharashtra, india
Additional Info
Launched in 2015, PharmEasy is pharmacy made easy! Started with the sole purpose of making healthcare accessible and affordable to all, PharmEasy today is India’s leading and most trusted online healthcare aggregator in the country. We help patients connect with local pharmacy stores and diagnostic centers to fulfill their extensive medical needs. We believe that everyone should have access to good health. Thus, through our services, we ensure you get access to the best and most genuine health products, with the highest savings in the shortest time possible.