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  • Vijaya Diagnostic: What does this regional player offer amid industry consolidation? Sep 15, 2021 09:34 AM IST

    Vijaya Diagnostic: What does this regional player offer amid industry consolidation?

    Going forward, technology will be the differentiator, and Vijay Diagnostic's differentiated hub- and-spoke model calls for attention

  • PharmEasy founder Siddharth Shah buys apartment in Mumbai for Rs 40 crore Aug 24, 2021 04:41 PM IST

    PharmEasy founder Siddharth Shah buys apartment in Mumbai for Rs 40 crore

    Online pharmacy chain PharmEasy had recently acquired Thyrocare. The apartment is located off Carter Road at Khar West in Mumbai.

  • Trend of omni-channel transactions like PharmEasy-Thyrocare here to stay, says ace dealmaker Sourav Mallik of Kotak Jul 31, 2021 07:19 PM IST

    Trend of omni-channel transactions like PharmEasy-Thyrocare here to stay, says ace dealmaker Sourav Mallik of Kotak

    Sourav Mallik, who has over 25 years of experience in investment banking and has advised on marquee transactions like Tech Mahindra’s acquisition of Satyam, believes that the Zomato market debut has confirmed that investors have the maturity to understand and appreciate new age companies. His top sectoral picks for deal activity include the digital ecosystem, healthcare, consumer, specialty chemicals and financial services

  • After Thyrocare deal, Pharmeasy seeks funding from SoftBank: Report Jul 09, 2021 02:10 PM IST

    After Thyrocare deal, Pharmeasy seeks funding from SoftBank: Report

    PharmEasy on June 25 acquired a 66.1 percent stake in Thyrocare Technologies for Rs 4,546 crore.

  • Apollo Hospitals’ digital plans resonate after PharmEasy-Thyrocare deal Jun 30, 2021 09:13 AM IST

    Apollo Hospitals’ digital plans resonate after PharmEasy-Thyrocare deal

    Apollo is reorganising its pharmacy and digital healthcare platform into a new unit. It plans to access investor capital and scale up the new subsidiary

  • Emotional Dr Velumani says he “moved fast for a change” as he sold Thyrocare to PharmEasy Jun 28, 2021 05:52 PM IST

    Emotional Dr Velumani says he “moved fast for a change” as he sold Thyrocare to PharmEasy

    Dr A Velumani and his family will sell their 66.1 percent stake in Thyrocare to PharmEasy for Rs 4,546 crore. It’s a bumper value-unlocking for the family in the best year possible for the diagnostics business during the pandemic. The need for a change and de-risking are some of the key reasons for the sale, said Dr Velumani.

  • Pharmeasy raises additional $300 million from investors, aims for IPO in 6-18 months Jun 28, 2021 12:25 PM IST

    Pharmeasy raises additional $300 million from investors, aims for IPO in 6-18 months

    Siddharth Shah, CEO, API Holdings said that once the acquisition of Thyrocare is complete, Pharmeasy will aim to have its IPO within 6 to 18 months.

  • PharmEasy is just what the doctor ordered for Thyrocare Jun 28, 2021 08:22 AM IST

    PharmEasy is just what the doctor ordered for Thyrocare

    Thyrocare has a lean cost structure. But compared to its major diagnostic peers, Thyrocare has lower on-ground (b2c) presence

  • PharmEasy to acquire 66.1% stake in Thyrocare for Rs 4,546 crore Jun 25, 2021 06:48 PM IST

    PharmEasy to acquire 66.1% stake in Thyrocare for Rs 4,546 crore

    Docon Technologies Pvt Ltd, a 100 percent subsidiary of PharmEasy's parent firm API, will be the acquirer and shall make an open offer for an additional 26 percent stake.

  • Exclusive | PharmEasy in talks to acquire Thyrocare for Rs 7,000 crore Jun 17, 2021 09:44 PM IST

    Exclusive | PharmEasy in talks to acquire Thyrocare for Rs 7,000 crore

    Online medical store PharmEasy is in advanced talks to acquire diagnostics services chain Thyrocare in a deal worth about Rs 7,000 crore, people with direct knowledge of the development told Moneycontrol. Nisha Poddar shares the details. Watch:

  • Exclusive | PharmEasy in talks to buy Thyrocare for around Rs 7,000 crore Jun 17, 2021 01:01 PM IST

    Exclusive | PharmEasy in talks to buy Thyrocare for around Rs 7,000 crore

    The deal is likely to be announced soon given the IPO timelines of PharmEasy’s parent, API Holdings, people with direct knowledge of the development said.

  • Exclusive | Aditya Puri joins board of PharmEasy’s parent API Holdings ahead of IPO Jun 02, 2021 01:54 PM IST

    Exclusive | Aditya Puri joins board of PharmEasy’s parent API Holdings ahead of IPO

    The induction of Aditya Puri on the board and acquisition of Medlife is in the run up to the company's IPO. The former head of HDFC bank has been in demand in the corporate world, and will join the board of PNB Housing Finance as an investor nominee, while Strides Group’s Stelis Biopharma announced his appointment as a chairman of the board.

  • Tiger Global, B Capital in talks to pick up stake in PharmEasy: Report May 29, 2021 09:56 AM IST

    Tiger Global, B Capital in talks to pick up stake in PharmEasy: Report

    The deal is expected to value PharmEasy's parent company API Holdings at around $1.8 billion.

  • PharmEasy parent API Holdings targets $1-1.2 billion IPO, picks Morgan Stanley and Kotak as advisors May 28, 2021 03:27 PM IST

    PharmEasy parent API Holdings targets $1-1.2 billion IPO, picks Morgan Stanley and Kotak as advisors

    Healthcare firm looks at valuation of around $4 billion. Other key players in the domestic retail pharmacy segment ( online and offline) include Warburg Pincus and PremjiInvest-Backed Medplus, Netmeds (acquired by Reliance Industries), 1mg (acquired by the Tata Group), Amazon (launched Amazon Pharmacy last year in Bengaluru) and Apollo Pharmacy.

  • PharmEasy buys Medlife, becomes India's largest e-pharma company May 25, 2021 05:40 PM IST

    PharmEasy buys Medlife, becomes India's largest e-pharma company

    As per the deal, Medlife users will become PharmEasy customers. Medlife will be discontinuing its operations from now.

  • TPG looking at 7% stake in Pharmeasy’s parent API Holdings: Report Dec 10, 2020 11:48 AM IST

    TPG looking at 7% stake in Pharmeasy’s parent API Holdings: Report

    In its filing with the CCI, API Holding said it will use this financing to deepen its distribution network across India and build innovative technology-first products for affordable access to healthcare across India.

  • Exclusive: PharmEasy changes internal legal structure, consolidates units for better valuation Sep 29, 2020 02:42 PM IST

    Exclusive: PharmEasy changes internal legal structure, consolidates units for better valuation

    The change in legal structure means that API Holdings will also own Ascent Health and Wellness Solutions Pvt.Ltd - a separate pharma supply chain and credit platform, which also acts as a business-to-business (B2B) distribution entity for PharmEasy.

  • Exclusive: PharmEasy FY20 revenue nearly doubles to Rs 637 crore Sep 15, 2020 10:21 AM IST

    Exclusive: PharmEasy FY20 revenue nearly doubles to Rs 637 crore

    PharmEasy’s trading entity, run by Thea Technologies Pvt. Ltd earned Rs 637 crore in FY20, compared to Rs 340 crore in FY19, according to its unaudited financial statements. Its losses before tax for the period also doubled to Rs 100.7 crore from Rs 50 crore a year earlier.

  • PharmEasy to merge with Medlife, could be valued at $1.2 billion Aug 18, 2020 08:22 PM IST

    PharmEasy to merge with Medlife, could be valued at $1.2 billion

    Medlife and its promoters will get a 19.59 percent stake in PharmEasy's parent company API Holdings for about $230 million, while PharmEasy holds the remaining 80 percent stake.

  • Indian firms Pharmeasy & Qure.ai among world's 150 most promising digital health startups: Report Aug 17, 2020 07:31 PM IST

    Indian firms Pharmeasy & Qure.ai among world's 150 most promising digital health startups: Report

    As on August 10, 2020, these 150 startups have raised over $20 billion in total funding across over 600 deals from more than 900 unique investors.

  • Exclusive | PharmEasy in talks to acquire Medlife for $200 million Jul 20, 2020 04:11 PM IST

    Exclusive | PharmEasy in talks to acquire Medlife for $200 million

    Medlife has been looking to raise $100-150 million in growth capital for over a year but has not found an investor.

  • PharmEasy raises $50 million in Series C funding led by Eight Roads Ventures, others Sep 26, 2018 04:47 PM IST

    PharmEasy raises $50 million in Series C funding led by Eight Roads Ventures, others

    Founded in 2015 by Dharmil Sheth and Dr. Dhaval Shah, the startup connects patients to local pharmacies and diagnostic centres through an online platform

  • Why I was surprised to get an invitation for a chat with PM Modi on innovation Aug 18, 2017 07:07 PM IST

    Why I was surprised to get an invitation for a chat with PM Modi on innovation

    I had never imagined the tables would literally turn around so drastically. It was an absolute honour, to say the least!

  • Indian Internet Pharmacy Association (IPA) Seeks to Eliminate Misconceptions Around ePharmacy Model and Seeks a Level Playing Field to Drive Innovation in this Sector Jun 17, 2016 04:50 PM IST

    Indian Internet Pharmacy Association (IPA) Seeks to Eliminate Misconceptions Around ePharmacy Model and Seeks a Level Playing Field to Drive Innovation in this Sector

    In a press conference in Mumbai today, the Indian Internet Pharmacy Association (IPA) called for the regulators and the government to help ensure ...

  • PharmEasy Takes a Step Towards Helping Dharavi Residents Live a Healthier Life May 17, 2016 06:35 PM IST

    PharmEasy Takes a Step Towards Helping Dharavi Residents Live a Healthier Life

    PharmEasy, India’s leading digital platform that connects consumers with local pharmacies and helps them fulfil their need ...

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