Sep 15, 2021 09:34 AM IST
Going forward, technology will be the differentiator, and Vijay Diagnostic's differentiated hub- and-spoke model calls for attention
- Aug 24, 2021 04:41 PM IST
Online pharmacy chain PharmEasy had recently acquired Thyrocare. The apartment is located off Carter Road at Khar West in Mumbai.
- Jul 31, 2021 07:19 PM IST
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
- Jul 09, 2021 02:10 PM IST
PharmEasy on June 25 acquired a 66.1 percent stake in Thyrocare Technologies for Rs 4,546 crore.
- Jun 30, 2021 09:13 AM IST
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
- Jun 28, 2021 05:52 PM IST
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.
- Jun 28, 2021 12:25 PM IST
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.
- Jun 28, 2021 08:22 AM IST
Thyrocare has a lean cost structure. But compared to its major diagnostic peers, Thyrocare has lower on-ground (b2c) presence
- Jun 25, 2021 06:48 PM IST
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.
- Jun 17, 2021 09:44 PM IST
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:
- Jun 17, 2021 01:01 PM IST
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.
- Jun 02, 2021 01:54 PM IST
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.
- May 29, 2021 09:56 AM IST
The deal is expected to value PharmEasy's parent company API Holdings at around $1.8 billion.
- May 28, 2021 03:27 PM IST
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.
- May 25, 2021 05:40 PM IST
As per the deal, Medlife users will become PharmEasy customers. Medlife will be discontinuing its operations from now.
- Dec 10, 2020 11:48 AM IST
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.
- Sep 29, 2020 02:42 PM IST
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.
- Sep 15, 2020 10:21 AM IST
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.
- Aug 18, 2020 08:22 PM IST
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.
- Aug 17, 2020 07:31 PM IST
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.
- Jul 20, 2020 04:11 PM IST
Medlife has been looking to raise $100-150 million in growth capital for over a year but has not found an investor.
- Sep 26, 2018 04:47 PM IST
Founded in 2015 by Dharmil Sheth and Dr. Dhaval Shah, the startup connects patients to local pharmacies and diagnostic centres through an online platform
- Aug 18, 2017 07:07 PM IST
I had never imagined the tables would literally turn around so drastically. It was an absolute honour, to say the least!
- Jun 17, 2016 04:50 PM IST
In a press conference in Mumbai today, the Indian Internet Pharmacy Association (IPA) called for the regulators and the government to help ensure ...
- May 17, 2016 06:35 PM IST
PharmEasy, India’s leading digital platform that connects consumers with local pharmacies and helps them fulfil their need ...