Prosus, TPG Invest in Indian Healthtech Company API Holdings
April 07 2021 - 7:34AM
Dow Jones News
By Adria Calatayud
Prosus Ventures and TPG Growth have led a $350 million funding
round in Indian digital-healthcare company API Holdings, the
companies said Wednesday.
API Holdings, parent of online pharmacy PharmEasy, said the new
funds will allow it to deepen its relationships and penetration of
existing markets to reach more than 100,000 pharmacies in the next
12 months. Its platforms currently connect more than 60,000
brick-and-mortar pharmacies and 4,000 doctors in India.
Prosus Ventures, the venture investing arm of Dutch internet
conglomerate Prosus NV, said this will be its first investment in
the health-technology sector.
Existing investors in API Holdings including Temasek, Caisse de
Depot et Placement du Quebec, LGT Lightrock, Eight Roads and Think
Investments also participated in the funding round, the companies
said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
April 07, 2021 07:19 ET (11:19 GMT)
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