PharmEasy looks to acquire Thyrocare, valuation soars to $1.8 bn

Updated : Jun 17, 2021 15:16
|
Editorji News Desk

PharmEasy looking to ride the health sector wave is eyeing to acquire listed diagnostics services provider Thyrocare in a Rs 7,000 cr deal as per reports. 

Moneycontrol reports as per sources that the API holding's the parent company of PharmEasy is likely to announce the deal ahead of it's planned $1.2 million IPO. PharmEasy is also in the spotlight as Tiger Global and Facebook co-founder Eduardo Saverin’s B Capital has invested $20 million in the medical portal. With this round of fund raising PharmEasy is now valued at $1.8 billion, up from $1.5 billion in April, joining India’s fast-growing pool of unicorns. 

PharmaCovidPharmEasystartupUnicorn

Recommended For You

editorji | Business

How Does a Critical Illness Policy Work? Coverage, Claims & Benefits Explained

editorji | Business

Sensex Falls 252 Points, Nifty Slips as Crude Oil Tops $106

editorji | Business

Sensex Jumps Over 1,100 Points, Nifty Gains 1.6% as IT Stocks Rally

editorji | Business

Sensex falls 429 points, Nifty slips 173 points after RBI rate hike

editorji | Business

RBI raises repo rate by 25 bps to 5.50%, shifts policy towards tightening