PharmEasy gathers $50M in series C funding
Indian online pharmacy startup PharmEasy has raised $50 million in series C round led by Eight Roads Ventures India, the proprietary investment arm of Fidelity International Limited
(FIL), F-Prime Capital, Fundamentum Advisors, an investment firm backed by Nandan Nilekani and Sanjeev
San Franciscobased hedge fund
The funds will reportedly be used to increase customer base, expand warehouses and fulfillment centres, among other things. It already has 8 existing warehouses in the country, and plans to open 12 by 2019. PharmEasy provides a technology platform to offer various healthcare services like medicine delivery, medicine refills & reminders, along with teleconsultation. It further integrates diagnostics centres, in order to help provide a comprehensive medical solution to its clients.