Phar­mEasy gath­ers $50M in se­ries C fund­ing

BioSpectrum (Asia) - - Start Up News -

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

Ag­gar­wal, and

San Fran­cis­cobased hedge fund

Think In­vest­ments.

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.

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