Bengaluru: API Holdings, the parent firm of PharmEasy, has got clearance from markets regulator Securities and Exchange Board of India for the online pharmacy’s initial public offering. Mumbai-based API Holdings had filed its draft IPO papers in November to raise ₹6,250 crore through a sale of primary shares. Existing shareholders aren’t planning to sell shares. … Read more
RuVega® contains no metal toxicity, has higher level of polyunsaturated fatty acids and lower level of saturated fatty acids as compared to fish based Omega-3 supplements. Subodh Uniyal, Minister of Agriculture and Farmers Welfare, Uttarakhand recently launched Vegetarian Omega-3 supplement under the brand name RuVega® in capsule form. RuVega® has been indigenously developed and formulated … Read more
Bengaluru: PharmEasy has raised $300 million more, led by its existing investors, bringing the total funding received by the online pharmacy since April to $650 million, most of which will be used to fund its ongoing acquisition of diagnostic chain Thyrocare, a top executive told ET. US private equity major TPG, Singapore’s Temasek, Facebook cofounder … Read more
Kolkata: Online pharmacy chains in and across West Bengal have retained around 70% of the customers who had logged in during the lockdown period to buy medicine. E-pharmacy portal SastaSundar has found that around 69% of the ‘lockdown’ customers are still ordering through its platform. “Our customer engagement won us 77% retention in Tier-II and … Read more
BENGALURU: Consumer stickiness, average order size increasing to $15-20 and the possibility of selling other healthcare services like online doctor consultation and diagnostics services have caught the interest of large strategic names like Reliance Industries and Amazon, driving them to the e-pharmacy sector. E-pharmacy had over 3 million users before the pandemic struck in India, … Read more
BENGALURU: After Amazon India, Walmart-owned Flipkart is looking to enter the e-pharmacy space as demand for online medicine delivery remains strong, two people aware of the matter said. Flipkart is building its own team internally for the e-pharmacy business. But it has also held early stage partnership talks with PharmEasy even as the Mumbai-based e-pharmacy … Read more