API Holdings, the parent firm of online pharmacy PharmEasy, said on Wednesday it had raised $ 350 million in funding rounds led by Process Ventures and TPG Growth.
Existing investors including Temasek, CDPQ, LGT Litecore, Eight Streets and Think Investments also participated in the Series E round, the firm said in a statement.
API Holdings’ platforms enable and connect more than 60,000 brick and mortar pharmacies and 4,000 doctors across 16,000 zip codes across India.
API Holdings also has the largest consumer digital healthcare platform.
This funding will allow the team of API Holdings to reach more than 100,000 pharmacies in the next 12 months to deepen their relationships and expansion of existing geographic markets.
“The new funding will help the company further expand its platform so that healthcare providers and patients can establish a better healthcare ecosystem for all Indians,” he said.
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