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2021-06-24

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Temasek-backed online pharmacy seeks funds at US$4b valuation: sources

[MAHARASHTRA] API Holdings is weighing a new funding round that could value the owner of India's lar

Temasek-backed online pharmacy seeks funds at US$4b valuation: sources

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Siddharth Shah, API's co-founder and chief executive officer, didn't respond to messages for comment, while representatives for Temasek and TPG declined to comment.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Temasek-backed online pharmacy seeks funds at US$4b valuation: sources</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTemasek-backed online pharmacy seeks funds at US$4b valuation: sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 16:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/garage/temasek-backed-online-pharmacy-seeks-funds-at-us4b-valuation-sources><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>[MAHARASHTRA] API Holdings is weighing a new funding round that could value the owner of India's largest online pharmacy chain at about US$4 billion, according to people familiar with the matter.\nThe ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/garage/temasek-backed-online-pharmacy-seeks-funds-at-us4b-valuation-sources\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.businesstimes.com.sg/garage/temasek-backed-online-pharmacy-seeks-funds-at-us4b-valuation-sources","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114144195","content_text":"[MAHARASHTRA] API Holdings is weighing a new funding round that could value the owner of India's largest online pharmacy chain at about US$4 billion, according to people familiar with the matter.\nThe company is considering raising about US$300 million and its existing investors including TPG Capital and Temasek Holdings could participate, said the people, who asked not to be identified as the discussions are private.\nAPI, which owns India's first e-pharmacy unicorn PharmEasy, intends to use the proceeds for potential acquisitions particularly in the diagnostic area, one of the people said.\nA new round would mark the second fundraising by API Holdings within a few months after securing about US$350 million in April. The firm last raised funds from a clutch of investors including Prosus Ventures, TPG and Temasek, according to a press release at that time.\nPharmEasy has so far delivered more than 15 million orders from medicine to diagnostic kits to healthcare products, serving over five million families, according to its website.\nDeliberations are ongoing and details of the fundraising could still change, the people said. Siddharth Shah, API's co-founder and chief executive officer, didn't respond to messages for comment, while representatives for Temasek and TPG declined to comment.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":739,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":7,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}