TPG Looks To Acquire 7% Stake In PharmEasy, Seeks CCI’s Approval

TPG Looks To Acquire 7% Stake In PharmEasy, Seeks CCI’s Approval

SUMMARY

TPG is looking to invest $100 Mn in PharmEasy, along with Naspers

PharmEasy has received CCI approval for its merger with Medlife

It has so far raised $328 Mn across seven funding rounds

US-based private equity firm TPG is looking to acquire a 7% stake in epharmacy startup PharmEasy and has sought antitrust watchdog Competition Commission of India’s (CCI) permission for the same.

The regulatory filings highlight that TPG will carry out the proposed investment through its special purpose vehicle in Singapore. “API Holdings will use this financing to deepen its distribution network across India and build innovative technology-first products to connect the entire ecosystem and give affordable access to healthcare across India,” the filing read.

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