Eduardo Saverin’s B Capital acquires minority stakes in PharmEasy for $20 Mn, Valuation raises to $1
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Facebook cofounder Eduardo Saverin’s B Capital has picked up a minority stake in online pharmacy PharmEasy for $20 Mn through a secondary deal, sources aware of the matter said. This comes just days after the Tatas acquired a majority stake in rival e-pharmacy 1mg.
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US-based investment firm Tiger Global is also finalising a $20 Mn primary capital infusion in PharmEasy’s parent API Holdings. PharmEasy is now valued at $1.8 Bn, up from $1.5 Bn in April. Meanwhile, the company is also conducting a $3 Mn buyback of ESOPs.