Naspers, TPG are in talks to invest in PharmEasy

Naspers & US-based private equity firm TPG are in talks to invest up to $100 million each in online pharmacy PharmEasy, likely to be done at a pre-money valuation of $1.2 billion, the sources told ET.

Online pharmacies like PharmEasy and 1mg registered growth outside their core metropolitan markets by rapidly expanding into tier-2 and tier-3 towns and cities, as they look to grab a larger slice of the Indian consumer wallet.

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