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PRX Prosus NV

32.17
-0.45 (-1.38%)
24 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Prosus NV EU:PRX Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.45 -1.38% 32.17 32.05 32.40 32.36 32.005 32.045 2,189,214 16:40:00

Prosus, TPG Invest in Indian Healthtech Company API Holdings

07/04/2021 12:34pm

Dow Jones News


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By Adria Calatayud

 

Prosus Ventures and TPG Growth have led a $350 million funding round in Indian digital-healthcare company API Holdings, the companies said Wednesday.

API Holdings, parent of online pharmacy PharmEasy, said the new funds will allow it to deepen its relationships and penetration of existing markets to reach more than 100,000 pharmacies in the next 12 months. Its platforms currently connect more than 60,000 brick-and-mortar pharmacies and 4,000 doctors in India.

Prosus Ventures, the venture investing arm of Dutch internet conglomerate Prosus NV, said this will be its first investment in the health-technology sector.

Existing investors in API Holdings including Temasek, Caisse de Depot et Placement du Quebec, LGT Lightrock, Eight Roads and Think Investments also participated in the funding round, the companies said.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

April 07, 2021 07:19 ET (11:19 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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