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API Holdings raised $216 million to address debt and fuel expansion led by Manipal Education and Medical Group (MEMG), CDPQ Private Equity, WSSS Investments, Goldman Sachs, and Evolution Debt.

PRIVATEMay 03, 2024

Amount Raised

$216 Million

Round Type

Private Equity

MumbaiBiotechnologyHealth CarePharmaceutical

Investors

Evolution DebtGoldman SachsWSSS InvestmentsCDPQ Private EquityManipal Education And Medical Group (Memg)

Description

API Holdings, the parent company of PharmEasy, raised $216 million to address debt and fuel expansion. The funding round was led by Manipal Education and Medical Group (MEMG), with participation from CDPQ Private Equity, WSSS Investments, Goldman Sachs, and Evolution Debt.

Quick answer

API Holdings raised $216 Million in a Private Equity round, dated May 3, 2024. Investors: Evolution Debt, Goldman Sachs, WSSS Investments, CDPQ Private Equity and Manipal Education And Medical Group (Memg). API Holdings is based in Mumbai, Maharashtra, India.

How much did API Holdings raise?
API Holdings raised $216 Million in a Private Equity round on May 3, 2024.
Who invested in API Holdings?
Evolution Debt, Goldman Sachs, WSSS Investments, CDPQ Private Equity and Manipal Education And Medical Group (Memg) are named as investors in this round.
What does API Holdings do?
API Holdings is India's largest digital healthcare platform (based on GMV of products and services sold for the year ended March 31, 2021) which operates an integrated, end-to-end business solving the healthcare needs..
Where is API Holdings based and how big is it?
API Holdings is based in Mumbai, Maharashtra, India.
Who are the decision-makers at API Holdings?
Fundz holds 1 contact at API Holdings, including the Managing Director and CEO, Thyrocare & API Holdings. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Pharmaceutical and Biotechnology around the same time

Companies in the same sectors as API Holdings that raised within 45 days of this round, from Fundz verified event records.

  • i'SUPPLY raised $2.5M (Pre-Series A) on June 11, 2024.
  • SciTech Development raised $3.2M (Seed) on June 4, 2024.
  • Optimi Health raised $191K on May 29, 2024.
  • Bicycle Therapeutics raised $555M on May 28, 2024.
  • Bicycle Therapeutics raised $555M (Post-IPO Equity) on May 23, 2024.
  • Turn Therapeutics Inc. raised an undisclosed amount on May 23, 2024.

Who to call at API Holdings, and when

A new round usually means API Holdings is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

API Holdings

Location

Mumbai, Maharashtra, India

About

API Holdings is India's largest digital healthcare platform (based on GMV of products and services sold for the year ended March 31, 2021) which operates an integrated, end-to-end business solving the healthcare needs of consumers through technology and fulfilment capabilities. Our custom-built technology platform aims to provide each stakeholder in the healthcare value-chain benefits of an interconnected network. We work closely with and build services for consumers, pharmaceutical companies, wholesalers, pharmacies, hospitals, doctors and clinics, and diagnostic labs. Our growing nationwide presence, the connected ecosystem approach, and multiple synergistic offerings have enabled us to build relationships with various stakeholders of the healthcare value chain. We’re proud to be Great Place to Work® Certified™ and even prouder of our teams, whose passion for 'Simplifying Healthcare, Impacting Lives' continues to shape and strengthen an ever-evolving healthcare ecosystem.

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Related People

1 contact
Verified contactsRahul G., Managing Director and CEO, Thyrocare &…See plans and pricing
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API Holdings raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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