Health tech unicorn PharmEasy is in funding talks with Softbank
API Holdings Pvt, which owns the country’s largest online pharmacy chain, is seeking a valuation of at least $5.6 billion, Bloomberg reported. The company is targeting a listing in the next 12-18 months.
Softbank is looking to invest between $150-$200 in the latest funding round.
Ola is getting a $500-million investment
The ride-hailing giant revealed that Temasek and an affiliate of Warburg Pincus are pumping in $500 million into the unicorn. The startup’s co-founder and chief executive officer Bhavish Aggarwal will also be participating in the latest investment, according to TechCrunch.
Moreover, Ola Electric’s factory will soon begin the production of e-scooters.
Pine Labs raises funds from new investors
With additional investments from Fidelity Management & Research Company, the funds raised in the latest round reached $600 million.
Over the last year, the unicorn’s CEO B. Amrish Rau said, Pine Labs has made significant progress in its offline to online strategy in India and the direct-to-consumer play in Southeast Asia.
B2B e-commerce unicorn Moglix acquires Vendaxo
With the acquisition of Vendaxo, an e-commerce platform for buying and selling used machinery, the company will be able to provide high-value capital goods at economical prices to manufacturers.
Moglix entered the unicorn club this year, becoming the 13th startup to do so in 2021, after raising $120 million funding at a valuation of $1 billion.
Amanat Khullar is the Content and Editorial Manager at ADIF.
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