Raining unicorns
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Good morning,
India’s startup unicorn club saw one new entrant in January, two in February, one in March, and three in the first six days of April, including two just yesterday. PharmEasy and Cred are the latest members.
Also in today’s newsletter:
⚡️ BPM firms see higher demand
⚖️ ByteDance gets court relief
Pharmeasy is India s 7th unicorn of 2021
Last October we reported that South Africa’s Naspers and US private equity firm TPG Capital were in talks to invest in Mumbai-based online pharmacy PharmEasy. That funding materialised yesterday with Prosus Ventures a subsidiary of Naspers and TPG leading an investment of $350 million (Rs 2,570 crore) in API Holdings, Pharmeasy’s parent company.
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