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Share on API Holdings, the holding company of online pharmacy startup PharmEasy, has raised $350 million in a Series E round led by Prosus Ventures and TPG growth at a reported valuation of $1.5 billion, making Pharmeasy the seventh startup from India to enter the unicorn club this year. A statement from API Holdings said the new capital raised was a combination of primary and secondary funding, which also saw participation of existing investors including Temasek, CDPQ, LGT Lightrock, Eight Roads & Think Investments. The other six startups that entered the unicorn club this year are Digit Insurance, InnovAccer, Infra.market, Five Star Finance, Meesho, and CRED. ....
Billionaire Elon Musk s Tesla Inc will set up an electric-car manufacturing unit in the southern Indian state of Karnataka, according to a government document seen by Reuters on Saturday. The U.S. firm Tesla will be opening an electric car manufacturing unit in Karnataka, the state government said in a brief statement. The statement was part of a broader document outlining the highlights of India s budget to its people in the local language of Kannada. Last month, the electric carmaker incorporated Tesla Motors India and Energy Private Limited with its registered office in Bengaluru, a hub for global technology companies. ....
People Digest: Elevation appoints VP; Bertelsmann promotes Rohit Sood to partner Photo: Reuters Premium Elevation Capital (formerly SAIF Partners) Tuesday said it has appointed Amit Aggarwal as vice president. Separately, Bertelsmann India Investments (BII) has promoted Rohit Sood to partner position from principal. Continue reading this story with a subscription to DealStreetAsia. Contact us for corporate subscriptions at subs@dealstreetasia.com. Sign up for our newsletter - The Daily Brief Opt out of receiving The Daily Brief in your inbox everyday REGISTER stories left placeholder You have one free story left this month. You have stories left placeholder free stories left this month. ....
DeHaat to expand operations to MP, Rajasthan January 19, 2021 Plans to beef up tech platform with $30 m raised from Prosus Ventures Agritech services firm DeHaat, which mainly operates in Bihar, Jharkhand, Uttar Pradesh, and Odisha, proposes to expand its operations to Madhya Pradesh and Rajasthan utilising the latest funding of $30 million raised from investors led by Prosus Ventures. RTP Global co-invested in the DeHaat’s C Series funding with participation from existing investors, Sequoia India, FMO, Omnivore & AgFunder. Prior to this round, DeHaat had raised a total of $16 million. About 4 lakh farmers are using DeHaat’s technology platform to buy inputs such as fertilisers and seeds, sell their produce and also seek crop advisory and financial services, said co-founder and CEO, Shashank Kumar. ....