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Executive Movements

Thyrocare Technologies appoints Rahul Guha as MD & CEO

Thyrocare Technologies, an API Group backed diagnostic laboratory services provider, has announced the appointment of Rahul Guha as its Managing Director and Chief Executive Officer with effect from 16th May 2022. Guha has joined API Group to head its Diagnostics Business. Guha has spent almost 17 years at Boston Consulting Group (BCG) where he led […]

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Acquisition

PharmEasy to acquire 66.1% stake in Thyrocare for Rs4,546 cr

API Holdings Ltd (API), the parent co. of India’s Largest Digital Healthcare Brand, (PharmEasy), founded by Dharmil Sheth, Dhaval Shah, Harsh Parekh, Hardik Dedhia and Siddharth Shah, announced the signing of definitive documents to acquire 66.1% stake in Thyrocare Technologies Ltd (Thyrocare) from Dr. A Velumani and affiliates at a price of INR 1,300 per share aggregating to INR […]

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Investment

PharmEasy parent gets funding from Prosus Ventures & TPG Capital, enters unicorn club

API Holdings, the parent company of Mumbai-based online pharmacy PharmEasy, has raised an investment of $350 million from Prosus Ventures and US-based private equity firm TPG Capital, according to ET report. Prosus Ventures (previously Naspers Ventures) has backed Indian technology startups like Swiggy, Byju’s and Meesho. The deal is estimated to have valued Pharmeasy at […]