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Miguel Cordon · · 1 min readReport: Eduardo Saverin’s B Capital gains stake in PharmEasy for $20m
“Facebook co-founder Eduardo Saverin’s B Capital has picked up a minority stake in online pharmacy PharmEasy for US$20 million through a secondary deal,” The Economic Times reported.
Details:
- The deal values PharmEasy at US$1.8 billion, up from the US$1.5 billion it commanded earlier in April.
- US investment major Tiger Global is also looking to close a US$20 million primary injection into PharmEasy’s parent API Holdings, the report noted.
Context:
- B Capital acquired the PharmEasy shares – estimated to be around 2% – from Everstone Capital, which had sold a part of its holding in the online pharmacy.
- The move comes after Tata Digital, a subsidiary of Indian conglomerate Tata, bought a minority stake in PharmEasy rival 1mg.
Editing by September Grace Mahino
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