PharmEasy, Drivezy are seeking for funding from SoftBank, Amazon; Lightspeed backs Property Share

Online medicinal drug retailer pharmacy and self-pressure -wheeler platform Drivezy are in talks to elevate funding from buyers such as Japan’s SoftBank Group Corp, media reports said.
SoftBank is in talks to make investments approximately $one hundred million (Rs seven hundred crores) in pharmacy at a valuation of $four hundred million, Mint reported, mentioning three human beings privy to the problem it didn’t identify.
The Pharmacy had raised $50 million in a prolonged Series C round led using new investor Eight Roads Ventures in September remaining year.

 


pharmacy sells drugs and healthcare merchandise and additionally connects sufferers to neighborhood pharmacies and diagnostic centers via an included on-line platform. It competes with the likes of NetMeds and 1mg.
In any other record, The Economic Times stated that SoftBank and Amazon are among folks that ought to lead a $100 million investment round in Drivezy.
Citing people it failed to become aware of, the document stated Amazon might be interested in Drivezy’s meta-seek platform Rayy. The multi-product platform is focused on the gig economy and permits producers, Drivezy, and people to list products that customers can percentage or lease.
Driveby had raised $20 million in its Series B spherical ultimate 12 months in a round led using current Japanese investor Das Capital. Motorbike organization Yamaha had come in as a new investor.
Meanwhile, on-line actual estate funding platform Property Share has raised an undisclosed amount in a Series A investment round led by way of venture capital firm Lightspeed Venture Partners, TechCircle said, bringing up humans it didn’t identify.
Property Share turned into founded in 2015 through Kunal Moktan, an IIM Ahmedabad alumnus, and Hashim Khan, an IIT Kanpur and IIM Ahmedabad alumnus. The agency had raised investment from Japanese asset management company Asuka Holdings in March 2017. Before that, it acquired $530,000 from assignment capital firms Bee next and Pravega Ventures.

Author: Dustin Padilla

Share This Post On